ICBL investments pay off

THE INSURANCE CORPORATION of Barbados Ltd recorded profit in excess of BDS $14 million last year, another consecutive year of a sound profit-making performance according to ICBL chairman John Wight.
Bermuda Fire and Marine Limited acquired majority ownership of ICBL in 2006 after paying Government over $51 million for 51 per cent of ICBL shares in 2006.
Speaking at a cocktail reception hosted for some of the company’s top clients at Port St Charles last night, Wright said the investment in marketing and the focus on customer service had been reaping results, enabling the company to expand its customer base with people making the switch from other insurance companies.  
Wright said ICBL had become more aggressive in the marketplace; and continued to design products and services that met the needs of customers. (GC)