New insurance agency launched in Barbados

Two strong regional financial institutions have partnered to launch a new product in the market.

 

It was recently announced that Massy United has partnered with CIBC FirstCaribbean International Bank to facilitate the provision of insurance products to all CIBC FirstCaribbean customers across the region. The general insurance programme has been officially launched in Barbados to be followed in the near future by other Caribbean territories.

 

At the launch of the new insurance agency at the Warrens Banking Centre, Donna Wellington, Managing Director, Barbados Operating Company, CIBC FirstCaribbean highlighted, “The launch of CIBC FirstCaribbean Insurance is yet another tangible demonstration of the bank’s commitment to offering innovative products and services aimed at furthering enhancing our customer experience.”

 

Mark St. Hill, Managing Director Retail, Business & International Banking believes that this move begins a new era for CIBC FirstCaribbean by establishing an insurance agency offering Home and Auto Insurance facilitated through Massy United Insurance. 

 

“We believe that with our strong brand, branch network and cadre of sales staff, we are confident that our two formidable organisations will capitalize our synergies, which will translate into an unprecedented and differentiated level of service to our customers across the region. In doing so we are meeting long expressed needs of our customers for a hassle–free, responsive service that makes the claims process easy and efficient ….” he said.

 

Mark Sommerville, Chief Commercial Officer, Massy United Insurance, indicated, “There was no hesitation to link with the Bank in this venture as it is in keeping with our corporate philosophy to engage partners who share our values and ideals and aim to pursue service excellence … Our A-Excellent rating by AM Best, the foremost rating agency for insurance companies worldwide, was affirmed for the 11th consecutive year. This is a testament to our ability to assist in swift recovery form any unplanned environmental or fiscal threat.

 

During this challenging economic environment, insurance coverage is imperative to safeguard against the unexpected. Seeking sound insurance advice from a trusted provider can be integral to the continued financial well-being of homeowners and new vehicle owners. With the coming together of the strong brands of Massy United Insurance and CIBC FirstCaribbean, the bank’s customers can be confident that their future is secure.”

 

The New Home & Auto Insurance protection plan is available at any branch and Paul Inniss, Associate Director, Insurance described it as competitive, affordable pricing, reliable …..(NB)