Insurance agency gains 3,000 policies, 3.5m in premium

Wed, Oct 27th 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

A leading Bahamian insurance agent yesterday said it would gain some 3,000 policyholders, paying collective gross premiums of $3.5 million per annum, as a result of absorbing the general insurance portfolio of another intermediary in which its ultimate parent acquired a majority interest in August 2010.

John Dunkley, managing director of Nassau Underwriters Brokers & Agents (NUA), told Tribune Business that while the company was still doing budget forecasts for 2011, he would be "happy" with a 5-10 per cent commission increase, which was anticipated to come from both its new Carmichael Service Station and absorption of General Brokers ...

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