About RSA

Recognized as a financial market leader, the Company offers a full range of general insurance products, including Property, Marine, Liability, and Motor; through a network of agents and brokers in the territories in which the Company is licensed to operate.

With a dedicated team, we are committed to the ongoing training of our employees and agents, to enable and empower them to provide superior performance to every customer. One of our fundamental beliefs is the creation of a working environment that is conducive to everyone working together as a team.

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The Royal & Sun Alliance International Group’s history in The Bahamas can be traced to 1805 when the Phoenix Insurance Company appointed Bain & Webster as its agent. The Group’s initial connections in the Bahamas began in Freeport, Grand Bahama, and date back to the signing of the Hawksbill Creek Agreement in 1955 by The Grand Bahama Port Authority (GBPA). One of the first ventures of the newly formed GBPA was to build a fuel bunkering facility, but at that time, there was no one to insure it. Through connections with some prominent investors, the Alliance Insurance Company agreed to provide the insurance that enabled construction to commence and the GBPA was appointed as the General Agents. It is therefore fitting that the GBPA remains connected to the present local Company as a shareholder.

In 1982, the Sun Alliance Group incorporated Sun Alliance Insurance (Bahamas) Ltd. and in 1991 invited two local investors to become shareholders in the local Company. In 1998, after the international merger with the Royal Insurance Company, the local Company’s name was changed to Royal & Sun Alliance Insurance (Bahamas) Ltd. and all local shares were repurchased by the Royal & Sun Alliance International Group Company.

During 2001, the Royal & Sun Alliance International Group decided to exit The Bahamas and the Caribbean region. The local Bahamian Company was purchased by shareholders, including Sunshine Insurance, Star General Insurance, British American Financial, the Grand Bahama Port Authority and the Guardian Group located in Trinidad. Despite paying substantial claims following Hurricanes Ivan in the Cayman Islands, Frances, Jeanne, Wilma and Matthew in The Bahamas, the Company has managed to maintain shareholder’s equity in excess of $44 million.

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