Wed, 11th May, 2011

General Brokers & Agents now part of the Bahamas First Group

Bahamas First Holdings Limited (BFH) has announced it acquired a majority interest in General Brokers & Agents Ltd. (GBA), during the year.

This development will affect GBA clients in both Nassau and Freeport whose policies have been with either the Insurance Company of West Indies (Bahamas) Ltd (ICWI) or Bahamas First General Insurance (BFG), a subsidiary of BFH.

In Nassau, with effect from November 1, 2010 the Property and Casualty Division of GBA becomes part of NUA Insurance Agents & Brokers, another subsidiary company of BFH. GBA's Property and Casualty policyholders in Nassau will now be serviced by NUA, and the Property and Casualty Division and staff of GBA have been relocated to the NUA Service Centre on Third Terrace and Collins Avenue, just across the street from the GBA building.

The Life and Health clients of GBA will continue to be serviced at the existing location of GBA on Collins Avenue.

GBA clients in Nassau and Freeport who have had ICWI as their insurance carrier will now have the option to select BFG as their carrier with the changeover occurring at the time of their policy renewal. GBA clients in Nassau and Freeport whose carrier has been BFG will continue to have BFG as their carrier.

In Freeport, with effect from November 1, 2010, GBA will continue to operate under the name of General Brokers & Agents (Grand Bahama) Ltd., reporting to NUA. The portfolio of the Carib Insurance Agency (Grand Bahama) Limited, that operates as a Branch of NUA will be combined with that of GBA (Grand Bahama) with its operations and staff relocating to the GBA office in the Regent Centre.

"NUA and GBA both have a long history of providing general insurance services in The Bahamas," said John Dunkley, NUA's Managing Director. "Our cultures of long term service to the Bahamian community are very similar so GBA customers should feel right at home with NUA."

NUA has been helping families and businesses with their insurance needs for more than 40 years. It has the security of being part of the Bahamas First Group of Companies, the largest and most trusted general insurer in The Bahamas.

Bahamas First General Insurance Company Ltd. has an A.M. Best Rating of A- (Excellent) which reflects the company's excellent capital and liquidity position as well as its superior operational results.

Other News & Events:

Tue, 21st Apr, 2009
Bahamas First Combines its Company-owned Agencies Under the NUA brand

Thu, 28th Apr, 2011
FCII Designation awarded to NUA's Stanford Charlton

Wed, 11th May, 2011
Warren Rolle takes Over Helm at NUA

Wed, 11th May, 2011
General Brokers & Agents now part of the Bahamas First Group

Wed, 18th Mar, 2015
Introduction of Cyber Liability Insurance