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We now have the opportunity to support a private Antiguan insurance company, owned and operated by Antiguan shareholders, while enjoying the security of a large, financially powerful international insurance company.
How Can This Be?
PIC Insurance Company Ltd. was researched and founded by Dr. Rolston Barthley, an Antiguan insurance professional with an international reputation for honesty, integrity and expertise in insurance. All shareholders (including staff shareholders) are Antiguans. As a new enterprise, PIC Insurance Company is relatively small, but its international reinsurance partners are among the largest in the world.
What Role Does "Reinsurance" Play In Insurance Companies?
Often described as "insurer of insurance
companies", reinsurers reimburse insurance
companies for losses covered by a
formal reinsurance contract. Reinsurance
enhances one of the fundamental objectives
of insurance: to spread risk so that no single insurance company finds itself
How Do We Know The Reinsurance Company Is Financially Strong?
Reinsurance companies, like insurance
companies, are subject to strict government
regulatory control and monitoring.
They are also the subject of study by independent
And because PIC Insurance Company
employs the services of a professional
reinsurance intermediary, our reinsurance
programmes and our reinsuranceunderwriting
partners are the subject of
ongoing scrutiny. All reinsurers who are
party to our contracts must meet the high
How Does Reinsurance Affect Me - The Policyholder?
The effects are all positive. The reinsurance contract makes your insurance company financially stronger - more able to withstand catastrophic events such as hurricanes, more able to withstand periods of unprofitable underwriting results, and more able to offer insurance for a broad range of products for a variety of risks and values. The cost of reinsurance, which is substantial, is borne by PIC Insurance Company Ltd. on behalf of the security and peace of mind of all policyholders.