'Aggressive' insurertargets the Bahamas

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March 21, 2012

By NEIL HARTNELL

Tribune Business Editor

AN "AGGRESSIVE" St Maarten-headquartered underwriter has caused a stir in the Bahamian general insurance market after obtaining regulatory approval to write business in this nation, Tribune Business can reveal, a development that has come "as a bit of a surprise" to many in the industry.

Multiple sector sources confirmed to this newspaper yesterday that the Insurance Commission of the Bahamas (ICB) has issued a licence and the relevant approvals to Netherlands Antilles General Insurance Company (NAGICO) to start writing property/casualty business in this nation, with the company set to operate from a Centreville head office address.

While ...

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News date : 03/21/2012    Category : Tribune Stories

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