Category: Insurance

Lynch Insurance Brokers

Post author By Business Barbados
Post date July 15, 2019

Lynch Insurance Brokers has over 150 years of knowledge and current insights to help you manage your risks. Our acquired knowledge, a sincere interest in our client’s business and a proactive attitude inherent in our team allows us to isolate your risks, analyze the costs, convey the facts and present the essential risk and insurance options in order to help you make confident decisions and stay relevant to see your plans actualised.

Making the right decision for the future of your business takes

Tenacity + Integrity + Sound Advice

This is what we bring to the table.

“Today Lynch is the only trusted risk advisor in the Caribbean that can provide a cohesive risk management plan across the entire spectrum of business risk. We draw on our international network and talent pool to provide a dedicated team of colleagues from Marsh, Mercer, Guy Carpenter, Oliver Wyman with expertise in strategic, operational and hazard risks ensuring that the key risk issues impeding your success are identified and solved.”

Providing Risk Solutions for:
Manufacturing Retail/Wholesale Government/Public Entity Agriculture Construction Real Estate/Residential Developments Financial Institutions Communications, Technology & Media	Education Healthcare Power & Energy Hospitality Transportation, Aviation & Marine Professional Services Personal Insurances and Small Business

Key Service areas:
General Insurance Broking Insurance Programme Optimization Benchmarking Risk Consulting Marsh Risk Explorer ™ Strategic Risk CSTARS ™ CAT Modelling	Claims Advocacy & Management Forensic Claims and Accounting Services Employee Benefits & Human Resources Self Insurance Programme Captive Management Services

Financial Services Insurance

Goldcorp Insurance Company Inc.

Post author By clientupdates
Post date February 27, 2018

Goldcorp Insurance Company Inc. was incorporated under the laws of Barbados on July 2, 2007. The Company is registered as an Exempt Insurance Company under the Exempt Insurance Act of Barbados and is a wholly owned subsidiary of Goldcorp International Finance Inc., a Barbados incorporated entity. The ultimate parent company is Goldcorp Inc., a company incorporated in Canada. Goldcorp Inc. is a leading gold producer engaged in gold mining and related activities, and is listed on the New York and Toronto stock exchanges.

Insurance

Caribbean Alliance Insurance Company Ltd.

Post author By Business Barbados
Post date April 4, 2017

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.

Insurance

Beacon Insurance Company Ltd.

Post author By Business Barbados
Post date June 17, 2014

The Beacon Insurance Company Limited was launched in 1996 via a re-branding of its predecessor, Caribbean Insurance Company Limited which had been in existence since 1972. With thirty (30) years in the insurance industry this privately owned company’s operations are Regional with headquarters in Trinidad and branch offices in Tobago, Grenada, Barbados, St. Lucia, and agencies in St. Vincent, Dominica and St. Kitts & Nevis.

Beacon underwrites all major lines of insurance including: Property, Motor, Accident and Casualty, Marine Cargo and Hull, Engineering, Bond, and Group Life and Employee Benefits.

See more at: http://www.beacon.co.tt/about-us/corporate-profile/company-profile

Insurance

Sun General Insurance

Post author By Business Barbados
Post date June 19, 2013

Sun General offers one of the most comprehensive ranges of general insurance products to be found in the Eastern Caribbean. Our package of over forty-eight (48) different plans gives consumers the most liberal options in protecting life & limb, property and other assets. We extend our coverage beyond the personal into Employment, and Transportation Insurance thus making attractive packages available to small and large consumers. This diversity makes our company an attractive option for a variety of consumers.

Products and Services

Property
Motor Insurance
Miscellaneous Accident / Liability
Financial Risk
Credit Risk

Liquidity Risk
Foreign Exchange Risk
Interest Rate Risk
Price Risk
Fair Value Risk

Contractors
Money Insurance
Fidelity
Bonds – Bid Performance

Sun General Insurance Inc. offers general insurance coverage under home, motor, marine, travel, bonds, business and commercial lines. Service is offered to customers through a network of 10 offices in 8 islands across the Caribbean (Anguilla, Antigua, Barbados, Dominica, Grenada, St. Lucia, St. Vincent and the Grenadines. The company has a solid reinsurance philosophy and is backed by ‘A’ rated reinsurance companies. The company also boasts experience in catastrophe claims management after handling large events across the Caribbean.

Sun General Insurance is a member of Sun Group Inc. A well-established Group of Companies with interests in 12 islands across the Caribbean, under the Chairmanship of Bernard Weatherhead. Originally established in 1982, the Sun Group encompasses operations in hotels, retail travel, land and sea adventures, duty free retail, vehicle rentals, ground transportation, destination management, villa rental and convenience shopping. With the opening of Sun General Insurance Inc. the company’s diverse portfolio is further strengthened with a comprehensive general insurance offering.

Key Contacts

Davis Browne, AIIC – President

Mr. Browne has had over thirty (30) years experience spanning a distinguished career in the insurance industry and was the first Barbadian to qualify for the Insurance Institute of Canada’s Diploma (AIIC). He holds a qualification in General Principles of Insurance Law from the University of the West Indies.

T: (246) 434-8480 Ext: 8001
E: davis.browne@sungeneral.net

Dean Weatherhead – Vice President Claims

Weatherhead has over 23 years experience in general insurance including with New India Assurance Ltd. He is a Past President of the LIONS Club Central.

T: (246) 434-8480 Ext: 8004
E: dean.weatherhead@sungeneral.net

Debby-Ann Haynes – Financial Controller

Haynes has over 15 years experience as a Certified General Accountant with training as an External Auditor specifically in the insurance, hotel and retail sectors.

T: (246) 434-8480 Ext: 8003
E: debby-ann.haynes@sungeneral.net

Patricia Bend – Vice President Operations

Bend has over 20 years in the Industry and has responsibility for training & employee development, marketing & market research, producer relations and administrative assistance.

T: (246) 434-8480 Ext: 8005
E: patricia.bend@sungeneral.net

John Herbert – Branch Manager, Bridgetown

Herbert has been in the Insurance Industry for just over 15 years. He has completed an Executive Masters in Business Administration with the Cave Hill School of Business.

T: (246) 434-8486 Ext: 8061
E: john.herbert@sungeneral.net

Michael Gonsalves – Branch Manager, Holetown

Gonsalves has over 35 years experience in the insurance industry. He has been elected as a Chartered Insurance Professional with the Insurance Institute of Canada and is a Past President of the Insurance Institute of Barbados and Insurance Brokers Assoc. of Barbados.

T: (246) 419-2400 Ext: 8081
E: michael.gonsalves@sungeneral.net

Financial Services Insurance

CGM Gallagher Insurance Brokers Ltd.

Post author By
Post date March 2, 2011

CGM Gallagher Insurance Brokers (Barbados) Limited

The Numbers

Over 160 employees
More than US$150,000,000 in premiums handled
40 years experience in developing and administering insurance solutions for Caribbean clients
Six Companies that provide insurance broking, captive management and risk management solutions to hundreds of clients across the Caribbean. They are: CGM Gallagher Insurance Brokers Jamaica Limited, CGM Gallagher Insurance Brokers (Barbados) Limited (of which CGM Gallagher Insurance Brokers (Grenada) is a subsidiary), CGM Gallagher Insurance Brokers (St. Vincent) Limited, CGM Gallagher Insurance Brokers (St. Lucia) Limited, CaribRM and Mecacem SPC Limited

Industry Experience

Government
Public Utilities
Agriculture and Agri-Processing
Construction
Tourism
Telecommunications
Energy
Marine

Core Competencies

Commercial Risk transfer –CGM Gallagher’s specialty is in commercial enterprise, with a focus on Property All Risks, Income Replacement, Construction/Erection, Engineering and Casualty Lines.
Risk Management – CaribRM is the only Caribbean-based risk management company to offer real-time modelling and risk surveying solutions.
Captive Management – CGM Gallagher’s portfolio includes eight captive insurance vehicles; we have developed extensive regional experience by working with captive insurers domiciled in Cayman, Bermuda, St Lucia and Turks and Caicos. Through our association with insurance broker, Arthur J Gallagher, we also have access to ARTEX resources, the global AJG management company.
Reinsurance – IIBRe is the first such reinsurance intermediary in the Caribbean handling extensive treaty and facultative placements into the international marketplace. Clients include all our captives, Caribbean insurers and international underwriters.
Liability Underwriting – IIBRe also manages a binder facility for certain Lloyd’s underwriters on behalf of CGM Gallagher with limits of up to US$5,000,000
Group Employee Benefits – CGM Gallagher is one of the region’s leading commercial life and group health insurance brokers; both our Jamaican and Barbados offices have dedicated GEB teams.
Professional Indemnity Insurance – CGM Gallagher carries Professional Liability well in excess of the limit prescribed by the regional regulatory authorities. Our Professional Liability cover is placed with A-rated security in the international markets to a limit of US$20,000,000.00.