Established in 1840 as The Barbados Mutual Life Assurance Society, Sagicor is one of the oldest insurers in the Americas, offering a wide range of products and services including life and health insurance, annuities and pensions, property and casualty insurance, investment services and card processing services.
Two major players in the regional insurance business announced a share deal that would give the Barbados Mutual Life Assurance Society 23% equity in Life of Barbados at a cost of Bds$46 million (US$23 million), reports CANA (April 19, 2000).
He has led the Group through many strategic initiatives, culminating with the demutualization of the Barbados Mutual Life Assurance Society, and its reorganisation as Sagicor.
Nemwil's major shareholders are Barbados Mutual Life Assurance Society, Guardian Life Group and Royal Bank of Trinidad and Tobago, through Bancassurance Caribbean Ltd.
