The name was chosen for two (2) reasons. First it projected the idea of consolidating the principle of developing a vibrant local insurance industry in which strong local brokerage companies would play an important part and secondly a large number of the principal shareholders were past students of C.I.C. (St. Mary’s College).
The idea was well received and long before the Memo of Articles of Association were registered, several prospective shareholders had sent their subscription. The Company was registered on 16th May 1968. It was then necessary for the promoters to achieve two other objectives: to seek and find a highly competent Insurance Executive to run the Company and to find suitable persons who were not directly involved in General Insurance Companies to become the first Directors.
To meet the first objective, Charles H. Patterson, a former Supervisor of Insurance with the Government of Trinidad and Tobago, was recruited as the first Manager. Second, Robert C. Montano and Jeffrey Stollmeyer were asked to become the first directors of the Company - Mr. Stollmeyer being the first Chairman of the Company. The Company was growing rapidly and recruited the services of Mr. Eric Norman who besides being a shareholder, was highly respected in the Insurance Industry. Eric Norman and Charles Patterson became Joint Managing Directors of the Company.
In addition to the Joint Managing Directors, CIC had as advisers to the Board Mr. Krishna Narinesingh and Mervyn de Souza, whose legal, insurance and negotiating expertise were invaluable to the Company’s progress.
By virtue of Mr. de Souza’s involvement with the Government of Trinidad and Tobago as a Senator and Minister in the Ministry of Finance in 1976, Mr. De Souza resigned from all his business connections and so ceased to be one of the advisers, but tribute must be paid to the major part which he played in setting up and, establishment of the Company. Likewise tribute must be paid to Mr. Charles H Patterson who had been the Managing Directors from inception and who nursed the Company through its modest beginnings and it was under his guidance that it had grown.
As the Company evolved, on 10th July 2007 the Board of Directors took a decision to change the name of the Company from Consolidated Insurance Consultants Limited to CIC Insurance Brokers Limited.
CIC Insurance Brokers Limited is a wholly owned subsidiary of CIC Holdings Limited.
Making insurance simple, and service remarkable for the benefit of our clients, while achieving the aspirations of our employees and shareholders.
To be the pre-eminent “indigenous” insurance broker through customer responsiveness, competent advice, value for money and claims performance.
To be your partner in protecting your assets and limiting your liabilities.
To Provide our clients with innovative Risk Management and Insurance Solutions to meet their needs and create the best possible future benefits.
The Eagle in CIC’s logo is a symbol for the “Wings of Cover”. CIC will be your partner in protecting your assets and limiting your liabilities, to ensure that all our customers receive value for your money in the level of insurance coverage gained.
PORT OF SPAIN OFFICE
#122-124 Federick Street,
Port of Spain,
Trinidad and Tobago, West Indies
SAN FERNANDO OFFICE
#25-27 Lady Hailes Avenue,
Trinidad and Tobago, West Indies
#83 Premniranjan Place, Prashad,
Covering you since 1968
We Negotiate For You!
THE WINGS OF COVER