Welcome to NAGICO Insurances, the largest privately-owned general insurance company in the region. NAGICO has operations in over 21 territories including the Dutch, English and French Caribbean. We are using your location to direct you to our website in your area. Please select a different location, if you have been located incorrectly.
NAGICO is backed by a suite of the world’s largest and strongest reinsurers, each of whom maintains a rating of at least A- from AM Best or Standard & Poors. NAGICO’s powerful reinsurance panel includes the likes of Swiss Re, Hannover Re, Munich Re, Partner Re, Peak Re and a number of Lloyds Syndicates; together the equity of these entities equate to well in excess of $125 billion US Dollars.
Since the passage of hurricanes Irma and Maria, NAGICO’s robust reinsurers have responded without hesitation. They have made substantial reinsurance recovery payments to NAGICO, amounting to more than $250 million US Dollars thus far, and NAGICO in turn has been steadily settling and paying its policyholder’s claims across the region. Peak Re, A- Excellent rated by AM Best with almost $1 billion US Dollars in equity, a 50% shareholder of NAGICO, has provided exceptional support to the regional insurance group. Peak Re has paid in full its portion of the gross loss caused by the two powerful CAT-5 storms to NAGICO.
“Based on NAGICO’s projected payment schedule, we are in the process of transmitting further reinsurance recoveries to NAGICO from their Catastrophe Excess of Loss Reinsurers.” said NAGICO’s reinsurance broker Thompson Heath & Bond Limited (THB). NAGICO expects to receive another $150 million US Dollars within short order from its reinsurers as it continues to settle the greater than 12,000 claims it has received.