Hurricane Jerry is currently tracking to become a potential threat to Bermuda by early next week. We continue to urge all of our customers to ensure that their Colonial policies are current and up to date. We wish to advise our customers to make further preparations in securing their properties, particularly for those who have existing damage from Humberto. If you are still in need to file a claim from the effects of Humberto, please come in to our office, or alternatively email our Claims department.

General Information and Disclosures

BERMUDA

Colonial Group International Ltd. (“CGI”) is a Bermuda based company with commercial operations in Bermuda and the Caribbean. CGI is a holding company for regional operating companies in Bermuda, the Bahamas, Cayman Islands, Turks and Caicos Islands and British Virgin Islands, and joint ventures in other parts of the world (as provided below).

Colonial Insurance Company Limited is licenced as a Class 3A Insurer by the Bermuda Monetary Authority and offers Personal and Business Property & Casualty Insurance.

Colonial Medical Insurance Company Limited is licensed as a Class B Insurer by the Bermuda Monetary Authority and offers Group and Individual Health Insurance, Group Life Insurance and other employee benefits (Vision, Dental, Accidental Death & Dismemberment, Disability, Critical Illness, Supplemental Accident).

Colonial Pension Services Ltd. is licenced to conduct Investment Business by the Bermuda Monetary Authority. Colonial Pension Services Ltd. acts as fund administrator for Colonial Private Trustee Limited and offers Group Pension Plans, Individual Investment Plans, Post-Retirement Products.

Colonial Life Assurance Company Limited is licenced as a Class C Insurer by the Bermuda Monetary Authority and offers individual life insurance products.

The Colonial Master Retirement Trust (a trust established under the laws of Bermuda) is registered with the Bermuda Pension Commission pursuant to the National Pension Scheme (Occupational Pensions) Act 1998. Colonial Pension Services Ltd. is the approved administrator of the Colonial Master Retirement Trust.

Colonial Private Trustee Limited acts as trustee of the non-registered pension plans administered by Colonial Pension Services Ltd.

Colonial Insurance Brokers Limited is licensed as an Insurance Broker by the Bermuda Monetary Authority. 

BAHAMAS

Security and General Insurance Company Limited is licenced as a General Insurer by the Insurance Commission of the Bahamas and offers Personal and Business Property & Casualty Insurance through various agents and brokers.

Atlantic Medical Insurance Limited is licenced as a Long Term Insurer by the Insurance Commission of the Bahamas and offers Group and Individual Health Insurance, Individual and Group Life Insurance products and other employee benefits (Vision, Dental, Accidental Death & Dismemberment, Disability, Critical Illness, Supplemental Accident).

Colonial Pension Services (Bahamas) Limited is licenced as a firm (i) dealing in securities as agent; (ii) arranging deals; (iii) managing securities; and (iv) advising on securities by the Securities Commission of the Bahamas. They offer Group Pension Plans, Individual Investment Plans and Post-Retirement Products.

Colonial Pension Services Ltd. is the fund administrator for Colonial Pension Services (Bahamas) Limited.

Nassau Insurance Brokers and Agencies Limited is licenced as an Agent and Broker by the Insurance Commission of the Bahamas. Nassau Insurance Brokers & Agencies Limited acts as agent solely for Security and General Insurance Company Limited.

CAYMAN

British Caymanian Holdings Company Limited is a Cayman Islands holding company which owns British Caymanian Insurance Company Limited and British Caymanian Insurance Agencies Limited.

British Caymanian Insurance Company Limited is licenced as a Class A Insurer by the Cayman Islands Monetary Authority and offers Personal and Business Property & Casualty Insurance.

British Caymanian Insurance Agencies Limited is licenced as an insurance broker by the Cayman Islands Monetary Authority. British Caymanian Insurance Agencies Limited acts as agent to Colonial Medical Insurance Company Limited, Colonial Pension Services Ltd. and Colonial Life Assurance Company Limited in the Cayman Islands.

Colonial Medical Insurance Company Limited is licenced as a Class A Insurer by the Cayman Islands Monetary Authority. 

Colonial Pension Services Ltd. holds a restricted trust licence with the Cayman Islands Monetary Authority.

Colonial Pension Services Ltd.’s pension plan is registered with the Cayman Islands National Pensions Office.

Colonial Life Assurance Company Limited is licensed as a Class A Insurer by the Cayman Islands Monetary Authority.

BRITISH VIRGIN ISLANDS

Colonial Insurance (BVI) Limited is licensed as a Category A Insurer by the British Virgin Islands Financial Services Commission and offers Personal and Business Property & Casualty Insurance as well as Group and Individual Health and Life Insurance and other employee benefits (Vision, Dental, Accidental Death & Dismemberment, Disability, Critical Illness, Supplemental Accident).

Colonial Insurance Company Limited is licenced as a Category B Insurer by the British Virgin Islands Financial Services Commission.

Colonial Medical Insurance Company Limited is licenced as a Category B Insurer by the British Virgin Islands Financial Services Commission.

Colonial Life Assurance Company Limited is licenced as a Category B Insurer by the British Virgin Islands Financial Services Commission.

TURKS & CAICOS ISLAND

Colonial Insurance Brokers Limited is licenced as an Insurance Broker by the Turks and Caicos Islands Financial Services Commission.

Security & General Insurance Company Limited holds a non-life insurance licence by the Turks and Caicos Islands Financial Services Commission.

Colonial Medical Insurance Company Limited is licenced as an Insurer by the Turks and Caicos Islands Financial Services Commission.

BARBADOS

Colonial Medical Insurance Company Limited is licenced as an Insurance Company by the Barbados Financial Services Commission and offers Group and Individual Health and Life Insurance products and other employee benefits (Vision, Dental, Accidental Death & Dismemberment, Disability, Critical Illness, Supplemental Accident) through various brokers and agents.

INTERNATIONAL

Colonial is the global brand used by Colonial Group International Ltd. and its subsidiaries. The Colonial global brand is also referred to as CGI. 

In Bermuda, the companies which form the CGI Group are Colonial Insurance Company Limited, Colonial Medical Insurance Company Limited, Colonial Pension Services Ltd., Colonial Life Assurance Company Limited, Colonial Insurance Brokers Limited and Colonial Private Trustee Limited. 

In The Bahamas, the member companies of CGI are Security and General Insurance Company Limited, Atlantic Medical Insurance Limited and Colonial Pension Services (Bahamas) Limited. Security and General Insurance Company Limited, Nassau Insurance Brokers and Agencies Limited and Atlantic Medical Insurance Limited which operate under the brands of Security and General or S&G, NIBA and Atlantic Medical or AMI respectively. 

In Cayman, the member companies of CGI are British Caymanian Holdings Limited, British Caymanian Insurance Company Limited and British Caymanian Insurance Agencies Limited which operate under the brand of BritCay. 

In the British Virgin Islands, the companies of CGI include Colonial Insurance (BVI) Limited.

In Turks & Caicos, the companies of CGI include Colonial Insurance Brokers Limited.

CGI’s companies are licensed or otherwise approved to transact business in various countries and jurisdictions. Several of CGI’s member companies hold various licences to operate in multiple jurisdictions. Certain services and products described on this website are not available to all users because of regulatory restrictions and therefore availability of certain services and products vary by jurisdiction.

CGI’s Property and Casualty Insurance operations offer the following product brands: Road User, Home Options, Business Options, Office Options, Condo Options as well as Travel Insurance, Contract Works Insurance, Professional Indemnity Insurance, Director’s and Officer’s Liability Insurance and Cyber Risk Insurance.

CGI’s Health Insurance operations offer the following product brands: Premier Health, Solus Health, Provident Plan and Island Plan as well as basic plans mirroring the minimum legislated plans (e.g. HIP, SHIC). Additional employee benefits are also offered – Dental and Vision Insurance, Group Life Insurance, Long- and Short-Term Disability Insurance, Accidental Death & Dismemberment Insurance, Critical Illness insurance and Supplemental Accident Insurance.

CGI’s pension operations offer the product branded “Custodian” as well as Individual Investment Plans and Post-Retirement Products.

CGI’s Life Insurance operations offer the product brand “Life Choices”.

Colonial Insurance Company Limited, Colonial Medical Insurance Company Limited, Colonial Life Assurance Company Limited, Security and General Insurance Company Limited, Atlantic Medical Insurance Company Limited and British Caymanian Insurance Company Limited are rated A (Excellent) by A.M. Best.

GENERAL DISCLOSURES

Personal Use. This website is intended only for your personal, non-commercial use, unless you and we have agreed otherwise in writing.

All investments bear risk and there can be no assurance that the investment objective projected will be achieved. The risk of loss from investing can be substantial. Clients must be prepared to bear the risk of loss on their investment.

Investment return is uncertain and may vary significantly from what is stated or implied. Additionally, past performance is not indicative of future returns.

The material contained on this website is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer is against the law, or to anyone whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so.

The information contained on this website does not constitute legal, tax, or investment advice. The information provided is for general guidance and is intended to offer the user general information of interest. You must not, therefore, rely on the content of this website when making any investment decisions and should seek appropriate professional advice. 

Colonial makes no representation or warranty, whether expressed or implied, as to the fairness, timeliness, accuracy and/or completeness of the information provided on this website. All information should be independently verified. All views expressed are subject to change without notice.

WEBSITE

CGI intends to use this website as a means of disclosing material non-public information and complying with its disclosure obligations under various laws and regulations. Accordingly, clients should monitor this disclosure section of CGI’s website frequently and review before making any decision to purchase a product or service.

This website, including all related equipment, networks, and network devices are provided for authorized users only. All records, reports, email, software and other data received by or residing upon this website are strictly confidential and the property of CGI. Any unauthorized user who knowingly accesses this website, or knowingly modifies the contents of this website may be guilty of an offense.


PLEASE ALSO SEE OUR TERMS OF USE and PRIVACY POLICY