Sagicor Reorganisation in Trinidad and Tobago- Sagicor

Our Brand

The name Sagicor is a combination of two words, "Sage" meaning wise and "Cor" for heart or judgement.

Our Vision

Sagicor's vision is "To be a great company committed to improving the lives of the people in the communities in which we operate".

Our Values

We strongly believe in the Sagicor's values of being a Timeless, Borderless, and Colourless entity.

Corporate Social Responsibility

Learn how Sagicor works to improve the lives of the people in the communities in which it operates.

Customer Testimonials

Read what our valued customers have to say about us.

Sagicor Life Insurance Trinidad and Tobago Limited

As the Barbados Mutual Life Assurance Society, Sagicor has had an office in Trinidad since the 1850s. Today, with our Head Office around the Savannah and five sub-branches, we provide financial and insurance-based products across the twin-island republic.

Sagicor General Insurance Trinidad and Tobago Limited

We at Sagicor General pride ourselves on delivering the best possible insurance protection for home, vehicle, commercial, and travel. We are one of the longest-running general insurance companies operating in the Caribbean, and excel in efficiency, excellent customer service, and settling claims quickly.

Sagicor Financial Company Ltd

Sagicor has been in business since 1840 and our longevity can be attributed to our savvy business practices and skill in creating shareholder value. As the second-oldest insurer in the Americas, we’ve learned a thing or two about being successful. Nested within this corporation are our other companies.

Careers at Sagicor

Learn more about Sagicor’s exciting career options.

Join Our Team

Are you interested in working at Sagicor? We’d love to meet you. Find out how to join our team.

Sagicor Life Inc Management Team

Want to learn more about the executives responsible for Sagicor Life Inc? Here’s everything you need to know.

Sagicor General Insurance Inc Management Team

We’d like to introduce you to the executive management team of Sagicor General Insurance Inc.

Sagicor General Financial Reports

View the latest and archived SGI financial reports.

Subsidiary Reports

View the financial performance of our subsidaries.

Corporate Governance Architecture

Our board of directors has approved the adoption of a group-wide, risk-based, corporate governance architecture, which conforms to best practices around the world.

Business Continuity Management

Sagicor is committed to protecting its employees, clients, and other assets at all times, including during emergencies or significant business disruptions.

Code of Ethics Policy

The code is based on the concept of the moral, ethical and legal obligation owed by Sagicor directors, management, employees, and advisors to various stakeholders.

Reporting Breaches

Consider this our open invitation to employees, advisors, and other interested parties to become familiar with our governance policies and to report breaches or suspected breaches of any corporate policy or other possible fraudulent activity to our management.

Understanding FATCA

As part of the Foreign Account Tax Compliance Act, Sagicor is required to submit information on its US customers to the US Internal Revenue Service (IRS) or indirectly through domestic authorities.

Accident Insurance

Accidents can happen anywhere, anytime and affect the quality of life you enjoy. Our coverage includes loss or damage during a burglary, transporting money, mortgage indemnity, jewelry, travel and more.

Health Insurance

When you have access to the best healthcare available, even though you may not need it, it means you and your family can get busy living life to the fullest.

Liability Insurance

Liability insurance provides a person with protection against claims resulting from injuries and damage to people and/or property.

Life Insurance

The thought of knowing your family and loved ones are safe, even if you are no longer around, gives you a peace of mind that can’t be underestimated. And because every person’s life and needs are different, we have products that can suit you at any stage of your life.

Marine Insurance

Your private boat is considered one of your most valuable possessions. This is important for you and your family, especially on those much needed getaways. Our coverage protects your yacht or pleasure boat from any unforeseen circumstances.

Motor Insurance

No question, owning a vehicle brings freedom and enhances your life. But in the event of a collision, you need someone to take care of things. Proper insurance can protect you, your vehicle, or any damage or loss as a result of an accident.

Travel Insurance

From a once-in-a-lifetime trip to the Australian Outback to a pleasure craft cruise off the Grenadines, rest assured that Sagicor General’s Travel Insurance has you covered.

Property Insurance

Your home is a valuable asset—after all, it’s where you and your family live. In the event of a fire, natural disaster, or theft of your possessions, it’s a great comfort to know they can be replaced.

Home Equity Financing

If you have a large expense, like a renovation coming up, you don’t need to save for it; with Home Equity Financing you already have. Your home has value that is available to you.

Residential Land Loans

You have a dream home in your mind’s eye, and the perfect land to build it on—your little slice of heaven. We have the means to make that parcel of land yours, and to make that dream a reality.

Residential Mortgages

It’s the most significant purchase you’re likely to ever make. But owning your own home also brings a sense of security to you and your family. Sagicor helps you achieve that.

Tax Secure Annuity Plan

The TSAP is an accumulated deferred annuity plan, approved under Section 26 (individual) and under section 134-6 (corporate) of the Income Tax Act of Trinidad & Tobago.

Sagicor GO Mutual Funds

If you’re a modest or even a high-risk tolerant investor looking for a medium to long term investment, our Mutual Funds may be right for you.

Sagicor US$ Global Balanced Fund

Invest in local, regional, and even international shares, stocks, and bonds, through the Sagicor US $ global fund.

Sagicor TT$ Fixed Income Fund

Give your portfolio a more competitive edge. Our goal is to create long-term wealth for you.

Sagicor Unregistered Retirement Earner

Enjoy the retirement you deserve with the Sagicor Unregistered Retirement Earner. The plan is an investment tool, which ensures financial peace of mind for today and the future.

Tax Secure Annuity Plan

The TSAP is an accumulated deferred annuity plan, approved under Section 26 (individual) and under section 134-6 (corporate) of the Income Tax Act of Trinidad & Tobago.

Accident Insurance

At your business, or on the road, accidents can happen any moment. Protecting your business from damage or loss is paramount to the continuity of any business entity.

Bonds Insurance

We offer various types of bonds namely Bid/Tender, Performance, Custom and Advance Payments Bonds. Bonds are not insurance policies in the true sense of the word but financial guarantees.

Group Life and Health Insurance

Show concern for your employees’ well-being and that of their families, and they will return the favour. After all, a happy hard-working employee is a healthy one.

Liability Insurance

Liability insurance provides your company with protection against claims resulting from injuries and damage to people and/or property.

Marine Insurance

Is your vessel used for commercial purposes? Let’s take away your worries and calm your mind, just like the ocean, as we cover you from waves of financial debt.

Motor Insurance

Cover your commercial vehicles with our motor policy. Our coverage includes hired vehicles, taxis, PSVs, company owned vehicles, those used for delivery and more.

Property Insurance

Every business or commercial enterprise should seek to protect its physical assets with our commercial property insurance coverage. Coverage includes fire, flood, earthquake, theft and more.

Sagicor Business Growth Solution

As your business evolves, Sagicor will be with you every step of the way. Your future will look brighter with this plan that allows you to save, invest and protect you, your family and your business.

Small Business Group Health Plan

Now you can have a small business with big benefits! Your employees are your greatest assets. Let's take care of them and their families with our attractive health plan.

Corporate Tax Secure Annuity Plan

Sagicor’s Corporate Tax Secure Annuity Plan is an accumulated deferred annuity, approved under Section 134 (6) of the Income Tax Act of Trinidad & Tobago.

Commercial Land Loans

Consider the costs of renting for your business operations. Owning your own property could prove to be more beneficial – not only are you rent-free, but you’re purchasing a business asset that could increase in value. Sagicor can help make that a reality.

Commercial Mortgages

When your business reaches the threshold of needing more land or property, or even renovating or constructing a new structure, our commercial mortgages can smooth that transition with customised payment options and flexibility.

Group Retirement Solutions

Sagicor offers group retirement solutions to suit your business’ needs. Group retirement means your employees can share in a special savings plan that benefits them, after years of loyal service to your business.

Share your feedback

Sagicor values your feedback and considers all issues, whether they be complaints or compliments, to be essential in evaluating and improving our service and product offerings to you. Report these issues using our Service Quality Form.

Pay Online

Pay your life, health, motor, property and general insurance premiums; even your mortgage easily and conveniently using our Sagicor GO mobile app and client portal.

Find an Agent

Need our services? A Sagicor agent in our network is eager to serve you. Find one close by.

Message Us on WhatsApp

Another convenient way for you to connect with us. Simply save this number (246) 467-7243 (SAGE), to your contacts.

Find a Location

Wish to visit one of our offices? Find your nearest Sagicor location.

If you have comments, questions or suggestions, we’re ready to listen. Use our convenient client contact form.

Live Chat

Need help quickly? Our agents are standing by.

Book our Virtual Customer Experience Room

Enjoy a safe, contact-less customer experience. Call 800-SAGE to make your booking today

Report a Claim

We realise accidents and loss happen. The Sagicor team can help you through your entire claims process. Learn how to report life, health, motor, or home insurance claims.

Group Life & Health

Find out how to file a group life and health claim.

Individual Health

Learn how to make a health insurance claim.

Individual Life

Find out the steps you need to take to report a life insurance claim.

Motor

Find out the steps you need to take to report a motor insurance claim.

Property

Find out the steps you need to take to report a home insurance claim.

Travel

Find out the steps you need to take to report a travel insurance claim.

Visit our Blog

If you’d like to learn more about insurance, home ownership, investments, and even retirement planning, our blog contains handy posted articles on these and other financial topics.

Buying Guides

Insurance and finance can often be complex. Here are some convenient buying guides to help you better understand these subjects.

Customer Service Standards

We want to serve you better and commit to putting your first.

Find a Medical Provider

Search the Sagicor Core Network to find a medical provider near you.

Frequently Used Terms

Want to be more informed? Know and understand insurance and financial terms by learning the meanings of frequently used terms in our glossary.

Investment Tips

Investments simplified. Here are a few tips to guide you to your future.

Sagicor GO Mobile App

Manage all of your life, motor, home and travel insurance policies (even your mortgage) while on the go with Sagicor GO. Download the app here.

Ways to Pay

You want to pay your premiums for life, health, motor, home, travel and general insurance, your way. That’s why Sagicor gives you more options.

Advisor Portal Login

Sagicor Advisor Reporting Solution is an interactive website, specifically designed to allow advisors to view information about their clients.

Do you have a Group Life and Health policy? If you are an administrator, log in to manage your company’s account.

Manage Your Sagicor Policy

Manage everything about your life and general insurance policies, view statements, premium payments, and even change your contact details, with our convenient online portal.

Manage Your Claims

If you are a Group Life and Health administrator, log in to manage your CariCare claims.

Manage Your Mutual Funds

Have you purchased mutual funds in Barbados or Trinidad? Log in here to manage them.

Manage Your Pension

As a member or administration of a Group Pension plan, you can log in to view your company’s contributions.

Staff Benefits Portal

As a member or administration of a Group Pension plan, you can log in to view your company’s contributions.

Application Forms

Download application forms for health, life, motor, travel, home insurance, and mortgages.

Claim Forms

Download claim forms for health, life, motor, travel, and home insurance.

General Insurance Proposal Forms

Download the proposal forms for home, motor, small business and more.

Group Life and Health Forms

Now you have convenient access to download forms for Group Life and Health Insurance policies.

Mortgage Forms

Download your mortgage application forms here

Other forms

Not an application or claim? All your other forms to manage your policy can be found here.

Important Notices

Find the very latest updates and important notices here.

In the Community

Sagicor is committed to improving the lives of the people in the communities in which we operate. Find out more.

Sagicor in the News

See the latest news stories about Sagicor published in the local media.

Press Releases

You can access the press releases we provide news media, detailing our announcements, and other corporate news, here.

Latest Tweets

Follow @SagicorGroup on Twitter to get the latest tweets and updates.

Corporate Social Responsibility

People invest in us, and so we invest in them and the communities they live in. Learn how our company works to improve people’s lives.

Sagicor Reorganisation in Trinidad and Tobago

SAGICOR FINANCIAL COMPANY LTD.

Sagicor Financial Company Ltd. (TSX:SFC) is a leading financial services provider in the Caribbean, with over 180 years of history, and has a growing presence as a provider of life insurance products in the United States. Sagicor offers a wide range of products and services, including life, health and general insurance, banking, pensions, annuities and real estate. Sagicor's registered office is located at Clarendon House, 2 Church Street, Hamilton, Bermuda, with its principal office located at Cecil F. De Caires Building, Wildey, St. Michael, Barbados. Additional information about Sagicor can be obtained by visiting www.sagicor.com.

SAGICOR LIFE INC.

Through its legacy company, The Barbados Mutual Life Assurance Society, the Sagicor Group has been operating in Trinidad and Tobago since the 1850’s. The Barbados Mutual Life Assurance Society demutualized in 2002 to become Sagicor Life Inc. (“SLI”). SLI, which is a wholly-owned subsidiary of SFCL, is incorporated under the provisions of the Companies Act Chapter 308 of the Laws of Barbados and is registered as an external company under the Companies Act, Chapter 81:01 of the Laws of Trinidad and Tobago. SLI was registered as a life insurer under the former Insurance Act, Chapter 84:01 of the Laws of Trinidad and Tobago.

SAGICOR GENERAL INSURANCE INC.

Sagicor General Insurance Inc. (“SGII”) is incorporated under the provisions of the Companies Act Chapter 308 of the Laws of Barbados and is registered as an external company under the Companies Act, Chapter 81:01 of the Laws of Trinidad and Tobago. SGII is a majority-owned subsidiary of SLI and has been operating in Trinidad and Tobago since 2004. SGII was registered as a general insurer under the former Insurance Act, Chapter 84:01 of the Laws of Trinidad and Tobago.

LEGISLATIVE CHANGES

Under the Insurance Act, 2018 (as amended) of the laws of Trinidad & Tobago (the “Act”), insurance business must be conducted through entities incorporated in Trinidad & Tobago. To achieve compliance with the Act, existing foreign insurers must complete their reorganizations by June 30, 2023. Both SLI and SGII are were foreign insurers conducting business through branches and were required to reorganize their operations in Trinidad and Tobago.

SAGICOR REORGANISATION

As a result of the legislative mandate to conduct insurance business through local companies, Sagicor incorporated two new companies in Trinidad and Tobago, Sagicor Life Insurance Trinidad & Tobago Limited (“SLITT”) and Sagicor General Insurance Trinidad & Tobago Limited (“SGITT”). SLITT is registered under the Act as a life insurer and SGITT is registered as a general insurer.

SLITT is a wholly-owned subsidiary of SLI and will serve as the operating holding company for Sagicor’s financial entities in Trinidad and Tobago, including SGITT. A simplified corporate chart that illustrates the foregoing can be found here.

Effective January 31st, 2023 (the "Effective Date"), SLI and SGII have transferred their undertakings in Trinidad and Tobago to SLITT and SGITT respectively, via Schemes of Transfer (the “Schemes”). The Schemes will not impact the policy rates; terms and conditions; coverage and benefits; and service and administration of policies. SLITT has assumed and taken responsibility for all SLI policies in force in Trinidad and Tobago as at the Effective Date of its Scheme. Similarly, SGITT has assumed and taken responsibility for all SGII policies in force in Trinidad and Tobago as at the Effective Date of its Scheme.