The presence of a reinsurance company in Barbados could open a new chapter for the industry.
The comment from President of the General Insurance Association of Barbados, Randy Graham as Active Capital Re-Insurance Limited or Active-Re opened operations in Barbados last month.
The top insurance official tells the business report a number of similar companies are registered locally, but none have ever opened an office.
More Stories
Slow-moving Typhoon Krathon kills 2
Accelerate efforts to meet 90-70-90 targets
CRFM: More comprehensive policy & legislation needed