The CGM Gallagher Group is the Caribbean's largest

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 negoti ...

. It has offices in Jamaica,

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). ...

, St. Vincent and

St. 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 Amerin ...

. In the

Eastern Caribbean The Organisation of Eastern Caribbean States (OECS; French: ''Organisation des États de la Caraïbe orientale'', OECO) is an inter-governmental organisation dedicated to economic harmonisation and integration, protection of human and legal ri ...

, 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 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 wh ...

. In 2007, Arthur J. Gallagher partnered with the Group to create the CGM Gallagher Group. Soon after, CGM Gallagher established CGM Gallagher Insurance Brokers St. Lucia Limited. It also operates CaribRM, a risk management company which is the Facility Supervisor of the Caribbean Catastrophe Risk Insurance Facility - an insurance partnership between CARICOM and

the World Bank 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 Grou ...

. The CCRIF is the world's first multi-government regional parametric catastrophe insurance facility. WI-allrounder Brendan Nash is sponsored by the Group.

References

Insurance companies of Barbados Insurance companies of Jamaica Barbadian brands {{insurance-company-stub