Archive for August 11th, 2010

Sagicor becomes Cayman First

Sagicor becomes Cayman First

| 11/08/2010 | 7 Comments

(CNS): Following the purchase of Sagicor General Insurance by Bahamas First earlier this year the company will now be renamed and rebranded as Cayman First Insurance Company Limited. Although the Bahamian firm as purchased three quarters of the Cayman based insurance firm the Cayman Islands government has retained its 25% share in the company which it acquired as part of the insurance company’s settlement for government’s claim  in the wake of Hurricane Ivan. The firm’s management said this week that the new name captures the strong culture of the local market and reflects its dedication to customers, partners, employees and the community. Danny Scott, who has been at the helm of the firm since its Cayman General days remains President and CEO.

(CNS): Following the purchase of Sagicor General Insurance by Bahamas First earlier this year the company will now be renamed and rebranded as Cayman First Insurance Company Limited. Although the Bahamian firm as purchased three quarters of the Cayman based insurance firm the Cayman Islands government has retained its 25% share in the company which it acquired as part of the insurance company’s settlement for government’s claim  in the wake of Hurricane Ivan. The firm’s management said this week that the new name captures the strong culture of the local market and reflects its dedication to customers, partners, employees and the community. Danny Scott, who has been at the helm of the firm since its Cayman General days remains President and CEO.

 “Cayman First is committed to remaining at the forefront of the Cayman insurance market and providing its customers with high quality products and services to ensure exceptional value,” said Michael Gayle, Senior Vice President of Property & Casualty for Cayman First. “Our customers will benefit from the financial strength and stability of the Bahamas First Group while still retaining the assurance of the same local, accessible management team and staff members. It’s more than business as usual, in fact it’s business better than usual.”
 
The sound bite of ‘Business Better than Usual’ will be reflected in the coming months with enhancements and expansions to Cayman First’s product offering, providing customers with added value and enhanced service, the firm said.
 
 Bahamas First hasa financial strength rating of A-(Excellent), affirmed by insurance rating and information agency A.M. Best Co., reflecting strong capitalization, leading market presence and effective management. The acquisition of Sagicor General provides Bahamas First with a geographical diversity to its revenue base, while affording a continuation of quality protection for the clients of Cayman First, the company stated in a release.
 
Bahamas First said that it has been a market leader in The Bahamas general insurance market. Its subsidiary, Bahamas First General Insurance Company was the first local general insurance company to exceed US$100 million in premium income and enjoys the distinction of being the first locally capitalized property and casualty company in The Bahamas.
 
Established in 1984 as Cayman General and part of the Cayman National Corporation. the impact of claims from Hurricane Ivan led to the Cayman government acquiring a percentage of the firm which was bought by Sagicor Life in Jamaica. Following some $395-million loss from its operations in 2009 the firm sold on the Cayman part of Sagicor to Bahamas First in March of this year.

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Search on for Cayman talent

Search on for Cayman talent

| 11/08/2010 | 21 Comments

(CNS): The Cayman Islands may be a lot smaller than the UK and the US, where talent shows are never short of willing contestants, but Nolly Brown believes the three Cayman Islands have plenty of  people bursting with talent and intends to prove it. The first ever ‘Cayman’s Got Talent’ competition will start next month and will not only give young and old the chance to show off what they can do, the money raised will be donated to those suffering from diabetes. All Caymanians, residents and work permit holders here for six months and over are welcome to take part in the heats, which will be held in the districts in September before the grand final at the Lions Centre in October, where $4,500 will go to the winner.

Nolly Brown Entertainment in conjunction with the Diabetes Association will be hosting the contest, which costs $5 to enter per contestant with a maximum of $25 for groups with five or more members. All of the funds raised will go towards helping with medication or specialist supplies for those diagnosed with diabetes.
 
Brown said everyone aged 15 and over is welcome to join the country’s biggest ever talent show with any kind of act, so long as they are clean and decent and good fun.
 
“Our goal is not only to showcase the talent that these beautiful Islands have to offer, but to also make someone’s lifea little easier,” said Brown. “We want everyone to come out and support the preliminary rounds as well as the final and make this an annual event. This is the first Cayman’s got Talent but we want to make sure it won’t be the last.”
 
Promising that Cayman’s Got Talent will be a diverse event which will showcase the abundance of talented Caymanians who otherwise are not acknowledged, Brown said that every form of entertainer, from singers and dancers to jugglers, magicians and comedians are welcome. Groups of all kinds are also welcome to take part and those who are currently making a living from their talent are also welcome to join in and take their chances in front of the judges.
 
The event will be held over a five week period, with preliminary heats starting on 4 September with a launch party on Cayman Brac. The competition will then make its way around the districts on Grand Cayman until 25 September.  Brown and the judges will be in North Side on 11 September at the community centre, and the Bodden Town civic centre on the 18 September, the George Town preliminary will be at the South Sound community centre on 25 September. The team will then complete the heats in West Bay on 2 October.
 
Organisers are asking competitors to pre-register for the preliminary rounds between 9:00 am and 4:00 pm on the day of the heat before the performances start at 6pm.
 
Once all of the finalists have been selected, the acts will have two weeks to get their performances ready for the pre-final night on 9 October at the Harquail Theatre in George Town, before the grand finale at the Lions Centre on 16 October, when the first ever winner who will take home the $4,500 prize and bragging rights to the title.
 
For more information e-mail  info.caymangottalent@gmail.com  or call us on (345) 746-8301 for more information or visit www.nollybrown.com

 

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