Published On: Thu, Jun 7th, 2018

Nagico’s response to article being circulated regarding conducting operations in the USVI

NAGICO building

June 7, 2018 – For immediate Release

Re: NAGICO Insurance, A Caribbean-Wide Firm, is Doing Business in Territory Without License and Lieutenant Governor Warns Public About NAGICO Insurance Company

We have taken note of the Press Releases issued by the United States Virgin Islands Lieutenant Governor; Gov. Osbert E. Potter, which was published in The Virgin Islands Consortium and the St. John Source dated 6th and 7th June 2018 respectively.

We would hereby like to publicly state and affirm that NAGICO Insurances does not conduct any insurance business in the United States Virgin Islands (the “USVI”). Our Company does not have an office or any intermediaries in the USVI territories and as such, we do not solicit, promote or advertise our services in any USVI location.

NAGICO has always strived to comply with the regulations set by the governing bodies and we will continue to do so in the 21 territories within which we operate.

We intend to conduct our own investigation into this matter as well.