LOM Holdings has announced that it will be closing its Caribbean office at the end of March 2010 and concentrating its operations in the Bahamas, with captive insurance and trust programmes being serviced from its Bermuda headquarters

LOM Asset Management said it would continue to support the Insurance Managers Association of Cayman and to exhibit at the 2010 Cayman Captive Forum.

All of LOM’s staff and financial advisors in the Cayman office have been offered the opportunity to relocate to either its Bahamas or Bermuda offices.

In a statement, the group said that its portfolio managers and advisors would be making regular visits to Grand Cayman to meet with the captive managers, lawyers and auditors that service its clients.

LOM provides brokerage, asset management, and corporate finance services to captive insurance and other high net-worth individual and institutional clients in over 75 countries.