Massy United Insurance Ltd., one of the largest and most financially robust general insurance companies in the Caribbean, has opened its doors in St. Kitts and Nevis. The regional company, which currently services 18 other territories,has commenced operations at its branch office in Basseterre. The company will be providing customers with general insurance solutions including home, motor, marine, travel and business coverage.
“We are delighted to be able to serve the people of St. Kitts and Nevis,” stated Howard Hall, CEO of Massy United Insurance. He further explained that the expansion to St. Kitts and Nevis was a strategic move by the organisation to better serve the Northern Caribbean. “We are a regional company,” he added “and we are committed to giving back to the region and making a positive contribution to the St. Kitts and Nevis market.”
Tuffida Stewart, Branch Manager of Massy United Insurance (St. Kitts and Nevis), encouraged persons to consider the new company as a reliable option for their general insurance needs. “Massy United Insurance has been around for the past 40 years, and has developed a reputation for delivery of quick, fair claims settlement,” she noted. “The company has an asset base of USD$ 221M and a Gross Written Premium (GWP) of USD$ 117M, as well as a wide regional presence,” she explained. She added, “Massy United Insurance can be found as far south as Guyana and as far west as Belize.” Stewart believes that the strong fiscal backing and growing reach of the insurance company serves as an indicator of its financial stability.
The BranchManagerreinforced the importance of reliable insurance coverage for individuals, businesses and families, and explained that the people of St. Kitts and Nevis could rest assured that the company had been vetted by international standards. “A.M. Best, the foremost rating agency for insurance companies worldwide, has just reaffirmed our A- Excellent rating for the 11th consecutive year,”she stated.Stewart further explained that the rating was a testament to the company’s ability to honour itspolicyholders’claims.
In addition to the company’s individual rating, it also has the financial backing of the Massy Group. Massy United Insurance is one of the 60 businesses that make up the Massy Group, a regional conglomerate that provides employment for over ten thousand employees in nine sectors across the Caribbean.