Insurance
Insurance
CGM Gallagher Group( CGM) is the Caribbean” s largest insurance brokers, handling over US $ 150 million in premiums, and provides five-star insurance services through its offices in Antigua, Barbados, Dominica, Grenada, Jamaica, St. Kitts and Nevis, St. Lucia, and St. Vincent. CGM is also licensed to provide insurance services in Anguilla, and has correspondents in Aruba, Bonaire, Curacao, Guyana, Haiti, Suriname, and Trinidad and Tobago.
The current CGM Group, employs over 160 people. The latest available annual report( 2013) from CGM’ s website states that revenue rose by approximately US $ 2.75 million from the $ 10.1 million earned in 2012, which is a healthy increase of over 25 %, and that the net income( post tax) rose by almost 50 % from US $ 1.3 million to US $ 1.9 million. These figures clearly indicate why CGM is expanding and has continued to develop through 2015.
CGM also operates CaribRM, which is the facility supervisor of an insurance partnership between CARICOM and the World Bank, constituting the world’ s first multigovernment regional catastrophe insurance facility, known as the Caribbean Catastrophe Risk Insurance Facility.
The CGM Group comprises seven companies and specialises in the brokerage of different types of risk management, insurance, and reinsurance.
Through C G M
PHOTO: TONY MCQUILKIN
58 www. businessgrenada. com
Tricia Martin- CGM’ s Account Executive