A Look at our Past
The GTM Insurance Company Limited was born from the Trinidad Fire Insurance Company Limited Mutual and Co-operative which was established in 1904. After going through a series of changes, the company was renamed as GTM on February 7th, 2003 and continues to be licensed under the Insurance Act of Trinidad and Tobago to write Motor Property and Casualty insurance business. On October 5th, 2011 the company was purchased by the largest privately owned regional insurer National General Insurance Corporation N.V, (NAGICO Insurances).
Our Present Outlook
NAGICO is AM Best rated at B++ (Good) and has been operational since February 1982. Since then, NAGICO has expanded from just 1 office in St. Maarten to 18 territories across the region (and growing), has written premium income of over USD 115,000,000 and has the best catastrophe reinsurance protection plan in the region.
A huge part of our success is based on our proactive, innovative corporate culture. NAGICO's custom-built insurance management software (IMS), Insurance Pro 2.0, is a prime example. Developed with latest in cutting-edge Microsoft technology, Insurance Pro allows us to deliver the fastest turn-around time to our customers and manage and monitor the many moving parts of our operation while seamlessly extending the same support and capabilities to our many agents and brokers.
In the recent past, in an effort to guarantee better service and efficiency, we've created 'Centers of Excellence' – strategic groupings of NAGICO islands based on geographical proximity. We've assigned direct responsibility for these 6 COE's to various Executives tasking them to guarantee all-round 'Excellence'.
A Look to Our Future
2012 marks NAGICO's 30th year in business. We're proud that NAGICO has, in such a relatively short space of time, become a leader in Caribbean insurance.
The expansion continues. In keeping with our driving focus to become the leading general insurance company in the Caribbean, NAGICO is seeking to expand into the southern and western Caribbean in the short- to medium-term through a combination of strategic acquisitions and organic growth.
Another growth area for NAGICO is the Group Life and Health business. We're steadily expanding this line, offering our outstanding NAGICARE policy to more and more markets.
At NAGICO, we believe that our future is bright.