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News

April 2nd, 2019
Hurricane 2017: Insurance Co.’s faced brunt of complaints – FSC Deputy Director

ROAD TOWN, Tortola, VI - The relationships between companies in the Virgin Islands (VI), the Financial Services Commission (FSC) and Local Banks, post-2017 hurricane season were questioned at the recent “Money Matters” forum which sought to bring to light, issues which affected policyholders.

April 1st, 2019
Insurance companies buy insurance too - Kishma A. Baronville

ROAD TOWN, Tortola, VI - General Manager of Colonial Insurances, Ms Kishma A. Baronville has unveiled that insurance companies buy coverage from other insurance companies around the world, and thus, this makes it impossible for there not to be a rise in premiums to policyholders.

January 29th, 2019
Hon Fahie launches attack on Local Insurance Companies

CAPOON'S BAY, Tortola, VI – Chairman of the Virgin Islands Party (VIP), Hon Andrew A. Fahie (R1) is putting local insurance companies on check over what he deemed an 'insurance scam' served to locals following Hurricanes Irma and Maria of 2017.

January 8th, 2019
Another opportunity to help!

By Donald E. de Castro

It is very unfortunate when one is unable to see beyond the palm of their hand. It is worst when leaders of an organization and especially a government that cannot see the need for protecting their own.

November 28th, 2018
Gov’t accepts $400K insurance claim for damaged 'Fishing Complex'

BAUGHERS BAY, Tortola, VI - The Government of the Virgin Islands (VI) has decided to accept $400,000, a settlement offer from NAGICO Insurance, to be accepted in full discharge of all claims made by the BVI Fishing Complex.

February 6th, 2018
Banks already have buyers lined up to purchase property in default- Hon Christopher

ROAD TOWN, Tortola, VI - During the Fifth District Recovery and Development Plan public consultation meeting held at Althea Scatliffe Primary School on February 5, 2018, Fifth District Representative Honourable Delores Christopher pleaded with the Premier and Minister of Finance, Dr The Honourable D. Orlando Smith (AL), to investigate banks that are selling people's properties who cannot pay for them quickly enough.

January 10th, 2018
Using BVI-NPI to rescue us from non-functional insurers

Alred C. Frett

Crawling or Stepping into the New Year:

A brand-new year but the old wounds linger - With no New Year Fireworks in the Road Harbour, our National Hero, Noel Lloyd, lying broken and prostrate in a desolate and powerless Park and so many signs that our People still need all the help they can get, it is a glimmer of positivity to be told that some of the Easements we said would aid in the recovery of our Territory have finally been granted.

September 14th, 2017
Peak Re, Fosun & NAGICO to support restoration in Caribbean

ROAD TOWN, Tortola, VI- At this time of unprecedented devastation across a wide swath of the Caribbean, and with another powerful storm looking as though it might reprise the damage and disruption of Hurricane Irma, our thoughts and prayers are with the people affected in this terrible event, and those who are safe elsewhere worrying about their loved ones in the islands.

September 5th, 2017
‘Take this storm seriously’ – Shan Mohamed

ROAD TOWN, Tortola, VI- With Irma forecast to hit the Territory as a destructive Category 5 hurricane on Wednesday September 6, 2017, Nagico Insurance BVI is urging residents, customers or not, to take the warnings seriously and take all the necessary preparations to prevent loss of lives, limbs and property.

August 27th, 2015
‘We need to challenge big banks for better protection of funds’ – Doug Wheatley

ROAD TOWN, Tortola, VI – Radio talk show host Douglas Wheatley believes that the various governments of the Virgin Islands should have dealt more strongly with the question of deposit insurance for banks operating here.

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