CORPORATE
BROCHURE
Caribbean Alliance Insurance Co. Ltd.
2022
www.caribbeanalliance.com
www.caribbeanalliance.com
CARIBBEAN ALLIANCE INSURANCE
THE FACES OF...
The Antigua Head Office building was completed in 2013
www.caribbeanalliance.com
Our History
Caribbean Alliance Insurance
Co. Ltd. is the largest general
insurance company in Antigua
and the only regional insurance
company covering the Eastern
and Northwestern Caribbean with
its Head Office based in St. John’s,
Antigua. The company was formed as
a regional subsidiary company of the
Sun Alliance Insurance Group, UK, as
part of their strategy with 5 subsidiary
companies covering the Caribbean.
Founding shareholders were Sun
Alliance Insurance Group 75% and
Mr. E. J. Letby 25%.
Sun Alliance (then Royal and Sun
Alliance) decided to withdraw from
the Caribbean and all five subsidiary
companies were sold. In October
2001 Mr. E. J. Letby purchased the 75%
shareholding from the Sun Alliance
and still retains 100% of the shares in
Caribbean Alliance Insurance Co.
Ltd. The company is an independent
insurance company without ties to
any other Institution.
The company was formed in 1988
with the Head Office in Antigua
representing Insurance agencies in St.
Kitts, Montserrat, St Lucia, Barbados, St.
Vincent and Grenada.
We have a long history in the region
and some Agencies have been in
business for over one hundred years.
We currently have representatives in
15 territories across the Leeward’s,
Windward‘s and North-western
Caribbean. We are also represented
in Ascension Island and the
Falkland Islands in the South Atlantic.
Caribbean Alliance specialises in
property and casualty business
including marine insurance.
Our extensive Reinsurance
programme is second to none
in the Caribbean, placed with
major Reinsurance Companies
with minimum ratings of A by the
international rating agencies.
We have also completed a new
16,000 square feet Head Office
building in St. Johns, Antigua in
August 2013 for sole occupancy by
Caribbean Alliance staff.
Reliable Claim Settlements
At Caribbean Alliance Insurance
we have a proven track record of
fast and efficient claims settlement.
This philosophy has been proven
following disasters such as hurricanes
Hugo, Luis, Marilyn, George, Lenny,
Jose and Ivan.
Caribbean Alliance Insurance has:-
• Current regional claims
settlement for the devastating
2017 hurricanes Irma and Maria
exceeds EC$555 million.
• Paid more than EC$95 million
in respect of the Montserrat
volcano.
• Settled 98% of ‘Ivan’ claims in
Grenada within three months.
• Paid US$40 million in recent years
for 7,500 Motor claim.
Financials
Our Accountants are now Grant
Thornton (formerly Pricewaterhouse
Coopers) and our financial year is
12 months at 1st January.
Initial paid up capital EC$4,000,000
Current paid up capital
EC$10,000,000.
Annual gross written premium
for 2020 is EC$165 million.
One of the strongest nancial institutions in the Eastern & Northwestern Caribbean, backed by our
reinsurance programme placed with top-rated reinsurance companies in Europe, USA, Bermuda & Lloyds.
CARIBBEAN ALLIANCE INSURANCE COMPANY LIMITED
With Caribbean Alliance
Insurance your
Tomorrow is Secured.
www.caribbeanalliance.com
A.M. BEST’S FINANCIAL STRENGTH RATING
Financial Stability
Founded in 1899, A.M. Best
Company is a full-service credit
rating organization dedicated
to serving the financial services
industries, focusing on the
insurance sector.
A.M. Best’s Financial Strength
Rating (FSR) is an independent
opinion of an insurer’s financial
strength and ability to meet its
on-going insurance policy and
contract obligations. It is based
on a comprehensive quantitative
and qualitative evaluation of a
company’s balance sheet strength,
operating performance and
business profile.
A.M. Best’s rating system has a
proven track record in indicating
insurance companies that may,
over time, encounter financial
difficulties. As such, A.M. Best’s
FSR is recognized worldwide as
the benchmark for assessing and
comparing insurers’ financial
strength. Such a benchmark is
increasingly important to an
international market that looks for a
strong indication of stability in the
face of widespread deregulation,
mergers, acquisitions and other
dynamic factors.
Caribbean Alliance Insurance Co.
Ltd. whilst rated by A.M. Best is also
regulated in each of the individual
territories by the local Financial
Services regulators who consult on
a regional basis.
In 2014 our rating was upgraded
to A (Excellent) Stable by A.M. Best
which is the highest rating given
to any Insurance Company in the
Caribbean.
A.M. Best’s FSR opinion addresses
the relative ability of an insurer
to meet its on-going insurance
obligations. It is not a warranty of a
company’s financial strength and
ability to meet its obligations to
policyholders.
Visit www.ambest.com for
complete details.
Rated A (Excellent) at A.M. Best Company
Our distinguished rating is attributed to our solid capitalisation, growing market presence in the Eastern
& Northwestern Caribbean, regional expertise and our commitment to sound underwriting principles.
“The rating of
A (Excellent) Stable
is assigned to companies
that have, in their opinion,
an excellent ability to
meet their on-going
insurance obligations.”
www.caribbeanalliance.com
www.caribbeanalliance.com
CORE LIFESTYLE & BUSINESS INSURANCE PRODUCTS
Our many years of experience helps us to guide you through the process of buying appropriate,
competitively priced coverage best suited to protect your personal and/or business assets.
Material Damage
Insurance
Material Damage insurance is
designed to provide protection
for your business assets or other
property against damage
caused by fire, weather or other
unexpected occurrences.
Cover can be provided for Buildings,
Business Contents, Fixtures & Fittings,
Computer Equipment, Stock, Tenants
Improvements or other property
that you may specify. Caribbean
Alliance offers two alternative
policies, a standard Material
Damage Fire & Perils policy and a
wider Property “All Risks” policy.
Business Interruption
Insurance
Business Interruption insurance
(also known as Loss of Profits or
Consequential Loss insurance) covers
the loss of profits and additional
expenses that a business suffers if it
has to temporarily close or curtail it’s
operations following damage to the
business premises. Whilst Material
Damage insurance will cover the
cost of rebuilding and replacing
damaged property, many businesses
will find it difficult to survive a severe
loss of income resulting from a serious
fire, hurricane or other disaster. The
intention of a Business Interruption
policy is to put the business in the
same financial position it would
have been in if no loss had occurred,
provided of course that the selected
Sum Insured is adequate.
Business Interruption insurance is not
sold as a policy by itself and must
be arranged in conjunction with a
Material Damage Policy.
Home Insurance
Your Home, Buildings and Contents
are covered against damage by
a very wide range of perils namely
Fire, Lightning and Smoke, Explosion,
Earthquake or Volcano, Storm or
Flood, Hurricane, Tropical Storm
or Tornado, Subsidence, Heave or
Landslip, Escape of Water or Oil,
Riot, Strike or Labour Disturbance,
Malicious Persons or Vandals, Theft
or Attempted Theft, Vehicles, Animal
or Aircraft Collision, Falling trees or
branches and Accidental Damage.
In the event of a claim for damage
to Buildings you can claim for the
cost of rebuilding whilst Contents
claims are settled on a replacement
“as new” basis (other than clothing
and linen), providing of course
that the selected Sum Insured is
adequate and subject to deduction
of the policy Deductible.
Public & Products
Liability Insurance
Public Liability insurance protects
you against liability at law for
damages and claimant’s costs and
expenses in respect of or arising out
of:
a) accidental injury to persons
b) accidental damage to
tangible property
c) obstruction, trespass, nuisance,
wrongful arrest or interference
with any right of way, light, air
or water
The policy provides protection
against claims made in the
Courts of the territory in which
the policy is issued for injury or
damage happening within the
Geographical Limits.
With Caribbean Alliance
Insurance your
Tomorrow is Secured.
www.caribbeanalliance.com
Employer’s Liability /
Workman’s Compensation
Insurance
Employers Liability insurance
protects you against your common
law liability for injury to employees.
In addition to covering the cost
of claims and claimants cost, your
own legal costs and expenses
are included. In territories where
Workmen’s Compensation
legislation applies, a wider policy
cover is issued including workmen’s
compensation payments to cover
matters arising out of and in the
course of employment.
Motor Insurance
Caribbean Alliance can insure both
Private and Commercial Vehicles
with options of Comprehensive or
Third Party cover.
Third Party Policies protect you
against your liability for injury to
passengers or pedestrians, and for
damage to third party property.
Where the policy is in the name of
an individual the Policyholder is also
covered to drive other vehicles not
owned or hired by him/her. There is
no cover for any damage to your
own vehicle.
Comprehensive Policies include
full Third Party cover (as above),
and extend to include the cost of
replacement or repair of your own
vehicle in the event of accidental
damage, fire or theft. Accidental
damage includes damage by
hurricane, earthquake, flood,
lightning or other “acts of God”.
Contract Works
Insurance
Caribbean Alliance is a leading
provider of Contract Works insurance
in the Region, providing protection
for individuals building their homes
through to leading contractors
involved in major projects.
Yacht &
Pleasure Craft
We provide comprehensive
coverage for yachts and pleasure
craft in a plain-English format.
Coverage includes windstorm
on a full-year basis, without the
requirement that vessels move
to southerly latitude during the
hurricane season.
There are a range of insurance
policies for the protection and
security of private recreational boat
owners and commercial operators.
Make the
Intelligent Choice
Across the Caribbean.
Montserrat
HEAD OFFICE
St. Maarten
VIEUX FORT
BAYWALK
SIMPSON BAY
PROVIDENCIALES
Caribbean Alliance Insurance Antigua Head Ofce
Caribbean Alliance Insurance Branch Ofces
Caribbean Alliance Insurance Representive Agents
BRADES
Montserrat
HEAD OFFICE
St. Maarten
VIEUX FORT
BAYWALK
SIMPSON BAY
PROVIDENCIALES
Caribbean Alliance Insurance Antigua Head Ofce
Caribbean Alliance Insurance Branch Ofces
Caribbean Alliance Insurance Representive Agents
BRADES
Montserrat
HEAD OFFICE
St. Maarten
VIEUX FORT
BAYWALK
SIMPSON BAY
PROVIDENCIALES
Caribbean Alliance Insurance Antigua Head Ofce
Caribbean Alliance Insurance Branch Ofces
Caribbean Alliance Insurance Representive Agents
BRADES
Head Office Antigua
Caribbean Alliance Insurance Co. Ltd.
Caribbean Alliance House
Cnr. Newgate & Cross Streets
St. John’s, Antigua
T: +1 (268) 484-2900
F: +1 (268) 481-2949
E: enquiries@caribbeanalliance.com
Falmouth Harbour Branch
Antigua Yacht Club Marina
Commercial Centre
Falmouth Harbour, Antigua
T: +1 (268) 484-2967 / 8
E: enquiries@caribbeanalliance.com
www.caribbeanalliance.com
Executive Management
Ernest Letby
Chairman
Alistair Letby
Managing Director
Alistair[email protected]
Brian Bitter
Director
Brian.Bitter@caribbeanalliance.com
David Kinnell
Director
[email protected]
Johanna Harvey
Company Secretary/Legal Director
Johanna.Harvey@caribbeanalliance.com
Key Personnel
Jeremy Jarvis
Financial Controller
Jeremy.Jar[email protected]
Gregory Manners
Operational Systems Manager
Gregory.Manner[email protected]
Adrien Zachariah
Manager, CSD - Antigua
Adrien.Zachar[email protected]
Michael Robertson
IT Manager
Michael.Robertson
@caribbeanalliance.com
Andre Pigott
Business / Information Analyst
Andre.Pigott
@caribbeanalliance.com
Noel Benjamin
Risk & Compliance Officer
Noel.Benjamin
@caribbeanalliance.com
Orrin Hampson
Facultative Reinsurance Supervisor
Orrin.Hampson@caribbeanalliance.com
Techesa Charles
Internal Auditor
Techesa.Char[email protected]
Edwin Ambrose
Underwriting Manager - Leeward Islands
Edwin.Ambrose
@caribbeanalliance.com
Nircree Mills-Jno Baptiste
Underwriting Manager - Windward Islands
[email protected]
Regional Branches
Bahamas
Caribbean Alliance Insurance Co. Ltd.
Annex, Bahamas Realty Building
East Bay Street
P.O. Box SS-19368, Nassau, Bahamas
T: +1 (242) 393-1854 or 698-7710
E: [email protected]
Cayman Islands
Caribbean Alliance Insurance Co. Ltd.
#203 Alissta Towers, 85 North Sound Road
P.O. Box 1762, Grand Cayman KY1-1109
T: +1 (345) 949-9744
E: [email protected]
Dominica
Caribbean Alliance Insurance Co. Ltd.
11-2 Goodwill Road, Pottersville
P.O. Box 105, Roseau, Dominica
T: +1 (767) 449-2242 or 295-3126
F: +1 (767) 440-8219
E: Candy[email protected]
Montserrat
Caribbean Alliance Insurance Co. Ltd.
P.O. Box 416, Brades, MSR1110, Montserrat, B.W.I.
T: +1 (664) 491-4000
F: +1 (664) 491-4999
E: Kendrea.T[email protected]
St. Maarten
Caribbean Alliance Insurance Co. Ltd.
Miss Lalie’s Commercial Center
Bush Road #26, Unit 1.7, Philipsburg, Cul de Sac
St. Maarten, D.W.I
T: +1 (721) 545-5860 / 61
E: [email protected]
Caribbean Alliance Insurance is represented in 15 Caribbean Territories covering the Leeward Islands,
the Windward Islands and the Northwestern Caribbean.
HEAD OFFICE AND REGIONAL BRANCHES
www.caribbeanalliance.com
AGENTS
Regional Agents
Anguilla
D-3 Enterprises Ltd.
Caribbean Commercial Center, P.O. Box 1377
The Valley, Anguilla, AI-2640
T: +1 (264) 497-3525 / 5526 / 5325
U.S. T: +1 (305) 482-6418
F: +1 (268) 497-3526
E: inf[email protected]
Island Insurance Ltd.
South Hill, P.O. Box 1254, The Valley
Anguilla, AI 2640
T: +1 (264) 498-4853
F: +1 (264) 498-4852
E: island.insure@yahoo.com
Barbados
BGI Insurance Agents Ltd.
River Road, Bridgetown, St. Michael, Barbados
T: +1 (246) 417-1060
F: +1 (246) 429-5491
E: inf[email protected]
Grenada
Richard McIntyre Insurance Agents Ltd.
Melville Street, P.O. Box 361, St. Georges
Grenada
T: +1 (473) 440-3753 / 54
F: +1 (473) 440-6634
E: [email protected]
St. Kitts & Nevis
Delisle Walwyn & Company Ltd.
Liverpool Row, P.O. Box 44, Basseterre, St. Kitts
T: +1 (869) 465-2631
F: +1 (869) 466-4450
E: insurance@delislewalwyn.com
Delisle Walwyn & Company Ltd.
Hunkins Building, P.O. Box 80
Waterfront, Charlestown, Nevis
T: +1 (869) 469-5303
F: +1 (869) 469-0136
E: nevis@delislewalwyn.com
St. Lucia
Saint Lucia Insurances Ltd.
48 Micoud Street, P.O. Box 1084
Castries, St. Lucia
Castries T: +1 (758) 458-7900
Castries F: +1 (758) 452-2240
Vieux Fort T: +1 (758) 458-7930
Vieux Fort F: +1 (758) 454-8574
Baywalk T: +1 (758) 458-7950
Baywalk F: +1 (758) 458-4513
E: inf[email protected]
St. Vincent & The Grenadines
Haydock Insurances Ltd.
Granby Street, P.O. Box 1179
Kingstown, St. Vincent & The Grenadines
T: +1 (784) 457-2903
F: +1 (784) 456-2952
E: haydock@vincysurf.com
Tortola
Caribbean Insurers Ltd.
P.O. Box 129, Road Town, Tortola VG 1110
British Virgin Islands
T: +1 (284) 494-2728
F: +1 (284) 494-4393
E: info@caribbins.com
Virgin Gorda Office: Walts Building
Virgin Gorda Tel: +1 (284) 495-5020
Turks & Caicos
The Insurance Centre (TIC)
Regent Village, Unit H203, Gracebay
Providenciales, Turks & Caicos Islands
T: +1 (649) 941-4814
F: +1 (649) 946-5593
E: tony[email protected]
www.caribbeanalliance.com
Make the
Intelligent Choice
Across the Caribbean.
HEAD OFFICE
Caribbean Alliance House, Cnr. Newgate & Cross Streets
St. John’s, Antigua, West Indies
T: +1 (268) 484-2900
E: [email protected]
www.caribbeanalliance.com