Got TIPS or BREAKING NEWS? Please call 1-284-442-8000 direct/can also WhatsApp same number or Email ALL news to:newsvino@outlook.com;                               ads call 1-284-440-6666
Press Release From Independent Source

Peak Re investment strengthens NAGICO as leading Caribbean insurer

NAGICO Holdings Limited (NAGICO), has strengthened its position as the leading insurance provider in the Caribbean with the finalisation of a 50% strategic investment from Peak Reinsurance Company Limited (Peak Re), the Hong Kong based global reinsurer. Photo: Provided
ROAD TOWN, Tortola, VI- NAGICO Holdings Limited (NAGICO), has strengthened its position as the leading insurance provider in the Caribbean with the finalisation of a 50% strategic investment from Peak Reinsurance Company Limited (Peak Re), the Hong Kong based global reinsurer.

Following its announcement in July last year, the transaction has received all the necessary regulatory and shareholders' approvals.

The investment provides NAGICO with attractive new growth opportunities throughout the Caribbean, adds financial strength which further solidifies and increases its underwriting capacity, and also provides additional value to its brand as one of strongest insurers throughout the Caribbean.

"We see this as a great security for NAGICO's clients, as it is a powerful partnership with a strongly capitalised international reinsurer," said Imran McSood Amjad, Chairman of the NAGICO Group.

"We look forward to Peak Re's contribution to NAGICO and our clients through effective reinsurance and stronger investment and asset management. NAGICO is well known for its outstanding service to clients and this is something echoed in Peak Re's profile. It will be a win-win partnership for everyone."
This strategic investment provides Peak Re with attractive growth prospects in the Caribbean region and is in line with the reinsurer's strategy to diversify its portfolio globally.

The acquisition also ties in with Peak Re shareholder International Finance Corporation's (IFC) strategy, which is committed to strengthening insurance industry development in emerging and developing countries and regions such as the Caribbean.

Franz Josef Hahn, Chief Executive Officer of Peak Re, said, "We are delighted that all regulatory approvals are now in place and that NAGICO can play a significant part in Peak Re's strategy moving forward. NAGICO is particularly well-suited for spreading our portfolio risk as its strong focus on the Caribbean provides us with broad access to a region to which we have had little exposure to date. I am confident that this acquisition will offer mutual benefits to both Peak Re and NAGICO, as well as our clients."

Peak Re recently announced an increased its shareholder funds by $100 million to $816.9 million to support its growth.

Peak Re's gross written premiums for the first half of 2016 were $274.4 million, a 54 percent increase, up from $177.7 million for the same period in 2015.

The Company is backed by Fosun International Limited, a leading investment group taking roots in China with a global foothold, and the International Finance Corporation ("IFC"), a member of the World Bank Group focusing on private sector development.

Peak Re is rated "A-" by A.M. Best, a leading international insurance industry credit rating agency.

43 Responses to “Peak Re investment strengthens NAGICO as leading Caribbean insurer”

  • Kathy Miles (16/09/2016, 08:36) Like (0) Dislike (0) Reply
    According to your article and the source essay writer online , this investment will allow NAGICO to have an attractive new growth opportunities throughout the Caribbean. Moreover, it provides financial strength and increases its underwriting capacity. I completely support this investment as well.
  • kathybrunt (13/04/2017, 04:43) Like (0) Dislike (0) Reply
    Good work wade as the white owned companies getting away with not paying management assignment uk millions and ndp here taxing the poor man
  • Sonia (22/04/2017, 07:37) Like (0) Dislike (0) Reply
    Finding the cheap airport transfers can be extremely troublesome nowadays particularly when you consider the a large number of administrations that are promoting themselves on the web. Try not to be taken in by false administrations in any case.
  • Ellie malan (24/04/2017, 05:33) Like (0) Dislike (0) Reply
    I'm wanting to see the Write My Essay For Me Cheap, same high-review blog entries from you later on also. Actually, your exploratory writing capacities has motivated me to get my own particular site now. On the off chance that you are searching for any composition related help then visit this you can show signs of improvement assistance from the expert scholars.
  • titanium backup download (21/05/2017, 07:41) Like (0) Dislike (0) Reply

    titanium backup download is the best app for backing up your devices. There is always a risk of losing important information while using a cellphone

  • viva video for pc (26/05/2017, 05:10) Like (0) Dislike (0) Reply
    Have you ever wondered which one is the best app for video editing that comes with the filters, stickers, and audio adding facilities? Viva Video Apk for Android users is one of the best video editing application tool available to download. viva video app

  • es file explorer apk (13/06/2017, 03:17) Like (0) Dislike (0) Reply
    How important are plugins when you are on the internet and are involved in some seriously critical stuff like online transaction or something? Wait, do you even know what plugins are and if they really got any importance in them file explorer
  • Kik login online (20/06/2017, 00:46) Like (0) Dislike (0) Reply
    There are times when we don’t want to use our iPhone or Android and need to speak to our friends using KIK for PC. kik For PC
  • asdasdasd (21/08/2017, 07:59) Like (0) Dislike (0) Reply
    asdasd
  • download vivavideo app (21/09/2017, 02:18) Like (0) Dislike (0) Reply
    Viva Video is the most popular video editing and slideshow making app in the app market. Available for free over iOS AppStore and android PlayStore, this app has won over the hearts of millions of its users. viva video app download
  • This is a to a splendid degree illuminating article. I in addition concur with your post title and your really well light up your perspective. I am staggeringly overflowing to see this post. A dedication of appreciation is all together for share with us. Keep it up and share the all the more most related post.

    Magnificent work!
  • Gracie Willow (04/11/2017, 02:38) Like (0) Dislike (0) Reply
    Its not wrong at all to say investment basically a myth which can't be change suddenly, Nagico currently a leading Caribbean insurer but to reached out here they have faced tremendous amount of struggle and pain like purchase coursework have done in the start of their online service providing business..
  • Henry Carter (11/11/2017, 01:11) Like (0) Dislike (0) Reply
    You must have to investigate before investing your money because lots of insurance companies are spam and doing too much fraud. Dissertation Help Online is also best place where you can give us the order of dissertation writing.
  • Cerys Perry (14/11/2017, 00:09) Like (0) Dislike (0) Reply
    I have lost finish inspiration and I am so frustrated with myself for releasing myself wild. In any case, in the wake of running over this blog, I have an inclination that it is the main blog that I can really identify with and get it Write My Essays.
  • Ben (08/12/2017, 07:11) Like (0) Dislike (0) Reply
    read the article and Buy the best radar detector of the year
  • panistefanin (17/01/2018, 07:53) Like (0) Dislike (0) Reply
    Thank you for your work on the blog! You're doing a good job! I would like to read about it anymore. Prompt, what literature to study?
    192.168.o.1

  • almahernandez (01/02/2018, 08:46) Like (0) Dislike (0) Reply
    The name Caribbean is named after the Caribs, one of Pay to Do my Essay for me the predominant Amerindian bunches in the locale at the season of European contact amid the late fifteenth century. The practically equivalent to West Indies starts from Christopher Columbus' thought that he had arrived in the Indies at that point meaning all of south and east Asia when he had really achieved the Americas.
  • Angelica  Mandy (21/02/2018, 05:40) Like (0) Dislike (0) Reply
    The government also triggers private investment In the heating market, the purchase of renewable energy systems is promoted by the Market Incentive Programme MAP. This includes heat pumps, solar panels or wood heaters. Each MAP-funding euro leads to around 8 Euros in additional investment. The funding creates added-value locally from which the economy as whole benefits Essay writing services uk income, jobs, and tax revenue is generated. Apart from plant operators, small and medium-sized suppliers local crafts private citizens as well as the agriculture and forestry sectors benefit.
  • Assignment Help (28/10/2019, 01:08) Like (0) Dislike (0) Reply
    Provide the Assignment Help online support service. Expert writers of US assignment who will help you by providing good high-quality essay help and other assignment assistance services.
  • Jhon Roy (24/11/2020, 04:03) Like (0) Dislike (0) Reply
    I haven’t any word to appreciate this post.....Really i am impressed from this post....the person who create this post it was a great human..thanks for shared this with us.
    Samsung Space SR75 4K Monitor Review
  • linneajohnn (08/03/2021, 12:24) Like (0) Dislike (0) Reply
    We provide assignment helper Australia all over Australia. You can completely rely on them as they studied at famous universities in Australia. They are very well aware of the standards for your university and your syllabus. Our experts know what is important for your assignment or what not? They do not only help with assignment writing but also give some useful suggestions to make your career better. We can make you sound like a pro so, reach out to us soon.
  • miely (11/03/2021, 05:54) Like (0) Dislike (0) Reply
    when you are using public wifi you have to careful with your connection. VPN is most require to protect online privacy. here you can get the Unlimited VPN for Windows with the help of a VPN you can protect your server.
  • Will smith (16/03/2021, 03:17) Like (0) Dislike (0) Reply
    Thanks for sharing nice information with us. Well written blog use torrent for downloading movie

  • dissertation help (22/04/2021, 01:27) Like (0) Dislike (0) Reply
    Assignment help Australia helps you find the expert dissertation help who can get you stress-free at nominal rates. The super quality yet affordable help is provided by our PhD qualified writers. From gathering accurate information to compiling the entire research, the experts dedicate their quality time to this critical task. With years of experience, the professional finish the months taking task into few days.
  • perdisco worksheet (07/05/2021, 04:50) Like (0) Dislike (0) Reply
    Myperdiscohelp.com is now offering perdisco worksheets to every student at a very cheap and affordable price. Perdisco worksheet We are available 24/7 round the clock and with our service and help, you are guaranteed to get an A+ grade in all of your assignments and subjects.
  • Math Assignment Writer (14/06/2021, 15:16) Like (0) Dislike (0) Reply
    Math assignments are arguably the toughest assignments of all. Only a handful of gifted students are capable of working on math assignments completely on their own. The period that is given to craft a math assignment is too short. Math Assignment Help has recruited the best math tutors of the USA who are experts on specific topics or subfields of mathematics.

    Math Assignment Help
  • luciemartin (23/06/2021, 05:15) Like (0) Dislike (0) Reply
    I don't like writing at all. It's so complicated task and I usually need help. It's great that I have contacts of https://essaysworld.net/superb-essay-writing-service
    This is the perfect writing service for me.
  • brownkriss (01/10/2021, 08:42) Like (0) Dislike (0) Reply
    It is not hard to come across companies that offer professional safety surfacing installation and maintenance services in Idaho. With a single Google search, you will discover that so many brands will pop up.

    safety surfacing idaho
  • Emily (05/01/2022, 08:40) Like (0) Dislike (0) Reply
    Great! We will be connecting to this enormous post on our site. Continue the good writing.


    spot welding michigan
  • powergenx (24/03/2022, 04:13) Like (0) Dislike (0) Reply
    Having a secure job enables you to pay bills and live, as well as avoid expensive doctor/hospital visits
    Boosts your self-confidence, improves your sex life, and gives you the opportunity to be there when you are needed.
    Development of your mindset: Promotes optimism and energy and helps you think more clearly.
    Neglecting or not taking your health seriously will make your life more difficult.
    one science protein
    one science nutrition
  • Jacson (20/05/2022, 02:34) Like (0) Dislike (0) Reply
    Hey thanks for sharing the valuable information about the investments with us. Your news is always on point.
  • rehem (08/11/2022, 04:03) Like (0) Dislike (0) Reply
    it is very impressive and informative content good work keep it up
    lean six sigma texas
  • Maria (13/01/2023, 06:32) Like (0) Dislike (0) Reply
    Its a great pleasure reading your post.Its full of information I am looking for and I love to post a comment that "The content of your post is awesome" Great work. juju hats
  • carson zann (14/04/2023, 09:22) Like (0) Dislike (0) Reply
    Carson Zan Hughes goes into the deepest well of his imagination in this spellbinding book, The Hero of Stramica. This story revolves around several characters that are trying to survive and make peace. It is a blend of conflict between the nations of Yaldrea and Luclaria that creates engaging action sequences and thrill. The scenes of the story are well-versed and connect with each other. Once you read the first few pages of this book, it is hard to keep it down.
  • Judy Koch (05/05/2023, 06:10) Like (0) Dislike (0) Reply
    Thanks for this post Google
  • Pink Kumar (02/06/2023, 05:26) Like (0) Dislike (0) Reply
    I truly thank you for the significant data on this incredible subject and anticipate more awesome posts. You're the best to enjoy this excellence article with me. I am welcoming it all that much! Anticipating another awesome article. Good fortunes to the creator! All the best!
    importance of discipline in students life
  • Melissa Tagliatela (02/06/2023, 08:45) Like (0) Dislike (0) Reply
    Melissa Tagliatela is a German author, best known for her book Anna und Inge, a romantic fantasy story of Anna und Inge, two women who discover love after suffering from broken marriages. Her book effortlessly takes the readers on an emotional journey about heartbreak, friendship, and love. Despite their obstacles, they manage to pursue a life filled with endearment and joy. Set in Cape Sounion in Greece, the friendship story by Melissa Tagliatela leaves the reader with intense fervor.

  • andrewmartin01 (08/09/2023, 09:04) Like (0) Dislike (0) Reply
    If you're seeking MBA assignment help from academic experts, you're on the right track to excel in your studies. Our team of experienced professionals is ready to assist you in crafting high-quality assignments that meet the rigorous standards of MBA programs. Whether it's case studies, research papers, or business plans, our experts possess the knowledge and skills to deliver top-notch work. We understand the importance of deadlines and academic excellence, and we are committed to providing you with well-researched, original, and impeccably written assignments. With our assistance, you can focus on your studies and career development, knowing that your assignments are in capable hands.




  • seo service UK (04/10/2023, 06:30) Like (0) Dislike (0) Reply
    Marketing1on1 is surely an website marketing company which will help webmasters to control their online promoting campaigns seo service UK
  • jamesgreat44 (07/10/2023, 07:42) Like (0) Dislike (0) Reply
    Sure, I can help with that! If you're in need of a PHP Assignment Helper, look no further. Our team of experienced developers can assist you in tackling your PHP assignments. Don't hesitate to reach out for support with coding, debugging, or any PHP-related questions you may have. Let's ace those assignments together!

    Thanks For Reading This!
  • henrywatson850 (18/11/2023, 04:47) Like (0) Dislike (0) Reply
    Thank you for sharing with us your valuable article. Like you, We are also here to promote my website organically and want to reach students to share information and value. If I talk about our website then I would like to say that we have an education-related website and the name is Assignment Help Pro. we provide assignment-related help and guidance for students to complete their assignment-related tasks if you are also one of those who needs help then contact us from our Online Assignment Help Service.


Create a comment


Create a comment

Disclaimer: Virgin Islands News Online (VINO) welcomes your thoughts, feedback, views, bloggs and opinions. However, by posting a blogg you are agreeing to post comments or bloggs that are relevant to the topic, and that are not defamatory, liable, obscene, racist, abusive, sexist, anti-Semitic, threatening, hateful or an invasion of privacy. Violators may be excluded permanently from making contributions. Please view our declaimer above this article. We thank you in advance for complying with VINO's policy.

Follow Us On

Disclaimer: All comments posted on Virgin Islands News Online (VINO) are the sole views and opinions of the commentators and or bloggers and do not in anyway represent the views and opinions of the Board of Directors, Management and Staff of Virgin Islands News Online and its parent company.