Sagicor celebrates year of growth

Sagicor Cayman celebrated what its officials called one the most productive years in the company’s history at its Corporate Awards Luncheon on 28 March.

Margaret Powell

Margaret Powell, right, receives her second straight Sagicor Life Agent of the Year award from Michael Fraser, president and CEO of Sagicor Life and Mrs. Claudette Saint-Reid, Sagicor country manager. Photo: Submitted

Sagicor Country Manager Claudette Saint-Reid said the company settled $1.28 million worth of new business. The company also grew by recruiting eight new sales agents through November 2006.

Sagicor has the largest sales team in the life insurance industry in the Cayman Islands with 19 agents.

‘We met and surpassed our sales quota; certainly a fantastic performance,’ Mrs. Saint-Reid said,

She also lauded the company’s participation in community events over the past year, which included the Stride for Cancer Walk-a-thon and Red Dress Affair, the Chamber of Commerce Earth Day Clean up, the Health Service’s Authority’s first Medical Conference and the George Town Primary Family Fun Day.

The company also used the occasion to publicly announce a new product, the Guaranteed Investor, a combined life insurance-retirement savings plan.

Officials said the investor programme can be used to accumulate wealth for retirement, or to assist with the distribution of that money which provides monthly income to those who are ready to retire.

Sales agent Margaret Powell was honoured at the luncheon with the Sagicor Life Agent of the Year award for 2006. Ms Powell received the same award last year. She also was given awards for the Cases Leader, and the Conservation Trophy for excellence in retaining business.

‘If Margaret was on the West Indies (cricket) team, she would be the all rounder,’ said Karl Williams, Sagicor associate vice president of Corporate Marketing.

Runner up for Agent of the Year went to Jewel Ebanks. The Manager of the Year award went to Norman Wilson.

Other Sagicor awards went for the Most Improved agent, Claudette Bell White; the Rookie Agent Trophy went to Vincent Mitchell; and Faitha Pars and Sean Glenn won awards for New Agent Incentives.