APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER

The Board of Directors (the “Board”) of State Insurance Company Limited (the “Company” or “SICL”) announces the appointment of Aarion A. Nicholas as Chief Executive Officer. As Chief Executive, Ms. Nicholas will be responsible for leading SICL’s growth initiatives and build on its industry-leading transformation to a regional entity.

With 14 years industry experience and a solid track record of leadership and execution, Ms. Nicholas is a highly respected professional who will continue to propel the Company forward. She most recently served as Executive Manager with responsibility for the General Insurance Department, having joined the SICL team in September 2020. Her multifaceted experience within the industry, and extensive training lend to a well-rounded professional with a passion for insurance. The essence of her leadership traits is captured in one of her favorite quotes - “Integrity, insight, and inclusiveness are the three essential qualities of leadership”.

Ms. Nicholas is an alumnus of the University of the West Indies with an undergraduate degree in Accounting and Finance (BSc). She is also a Chartered Property and Casualty Underwriter (CPCU) designee and holds an associate degree in Reinsurance (ARe). Her previous endeavors include regional exposure and time spent within the London market where she gained further insight and international exposure at Lloyd's of London. She is an Executive Member of the Antigua Barbuda Employers Federation and presiding Chairman of the Insurers Association of Antigua and Barbuda.

The SICL Board is excited about this appointment and welcomes the strengths of the new CEO as the Company continues its journey as Antigua & Barbuda’s premier insurer of choice.

BARBUDA WE'RE HERE

On Tuesday 3rd May 2022, SICL marks its record in history with successfully launching its Satellite Branch in our sister island Barbuda.

State Insurance Company Limited, the 1st indigenous insurance company in our twin-island state, is now the 1st to establish a physical presence in Barbuda. The Board of Directors Management and Staff, take this opportunity to thank our partners who played a critical role in making our dream a reality.

Yes Barbuda, we are here to meet your insurance needs, at your convenience to allow you to live in a better state of mind.

FOOD DONATION TO THE METHODIST CHURCH FEEDING PROGRAM

CHIEF EXECUTIVE OFFICER TRANSITION

State Insurance Company Limited takes this opportunity to advise that after 35 years of service to further State Insurance Company Limited’s mission and values; Mrs. Lyndell Francis-Butler decided to depart her role as Chief Executive Officer effective March 15th 2022.

The Board of Directors of State Insurance Company Limited would like to express our deepest gratitude and appreciation to Mrs. Butler for her leadership and numerous achievements over the many years as our Chief Executive Officer. The Company has experienced a phenomenal period of growth and local expansion under her direction, and we continue to build on the solid foundation that was created. The Board of Directors’ wishes Mrs. Butler every success in all her future endeavors.

Mr. Andre Knight, State Insurance Company Limited's Chief Financial Officer, has been appointed as Acting Chief Executive Officer to continue the progress that the company has made and to ensure that the company continues to live up to its mandate. Mr. Knight has been with the company for 20 years and will be supported by the Board of Directors and a highly experienced team of Managers and Staff along with our Partners.

We look forward to your support as we continue to be the leading insurance company in Antigua and Barbuda; roll out our new service and product offerings; continue to deliver excellent service and take our company regional.

Always remembering to be true to our motto “live in a better State of mind”

STATE INSURANCE COMMUNITY CLEANUP 2021

STATE INSURANCE GIVES BACK

As an indigenous organization, State Insurance Company Limited has always taken its corporate social responsibilities very seriously. Keeping with our motto “Live in a better State of mind”, we saw the need to extend a helping hand to the less fortunate in our community.

On 30th April 2021, we undertook the task of providing hot meals to them. The event took place at the SICL Parking Lot on Redcliffe Street where upwards of 50 meals were distributed.

Special thanks are extended to the Internal Audit Department as well as the Marketing team for assisting in making the event a success.