History

FamGuard Corporation was incorporated on December 6, 1983 under the laws of the Commonwealth of The Bahamas to serve as an investment holding company. The Corporation's subsidiary companies, Family Guardian Insurance Company, FG Insurance Agents & Brokers, FG Capital Markets and FG Financial, currently employ 380 sales and administrative personnel. FamGuard is a publicly traded company listed with the Bahamas International Securities Exchange (BISX). The following timeline provides an overview of the Corporation's growth and milestone events:

FamGuard Corporation Limited

  • Family Guardian was established in 1965 by Roscow N. Pyfrom, A. R. Jack Knowles and Norbert F. Boissiere offering Home Service life and health insurance products.
  • By its 10th anniversary, Family Guardian had expanded to a total of 13 sales offices.
  • Family Guardian acquired the portfolio of Community Industrial Life Insurance Company.
  • Family Guardian broadened its product line by establishing the Financial Services Division to sell Ordinary Life insurance and annuities.
  • FamGuard Corporation Ltd was established as the holding company for Family Guardian.
  • The Company's Corporate Centre on East Bay Street was completed.
  • Family Guardian acquired Guardian Life of the Caribbean's Bahamas portfolio.
  • FamGuard became a publically traded company, successfully completing its initial public offering
  • FamGuard expanded further through a new subsidiary, BahamaHealth, offering comprehensive health insurance and other employee benefit plans.
  • FamGuard formed a third subsidiary, FG General Insurance Agency. Family Guardian and Star Insurance Company (Bahamas) merged their operations becoming one of the largest life and health insurers in The Bahamas.
  • FamGuard formed a strategic alliance with Sagicor Financial Corporation.
  • The Family Guardian Financial Centre opened on East Bay and Church Streets, Nassau, consolidating under one roof the Financial Services division, Operations (including payments processing, claims & underwriting), and BahamaHealth.
  • FamGuard expanded its financial product offerings with the launch of FG Capital Markets and FG Financial to provide brokerage and advisory services and pension and investment management.
  • FG General was expanded and renamed FG Insurance Agents & Brokers incorporating the Financial Services division and a new Property and Casualty division providing home, auto, marine, commercial and liability insurance.
  • Family Guardian Insurance commemorates 50 years of quality service to the Bahamian community.
  • FG Capital Markets and FG Financial celebrate 10 years as Financial Service companies in The Bahamas