Foreword of the Managing Director
Every year, independent experts from all over the world choose a word or expression reflecting the ethos, mood, or preoccupations of the past twelve months. Presenting our financial results for the year 2021, not only would we want to follow this trend, but also make it bigger the next year. This year SELECTA Insurance & Reinsurance Company (Caribbean) Ltd presents you three words that summarize our stance.
First, reliability. In the past year we have more than twice increased the total value of our assets. Even though it resulted in considerable costs in the form of a contingency reserve, we were also successful in achieving a high degree of predictability regarding our incurred losses. Looking at 2021 from the current perspective in the future, we have nothing but to acknowledge the great efforts that we have put in to attain a continual AM Best ranking.
Second, mobility. We have participated in many important insurance and reinsurance conferences and made sure to establish relations with new partners all over the world, thus ensuring more business for the years to come.
Third, gratitude. Not only to our employees, who set the goals higher each year and make our achievements possible, but also, of course, to our clients and partners. And if you are one of them, be sure we appreciate your contribution and value the trust you give to us.
Thinking about the next year’s report, which will define the results of the year 2022, we would like to ensure that every time we are aiming higher, and the upcoming year will be no exception.
We remain at your service 24 hours a day 7 days a week, 365 days a year.