West Indies General Insurance Company Limited (WIG) evolved out of a thought that was conducive to the CARICOM approach to localise as a means of arresting the flight of capital and savings from member states.
Primarily, our aim was and still is to reinvest profits to help the financial development of the state and sub-region.
Before 1977, the then renowned London-based English & American Insurance Company Limited- (E&A) operated here in Saint Lucia and other windward islands through its agent Julian R. Hunte & Co Limited.
In 1977, a fervent ambition of Julian R Hunte was realised with the formation of a company jointly owned by himself and English and American Insurance Company Limited, with majority interest being held by the former. The directors of the London based company appreciating the aim towards national goals, agreed to the control of West Indies General Insurance Company Limited being in Saint Lucia with Julian R Hunte, and with E&A providing support and technical expertise.
A significant aspect of the development of West Indies General Insurance Company Limited has been our commitment to localised management. Although we began operations with managers from the United Kingdom who gave service for three years, part of our process was training St. Lucians to fill those roles. By the end of 1979, the local staff had effectively assumed control.
From inception, WIG has been able to attract business successfully and have grown from strength to strength year after year. After many years of steady growth and fluctuating fortunes, we have established ourselves with a splendid reputation for integrity not easily matched. More importantly, over the years, our practice of prompt and fair claim settlement has become widespread.
Now in our 40th year, we continue to seek new ways to facilitate growth and longevity as we preserve the ideals of our founding members.
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