Tue, 21st Apr, 2009

Bahamas First Combines its Company-owned Agencies Under the NUA brand

Three insurance agencies and brokers that are part of the Bahamas First Group of Companies will now operate under the NUA Insurance Agents & Brokers umbrella.In a move that will combine the strengths and experience of the three companies and create greater convenience for its general insurance customers, Carib Insurance Brokers & Agents Ltd. and Moseley Burnside Insurance Agency Ltd. will become part of NUA.

Under the new structure the Moseley Burnside location at the Harbour Bay Shopping Centre will become NUA's second Service Centre in New Providence, complementing its existing Service Centre and Head Office on Collins Avenue.

The Carib office on Charlotte Street in downtown Nassau will close effective April 24, 2009.

John Dunkley, NUA's President and Managing Director, said, "As part of the same family, combining the three agencies makes sense and is a practical business move on a number of levels. First, with two NUA locations in New Providence we are providing our customers with greater convenience for their service needs, including policy renewals.

Second the combined experience, expertise and areas of specialization means our customers will benefit from these expanded capabilities.

Finally, we have an expanded management team with some of the best insurance expertise and experience in the country. When you combine these considerations, NUA has never been in a better position to be a strong, stable and progressive general insurance provider in The Bahamas for years to come."

NUA -then known as Nassau Underwriters Agency - was one of two founding agencies of The Bahamas First General Insurance Company in 1982. In 1996 Bahamas First General became a wholly-owned subsidiary of Bahamas First Holdings.

Moseley Burnside Insurance Agency Ltd. became part of BFH in 1998. Carib became part of the group in 2007.

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.

For more information:
Warren T. Rolle
President and Managing Director
328-5992

Other News & Events:


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

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Wed, 11th May, 2011
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