Sat | Mar 23, 2019

Finance minister welcomes Massy United Insurance Ltd to Jamaica

Published:Friday | March 15, 2019 | 12:30 AM
Minister of Finance and the Public Service Dr Nigel Clarke (second right) speaks with (from left) Chief Executive Officer, Massy United Insurance (MUI) Limited, Randy Graham; Branch Manager, MUI Jamaica, Winsome Gibbs; and Executive Vice-President, Massy Group and Chairman, MUI, David O’Brien, during the MUI Jamaica launch on Wednesday in the courtyard of the PanJam building in New Kingston.
Minister of Finance and the Public Service Dr Nigel Clarke (second right) speaks with (from left) Chief Executive Officer, Massy United Insurance (MUI) Limited, Randy Graham; Branch Manager, MUI Jamaica, Winsome Gibbs; and Executive Vice-President, Massy Group and Chairman, MUI, David O’Brien, during the MUI Jamaica launch on Wednesday in the courtyard of the PanJam building in New Kingston.

Finance and the Public Service Minister Dr Nigel Clarke is ­welcoming the move by Massy United Insurance Limited to ­officially enter the general ­insurance market in Jamaica.

Clarke said the expansion of the company into Jamaica is a testament to the fact that the country is moving in the right direction.

“When an organisation like the Massy Group, which has opportunity to invest anywhere they want in over 19 markets, and they choose to set up operations in the insurance business, which is a business that takes on risk, it tells you that they, like us [in Jamaica], smell opportunity,” he stated.

Clarke was speaking at the ­opening ceremony of the local branch of Massy United Insurance held at the Courtyard, PanJam Building, in New Kingston on Wednesday.

The finance minister noted that the company’s entry into the general insurance market would offer new competition, which would ensure that customers receive the best prices, terms, and savings.

Chief Executive Officer at Massy United Insurance Randy Graham said that the Massy Group has a reputation of success and has been a trailblazer in several service industries.

“Our decision to introduce ­insurance in Jamaica has come at a time when natural disasters are becoming more unpredictable and insurance is so necessary and ­critical. We believe in providing security for Jamaica and Jamaicans. We have all the packages and policies to suit any need,” he stated.

The Massy brand is no foreigner to Jamaica as currently, three subsidiaries from the Massy Group operate in the country: Massy Gas, Massy Distribution, and Massy Technologies.

Massy United Insurance is ­currently represented in 19 ­territories via branches and its agent network.

They currently hold a rating of A- (excellent), which was reaffirmed for 13 years by A.M. Best.