Caribbean Alliance Insurance

What Caribbean Alliance Insurance does

Caribbean Alliance Insurance Company Limited (CAIC) is a privately held, Antigua & Barbuda–domiciled general insurance carrier founded in 1988, operating across 14 Caribbean territories (Anguilla, Antigua & Barbuda, Bahamas, Barbados, British Virgin Islands, Cayman Islands, Dominica, Dutch St. Maarten, Grenada, Montserrat, St. Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Turks & Caicos) with additional representation in Ascension Island and the Falkland Islands. The company underwrites both personal lines (home, home contents, motor, marine, travel) and commercial lines (material damage, business interruption, public/products liability, employer's liability/workmen's compensation, contract works, commercial motor), serving consumers, SMBs, and commercial accounts primarily through agent- and branch-mediated distribution supplemented by online quote origination. CAIC carries an A.M. Best A (Excellent) Stable Financial Strength Rating — described as the highest among Caribbean insurers — and is regulated by the local Financial Services regulator in each territory of operation.

Revenue is generated through recurring annual insurance premiums, with billing on an annual cadence and pricing delivered through quote-based individual underwriting rather than published rate cards. The go-to-market motion is a hybrid model: a network of company-owned branch offices in major territories (Antigua HQ plus Falmouth Harbour, Jolly Harbour, Bahamas, Barbados, Cayman Islands, Dominica, Montserrat, St. Lucia including Vieux Fort, St. Vincent) and independent agent relationships in markets where direct licensing is impractical (e.g., Island Insurance Ltd. in Anguilla, Caribbean Insurers Ltd. in BVI, Delisle Walwyn & Co. Ltd. in St. Kitts & Nevis, Richard McIntyre Insurance Agents Ltd. in Grenada, The Insurance Centre in Turks & Caicos). Customers can obtain quotes and pay premiums online via the corporate website and through integrations with ACB, CIBC FirstCaribbean, ECAB, and Scotiabank, with credit/debit card payments processed via a PCI DSS–compliant third-party gateway using 3-D Secure.

The technology footprint is conventional for a mid-sized regional insurer: the corporate website is built on Umbraco CMS with an ASP.NET backend, uses Google Analytics, and the company has no mobile app, no public API/SDK, and no disclosed proprietary underwriting platform or AI/ML tooling. There is no evidence of disclosed funding, institutional investors, parent company, or acquisitions; CAIC operates as an independent private insurer with no public ticker and no stated headcount, focused on organic multi-territory underwriting rather than inorganic growth.

Name

Caribbean Alliance Insurance

Legal name

Caribbean Alliance Insurance Company Limited

Website

https://caribbeanalliance.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Caribbean Alliance Insurance is a privately held, Antigua & Barbuda–domiciled general insurance carrier founded 1988, underwriting personal and commercial lines across 14 Caribbean territories and two Atlantic outposts via owned branches and independent agents, with an A.M. Best A (Excellent) Stable rating.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

akta.pro secondary industries

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB), Commercial Package / Business Owners Policies (BOP) (FSAJAMAG), Commercial Umbrella Insurance (FSAJANAB)

Keywords

• Property insurance
• Motor insurance
• Marine insurance
• Commercial insurance
• Travel insurance

Headquarters

HQ city

Saint John's

HQ country

Antigua & Barbuda

Offices18 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: The company generates revenue through insurance policy premiums. Premium payments can be made online via credit/debit card through a third-party payment gateway, or in person at branches/agents. Policy renewals are a key recurring revenue stream.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Caribbean Alliance Insurance underwrites and distributes a full line of general insurance products for individuals and businesses across the Caribbean, including home, motor, marine, and travel cover for personal customers, and material damage, business interruption, liability, employer's liability, contract works, and commercial motor cover for commercial customers. Policies are priced on a quote basis, supported by local branch and agent networks across 14+ territories, with online quoting and premium payment via the company website and partner banks.

Product overview

Caribbean Alliance Insurance is a Caribbean-based insurance provider offering a unified portfolio of personal and commercial insurance products. The personal product line includes Home Insurance, Home Contents Insurance, Personal Motor Insurance, Marine Insurance, and Travel Insurance. The business/commercial product line includes Material Damage Insurance, Business Interruption Insurance, Public and Products Liability Insurance, Employer's Liability/Workmen's Compensation Insurance, Contract Works Insurance, and Commercial Motor Insurance. All products are distributed through a network of branch offices and agents across 14+ Caribbean territories. The company also provides online quote capabilities and bill payment services integrated with regional banking institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Insurance Home insurance coverage protecting residential properties against a wide range of perils, including hurricane and natural disaster coverage, for homeowners across Caribbean territories.
• Home Contents Insurance Coverage for personal belongings and household contents within the insured home, complementing Home Insurance for residential customers.
• Personal Motor Insurance Motor vehicle insurance covering private cars and special vehicles including construction-related vehicles for individual owners.
• Commercial Motor Insurance Commercial vehicle motor insurance covering business fleets and commercial transportation vehicles used by Caribbean businesses.
• Marine Insurance Marine insurance coverage for personal watercraft and boats, protecting vessel owners against damage, theft, and maritime liability in Caribbean waters.
• Travel Insurance Travel insurance providing coverage for trip cancellations, interruptions, medical emergencies, and other travel-related risks for individual travelers.
• Material Damage Insurance Business insurance covering physical commercial assets, including buildings, equipment, and stock, against damage from covered perils such as fire, storm, and natural disasters.
• Business Interruption Insurance Coverage for loss of income and ongoing operating expenses when business operations are interrupted by covered events, typically paired with Material Damage cover.
• Public and Products Liability Insurance Liability coverage protecting businesses against third-party claims for bodily injury or property damage arising from business operations or products.
• Employer's Liability / Workmen's Compensation Insurance Workers' compensation and employer's liability coverage for workplace injuries and occupational hazards, addressing statutory and common-law employer obligations.
• Contract Works Insurance Construction insurance covering contract works, builder's risk, and construction-related projects during the build phase for contractors and project owners.

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Four partnerships are on record, tiered minor.

• ACB (Antigua Commercial Bank)minorChannel Partner/ Reseller/ DistributorOnline banking partner for premium payments. Customers can pay insurance policy renewals through ACB's online banking services.
• CIBC FirstCaribbeanminorChannel Partner/ Reseller/ DistributorOnline banking partner for premium payments. Customers can pay insurance policy renewals through CIBC FirstCaribbean online banking services.
• ECAB (Eastern Caribbean Automated Clearing House)minorChannel Partner/ Reseller/ DistributorOnline banking partner for premium payments. Customers can pay insurance policy renewals through ECAB online banking services.
• ScotiabankminorChannel Partner/ Reseller/ DistributorOnline banking partner for premium payments. Customers can pay insurance policy renewals through Scotiabank online banking services across Caribbean territories.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• AIG: Global insurance carrier with Caribbean regional operations. Overlaps with CAIC in commercial lines and specialty products, particularly for multinational clients and large commercial accounts in the region.
• Chubb: Global P&C insurance carrier with established Caribbean operations across multiple territories. Competes with CAIC in commercial and personal lines, particularly for larger commercial accounts and specialty risks.

Direct peers

• Sagicor: Caribbean-headquartered insurance and financial services group with both life and general (P&C) operations across the region. Competes directly with CAIC in personal and commercial lines across shared Caribbean territories.
• Guardian Group: Pan-Caribbean insurance conglomerate offering personal and commercial general insurance across multiple Caribbean territories. Closest comparable in product breadth, regional footprint, and target customer segments to Caribbean Alliance Insurance.
• Bahamas First Holdings: Bahamas-based general property and casualty insurer offering personal and commercial lines across the Bahamas and Caribbean. Comparable product mix and Caribbean regional focus.
• Insurance Corporation of Barbados Limited (ICBL): Leading Barbados-based general insurance carrier offering motor, property, marine, liability, and commercial lines. Comparable in product portfolio and Caribbean focus, with overlapping geographic presence in the Eastern Caribbean.

Regional players

• Maritime General Insurance: Caribbean-focused insurer with strong marine and general insurance product offerings. Highly comparable given CAIC's marine line, and competes in similar Caribbean territories.
• TATIL Group: Trinidad-based general insurance carrier with growing Caribbean regional presence. Comparable mid-market P&C insurer targeting similar personal and commercial segments across the Caribbean.
• CG Atlantic Insurance: Caribbean-focused insurance subsidiary within the Colonial Group, offering general insurance products across multiple territories. Comparable regional P&C carrier with multi-territory Caribbean presence.
• RF&G Insurance: Belize and Caribbean-headquartered insurance company offering general insurance products across the region. Comparable regional P&C carrier serving similar customer segments in select Caribbean markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/caribbeanallianceinsurance
• Instagraminstagram.com/caribbeanallianceinsuranceco
• LinkedInlinkedin.com/company/caribbean-alliance-insurance-company-ltd-59895a1b2

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caribbean Alliance Insurance