cgi group


The group is a subsidiary of Edmund Gibbons Limited in Bermuda, owners of Capital G Bank (assets of over $1 billion and equity of over $80 million), and with interests in the retail sector and commercial property.

The strategic thrust of CGI has been to apply its critical mass in the direction of overseas opportunities. This has generated new business growth beyond the territorial limitations of a well-provided Bermuda market. The group has therefore enjoyed successive years of top-line growth using a service-led commercial ethos to retain client loyalty with competitive products and efficient support.

  • Development of competitive products and services to retain valued clients
  • Acquisition of portfolios
  • Successful joint ventures
  • Broaden the scope of local product offerings into viable international products
  • Recruit expertise, develop management skills and product knowledge and foster a supportive environment for executives and colleagues

 

Products and services are distributed into regional markets by group members, affiliates and agents. Group Companies includes

Colonial Medical Insurance Co. Ltd.
Colonial Pension Services Ltd.
Colonial Insurance Co. Ltd.
Colonial Life Assurance Co. Ltd.

Colonial Insurance BVI Co. Ltd.

Atlantic Medical Insurance Co. Ltd.
Security & General Insurance Co.  Ltd.

British Caymanian Insurance Co. Ltd.
British Caymanian 

Major insurance risks are supported by European facultative reinsurance markets and the group applies a cautious strategy with reinsurance to maximize protection for clients. In 2006, Colonial supported British Caymanian Insurance in the settlement of over $300 Million in claims caused by Hurricane Ivan (cat 5 storm).