AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Bahamas First General Insurance Company Limited (BFG) (Nassau, Bahamas) and Cayman First Insurance Company Limited (CFI) (Cayman Islands), the property/casualty (P/C) operating subsidiaries of Bahamas First Holdings Limited (Nassau, Bahamas) (BFH). The outlook of these Credit Ratings (ratings) is stable.
Patrick G. Ward, Group President & CEO of Bahamas First Holdings, has been elected President of the Insurance Association of the Caribbean (IAC) during the organization’s conference and Annual General Meeting held in Montego Bay, Jamaica. Mr. Ward is the third Bahamas based insurance executive in the organization’s 50-year history to hold this post.
The audited Consolidated Financial Statements of Bahamas First Holdings Ltd (BFH or “the Group”) for the year ended 31 December 2022 were filed and became public on 1 May 2023. The Financial Statements noted that BFH’s Cayman subsidiary, Cayman First Insurance Ltd (CFI), experienced delays in reporting to its regulator in Cayman due to the Group’s implementation of a new policy and claim processing system during the year, which affected its Health and Life division (H&L).
Bahamas First General Insurance Company, the aptly named first locally established general insurer in The Bahamas, marked its 40th anniversary with a cocktail reception celebrating the individuals and organisations who have been integral to the success of the company.
First Response is celebrating its 15th anniversary as the first on-site accident assistance programme in The Bahamas. Launched on 1 August 2007 by leading general insurance provider Bahamas First, the programme was designed to provide on-location assistance at the moment of a motor vehicle accident and support throughout the claim and repair process. The service is offered at no cost to drivers whose vehicles are insured through authorized agents of Bahamas First.
OLDWICK – 29 June 2022 – AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Bahamas First General Insurance Company Limited (BFG) (Nassau, Bahamas) and Cayman First Insurance Company Limited (CFI) (Cayman Islands), the property/casualty operating subsidiaries of Bahamas First Holdings Limited (Nassau, Bahamas) (BFH). The outlook of these Credit Ratings (ratings) is stable.
Bahamas First General Insurance Company is pleased to announce that Senior Underwriter Carla Rolle-Stubbs has been appointed as a Goodwill Ambassador by the Chartered Insurance Institute (“CII”), the UK-based professional body dedicated to building public trust in the insurance and financial planning profession.
Recent heavy rainfall and resultant flooding in New Providence has left many vehicles damaged, proving that it has never been more important to be protected. Our motor insurance policies can cover loss of or damage to your vehicle caused by flooding.
Veteran insurance executive Warren Rolle returns to The Bahamas to take on newly created position.
Anquin C. Cooper and Kevin O. Hudson have been appointed Group Analytics Manager and Vice President, Underwriting respectively.
On 7 December 2021, Bahamas First signed a Memorandum of Understanding with the University of The Bahamas to establish a four-year scholarship tenable at the University in the fields of Business, Information Technology, Eco-Tourism, Sustainability and Engineering.
NASSAU, 13 September 2021 – The Board of Directors of Bahamas First Holdings Limited (“BFH”), parent company of NUA Insurance Agents & Brokers Limited (“NUA”), has announced new leadership appointments at NUA.
NASSAU, June 25, 2021 – Bahamas First Holdings Limited is pleased to announce that global credit rating agency AM Best has affirmed the Financial Strength Rating of…
NASSAU, 18 May 2021 – Bahamas First Holdings Limited, the diversified group of companies providing insurance and related services in The Bahamas and the Cayman Islands, today announced unaudited consolidated financial results for the three months ended 31 March 2021.
Insurance leader Bahamas First connected to the world’s largest environmental stewardship movement this past Earth Day to host its Conversation on Climate Change webinar…
The Board of Directors of Bahamas First Holdings Limited (“BFH”) today announced that Mrs. Linda Goss has resigned as Director, effective November 18, 2020, in tandem with her pending retirement…
Bahamas First Holdings Limited today released its unaudited consolidated financial results for the nine months ended September 30, 2020, which recorded a positive performance for the first three quarters of the year…
Bahamas First Holdings Limited today released its unaudited consolidated financial results for the six months ended June 30, 2020, marking the half-year with net underwriting income of $15.2 million, a $2 million increase over the same period in the prior year.
The Bahamas International Securities Exchange (BISX) is pleased to announce that listing application submitted by Bahamas First Holdings Limited (“Bahamas First”) has been formally approved by the BISX Listing Committee.
Bahamas First Holdings Limited (“BFH” or the “Company”) is pleased to announce that shareholders agreed to the Board of Directors’ recommendations for all proposed resolutions at the Company’s Annual General Meeting (“AGM”) held on July 23, 2020, in Nassau.
Bahamas First Holdings Limited is pleased to announce that global insurance rating agency A.M. Best has affirmed the Financial Strength Rating of A- (Excellent).
The Bahamas Insurance Association (BIA), in accordance with the guidelines of the Insurance Commission of The Bahamas, has issued new Customer Due Diligence (CDD) and Know Your Customer (KYC) requirements.
