Century Insurance
Century Insurance is a property and casualty insurer serving individuals and businesses across Guam, the Northern Mariana Islands, and Micronesia. Founded in 1988, it offers personal and commercial lines through direct offices, agents, brokers, and retail partners as a subsidiary of Tan Holdings Corporation.
- Company typePrivate
- Founded1988
- HeadquartersHagåtña, Guam
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Century Insurance does
Century Insurance is a property and casualty insurance carrier headquartered in Tamuning, Guam, with operations across Guam, the Commonwealth of the Northern Mariana Islands (CNMI), and the Federated States of Micronesia. The company was established in 1988 as an insurance agent for multinational carriers, converted to underwriting in 1990 as the first domestic insurer in CNMI, expanded to Guam in 2002, and entered Papua New Guinea in 2008 before divesting that subsidiary in 2021 to focus on its core Micronesia and Northern Mariana Islands footprint. It is a subsidiary of Tan Holdings Corporation, whose ultimate parent is the Hong Kong-based Luen Thai International Group.
The company underwrites a seven-line P&C portfolio split into two segments. Personal lines comprise home owners insurance (fire, smoke, explosion, with optional typhoon/earthquake and personal liability), auto insurance (collision, comprehensive, uninsured motorist, personal accident), and travel accident insurance. Business and commercial lines comprise commercial property (office buildings, hotels, apartments, shopping centers, stores, warehouses), worker's compensation, commercial vehicle, and public liability. Pricing is quote-based and reflects individualized risk assessment rather than published tiered rates; premiums are billed annually.
Distribution is multi-channel and includes direct offices in Tamuning (Guam) and Garapan, Saipan; a network of authorized insurance agents and brokers; retail partners Aon Insurance Micronesia (Saipan) and Pacifica Insurance Underwriters; and affiliate broker AB Risk Solutions (formerly Aon Micronesia, acquired by Tan Holdings in 2019). Reinsurance is arranged through Aon Benfield Australia Ltd. Capital adequacy and claims-paying ability are validated by an A.M. Best A- (Excellent) Financial Strength Rating with stable outlook, upgraded to that level in 2024 from prior ratings of B++ (2018) and B+ (2005). The company has no disclosed proprietary technology, patents, APIs, AI/ML capabilities, mobile applications, or external funding; it operates as a traditional insurance carrier within the diversified Tan Holdings conglomerate, which spans hospitality, aviation, petroleum, real estate, logistics, and travel.
Century Insurance firmographics
Firmographics- Name
- Century Insurance
- Legal name
- Century Insurance Company (Guam) Limited
- Website
- https://centuryinsurancegroup.net
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Century Insurance is a property and casualty insurer serving individuals and businesses across Guam, the Northern Mariana Islands, and Micronesia. Founded in 1988, it offers personal and commercial lines through direct offices, agents, brokers, and retail partners as a subsidiary of Tan Holdings Corporation.
- Ownership category
- akta.pro rank
Century Insurance industry classification
Industry- Product category
- Property and Casualty Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Homeowners Insurance (FSAJACAA)
- akta.pro secondary industries
- Public Liability (Premises/Operations) (FSAJADAD), Travel AD&D / Common Carrier Accidental Death Insurance (FSAIALAD)
Keywords
Where Century Insurance is headquartered
LocationHeadquarters
- HQ city
- Hagåtña
- HQ country
- Guam
Offices3 records
Markets served
Century Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations
Revenue model
- Insurance Premiums: Century Insurance generates revenue through property and casualty insurance premiums, offering coverage for homes, autos, businesses, and commercial properties across Micronesia and the Northern Mariana Islands.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Quote-based insurance coverage tailored to individual risk profiles |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Century Insurance product offering
Product offeringCore offering
Century Insurance is a property and casualty insurance carrier underwriting personal lines (homeowners, auto, travel accident) and commercial lines (commercial property, worker's compensation, commercial vehicle, public liability). The company writes policies directly through offices in Guam and Saipan, and indirectly via a network of authorized agents and brokers across Micronesia and the Northern Mariana Islands, supported by reinsurance through Aon Benfield Australia.
Product overview
Century Insurance is a Property and Casualty insurance provider offering a portfolio of personal and commercial insurance products. The personal insurance portfolio includes Home Owners Insurance (covering fire, smoke, explosion with optional typhoon/earthquake coverage and personal liability), Auto Insurance (covering vehicle damage, collision, and uninsured motorists with optional typhoon coverage), and Travel Accident Insurance (covering accidental death, dismemberment, and trip interruption). The business and commercial portfolio includes Property Insurance for commercial properties (office buildings, hotels, apartments, shopping centers, stores, warehouses), Worker's Compensation Insurance, Commercial Vehicle Insurance, and Public Liability Insurance. The company operates as a traditional insurance carrier represented by agents and brokers, serving customers across Micronesia and the Northern Mariana Islands.
Differentiator
Problem solved
Functional benefit
Products and services
- Home Owners Insurance Insurance for homes and contents protecting against loss or damage from fire, smoke, explosion, and other causes, with optional coverage for typhoon or earthquake. Includes personal liability insurance for protection against injuries to others caused by negligence. Targeted at homeowners across Micronesia and the Northern Mariana Islands.
- Auto Insurance Insurance for personally-owned vehicles protecting against injuries to others caused by the policyholder or authorized drivers. Coverage includes damage to autos from fire, theft, flood, vandalism, riots, earthquake, and collision. Optional typhoon coverage is available, along with uninsured motorist coverage and personal accident protection. Targeted at individual vehicle owners in Micronesia and the Northern Mariana Islands.
- Travel Accident Insurance Coverage for accidental death or dismemberment, temporary loss of income after disabling injury, and limited medical expenses when traveling abroad. Includes luggage loss coverage and trip cancellation or interruption insurance. Targeted at individuals in Micronesia and the Northern Mariana Islands who travel abroad.
- Commercial Property Insurance Insurance for commercial properties including office buildings, hotels, apartments, shopping centers, stores, and warehouses. Targeted at business property owners and operators across Micronesia and the Northern Mariana Islands.
- Worker's Compensation Insurance Insurance that covers businesses for occupational injuries sustained by their employees. Targeted at employers across Micronesia and the Northern Mariana Islands needing statutory and regulatory employee injury coverage.
- Commercial Vehicle Insurance Insurance for automobiles and trucks used for business purposes. Targeted at businesses operating vehicle fleets across Micronesia and the Northern Mariana Islands needing commercial auto and fleet liability coverage.
- Public Liability Insurance Insurance that protects businesses against injuries to others caused by the negligence of their employees. Targeted at businesses across Micronesia and the Northern Mariana Islands seeking third-party injury and negligence liability coverage.
Quantifiable outcome
- A.M. Best rating upgraded to A- (Excellent) Financial Strength Rating in 2024
- +1 more outcomes
Companies that use Century Insurance
Customer profileSegments7 records
Ideal customer profiles4 records
Century Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Century Insurance partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered major, core and minor.
- AB Risk Solutions (formerly Aon Micronesia)majorFollowing Tan Holdings purchase of Aon Micronesia in 2019, operations in Guam and Saipan became brokers for Century Insurance. ABI Guam was absorbed into AB Risk.
- Tan Holdings CorporationcoreParent company of Century Insurance Group of Companies. Tan Holdings is ranked as one of the top business groups in Micronesia.
- Luen Thai International GroupcoreMother company of Tan Holdings, with business operations in USA, China, Hong Kong, Taiwan, Indonesia, and Philippines. Provides international backing and scale to Century Insurance.
- Aon Benfield Australia Ltd.majorManages reinsurance arrangements for Century Insurance. All reinsurers are highly rated by A.M. Best or Standard & Poor's.
- Aon Insurance Micronesia (Saipan) Inc.majorRetail partner located at TSL Plaza, Ground Floor, Beach Road, Garapan, Saipan. Serves as authorized broker for Century Insurance.
- Pacifica Insurance Underwriters Inc.majorRetail partner located at Joeten Commercial Bldg. 2, Beach Road, Susupe, Saipan. Authorized general agent for Century Insurance in CNMI.
- AB Risk MicronesiaminorAffiliate company listed under Tan Holdings group
- Asia Pacific AirlinesminorAffiliate company under Tan Holdings
- Blue Bay PetroleumminorAffiliate company under Tan Holdings
- Century PlazaminorAffiliate company under Tan Holdings - commercial real estate
- Century HotelminorAffiliate company under Tan Holdings - hospitality
- Century TravelminorAffiliate company under Tan Holdings - travel agency
- Cosmos Distributing Co.minorAffiliate company under Tan Holdings
- D&Q International DistributorsminorAffiliate company under Tan Holdings
- Crowne Plaza GuamminorAffiliate - Crowne Plaza hotel in Guam
- Crowne Plaza SaipanminorAffiliate - Crowne Plaza hotel in Saipan
- POI AviationminorAffiliate company under Tan Holdings - aviation
- Saipan Properties (RMS)minorAffiliate company under Tan Holdings - real estate management
- Saipan TribuneminorAffiliate company under Tan Holdings - media
- Take CareminorAffiliate company under Tan Holdings - health/wellness services
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Century Insurance competitors and assessment
Company assessmentBroad incumbents
- American International Group (AIG): Global P&C insurer with established Asia-Pacific operations. AIG underwrites commercial and personal lines in Guam and CNMI markets, competing with Century for mid-market and large commercial accounts in the region.
- Sompo International: Global P&C and specialty insurer with Asia-Pacific operations including Pacific markets. Competes in commercial property and casualty lines where Century operates, with broader international reinsurance capacity.
- Chubb Limited: Global P&C and specialty insurer with significant Asia-Pacific presence including Guam. Offers commercial property, casualty, and personal lines that compete directly with Century's portfolio across the same geography.
- QBE Insurance Group: Global P&C insurer with operations across the Asia-Pacific region including Pacific island markets. Century's VP Kevin Ward was a former Senior Claims Executive at QBE. Competes with Century for larger commercial accounts in Guam and CNMI.
- ARGO Group International: Specialty P&C insurer with Asia-Pacific and U.S. operations. Century's VP Kevin Ward was previously a Senior Claims Executive at ARGO Group US. Provides specialty commercial coverage that competes in similar Pacific markets.
Direct peers
- Tokio Marine Pacific Insurance: Regional P&C insurer operating across Guam and the Pacific islands; Century Insurance's VP Kevin Ward was previously Chief Claims Officer at Tokio Marine Pacific. Direct competitor in the same product categories (homeowners, auto, commercial) and same primary market of Guam.
Regional players
- Island Insurance Company: Hawaii-based regional P&C insurer offering homeowners, auto, and commercial coverage. Operates in a similar Pacific island insurance market with comparable regulatory environment and catastrophe exposure profile to Century's Micronesia footprint.
- National Pacific Insurance: Pacific-region P&C insurer serving similar island and Asian markets. Comparable small-to-mid scale regional carrier with overlapping product lines (homeowners, commercial property, auto) and similar reliance on broker distribution.
- Pacific Indemnity Insurance Company (Aloha Pacific): Hawaii-based regional P&C insurer focused on Pacific island markets with similar property, auto, and commercial lines. Operates in an adjacent Pacific geography with comparable customer profile and risk exposure to typhoon/hurricane perils.
- Advantage Insurance Company: Pacific region P&C carrier where Century VP Kevin Ward previously served as VP of Claims. Comparable regional P&C operator with similar product mix and market focus in Asia-Pacific jurisdictions overlapping with Century's footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Century Insurance social profiles
Digital presenceCentury Insurance compliance and trust
Trust signalCompliance1 record
Century Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Century Insurance leadership team
Management profileNumber of profiles
Profiles5 records
Century Insurance subsidiaries and ownership
Company hierarchySubsidiaries3 records
Century Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Century 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 Century Insurance
What does Century Insurance do?
Century Insurance is a property and casualty insurance carrier underwriting personal lines (homeowners, auto, travel accident) and commercial lines (commercial property, worker's compensation, commercial vehicle, public liability). The company writes policies directly through offices in Guam and Saipan, and indirectly via a network of authorized agents and brokers across Micronesia and the Northern Mariana Islands, supported by reinsurance through Aon Benfield Australia.
Is Century Insurance a public or private company?
Century Insurance is a private company. It is classified as corporate owned and is currently operating.
When was Century Insurance founded?
Century Insurance was founded in 1988. It employs 51 to 100 people.
Where is Century Insurance based?
Century Insurance is headquartered in Hagåtña, Guam.
How does Century Insurance make money?
One revenue line is on record: insurance Premiums.
Who are Century Insurance's main competitors?
Broad incumbents on record are American International Group (AIG), Sompo International, Chubb Limited, QBE Insurance Group and ARGO Group International. Tokio Marine Pacific Insurance is listed as a direct peer. Regional players are Island Insurance Company, National Pacific Insurance, Pacific Indemnity Insurance Company (Aloha Pacific) and Advantage Insurance Company.
Does Century Insurance have an API?
No public API is recorded for Century Insurance.
What industry is Century Insurance in?
Century Insurance's product category is Property and Casualty Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance, with a secondary code of FSAJADAD, Public Liability (Premises/Operations). Its NAICS code is 52412 and its SIC code is 6331.