Billy Craig Insurance Brokers

What Billy Craig Insurance Brokers does

BCMG Insurance Brokers Limited is a privately held, full-service insurance brokerage headquartered in Montego Bay, Jamaica. The firm was formed in 2020 through the merger of Billy Craig Insurance Brokers (founded 1963) and Maritime General Insurance Brokers (founded 1986), carrying approximately 90 years of combined heritage and positioning itself among the top five of Jamaica's 25 insurance brokerages. It serves enterprise and mid-market clients across Jamaica and the broader Caribbean, with stated exposure to Manufacturing, Engineering, Hotel & Tourism, Financial Institutions, and Retailing sectors, and reports 920 clients and 500+ active insurance policies.

The company operates across six core service lines: Property Insurance, Liability Insurance, Employee Benefits, International Health, Motor Vehicle, and Cyber Risk Insurance, delivered through a consultative sales motion and supported by a proprietary client web portal that enables policy management and claims access — positioned as a first-of-its-kind offering in the local broker market. The technology stack is conventional brokerage software (web portal, back-office systems) without disclosed AI/ML components, and the leadership team includes Fellows of the Chartered Insurance Institute of London and dual-credentialed professionals (ACII and Attorney-at-Law).

BCMG generates revenue on a transaction-fee basis, earning commissions from insurance carriers for placing client coverage across its diversified product lines. Pricing is quote-based and varies by client risk profile, industry classification, and coverage scope; no standard pricing tiers are publicly disclosed. The firm is founder/management-led with no disclosed institutional investors, PE/VC backing, or public-market listing, and operates as a privately held Jamaican entity.

Name

Billy Craig Insurance Brokers

Legal name

BCMG Insurance Brokers Limited

Website

https://billycraig.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

BCMG Insurance Brokers is a privately held, full-service insurance brokerage headquartered in Montego Bay, Jamaica, serving enterprise and mid-market clients across Jamaica and the Caribbean with property, liability, employee benefits, international health, motor, and cyber risk coverage delivered via consultative sales and a proprietary client web portal.

Ownership category

akta.pro rank

Product category

Commercial Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industries

Mid-Market Commercial Package (Package Policies) (FSAJAFAB), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ), Travel Insurance & Corporate Risk Transfer (Trip, Medical, Kidnap & Ransom) (THACAEAH)

Keywords

• Commercial insurance brokerage
• Property and casualty insurance
• Employee benefits brokerage
• Cyber risk insurance
• Risk management services

Headquarters

HQ city

Montego Bay

HQ country

Jamaica

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Generates revenue through commissions on insurance policies placed with insurance carriers. As an insurance broker, the company earns commissions from insurers for placing client coverage. Operates across multiple insurance lines including Property, Liability, Employee Benefits, International Health, Motor Vehicle, and Cyber Risk.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

BCMG Insurance Brokers is a full-service insurance brokerage that places Property, Liability, Employee Benefits, International Health, Motor Vehicle, and Cyber Risk coverage with carriers on behalf of business and individual clients in Jamaica and the Caribbean. Services are delivered through consultative advisory work and supported by a proprietary client web portal for policy management and claims access.

Product overview

BCMG Insurance Brokers (formerly Billy Craig Insurance Brokers and Maritime General Insurance Brokers) is a full-service insurance brokerage operating as a unified platform offering a diversified portfolio of insurance products and services. The company provides six core insurance service lines: Property Insurance, Liability Insurance, Employee Benefits, International Health, Motor Vehicle Insurance, and Cyber Risk Insurance. These offerings are delivered through their client portal system and cover a broad client base across industries including Manufacturing, Engineering, Hotel, Tourism, Financial Institutions, and Retailing. The company also offers Risk Management and Personalized Specialist Insurance services alongside their General Insurance products.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Insurance Insurance brokerage placement for commercial and residential property coverage against damage, loss, and related risks, delivered to Jamaican and Caribbean clients across manufacturing, hotel and tourism, retail, and financial institution verticals.
• Liability Insurance Insurance brokerage placement protecting businesses against legal liabilities arising from injuries, damages, or negligence claims, including professional indemnity and contractor liability for engineering and corporate clients.
• Employee Benefits Insurance products and services providing employee health, welfare, and benefit program coverage for corporate clients seeking to support workforce retention and regulatory compliance.
• International Health Insurance Health insurance coverage placed for individuals and groups requiring medical protection across international borders, delivered via BCMG's brokerage network to Jamaican and Caribbean clients.
• Motor Vehicle Insurance Insurance brokerage placement for vehicles against accidents, theft, damage, and related risks, serving both commercial fleet buyers (such as retailing clients) and personal vehicle owners.
• Cyber Risk Insurance Insurance brokerage placement protecting businesses against cyber threats, data breaches, and digital risk exposures, with particular relevance for financial institutions and other data-intensive enterprises.

Quantifiable outcome

• CEO grew revenues of Billy Craig by over 300% during tenure

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Colina Insurance (Bahamas): Colina Insurance is a major Bahamian/Caribbean insurance provider offering commercial and personal property, casualty, and group health lines, comparable to BCMG as a regional multi-line broker with Caribbean geographic footprint.
• British Caribbean Insurance Companies: British Caribbean Insurance is a regional insurance provider in the Caribbean offering commercial and personal lines coverage, comparable to BCMG as a similarly regional multi-line broker serving Caribbean businesses and individuals.
• Guardian Group Caribbean: Guardian Group operates one of the largest insurance and financial services networks in the Caribbean providing general insurance, life, health, and pensions — directly comparable to BCMG's multi-line commercial and employee benefits offerings across Caribbean markets.

Broad incumbents

• Willis Towers Watson (Caribbean): Willis Towers Watson (WTW) operates a large global insurance and reinsurance brokerage with Caribbean regional presence offering commercial brokerage, specialty placement, and risk advisory directly overlapping BCMG's product mix.
• Arthur J. Gallagher & Co. Arthur J. Gallagher is a global insurance brokerage and risk management firm serving mid-market and enterprise clients, directly comparable to BCMG's commercial brokerage model with similar product breadth (property, liability, benefits, international health, cyber).
• Aon (Caribbean): Aon is a global insurance brokerage and risk consulting firm with Caribbean operations offering commercial lines placement, reinsurance, and risk management — directly comparable to BCMG's full-service brokerage targeting mid-market and enterprise clients.
• MMC Marsh (Caribbean Operations): MMC Marsh operates a global insurance brokerage and risk advisory practice with Caribbean and Jamaican presence, directly comparable to BCMG as a multi-line commercial insurance broker serving enterprise clients with placement, risk management, and specialty brokerage services across the same lines (P&C, liability, cyber, employee benefits).

Direct peers

• Maple Leaf Insurance Brokers (Jamaica): Maple Leaf is a Jamaican insurance brokerage providing commercial lines and reinsurance placement; like BCMG, it targets mid-market and enterprise Jamaican clients across P&C, liability, and specialty lines, making it one of the 25 brokerages BCMG competes with directly.
• CGM Insurance Brokers Jamaica Limited: CGM Insurance Brokers Jamaica Limited is a Jamaican insurance brokerage providing commercial lines and claims management services; leadership team overlap (Kimm Daley previously served as Claims Manager) confirms directly competitive positioning to BCMG in the Jamaican mid-market.

Others

• Johnson & Higgins (now part of Marsh): Johnson & Higgins was a legacy global insurance brokerage now operating within Marsh; relevant as an analog for the kind of regional multi-line commercial brokerage BCMG is positioning toward through Caribbean regional expansion and enterprise client focus.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Billy Craig Insurance Brokers