Guardian Life of The Caribbean Limited 

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Guardian Life of the Caribbean Limited  (GLOC)

Who We Are:

Guardian Life of the Caribbean Limited is the flagship company of the Guardian Holdings Group. GLOC is proud of a tradition of continuous service that dates back to 1847 when Standard Life of Edinburgh, Scotland, started doing business in the West Indies. 

Standard Life ceased transacting new business in Trinidad in 1970 and, as a result, merged their Trinidad and Tobago and Barbados portfolios with that of the Jamaica Mutual Life Assurance Society effective November 15, 1972.    Eight years later Guardian Life of the Caribbean Limited was established to accept the Trinidad & Tobago portfolio of Jamaica Mutual in December 1980. 

In 2001, Guardian Life of the Caribbean was rated ĎAí Excellent by A.M. Best, the most prestigious rating agency of insurance companies worldwide. The rating underscores the GLOCís commitment to the full protection of our policyholders by ensuring that our solvency margins remain generous.

What We Do:

GLOC  is engaged in the underwriting of all classes of long-term insurance business as defined in the Insurance Act, 1980, as well as associated investment activities.  The company continues to lead the field in life insurance underwriting in Trinidad & Tobago, with over 70,000 policies, $10.3 billion of total insurance coverage in-force, and assets under management in excess of $2.3 billion.  

The investments of Guardian Life are judiciously spread among local, regional and foreign securities, and its surplus position in relation to liabilities is among the strongest in the industry at 34%. In Trinidad and Tobago, branches are located in Port-of-Spain, Maraval, St. Augustine, Chaguanas, and San Fernando, with a service centre in Scarborough.  Overseas branch offices are located in Curacao and Aruba.

In spite of a mature local market, growth has been steady.  Total premium income and profit available to shareholders were $226 million and $60 million respectively in 2000, both of which have increased at an average 10% per annum over the last two years. 

How We Do It:

Guardian Lifeís continued growth  is  driven by the following key initiatives:

(a)    product innovation Guardian Life was the first to launch unit-linked life and pension contracts, which now dominate new business and has embarked on a major product development initiative, positioning itself to take advantage of the shift in market demand from traditional insurance products to savings products;

(b)    strong and  effective agency distribution system through closer ties with RBTT Financial and insurance brokers, as well as further development of the Internet channel, and

(c)    pursuit of further operating efficiencies.

Mr. Brevard Nelson
Mrs. Maria Mc Millan - Corporate Communications Manager

Guardian Life of The Caribbean Limited
1 Guardian Drive
West Moorings

Phone: 868 632-LIFE (5433)
Fax: (868)632-5695


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Last updated June 8th 2009