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PRESS RELEASE – The EC Global Insurance Company Ltd has marked a milestone, celebrating its 10th anniversary in the insurance business.
EC Global was founded in 2004 by the East Caribbean Financial Holding Company (ECFH) and Grace Kennedy – through its subsidiary – Jamaica International Insurance Company.
Over the years, the company has garnered a solid reputation marked by innovative insurance products and prompt claims settlement.
To commemorate the milestone celebration, EC Global hosted an Anniversary Awards Ceremony at Sandals Grande under the patronage of Her Excellency Dame Pearlette Louisy, Governor General of Saint Lucia.
The guest list included Ministers of Government, Directors and Senior Executives of Grace Kennedy, the Jamaica International Insurance Company (JIIC), the ECFH Group, EC Global and Bank of Saint Lucia, members of the Insurance Council, EC Global Staff, Insurance Brokers and specially invited customers and guests.
Esther Browne-Weekes, ECFH Group Managing Director (Ag.) told the gathering that founding partners Grace Kennedy Limited have now acquired majority interest in EC Global Insurance, and that ECFH will remain a minority partner in the business.
Over the last 10 years, EC Global has established itself as a considerable force in the insurance industry in St. Lucia with signature products like Angel Advantage and the Condo Villa Policy.
One of the more recent additions to EC Global’s product line is the Livelihood Protection Policy, St. Lucia’s first Micro Insurance Product, and the first in the English speaking Caribbean.
Payments under this policy are based on predetermined parameters in terms of wind speed and the amount of rainfall, without the need for an actual assessment.
Mrs. Grace Burnett, CEO of Insurance Services at Grace Kennedy Limited and Managing Director of Jamaica International Insurance Company (JIIC) noted that the Livelihood Protection Policy was tested after the 2013 Christmas Eve Trough in St. Lucia and in her words, “it passed with flying colours.”
She told the gathering: “Through this offering, EC Global was clearly contributing to the peace of mind of its clients and reaffirming the value that it brings to the community.” She was happy to report that the Livelihood Protection Policy will soon be introduced in Jamaica.
Former CEO Leathon Khan and long service EC Global employee Severin Francois were recognized and honoured for their years of dedicated service to the company.
The first 10 customers of EC Global also received special recognition. Insurance brokers were also recognized for their unwavering support of the company.
During this period of transition and beyond, EC Global remains committed to upholding its reputation of prompt claims settlement and product innovation.