Find Insurance and Reinsurance expertise in Barbados

The insurance sector in Barbados is dichotomous with a local onshore sector and an international offshore sector. In the local insurance sector, there was a 70% to 30% aggregate split of general insurance to life assurance premium in 2006, and overall premiums totalled 10% of GDP. The high level of insurance penetration has led many local operators to look beyond Barbados for further growth. Local insurance operators include the Insurance Corporation of Barbados, Sagicor Financial Corporation and CLICO. International insurance companies on the island are licensed under the Exempt Insurance Act, which exempts them from tax (trading completely offshore), or as ‘qualifying insurance companies’ under the Insurance Act, which entitles them to extremely low tax rates, thus allowing them to also take up to 10% of their business from Barbados. The Supervisor of Insurance and Pensions (SOIP) is the sector regulator.

Insurance and Reinsurance organisations in Barbados
American International Management Co. Ltd
American Life Insurance Co.
Aon Insurance Managers Ltd
Aurum Insurance Co. Inc.
B B Insurance Services Ltd
Babb Grantley & Co. Ltd
Barbados Fire & Commercial Insurance Co. Ltd
Barbados Hardware Insurance
Barbados Mutual Life Society
Barbados Shipping & Trading Co. Ltd
Bayley Keith Insurance
British American Insurance Co.
British Fidelity Assurance Ltd
Brydens Insurance
C.G.I. Consumers' Guarantee Insurance Co. Ltd
Canada Trust Insurance Managers Ltd
Caribbean Alliance Insurance Co. Ltd
Caribbean Home Insurance Co. Ltd, The
Caribbean Insurance Co. Ltd
Century Property & Casualty Insurance Corporation
Chandler Insurance Management Ltd
CLICO Holdings (Barbados) Ltd
Co-Operators General Insurance Co. Ltd
Coleman Williams Risk Management
Dion Durell Inc.
encorp Reinsurance Co. Inc.
Equity Insurances Ltd
F Taylor Associates Ltd
Gerling Global International
Great Northern Insurance Co. Ltd
Guardian General Insurance Ltd
Harmony General Insurance Co. Ltd
Insurance & General Services Ltd
Insurance Corporation of Barbados Ltd
Insurance Institute of Barbados
International Insurance Management Ltd
IRMG - International Risk Management Ltd
Island Heritage
Life of Barbados
London Life International Reinsurance Corp.
Manufacturers P & C Ltd
Manulife Management Services Ltd
Marsh Management Services Ltd
Marshall Rommell Insurance Inc.
Meadowbrook Risk Management Ltd
Media Reinsurance Corporation
Mims International Ltd
Ministry of Finance
Mutual Risk Management Ltd
N E M (West Indies) Insurance Ltd
P & S Insurance Services Ltd
P V H Consultants Ltd
Palmeto Re-Insurance Management Ltd
Phoenix Assurance Plc
Prudential Financial Sales & Services
Ross-Williams International Management Services
Royal & Sunalliance Insurance Ltd
Sagicor Financial Corporation
Seale Louis & Co. Ltd
Suleman Abubaker & Co. Ltd
Swift Insurance & Financial Services Ltd
Swiss Re New Markets
The Beacon Insurance Co. Ltd
Towner Management Group, The
Trident Insurance Co. Ltd
United Insurance
Vanderpool Insurances Ltd
Walcott & White Ltd