Through active participation of its shareholders, General Contractors Insurance, Ltd. (GCI) endeavors to provide the long term stability of a well-managed insurance company. Through GCI, shareholders have indeed been empowered to take control of their insurance destiny.
The Company’s management strength lies in a strong committee structure and individual involvement of all directors. Presently, the committees and their primary responsibilities are:
- Underwriting - Advises the Board on desirable risks to be assumed and ensures that these risks are adequately underwritten;
- Risk Control - Sets loss control goals for the members. Reviews loss control reports and works with members to meet the required loss control goals of the Company;
- Finance and Investment - Advises the Board on policies for the investment of the Company’s assets and reviews the annual audited financial statements.
Each shareholder is encouraged to attend all GCI meetings and actively participate on the committee of his/her choice. The Board will rely on the recommendations of these committees to establish policies.