With the cutting of an unusually large glaze cake, adorned in the Nagico Insurance logo colours- green and white, the company marked a milestone as they celebrate 30 years of existence in the largest ever Customer Appreciation Day, during a ceremony at the Lyme on Thursday, September 6.
In attendance were several Government Ministers and officials; including the Honourable Premeir, Mr. Ruenben T Meade and the Honourable Financial Secretary Mr. John Skerritt who commended the Company for their many years of service to the community.
Premier Meade said in his brief remark, “When you look at the recent history of insurance and the OECS (Organization of the Eastern Caribbean States), NAGICO seems to be one of those companies that is a rock solid company,” he said.
“Montserrat has gone through the debacle of CL Financials and all of the issues that are pertaining thereto, as a consequence, the OECS governments have taken the decision that insurance companies will be more closely monitored but I know in the case of NAGICO, you are almost self-monitored.”
Meanwhile CEO of Nagico, Imran McSood-Amjad, stationed in St Martin, join in the celebration. In his speech at the ceremony he assured the locals of the company’s commitment to the island and the social development of the community.
He boasted of the company’s 99% employment of Caribbean nationals and their contribution to the success of the company while encouraging locals and Caribbean people in general to believe in the expertise of Caribbean people and their ability to produce high quality, high standard work.
In a show of their commitment to social development within the island Nagico made monetary donations to three non-profit organizations which include: the Montserrat Diabetes Foundation, The Montserrat Festival Committee and the Montserrat National Spelling Bee Foundation.
At the end of the ceremony the audience was treated to lunch and souvenirs. They also had the opportunity to talk with Mr. Amjad-McSood, and local representatives of Nagico Insurance Mrs. Judith Greer, Mrs. Yvette Ryan and other representatives.
Nagico Insurance Company started in 1982 as an insurance company in St. Martin and has serve the Montserrat market for 15 yrs to present. Today Nagico ranks among the biggest insurance companies in the region and is the largest privately owned insurance group in the Caribbean. Nagico is the third largest general insurance provider and the second largest Premium income group in the region. Today they operate in 19 teritories. The group is expected to open a new office in Grenada.
