A household policy covers a comprehensive or wide range of perils. The typical insured perils met in household policies are fire, lighting, explosion, hurricane, earthquake, volcanic eruption, flood, theft, riot, strike and malicious damage, bursting and overflowing of water tanks, apparatus or pipes, impact by vehicles or aircraft or aerial devices, damage by breakage or collapse of television or radio antennae.

Cover is provided in respect of loss or damage to the insured's household goods and personal effects caused by an insured peril. Insurers normally require details pertaining to electronic equipment and for jewellery a valuation is required. Property used in connection with a trade, profession or business is not covered.

1. The fire commercial policy is issued to business concerns and covers commercial property such as buildings, stock in trade, furniture, fixtures and fittings and plant and machinery. Where an insured chooses a 'fire only' policy, such a policy covers the property against the perils of fire, lightning and explosion of gas used for illuminating or domestic purposes.

2. Special Perils, where the insured wants to cover the property against more perils than that given under a 'fire only' policy he may choose from a wide range of perils such as flood, hurricane, tornado, windstorm, earthquake and volcanic eruption, riot and strike, malicious damage, explosion, spontaneous combustion, subterranean fire, impact, burst pipes, bush fire, smoke damage.



Home / Companies / Furness AGIL

Furness Anchorage General Insurance Limited

Furness Anchorage General Insurance Limited or FAGIL as it is familiarly known, was formed in 1979 in response to the Trinidad & Tobago Government's desire to see control and ownership of insurance companies in local hands. The Major subscribers to the company included English and American Insurance Group (part of C T Bowring / Marsh Mc Lennan Group), Southern Sales & Service (local Automotive Distributor), Marley & Company, F C Almondoz and Furness Trinidad Limited. Apart from providing the necessary capital to commence business, the Insurance Portfolios of those companies were directed towards the company.

Furness Trinidad later acquired 98% of the company and became its major shareholder and controller. Our Parent company which was established in 1845 as Turnbull, Stewart and Company represented many Insurance Companies Including Barbados Mutual Assurance Society (Now Known as Sagicor) and Mercantile Fire Insurance Company and later North British and Mercantile and Economic Insurance (both owned by Furness Withy of London).

The Furness Group also had extensive Insurance Broking operations in the Caribbean when it partnered with C T Bowring / Marsh Mc Lennan to establish Broking companies in Trinidad, Barbados and Guyana which were eventually sold as it focused it attention to General insurance Underwriting.

The day to day operations of the company are managed by an experienced team of insurance professionals who are committed to the company's mission of providing a stable market for property, motor and casualty products.

Our reinsurance program is provided by AON Canada and United Insurance Brokers in London and comprise only first rate security such as Everest Re, Paris Re, QBE Re, Odyssey Re, Scor Re and Korean re.

Our Group's Balance Sheet is very strong and boasts of Assets of $TT 175 M and Retained earnings of $TT 85 M.

Corporate Information:



William A Ferreira



Adriana V Ferreira

Deputy Chairman


Videsh Praim

Chief Executive Officer


Vanessa Grosvenor



Marcia Edwards

Finance Director


Terrence Boswell-Inniss



John B C Martin




In 1831, Mr. Gregor Turnbull, then aged 22, arrived in Trinidad to take up a position with a local firm called George Reid & Company which was connected with the local sugar industry. In 1845, he established Turnbull Ross & Company in San Fernando and Turnbull Stewart & Company in Port of Spain, both of which were engaged in shipping and trading, the latter having acquired interests in various sugar plantations, the most notable of which was Brechin Castle, and by 1854 Turnbull Stewart & Company had established local coastal shipping and services for passengers and cargo...

Read More

© Copyright 2015