National General Insurance Corporation NV was approved to conduct insurance business under the laws of St. Maarten and The Netherlands Antilles in 1982.
In 1992 NAGICO appointed GEO W. Bennett Bryson & Co. Ltd T/AS Bryson’s Insurance Agency as Managing General Agents in Antigua & Barbuda in the wake of the departure of the large UK companies. At present NAGICO is rated B++good by AMBest and is represented in nineteen (18) islands from the British Virgin Islands in the North to Curacao in the South.
The company takes its commitment to and the confidence of its policyholders very seriously. As a result, NAGICO purchases only quality reinsurance protection through Guy Carpenter one of the most reputable reinsurance brokers in the London and USA markets. Their proven track record, achievement and expertise in placing catastrophe programs have been a tremendous asset to NAGICO and its policyholders.
NAGICO has paid all valid claims arising from hurricanes and other disasters in the territories where it is represented. In addition, NAGICO maintains catastrophe contingency funds in each territory allowing for easy, hassle free disbursement of claim proceeds to policyholders.
In 2014, NAGICO’s estimated gross income was three hundred and sixty million Eastern Caribbean dollars (EC$360,000,000.00). Notwithstanding size and market share, the St. Maarten Insurance Brokers Association has repeatedly voted NAGICO the number one company in claims settlement.
As a good corporate citizen, NAGICO honors its tax and other statutory obligations in all territories. In addition, the company donates to many deserving charities thereby Contributing to the economy and social well being of the people of the North Eastern Caribbean.
CMA-CGM Group, an international container shipping company run by its founder Jacques R. Saade, ranks number one in France. From January 05, 2006, with the acquisition of Delmas, a French Shipping Group, CMA-CGM has become the 3rd largest Container Shipping Group Worldwide.
In 2005, CMA-CGM accounted for 5% of total global container tonnage and supported with a fleet of 182 vessels, including 43 proprietary units. CMA-CGM has ordered an additional 64 owned or charted new builds with capacity ranging form 1,100 to 9,200 TEU.
With over 8,000 employees operating in 210 ports, 50 counties, and an additional 417 agencies, CMA-CGM manages a global network and continues to expand by opening 14 new offices in China alone. With two Caribbean hubs, Kingston, Jamaica and Port-of-Spain, Trinidad, CMA-CGM provides optimal coverage of regional markets within CARICOM to connect with its global network and is best positioned to expand as the worldwide demand for maritime shipping increases.
In March 2006, CMA-CGM was pleased to announce a joint operation with the Asian company, CSCL (China Shipping), to offer a new and dedicated service to the Atlantic Trade from China, thus reinforcing CMA-CGM as a major Global Carrier identity.