Bahamas First General Insurance
Bahamas First General Insurance is a Nassau-based general insurance carrier founded in 1983 that provides insurance solutions to households, individuals, and businesses across The Bahamas, operating with a workforce of 101-250 employees under a private, for-profit structure.
- Company typePrivate
- Founded1983
- HeadquartersNassau, Bahamas
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Bahamas First General Insurance does
Bahamas First General Insurance is a Bahamian general insurance carrier founded in 1983 and headquartered in Nassau, The Bahamas. The company provides insurance solutions to three principal customer groups: households, individuals, and businesses, positioning it as a multi-line general insurer serving both personal and commercial lines of business in the domestic Bahamian market.
The company operates with a workforce of 101-250 employees, consistent with a mid-sized regional insurance carrier. No specific product catalogue, technology platform, or distribution architecture was disclosed in the available input data — the company's website returned only a loading/verification page at the time of capture, limiting visibility into its digital infrastructure, underwriting systems, or claims platforms.
Leadership comprises Patrick Ward as President & CEO and Andrae Thompson as Group Chief Financial Officer. The company is structured as a for-profit private entity. No parent company, ownership structure, funding history, M&A activity, partnership network, or customer logos were disclosed. As a result, the company's revenue model, pricing mechanics, capital structure, and growth trajectory cannot be characterized from available evidence; the profile here is limited to firmographic, geographic, and leadership identification data.
Bahamas First General Insurance firmographics
Firmographics- Name
- Bahamas First General Insurance
- Website
- https://bahamasfirst.com
- Company type
- Private
- Founded year
- 1983
- Operating status
- Unknown
- Headcount range
- 101–250 employees
- Short description
- Bahamas First General Insurance is a Nassau-based general insurance carrier founded in 1983 that provides insurance solutions to households, individuals, and businesses across The Bahamas, operating with a workforce of 101-250 employees under a private, for-profit structure.
- Ownership category
- akta.pro rank
Bahamas First General Insurance industry classification
Industry- Product category
- General Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Small Business BOP (Main Street) (FSAJAFAA)
- akta.pro secondary industry
- Mid-Market Commercial Package (Package Policies) (FSAJAFAB)
Keywords
Where Bahamas First General Insurance is headquartered
LocationHeadquarters
- HQ city
- Nassau
- HQ country
- Bahamas
Markets served
Bahamas First General Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Bahamas First General Insurance product offering
Product offeringCore offering
Bahamas First General Insurance provides general insurance solutions to households, individuals, and businesses. The firm underwrites and delivers coverage products typical of a Bahamian general insurer, serving local retail and commercial customers from its Nassau headquarters.
Differentiator
Problem solved
Functional benefit
Companies that use Bahamas First General Insurance
Customer profileIdeal customer profiles2 records
Bahamas First General Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bahamas First General Insurance partnerships and signals
Strategic signalRecent moves1 record
Bahamas First General Insurance competitors and assessment
Company assessmentRegional players
- Tower Insurance (Caribbean): Caribbean general insurance carrier with operations across multiple Eastern Caribbean territories. Comparable to Bahamas First as a regional P&C insurer with household and commercial offerings.
- BCIC (Barbados-based insurer): Barbados-headquartered general insurer with operations across the Eastern Caribbean. Comparable to Bahamas First as a Caribbean general P&C carrier serving households and commercial clients, though operating in a different primary geography.
- Argus Group (Bermuda): Bermuda-based insurance and financial services group operating in the Atlantic/Caribbean region. Comparable to Bahamas First as a regional multi-line insurer serving households and businesses in Caribbean-adjacent geographies.
- NCB Insurance Company (Jamaica): Jamaica-based general insurer offering motor, property, and commercial lines to households and businesses. Comparable to Bahamas First as a Caribbean general insurer with a similar multi-segment book, though anchored in Jamaica.
- CFC (Cayman First Insurance): Cayman Islands-based general insurance carrier serving households and commercial clients. Comparable to Bahamas First as a small-island-Caribbean general insurer with similar product mix and customer segments, though based in a different territory.
Direct peers
- Guardian Group: Pan-Caribbean insurance and financial services group offering general insurance, life, and pensions across multiple territories. Directly comparable to Bahamas First as a multi-line general insurer operating in the Caribbean with similar household, individual, and commercial customer segments.
- Sagicor Group: Caribbean insurance and financial services group with general insurance and life operations across multiple Caribbean territories. Comparable to Bahamas First as a multi-line Caribbean general insurer serving both consumer and commercial markets.
- ICBL (Insurance Company of the Bahamas): Bahamas-based general insurance carrier serving households and businesses with property, motor, and commercial lines. Highly comparable given shared Bahamas market and similar customer segments.
- Colina Holdings Bahamas: Bahamas-based insurance and financial services holding company offering general insurance, life, and health products. Most direct comparable to Bahamas First given shared Bahamas domicile and overlapping multi-segment insurance offering.
- United Insurance Company (Bahamas): Bahamas-based insurance carrier offering general insurance products to households and businesses. Direct comparable to Bahamas First given shared Bahamas market and overlapping product lines.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights4 records
Customer concentration
Bahamas First General Insurance social profiles
Digital presenceBahamas First General Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bahamas First General Insurance leadership team
Management profileNumber of profiles
Profiles2 records
Bahamas First General Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bahamas First General Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bahamas First General Insurance
What does Bahamas First General Insurance do?
Bahamas First General Insurance provides general insurance solutions to households, individuals, and businesses. The firm underwrites and delivers coverage products typical of a Bahamian general insurer, serving local retail and commercial customers from its Nassau headquarters.
When was Bahamas First General Insurance founded?
Bahamas First General Insurance was founded in 1983. It employs 101 to 250 people.
Where is Bahamas First General Insurance based?
Bahamas First General Insurance is headquartered in Nassau, Bahamas.
Who are Bahamas First General Insurance's main competitors?
Regional players on record are Tower Insurance (Caribbean), BCIC (Barbados-based insurer), Argus Group (Bermuda), NCB Insurance Company (Jamaica) and CFC (Cayman First Insurance). Direct peers are Guardian Group, Sagicor Group, ICBL (Insurance Company of the Bahamas), Colina Holdings Bahamas and United Insurance Company (Bahamas).
Does Bahamas First General Insurance have an API?
No public API is recorded for Bahamas First General Insurance.
What industry is Bahamas First General Insurance in?
Bahamas First General Insurance's product category is General Insurance. Its primary akta.pro industry code is FSAJAFAA, Small Business BOP (Main Street), with a secondary code of FSAJAFAB, Mid-Market Commercial Package (Package Policies). Its NAICS code is 524126 and its SIC code is 6331.