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Suggestion to protect low-income earners


by Marlon Madden
With the COVID-19 pandemic putting increased pressure on an already underinsured market due mainly to unemployment, one industry official is putting forward the idea of a national “insurance pool” to assist those who are unable to buy property coverage on their own.
With a number of uninsured houses also going up in flames annually, Chief Executive Officer of Trident Insurance David Alleyne told
Today’s BUSINESS that the time had come for measures to be taken to ensure greater insurance penetration in Barbados.
“There are too many incidences that happen in Barbados where people have lost their assets that they have worked for, for a long time, and they have not been able to recover,” said Alleyne. ....

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Trinidad and Tobago Insurance Limited takes over Barbados-based insurance company - Caribbean Times News, Trinidad news, Jamaica news, Haitian news, Guyana News,


Trinidad and Tobago Insurance Limited takes over Barbados-based insurance company
Chairman of Trinidad and Tobago Insurance Limited (Tatil), Ray Sumairsingh
PORT OF SPAIN, Trinidad – Trinidad and Tobago Insurance Limited (Tatil) has acquired Barbados-based Trident Insurance Company Limited. After officially getting the nod from regulators, Tatil Chairman Ray Sumairsingh announced on Thursday.
Acknowledging that the COVID-19 pandemic may have led to some delays in finalizing the acquisition, Sumairsingh said the transaction had been successfully concluded with the receipt of all the required regulatory approvals here and in Barbados.
The operations of Brydens Insurance, the Barbados branch of Tatil, have already merged with Trident Insurance, under the Trident brand name. The new Trident Insurance will continue to bring its uniquely Barbadian perspective to the business of serving its customers. ....

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