The Insurance Corporation of Barbados Limited (ICBL) is Barbados’ only composite insurance provider, writing business in all areas of General, Life & Health Insurance. A stable and strong market leader, ICBL was established in 1978 as a statutory corporation and subsequently privatized in December 2000.
ICBL has developed a sound reputation in the financial services sector in Barbados and has maintained a consistent A.M. Best A-(Excellent) rating. Our stakeholders have confidence in our financial stability and in the fact that our capital reserves exceed statutory requirements.
ICBL proudly serves the interest of over 2300 shareholders inclusive of institutional investors and individuals. Our shares, which represent 48.3% of the company’s ownership, are traded on the Barbados Stock Exchange. BF&M Limited in Bermuda, through its wholly owned subsidiary, Hamilton Financial Limited domiciled in St. Lucia, is the major shareholder with approximately 51.7% interest in the issued and outstanding shares of the company.
Committed to serving others, ICBL holds true to its corporate social responsibility and over the years has contributed significantly to the development of the Barbados’ youth and social development. Educating the public on healthy living is also at the core of our public health and wellness focus. An advocate for green living, ICBL has been certified as a green company since 2013.
Our business is founded on truth, trust and transparency and we seek to ensure that our customers’ needs are met in every instance, whatever the challenge our clients are assured that we are there when they need us most.