INSURANCE

National General Insurance Corporation N.V. was approved to conduct insurance business under the laws of St. Maarten and The Netherlands Antilles in 1982.

In 1992 NAGICO appointed George W. Bennett Bryson & Co. Ltd T/AS Bryson’s Insurance Agency as general insurance agents in Antigua & Barbuda in the wake of the departure of the large UK companies. At present NAGICO is represented in twelve (13) islands from the British Virgin Islands in the North to Curacao in the South.

The company takes its commitment to and the confidence of its policyholders very seriously. As a result, NAGICO purchases only quality reinsurance protection through Arthur J. Gallagher & Co. - one of the largest and most reputable reinsurance brokers in the world. Their proven track record, achievement and expertise in placing catastrophe programs will be a tremendous asset to NAGICO and its policyholders.

NAGICO has paid all valid claims arising from hurricanes and other disasters in the territories where it is represented. In addition, NAGICO maintains catastrophe contingency funds in each territory allowing for easy, hassle free disbursement of claim proceeds to policyholders.

In 2004, NAGICO’s estimated gross income was over one hundred and fifty million Eastern Caribbean dollars (EC$150,000,000.00). Notwithstanding size and market share, the St. Maarten Insurance Brokers Association repeatedly acknowledged NAGICO’s unrivalled perfomance in claims settlement.

As a good corporate citizen, NAGICO honours its tax and other statutory obligations in all territories. In addition, the company donates to many deserving charities thereby contributing to the economy and social well being of the people of the North Eastern Caribbean.