Beacon was born out of a predecessor company, Caribbean Insurance Company Limited, which began operations in the early seventies. It was a family-owned business, operated by the late Aziz “Pipeman” Hadeed.

On July 1, 1996, The Beacon Insurance Company Ltd. was capitalized as a new insurance company and absorbed the portfolio of Caribbean Insurance. The lighthouse symbol was retained for its connotation of strength and protection, a beam of light that offers hope and guidance. This belief forms the basis of our vision for The Beacon - To become a performance driven and respected regional player in the insurance industry with strong brand recognition in all of the territories we serve.

Beacon has since grown into one of the leading financial services providers in the region, commencing operations with an annual premium income of just under TTD$30 million. The business has grown to over TTD$315 million for the year ending 30^th June 2013. Our regional presence stretches across the Caribbean with offices in Dominica, Grenada, St. Lucia, St. Vincent, Barbados and St Kitts and Nevis.

The Beacon Insurance Company Limited opened its doors in St Lucia in 2003 after approval was granted by the Registrar of Insurance in that same year. At the time of opening the branch there were 3 staff members.  Today, as a measure of the growth of the company, we have doubled our staff in order to continue to provide superior service to all our customers.

Beacon’s commitment to St. Lucia was highlighted in 2010 after the island was ravaged by Hurricane Tomas.  All policy holders were adequately compensated and claims processed in a timely manner to ensure minimum discomfort. 

Beacon is an experienced, friendly and reliable company that offers top quality service and a wide range of General insurance options for our customers. We provide private and commercial motor, property, and marine insurance as well as coverage for contract works, computers and electronics, workmen’s compensation, group health and all other lines of general insurance. We are dedicated to our mission to provide you with a life-transforming experience through our compassionate delivery of service.

Our relationship with clients, reinsurers and brokers, as well as our IT systems, capital base and expansion plans demonstrate that we are truly switched on. Our industry is constantly changing and through this we have been nimble enough to adapt. With an emphasis on personal relationships, we have come to understand our stakeholders and have created for ourselves an environment characterized by industry-leading technology.

The founder of Caribbean Insurance Company Limited, Mr. Aziz Hadeed had over 30 years experience in the insurance industry and pioneered agency business throughout the Caribbean. His son, Mr. Gerald S. Hadeed carries on the tradition established by his father in his capacity as Chief Executive.

In 2012, Beacon began writing yet another chapter in its book. Moving from being known as “The Beacon” to the simple and uncomplicated “Beacon”, the company updated its brand to match its personality – simple, elegant, warm and friendly. That rebrand ushered in an era of being “Switched on” where Beacon stepped away from the traditional and into a different way of doing things. Our core values remain true, as does our promise – Insurance is a promise to pay, at Beacon we keep our promises…