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CGM Gallagher
The CGM Gallagher Group is the Caribbean's largest insurance broker. It has offices in Jamaica, Barbados, St. Vincent and St. Lucia. In the Eastern Caribbean, CGM Insurance Brokers was the name of the insurance broking company which began in Barbados in 1980 out of the Willis Agency. CGM began in Jamaica in 1971 as International Insurance Brokers Limited (IIB) evolving out of a partnership between the ICD Group, BNS and Hogg Robinson & Gardner Mountain Limited (Lloyds Brokers). In 2004, CGM Insurance Brokers out of Barbados and IIB Jamaica merged to create the CGM Group with sole focus on commercial insurance segments. The majority of the Group’s shares are held by Jamaica-based ICD Group. A year after the Barbados/Jamaica merger, the CGM Group established CGM Insurance Brokers St. Vincent Limited, which is now the largest brokerage in St. Vincent and the Grenadines. In 2007, Arthur J. Gallagher partnered with the Group to create the CGM Gallagher Group. Soon after, CGM Gallagh ...
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Insurance Broker
An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract. As of 2019, the largest insurance brokers in the world by revenue are Marsh & McLennan, Aon plc, Willis Towers Watson, Arthur J. Gallagher and Hub International. In Australia In Australia, all insurance brokers are required under the Financial Services Reform Act 2001 to be licensed by the federal government's Australian Securities and Investments Commission (ASIC). Reputable and experienced insurance brokers in Australia will generally also hold additional qualifications such as a certificate or diploma in financial services which requires the completion of in depth studies in a specific area, the most common being general insurance ...
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Barbados
Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of and has a population of about 287,000 (2019 estimate). Its capital and largest city is Bridgetown. Inhabited by Island Caribs, Kalinago people since the 13th century, and prior to that by other Indigenous peoples of the Americas, Amerindians, Spanish navigators took possession of Barbados in the late 15th century, claiming it for the Crown of Castile. It first appeared on a Spanish map in 1511. The Portuguese Empire claimed the island between 1532 and 1536, but abandoned it in 1620 with their only remnants being an introduction of wild boars for a good supply of meat whenever the island was visited. An Kingdom of England, English ship, the ''Olive Blossom'', arrived in Barbados on 14 May 1625; its men took possession of the island in the name of James VI and I, King James I. In 1627, the first ...
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Saint Lucia
Saint Lucia ( acf, Sent Lisi, french: Sainte-Lucie) is an island country of the West Indies in the eastern Caribbean. The island was previously called Iouanalao and later Hewanorra, names given by the native Arawaks and Caribs, two Amerindian peoples. Part of the Windward Islands of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent (Antilles), Saint Vincent, northwest of Barbados and south of Martinique. It covers a land area of with an estimated population of over 180,000 people as of 2022. The national capital is the city of Castries. The first proven inhabitants of the island, the Arawaks, are believed to have first settled in AD 200–400. Around 800 AD, the island would be taken over by the Kalinago. The French were the first Europeans to settle on the island, and they signed a treaty with the native Caribs in 1660. England took control of the island in 1663. In ensuing years, England and France fought 14 times for control of the island, ...
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Lesser Antilles
The Lesser Antilles ( es, link=no, Antillas Menores; french: link=no, Petites Antilles; pap, Antias Menor; nl, Kleine Antillen) are a group of islands in the Caribbean Sea. Most of them are part of a long, partially volcanic island arc between the Greater Antilles to the north-west and the continent of South America."West Indies." ''Merriam-Webster's Geographical Dictionary'', 3rd ed. 2001. () Springfield, MA: Merriam-Webster Inc., p. 1298. The islands of the Lesser Antilles form the eastern boundary of the Caribbean Sea where it meets the Atlantic Ocean. Together, the Lesser Antilles and the Greater Antilles make up the Antilles. (Somewhat confusingly, the word Caribbean is sometimes used to refer only to the Antilles, and sometimes used to refer to a much larger region.) The Lesser and Greater Antilles, together with the Lucayan Archipelago, are collectively known as the West Indies. History after European arrival The Spanish were the first Europeans to arrive on the ...
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Saint Vincent And The Grenadines
Saint Vincent and the Grenadines () is an island country in the Caribbean. It is located in the southeast Windward Islands of the Lesser Antilles, which lie in the West Indies at the southern end of the eastern border of the Caribbean Sea where the latter meets the Atlantic Ocean. Its territory consists of the main island of Saint Vincent and, south of that, two-thirds of the northern part of the Grenadines, a chain of 32 smaller islands. Some of the Grenadines are inhabited—Bequia, Mustique, Union Island, Canouan, Petit Saint Vincent, Palm Island, Mayreau, Young Island—while others are not: Tobago Cays, Baliceaux, Battowia, Quatre, Petite Mustique, Savan and Petit Nevis. Most of Saint Vincent and the Grenadines lies within the Hurricane Alley. To the north of Saint Vincent lies Saint Lucia, to the east is Barbados, and Grenada lies to the south. Saint Vincent and the Grenadines has a population density of over 300 inhabitants/km2 (700 per sq. mi.), with approxima ...
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Caribbean Community
The Caribbean Community (CARICOM or CC) is an intergovernmental organization that is a political and economic union of 15 member states (14 nation-states and one dependency) throughout the Caribbean. They have primary objectives to promote economic integration and cooperation among its members, ensure that the benefits of integration are equitably shared, and coordinate foreign policy. The organization was established in 1973 with its four founding members signing the Treaty of Chaguaramas. Its primary activities involve: * Coordinating economic policies and development planning. * Devising and instituting special projects for the less-developed countries within its jurisdiction. * Operating as a regional single market for many of its members (Caricom Single Market). * Handling regional trade disputes. The secretariat headquarters is in Georgetown, Guyana. CARICOM is an official United Nations Observer beneficiary. CARICOM was established by the English-speaking parts of the ...
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World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruc ...
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Insurance Companies Of Barbados
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to Hedge (finance), hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest ...
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