CLERICAL Medical International, one of the territory's leading offshore insurers, has written to brokers and customers to reassure them following the defection of three of the company's senior managers.
A head office internal review has also sparked widespread speculation that the company could be for sale.
The uncertainties were compounded by the recent resignation of regional director Philip Hampden Smith to head Regent-Manulife, a new financial services group.
David Mackenzie, the new regional director, has written to clients in an attempt to quash rumours about the fate of the group and to inform them about changes at the Hong Kong office.
Mr Mackenzie said: 'The group is currently carrying out a review on a world-wide basis in order to ensure that we are able to focus on those markets which offer the highest potential around the world.
'It is essential from the point of view of future profitability that we now look to consolidate our position and take advantage of markets which are likely to be the most profitable in the long term.
'Once the project team have carried out their review we will then be in a position to discuss our plans for the future and how we intend to achieve our goals.' Mr Hampden Smith was a member of the review team and a replacement for him has yet to be announced.
