Insurance Association of the Caribbean

The Insurance Association of the Caribbean (IAC) was the "brainchild" of a small group of visionaries (industry leaders from Jamaica, Trinidad & Tobago, Guyana and Barbados) who wanted to prepare the indigenous insurance industry for the future challenges of the remaining century. This was catalysed in part by:
• The signing of the Chaguaramas Treaty in July 1973
• Rapid growth of the insurance industry in the Caribbean
• The perceived need for harmonisation of insurance laws, regulatory reform, and improved training of regulatory and industry personnel.

Much of the preparatory work was done between 1972 and 1973, as the forefathers travelled to various Caribbean territories to convince industry leaders of the need for such a pioneer association. The proposal was discussed in Barbados on June 7th and 8th 1974, at what was touted to be the "most important meeting". In Trinidad, four short months later, representatives of the Caribbean insurance industry decided to proceed with its establishment.

THE VISIONARIES
• Dennis Lalor
• Roger Gonsalves
• Peter Thomas
• Aubrey McLeod
• Douglas Bennett
• Richard Fontaine
• Cyril Monsanto
• Peter Salvary
• Geoffrey Inglefield
• Bertrand Doyle
• Louis Rostant
• Cecil deCaires
• Arthur Belgrave

The Inaugural Meeting of the IAC was held on October 30th, 1974 in Kingston, Jamaica in the presence of over 302 delegates from the Caribbean, Europe, and South America. The Association ultimately approved the membership of some 44 insurance companies from Bahamas, Barbados, Bermuda, Guyana, Jamaica, and Trinidad & Tobago.

PAST PRESIDENTS

Period	Country	President
2005 - Present	Jamaica	Mr. Earl Moore
2003 - 2005	Barbados	Mr. Steven Stoute
2002 - 2003	Barbados	Mr. David Deane
2001 - 2002	Antigua	Dr. R Barthley (Deceased)
1999 - 2001	Trinidad & Tobago	Mr. Ray Sumairsingh
1997 - 1999	Guyana	Mr. Errol Cheong
1995 - 1997	Jamaica	Mr. Peter Thwaites
1994 - 1995	Barbados	Mr. J W (Bill) Highton
1992 - 1994	Bahamas	Mrs. Orinthia Nesbeth
1990 - 1992	Trinidad & Tobago	Mr. Charles Patterson
1988 - 1990	Guyana	Mr. Hans Barrow
1987 - 1988	Jamaica	Mr. Aubrey McLeod (Deceased)
1985 - 1987	Barbados	Mr. Thomas Peirce (Deceased)
1984 - 1985	Bahamas	Mr. Peter Philips
1982 - 1984	Trinidad & Tobago	Mr. Bertrand Doyle
1980 - 1982	Guyana	Mr. Hugh George
1978 - 1980	Jamaica	Mr. Peter Thomas
1976 - 1978	Barbados	Mr. Cecil deCaires (Deceased)
1974 - 1976	Trinidad & Tobago	Mr. Cyril Monsanto(Deceased)