October 22, 2021

Bahamas first’s ‘Banner Year’ as profits up 548%

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By NEIL HARTNELL From Tribune242   BAHAMAS First’s chief executive yesterday hailed 2017 as “a banner year” where profits increased almost seven-fold, adding: “Everything we needed to go in our favour did.” Patrick Ward told Tribune Business that the “buildings blocks” laid by the property and casualty insurer in prior years had paid off by […]

‘Global Disruption’ to impact Bahamas [& Cayman Islands] insurers

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By NEIL HARTNELL From Tribune242 Bahamas First’s top executive has warned that local insurers are likely to face increasing competition from consumers acquiring coverage online, as the underwriter’s gross and net premiums declined 3 per cent in 2016. Patrick Ward told Tribune Business that the Bahamian property and casualty market “won’t escape disruption” from forces […]