Operating an insurance company in The Bahamas can be a risky business. Potentially catastrophic weather is a constant threat that can result in millions of dollars in settlements being paid out, which can threaten a company’s ability to carry on business.

Bahamas First has weathered many hurricanes with its financial strength intact, thanks to sound risk management practices mastered over more than 20 years serving the local community.

We’re very proud that following hurricanes Frances and Jeanne in 2004, Bahamas First was the first company in the local market and wider Caribbean to receive a financial strength rating of A- (excellent) affirmed by insurance rating agency A.M. Best, the industry’s weather-gauge for financial performance.

A strong reinsurance program helped reduce our losses as a result of the hurricanes to a manageable level. And A.M. Best also recognized our solid capitalization, historically profitable operating results, conservative risk management strategies and leading market presence in their report.