Island Heritage Insurance Company, Ltd. (“Island Heritage”) today announced its celebration of 25 years of operation as a leading provider of personal and commercial insurance. The company was established in 1996, since which time it has expanded to write business in 14 different jurisdictions across the Caribbean, achieving a consistent financial strength rating of “A (Excellent)” by AM Best.
In March 2012, Island Heritage was acquired by BF&M Limited (“BF&M”), a leading Bermuda-based insurance and pension provider. In 2018, the Island Heritage Retirement Trust Company was established and approved as a Cayman-registered pension plan provider, bringing to Cayman residents a new option for a retirement plan with flexible investment options.
Conor O’Dea, Chairman of Island Heritage Insurance Company, Ltd., said: “Aside from our financial strength, a hallmark of Island Heritage is our excellent customer service. Our reputation was cemented after the devastation of Hurricane Ivan in 2004, when Island Heritage led the market in serving our customers and turning around claims promptly. We are proud of the management team and all the staff of Island Heritage, who have delivered for our customers when they have needed us over the past 25 years. We look forward to many more years of excellence.”
Throughout its 25 years, Island Heritage has remained focused on giving back to the community. In 2012, the company launched its now annual CharityDrive as an innovative way to help three local charities earn up to CI $10,000 each over three days. To date more than CI $264,000 has been donated to 21 different local charities. The company also established an Educational Grant in 2017, the year of its 20th anniversary. To celebrate reaching a quarter of a century, the Grant has now been increased to US $10,000 to help local students fund their college or university studies.
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Founded in 1996 in the Cayman Islands, Island Heritage Insurance Company, Ltd. (“Island Heritage”) is a leading provider of personal and commercial insurance, including property, casualty, motor and yacht. In 2018, the Island Heritage Retirement Trust Company was approved as a Cayman-registered pension plan provider.
Island Heritage holds a financial strength rating of “A (Excellent)” by A.M. Best, along with a proven track record of customer service excellence throughout the Caribbean. Island Heritage is part of the BF&M group of companies - like-minded organizations with one goal in mind: providing insurance the way it should be.