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| Additional information |
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| Sagicor Financial Corporation |
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Overview:
Sagicor Life Inc. formerly The Barbados Mutual Group of Companies is a leader in the Caribbean Group Insurance marketplace. Its reputation is based on its financial strength, its image as a solid corporate citizen and its historical commitment to the markets in which it operates. It was the oldest mutual insurance company in the hemisphere and is now one of Insurope's most recent Network Partners. It proposes to aggressively enter the multinational benefit market in the Caribbean as part of its overall corporate marketing plan.
Sagicor Life Inc operates in 18 Caribbean territories. Established in 1840, The Barbados Mutual was one of the worlds oldest mutual insurance companies. The Mutual is now Sagicor. Over the years the Group has evolved into an organisation that offers a wide range of financial products and services including, individual life, group life and health insurance, pensions, annuities, retirement products, property and casualty insurance and banking and credit card services.
Over recent years much has been happening at Sagicor. During this period the company has purchased a company in Panama and has secured regulatory approval. We are also working on an acquisition in Jamaica. These areas will increase the number of countries in which The Mutual is operating to 20. The others being Anguilla, Antigua, Aruba - Netherlands Antilles, Barbados, Bahamas, Belize, British Virgin Islands, Cayman, Curacao, Dominica, Grenada, Montserrat, Puerto Rico, St. Kitts & Nevis, St. Lucia, St. Maarten, St. Vincent, Trinidad & Tobago.
Sagicor Life Inc. is also able to provide coverage to Third Country Nationals and Ex-pats. We currently are providing this through US brokers. Should any clients be interested in this coverage we can be of assistance. Please note that ex-pats should not be working in continental USA as Sagicor Capital Life, the subsidiary writing this business is not registered to do business in the USA.
A.M. Best has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of "a" for Sagicor Life, and its wholly-owned subsidiary, Sagicor Capital Life Insurance Company Limited. Following the acquisition in September of American Founders Life Insurance Company, now Sagicor Life Insurance Company, A.M. Best increased Sagicor Life Insurance Companys rating to B++ (Very Good). |
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Formerly known as:
The Barbados Mutual Group of Companies |
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