Cayman General Insurance officially became Sagicor General Insurance (Cayman) Ltd. on 1 September consistent with the majority shareholding by Sagicor Financial Corporation.
Sagicor General Insurance (Cayman) Ltd, formerly Cayman General Insurance, is a company born out of a strong tradition of success in general, property and health insurance, states a. press release.
For more than 20 years, the company has had a vision to help its clients and business partners across the Cayman Islands build wealth by protecting their assets.
Backed by the leading insurance company in the Caribbean, Sagicor General will offer its customers the same trusted insurance products and services it has for more than two decades with the anticipation of introducing new services to the Cayman market.
‘Consumers recognize the Sagicor brand, its reputation and its financial strength,’ said Danny Scott, president and CEO, Sagicor General Insurance (Cayman) Ltd. ‘Our focus and dedication to our partners remains as strong as ever. This transition further reinforces our position as a leading provider of insurance services for all Caymanians.
‘We are extremely energized by our new position in the marketplace, as our new name, Sagicor, means wise judgment and it draws on the strength, stability and financial prudence that are our heritage. The combination of local expertise, a very strong capital base, world-class asset management and reinsurance capacity ensures that we are truly able to provide world class insurance protection within the Cayman Islands, and indeed, the wider Caribbean’.
Mr. Scott further stated that the addition of Sagicor General Insurance (Cayman) to the Sagicor family further strengthens Sagicor’s position as the leading indigenous financial services company in the Caribbean – ready to take its place on the global stage.
Established for more than 160 years ago as Barbados Mutual, the Sagicor Financial Group has grown to become the leading, indigenous financial services organization in the Caribbean. Today Sagicor has a presence in twenty one (21) countries across the Caribbean and the United States and provides a wide range of financial services, including life and health insurance, annuities, pensions, property and casualty insurance services, banking, as well as investment and card processing.
For six consecutive years Sagicor has been affirmed the rating of A (Excellent) for Financial Strength, as a result of its financial position, strategic management and operating effectiveness, by the internationally recognized A.M. Best insurance rating agency. Additional information can be obtained by visiting Sagicor’s website at www.sagicor.com.