HomeInsuranceBilly Craig and MGI Insurance coverage Brokers mix operations

Billy Craig and MGI Insurance coverage Brokers mix operations

Billy Craig and MGI Insurance coverage Brokers have mixed their operations and portfolios to kind BCMG Insurance coverage Brokers by a cashless transaction.

Each corporations final Thursday introduced their merger to kind a bigger group of specialists to scale the business with dominant gamers.

Upon completion of the merger, BCMG Insurance coverage Brokers will rank among the many prime 5 of Jamaica’s 25 insurance coverage brokers.

BCMG’s new insurance coverage brokers can be managed by William Craig, government chairman, and Thomas Smith, as CEO. Craig and Smith had been beforehand CEO and Managing Director of Billy Craig Insurance coverage and MGI Brokers, respectively.

Each males carry a wealth of business expertise to their present positions. Collectively they’ve roughly 45 years of company expertise within the insurance coverage business.

“The mixture of Billy Craig Insurance coverage Brokers with MGI Brokers will present our purchasers with innovative options with a extremely expert, forward-looking group that can revolutionize the best way we conduct the insurance coverage enterprise,” stated Craig, Government Chairman of BCMG.

Smith added: “This partnership is anticipated to lead to important development in market share, business growth and constructive change in our neighborhood.”

The BCMG group is sharing a photograph op on the BCMG Media Launch to be held on the Jamaica Pegasus on Thursday 18 November 2021.

BCMG operates a diversified portfolio of services and products, together with basic insurance coverage, worker advantages, worldwide healthcare, danger administration, and customized specialist insurance coverage companies.

The corporate has a consumer base of roughly 1,200 purchasers, whose enterprise is concentrated on offering business and particular person specialised insurance coverage companies to business purchasers in all kinds of industries, together with manufacturing, engineering, hospitality, tourism, monetary establishments and retail.

The mixture of the 2 organizations was flawless as each corporations used comparable expertise platforms, Epic Guarantee and Dealer One. Each corporations additionally had comparable company cultures and enterprise methods.

BCMG operates from three places of work, two in Kingston and one in Montego Bay, and employs roughly 75 folks.

There have been no employees layoffs or department closings as the brand new enterprise expects important development over the subsequent 12-18 months.

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