NCB INSURANCE COMPANY IS BEST PENSION FUND MANAGER IN THE REGION 2011
A subsidiary company under the Patrick Hylton led NCB Group, NCBIC was the recipient of the same award from World Finance in 2009. General Manager, NCBIC, Ann-Marie Hamilton attributes this outstanding performance to "the strategic decision to focus on cost containment during the year which saw certain job functions and business processes being integrated and centralized within the group to achieve greater efficiency." Ms. Hamilton also noted the growth achieved by the company was due to the management of interest spreads, the high level of talent harnessed and trained by the company and a very aggressive pricing policy for the growth and retention of market share.
As the insurance arm of the award winning banking group, NCBIC manages a highly diversified pension portfolio offering trustees investments in equities, government securities, real estate, mortgages, leases and insurance premium financing. This diversification of assets allows the company to efficiently manage the liability profile of its client's pension funds.
NCBIC continues to demonstrate its strength through its impressive Solvency Ratio of 28.3% which exceeds the minimum requirement of 10% stipulated by the Financial Services Commission.