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News Article

October 04, 2019
Domestic insurance sector swells 5 percent in 2018

The insurance sector injected $819.8 million into the Bahamian economy in 2018, the Insurance Commission of The Bahamas revealed in its annual report. It represents a 5.5 percent increase in insurance premiums over 2017 which saw $778.3 million in gross premiums across domestic insurers. "This [...]
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News Article

October 03, 2019
Gorospe, Taylor win RMS Insurance Classic

Zion Taylor (center) accepts the amateur winner's prize at the Bahamas Professional Tour RMS Insurance Hole in One Tournament at the Royal Blue Golf Course on Friday, September 27. At left is Brian Moodie, president, RMS Insurance, and Riccardo Davis, BPGT organizer (right).After missing the previous round, professional golfer Lemon Gorospe finally picked up his first win in the 2019 Bahamas Profe...

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News Article

September 30, 2019
Almost US13 mil. to govt in hurricane insurance payout from CCRIF SPC

Destruction caused by Hurricane Dorian in Marsh Harbour, Abaco. FILEMulti-country risk facility Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) announced Thursday that it has paid out almost $13 million to the government of The Bahamas after its hurricane insurance policy for the northern region was activated by Hurricane Dorian. CCRIF, in [...]
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September 25, 2019

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September 23, 2019

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September 17, 2019
RMS Insurance Hole-in-One Tournament set for September 27

The 2019 Bahamas Professional Golf Tour (BPGT) Signature Golf Classics swings into the fourth round with the RMS Insurance Hole-in-One Tournament at the Royal Blue Golf Club at the Baha Mar Resort on Friday, September 27, at 2.30 pm...

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News Article

September 13, 2019
Insurance payouts for Abacos could be 600m

COMPLETE restoration in Abaco will take a "massive" effort, former Prime Minister Hubert Ingraham has said, adding insurance payouts in the hurricane devastated islands could be between $500m-$600m.While Mr Ingraham told reporters he did not know how

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News Article

September 05, 2019
BIA: Dorian insurance payout could be much higher than Matthew's 400M

Warren Rolle.The insurance payout from Hurricane Dorian could be significantly higher than the $400 million for insured losses suffered after Hurricane Matthew, Chairman of the Bahamas Insurance Association (BIA) Warren Rolle told Guardian Business yesterday, adding that as soon as they can, insurance adjusters will be [...]
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News Article

September 02, 2019
DPM: Govt to tap into disaster insurance, 100 mil. IDB loan

The country's parametric insurance coverage through the CCRIF SPC (formerly Caribbean Catastrophic Risk Insurance Facility) will likely kick in due to the strength and devastation of Hurricane Dorian, Deputy Prime Minister and Minister of Finance Peter Turnquest told Guardian Business yesterday, adding that the government [...]
The post DPM: Govt to tap into disaster insurance, $100 mil. IDB loan ...

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News Article
BPL could have an insurance settlement next month related to fire
August 20, 2019
BPL could have an insurance settlement next month related to fire

Bahamas Power and Light (BPL) could have a settlement completed with its insurance provider within the next month after a fire destroyed two of its engines at the Clifton Pier power plant, BPL Chairman Dr. Donovan Moxey said on Friday...

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