May 2015 Financial News

Local agency becomes a full-fledged branch (Barbados)

May 01, 2015

AS of today, May 1, 2015, Brydens Insurance which hitherto operated as an insurance agency will become a fully operating branch of Tatil Insurance, as the company strives to deliver even better service to its customers.

“Brydens has always written policies through Tatil Insurance in Trinidad, but this new status will allow a more direct approach as the client will now deal directly with the insurance provider,” stated Richard Ince, General Manager of Brydens Insurance.

In explaining what this new status will mean for its customers, Ince highlighted that there will be very little change that customers will see.

“What they should notice,” he added, “is a faster turnaround time in getting approvals and it will allow us to price our product more competitively as we further streamline the operation.”

He went on to clarify that instead of an agency with 35 persons, Brydens Insurance now has the full resources of 180 persons including the Tatil office in Trinidad, opening up to Brydens Insurance all the technical and operational resources of one of the Caribbean’s leading insurers, which should result in greater efficiencies and better communications.

President and CEO of the ANSA McAL group, Nicholas Mouttet, of which Brydens Insurance is a subsidiary, explained “We have been looking at ways by which we could make Brydens Insurance more efficient and by this move to being a branch, we have found it.”

Source:
Barbados Advocate
Friday May 1, 2015

http://www.barbadosadvocate.com/newsitem.asp?more=business&NewsID=43109