Basseterre, St Kitts: Sagicor celebrated its coveted milestone of 160 years of business operation in St Kitts and Nevis, and the 12th anniversary of its Strategic Alliance as an Agency with Federation business leader, St. Kitts-Nevis Trading and Development Company Ltd (TDC) on Tuesday 9th March.

It was a day of high spirits and true camaraderie at the well decorated office of the Agency, and in the afternoon, the entire team stopped for a moment of celebration, punctuated with cake cutting, toasts to the occasion and short speeches by Principal Representative Nicolas Menon, Marlene Chin, Assistant Vice-President, Marketing and Donald Austin, Chief Executive Officer, Sagicor Life (Eastern Caribbean) Inc (SLECI).

The team of 19 Sales Representatives, 13 Administrative team members and two Sales Associates is currently led in St Kitts and Nevis by Denrick Connor, Agency Manager and Cleone Moore, Administrative Manager. The Strategic Alliance with TDC is strong with Nicolas Menon as Principal Representative. The team is supported by Sagicor’s relevant departments in the Eastern Caribbean and Barbados. This support structure has ensured that the Agency has become the Insurance Company with the leading market share as it relates to Life Insurance business within the Federation.

Donald Austin, Chief Executive Officer for SLECI, called into the celebration via Zoom and said, “I am delighted that I am able to join you via Zoom for this special celebration this afternoon. It is a testimony to how technologically driven we have become within this company. We continue to be thankful and grateful for those of your countrymen who have placed their confidence and their finances in our hands from 1861 and to those who continue to do so to this day.”

Austin continued, “Currently we are experiencing one of our most successful periods with Nicolas Menon as Principal Representative. Under his astute stewardship, this Agency has been recognized as the leading Business Unit across the entire Eastern Caribbean Region on two occasions – in 2016 and again in 2018. I have no doubt you can do it again. I am especially grateful to you for your commitment to Sagicor’s continued success during the past years and as we move forward into the future. This hasn’t been an easy time. While your country has benefitted from strict pandemic containment measures having been “locked down” only for an initial period from March to May in 2020, it has certainly not been business as usual.”

Mr. Menon, who was also present for the celebration, contributed high praise for the team, saying, “It’s has been an absolute pleasure to work with this team for the past 12 years in a spirit of excellence, camaraderie and competition. While TDC’s partnership with Sagicor started back in 1988 to 1992 initially, this past 12 years has been noteworthy as we have seen significant Agency growth from 2009 to 2021. We have become well known as a great Corporate Citizen in St Kitts and Nevis giving back to the local community by contributing to education, youth development, and sports via significant sponsorships and donations. Most recently, we provided monetary contributions to our Health Care and Frontline Heroes to ensure that they are protected as we battle this deadly pandemic. I look forward to working with this team as we continue to raise the bar of insurance sales, not only in in St Kitts and Nevis, but also across the Caribbean.”

Sagicor’s business in St Kitts and Nevis is administered by TDC which owns the Agency. However, the Agency is part of the Sagicor family via Sagicor Life (Eastern Caribbean) Inc (SLECI) which is headquartered in St Lucia. On January 1st, 1861, Sagicor opened for business in St Kitts and Nevis, the fourth country expanded into following the launch of the Barbados Mutual Life Assurance Society in 1840 in Barbados.

EPIC TIMES: The Sagicor team shares a winning moment at Sagicor’s Eastern Caribbean Annual Awards ceremony in 2019 in Antigua and Barbuda, where they were adjudged the leading business unit for 2018 across the EC markets.

About Sagicor Life (Eastern Caribbean) Inc

Sagicor is a leading financial services provider in the Caribbean region, with 180-years of history, and has a growing presence as a provider of life insurance products in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda with its principal office located at Cecil F De Caires Building, Wildey, St Michael, Barbados. Sagicor Life Eastern Caribbean Inc. (SLECI) is a subsidiary of the Sagicor Financial Corporation with registered offices in St Lucia.

Additional information about Sagicor can be obtained by visiting www.sagicor.com

CONTACT INFORMATION:

Keisha Humphrey: Manager – Marketing and Communications

Office – 1.246.467.5184  Email –  Keisha_Humphrey@sagicor.com

Sagicor Financial Centre, Cecil F. De Caires Building, Wildey, St. Michael, BB15096, Barbados


The TDC Group of Companies has broken ground on its newest real estate development project at Dewars Estate on St. Kitts.

On Tuesday 22nd December 2020, at a ceremony to mark the commencement of the endeavour, The Residences at Dewars. Situated on 5.6 acres of landscaped perfection with a foot green area, it boasts spectacular panoramic, unobstructed views of the Caribbean Sea, the South East Peninsular, the sister island of Nevis and the allure of Mount Liamuiga.

The thirty (30) homes are designed with contemporary styles offering impeccable workmanship, comfortably blending modern conveniences with the historic charm of surrounding Buckley’s and Dewars Estate environment.

The two, three, and four-bedroom homes are available in eight (8) models ranging in size from 1525 to 1551 square feet and all units will be constructed and sold with amenities that include hand-crafted kitchens, laundry room, water storage facilities, among others, including optional extras for homeowners.

According to Mr. Earle Kelly, TDC Group Chairman, “this project is very important to TDC.  Following our discussions with the Government in 2017, we finalized our agreement in 2018. To date, we have already put in the necessary infrastructure that includes, water distribution systems, fiber optics for telephone, cable television and internet, roadways, the land purchase and paid the relevant taxes and respective home designs at a cost of EC$3.3 million dollars to develop this beautiful site.”

He also added, “this project is part of the Group’s corporate strategy, where the company will engage a wide range of our businesses; the TDC Home and Building Depot, St. Kitts Masonry Products, TDC Insurance Company Limited and TDC Financial Services Company, by leveraging the synergies that exist within the Group. The economic impact of course will be tremendous, where we estimate the cost of completing this project will be around EC$16 million dollars and over the life of the project to employ local professionals, labourers, plumbers, electricians, etc. to create and maintain jobs within the Federation.”

Dr. Timothy Harris, the Prime Minister also addressed the gathering, and spoke of his confidence in the TDC Group to continue to play its part in the nation building process.

“Today is a wonderful day, in fact I see it some ways this is TDC’s Christmas gift to the people of St. Kitts and Nevis.  I want to commend TDC, because it has been a dynamic group of companies that has always been looking for opportunities, seizing them, and advancing the quality of life in St. Kitts and Nevis.  The market of housing at this time is great and the government wants to focus on the lower income and lower middle-income market in providing affordable houses and we want the private sector to partner with the government to facilitate the housing demands in our country.”

“I want to really commend the interest, the zeal, the mode of expansion that the TDC Group is displaying. Clearly, we need that if we are to build back a more resilient country after the continuing negative impact of the COVID19 pandemic. Construction is the lead growth driver in St. Kitts and Nevis, and this gives you a sense of the wide cross section of sectors that will impacted by this project. The government will give our fullest support has already facilitated the infrastructural work for this project and offered special concessions through partnership. Congratulations to the TDC Group of Companies and may the company get more involved in all areas of social economic activities.”

With over thirty-five years of experience in the real estate and construction sector, the Group has successfully completed similar projects in Sandy Point, Frigate Bay, Conaree and Half Moon Bay.

The event was also attended by TDC Executive Directors and Senior Managers, Architects, Project Managers, Contractors, invited guests and the media.

Picture Mr. Earle Kelly, TDC Group Chairman/CEO and Dr. Timothy Harris, Prime Minister of St. Kitts and Nevis break ground at Dewars Estate