The Insurance Association of the Caribbean (IAC) was the “brainchild” of a small group of visionaries (industry leaders from Jamaica, Trinidad & Tobago, Guyana and Barbados) who wanted to prepare the indigenous insurance industry for the future challenges of the remaining century. This was catalysed in part by:

The signing of the Chaguaramas Treaty in July 1973

Rapid growth of the insurance industry in the Caribbean

Much of the preparatory work was done between 1972 and 1973, as the forefathers travelled to various Caribbean territories to convince industry leaders of the need for such a pioneer association. The proposal was discussed in Barbados on June 7th and 8th 1974, at what was touted to be the “most important meeting”. In Trinidad, four short months later, representatives of the Caribbean insurance industry decided to proceed with its establishment.

THE VISIONARIES

  • Dennis Lalor
  • Roger Gonsalves
  • Peter Thomas
  • Aubrey McLeod
  • Douglas Bennett
  • Richard Fontaine
  • Cyril Monsanto
  • Peter Salvary
  • Geoffrey Inglefield
  • Bertrand Doyle
  • Louis Rostant
  • Cecil deCaires
  • Arthur Belgrave

The Inaugural Meeting of the IAC was held on October 30th, 1974 in Kingston, Jamaica in the presence of over 302 delegates from the Caribbean, Europe, and South America. The Association ultimately approved the membership of some 44 insurance companies from Bahamas, Barbados, Bermuda, Guyana, Jamaica, and Trinidad & Tobago.

PRESIDENTS

Period Country President
2015 – 2019 Jamaica Mr. Eric Hosin
2013 – 2015 Barbados Mr. David Alleyne
2009 – 2013 Trinidad Mr. Douglas Camacho
2007 – 2009 Guyana Mr. Keith Cholmondeley
2005 – 2007 Jamaica Mr. Earl Moore
2003 – 2005 Barbados Mr. Steven Stoute
2002 – 2003 Barbados Mr. David Deane
2001 – 2002 Antigua Dr. R Barthley (Deceased)
1999 – 2001 Trinidad & Tobago Mr. Ray Sumairsingh
1997 – 1999 Guyana Mr. Errol Cheong
1995 -1997 Jamaica Mr. Peter Thwaites
1994 – 1995 Barbados Mr. J W (Bill) Highton
1992 – 1994 Bahamas Mrs. Orinthia Nesbeth
1990 – 1992 Trinidad & Tobago Mr. Charles Patterson
1988 – 1990 Guyana Mr. Hans Barrow
1987 – 1988 Jamaica Mr. Aubrey McLeod (Deceased)
1985 – 1987 Barbados Mr. Thomas Peirce (Deceased)
1984 – 1985 Bahamas Mr. Peter Philips
1982 – 1984 Trinidad & Tobago Mr. Bertrand Doyle
1980 – 1982 Guyana Mr. Hugh George
1978 – 1980 Jamaica Mr. Peter Thomas
1976 – 1978 Barbados Mr. Cecil deCaires (Deceased)
1974 – 1976 Trinidad & Tobago Mr. Cyril Monsanto (Deceased)