Mc Sood reminded hiss employees about when the company had first started in 19821 when he had first set foot on St Maarten. He told them that they had begun with $75,000.00 and many were of the view that they were not going to survive long. However despite this perception the company has grown from 75,000.00 to some 70 million, an achievement many had only dreamt about.
Pointing out several of the many challenges that the region is faced with Mc Sood said that despite the issues of slavery, colonization, hurricanes and bad economy the region will come out on top as the people within the region are strong and determined to succeed" we are a strong people and despite the many adverse effects and difficulties that we faced we have always survived because we are strong," Mc Sood said.
He noted that while many companies and countries are complaining the staff at NAGICO Insurances has much to be proud about stating that it is note the same everywhere. "I want you all to know that NAGICO is a Caribbean company, it is an Antillean company and we will continue remaining together so as to face the challenges and difficulties that continue to come our way," he noted.
Mc Sood said that regardless of the challenges and difficulties that the Caribbean is faced with, it is known to remaining together so as to face their problems. This, he noted has been one of the primary keys for the people of the region surviving difficult and challenging times. "I have every faith that regardless of what we are faced with that we will survive. therefore, I reassure you that regardless of what the world is faced with that NAGICO will be there always," he declared.
The NAGICO Insurances CEO went on to note that 2008 had been a great year for the company admitting that as an optimistic individual he foresees that 2009 would even be a greater and better year for the company." I am very confident that come 2009 we will certainly surpass our budget and as such there are a lot of people that we need to thank," Mc Sood pointed out.
In signaling those primary responsible for the company's good year Mc Sood said that the employees and agents are the ones who have ensure that the company continues to grow. "I am signaling out the employees and agents as the employees collectively is the engine that drives NAGICO while the agents added value to help us in making targets are appreciated," he noted.
Reassuring his 200 plus staff attendees at the party that the company has come a long way Mc Sood pointed out that reflecting on its history the company had started as an insignificant company with no real investment as it had a 75,000.00 injected capital with another 25,000.00 being promised.
He reminded his staff to not see the insurance industry as a business if they want to remain on too and ensure growth and development. "Insurance is not a business and no company should be seen just as a business if it wants to survive. Company employees are of paramount importance," he opined.
He went on o add that the formula for the success of any business should be the fact that its employees trust the leadership. "Employees should have faith, confidence and belief that whoever is running the business is going to deliver," he said. Describing the effects of some nine hurricanes that the company had weathered from 1984 to 2008 Mc Sood pointed out that it has strengthen the company adding that while many thought that they would have been ‘faded into the sun' they were able to grow while expanding a to a number of other Caribbean islands.
"We were able to survive as we saw ourselves as a Caribbean company, we saw ourselves as an Antillean company and despite the obstacles and challenges we were resilient standing above the advocacies," he noted.
Mc Sood stated that when ever he is approached by individuals enquiring as to what is the Magic within the company he would usually responds by saying the he is the Magic followed by the employees and agents as without their passion, determination, discipline and commitment he is unable to achieve anything.
Addressing a pack room which also included a number of prominent public and senior officials Mc Sood continued, "I will be around for a very long time so I ask you all to have faith in me and NAGUICO as we strive to being the number one insurance company of the region. I can tell you that a number of companies have faced and disappeared into the sunset but NAGICO have remained strong and continues to grow stronger in its 26 years of existence," he proudly declared.
