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‘We did not copy Nagico’s car sale’ – CIL’s Simone T. Monsanto

- said that their event was planned months before but travelling schedules led to Saturday’s date being settled upon
Director at Caribbean Insurers Limited Simone T. Monsanto told this news site on Saturday December 5, 2015 that the car sale hosted jointly by her company and Banco Popular was not in response to the car sale event the weekend before on November 28, 2015. Photo: VINO
Speculation was rife by persons and on social media that the car sale was in direct response to the onslaught of media attention which centred on new car dealer Tortola Auto Group, now the official distributors of Hyundai vehicles of South Korea. Photo: VINO
Speculation was rife by persons and on social media that the car sale was in direct response to the onslaught of media attention which centred on new car dealer Tortola Auto Group, now the official distributors of Hyundai vehicles of South Korea. Photo: VINO
At right is Director at Caribbean Insurers Limited Simone T. Monsanto with a member of the team from Burke's Garage. Photo: VINO
At right is Director at Caribbean Insurers Limited Simone T. Monsanto with a member of the team from Burke's Garage. Photo: VINO
ROAD TOWN, Tortola, VI – Director at Caribbean Insurers Limited Simone T. Monsanto told this news site on Saturday December 5, 2015 that the car sale hosted jointly by her company and Banco Popular was not in response to the car sale event the weekend before on November 28, 2015.

Speculation was rife by persons and on social media that the car sale was in direct response to the onslaught of media attention which centred on new car dealer Tortola Auto Group, now the official distributors of Hyundai vehicles of South Korea.

It was felt that Caribbean Insurers Limited (CIL), one of the territory’s leading insurance companies, sought to compete head on with another of the Virgin Islands’ leading insurance providers, Nagico Insurances which had partnered with Scotiabank to offer attractive deals.

However Monsanto said that the timing of the car sale is simply coincidental, as the event was in the planning stages for a long time but for a number of reasons was not executed until last Saturday.

“I had been behind Banco Popular for a long time to do a car sale because they haven’t done one in many, many years,” said Monsanto.

“It happened that I was travelling for almost a month now so the only date that was available was today’s date,” she said.
“It had nothing to do with the car sale last week, nothing at all,” she said.

Observers have noted that the two leading insurance providers seem to be in competition with each other with regards to sponsorship of events and making themselves visible with regards to a number of various causes in the territory, from sports to social programmes to community outreach among others.

11 Responses to “‘We did not copy Nagico’s car sale’ – CIL’s Simone T. Monsanto ”

  • good thing (07/12/2015, 08:35) Like (27) Dislike (0) Reply
    Competition for services is good. The customer will benefit as they seek to drive the prices down.
    • the costumer (09/12/2015, 19:20) Like (2) Dislike (0) Reply
      Competition is good...I would like a new plane comes to tortola so LIAT get also good competition.
  • A none issue. (07/12/2015, 08:42) Like (41) Dislike (0) Reply
    What`s the issue? Car sales are for Car dealers and insurance policy are for insurance companies... Tortola ain belong to Nagico, Caribbean Insurance, Hyundai dealers, or Nissan dealers. its a free and competitive market.. A none issue
  • i from here (07/12/2015, 08:49) Like (28) Dislike (4) Reply
    Two guyanies at it i keeping out!
  • Guest (07/12/2015, 09:43) Like (16) Dislike (0) Reply
    Every Christmas season there are car sales....so don't get what all the nonsense about (people just love to stir up confusion)
  • Hmm (07/12/2015, 10:13) Like (11) Dislike (0) Reply
    This was poorly advertised, I heard it was on the radio but I saw nothing about it on online news sites till today.
  • Politcal Observer (07/12/2015, 14:31) Like (0) Dislike (0) Reply
    What's in this for the customer?
  • LOL (07/12/2015, 16:13) Like (3) Dislike (1) Reply
    This is a apache vs. indian fight. I am betting on the squaw.
  • stake raiser (09/12/2015, 14:30) Like (0) Dislike (0) Reply
    so which bank is going to team up with Rolls Royce - EH?


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