The History of Caribbean Alliance Insurance Company Ltd.
Caribbean Alliance Insurance Company Ltd. is the largest general insurance company in Antigua and the only regional insurance company covering the Eastern and Northwestern Caribbean with its Head Office based in St. John’s, Antigua.
The company was formed in 1988 as a regional subsidiary company of the Sun Alliance Insurance Group, UK with the Head Office in Antigua representing Insurance agencies in St. Kitts, Montserrat, St Lucia, Barbados, St. Vincent and Grenada.
We now have representatives in 15 territories across the Leeward’s, Windward‘s and North western Caribbean.
Caribbean Alliance specializes in property and casualty business including marine insurance.
Our extensive Reinsurance programme is second to none in the Caribbean, placed with major Reinsurance Companies with minimum ratings of A by the international rating agencies.
This makes us one of the strongest financial institutions in the Caribbean.
Whilst our experience and financial strength enables us to respond efficiently to the most severe of natural disasters, we recognize that even the smallest of non-catastrophe claims matters a great deal to our policyholders.
In 2014 our rating was upgraded to A (Excellent) Stable by A.M. Best which is the highest rating given to any Insurance Company in the Caribbean.
A.M. Best’s Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations.
It is based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.
Caribbean Alliance Insurance Company whilst rated by A.M. Best is also regulated in each of the individual territories by the local regulators who consult on a regional basis.