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Who We Are

Monarch Insurance Brokers

Monarch Insurance Brokers is a 100% owned Guyanese business, and is licensed under section 202 of the Insurance Act 2016 (No. 17 of 2016) to conduct the following classes of insurance business in Guyana:

GENERAL INSURANCE:

Class 1 Accident and Liability
Class 2 Auto
Class 3 Marine and Aviation
Class 4 Fire

LONG-TERM INSURANCE

Class 1 General Life
Class 2 Health
Class 3 Annuities and Pensions

Monarch Insurance Brokers looks forward to employing the highest standards of ethics, law, decency, care and consideration in developing lasting quality relationships with clients and insurance companies.

The brokerage aims to dedicate its energies and resources not only towards the development and progress of the Insurance Industry in Guyana, but also to the country, region and humanity.

Mission Statement:

To provide high quality insurance solutions that is reliable, innovative, and client focused.

Vision Statement:

To be the industry leader in insurance services with high standards and a reputable brand.

Core Values:

Integrity: We operate with unwavering integrity, ensuring honesty, transparency, and ethical conduct in all our interactions.
Reputation Enhancement: We are committed to continuously enhancing our reputation by consistently delivering exceptional services, demonstrating our expertise, and fostering trust among our clients, partners, and stakeholders.
Client-Centric: Our clients are at the heart of everything we do. We prioritize their unique needs and consistently exceed their expectations.
Innovation: We embrace innovation to develop creative and effective insurance solutions that address the ever-changing risks faced by our clients.
Excellence: We strive for excellence in all aspects of our work, from the quality of our services to the professionalism of our team.
Collaboration: We believe in the power of collaboration, both within our team and with our clients, insurance partners, and stakeholders.
Community Impact: We are dedicated to making a positive impact on the communities we serve through responsible business practices and philanthropic efforts.

We Are Dedicated Firm

Meet The Team

Vivek Joshi MSc, MSIM, BSc, CPCU, ERIS
Chief Executive Officer

Mr. Vivek Joshi, a born Guyanese, is a Chartered Insurance Professional and a Project Management Professional. He holds the distinguished Chartered Property and Casualty Underwriter designation and also has a Bachelor of Science in Chemistry from the University of Guyana, a Master of Science (Distinction) in Project Management from the University of the West Indies and a Master of Science in Insurance Management from Boston University.

Mr. Joshi has an extensive career both locally and regionally. He held many executive positions within the public and private sectors. Starting his career in the public sector as Inspector at the Pesticides and Toxic Chemicals Control Board he moved on to the roles of Operations Manager at the Guyana Rice Development Board (GRDB) and Chief Fisheries Officer at the Ministry of Agriculture. Mr. Joshi entered the private sector as an Executive Manager at the Hand-in-Hand Group where he was responsible for various strategic and portfolio management activities including Business Development, Auto Insurance, Fire Insurance, Marketing Management, Strategic Planning and Operations. His career led him to the NAGICO Insurance Group in St. Maarten where he served as an Executive Manager.

Noticing opportunities for rapid development in Guyana and the need for high quality insurance advice and advocacy, Mr. Joshi returned and applied to be registered as an insurance broker with the intent of providing high quality innovative insurance, risk management and project management services.

MARK SAMAROO CPCU

Mark Samaroo is an experienced insurance professional with over ten years in the industry with vast knowledge in bonds, accident and liability, contractor’s all risk, property, auto, marine, aviation, health, medical and pensions and annuities.

Mr. Samaroo held influential positions at renowned insurance firms such as Premier Insurance Company Inc, North American Fire & General Insurance Company Limited, Guyana & Trinidad Mutual Fire Insurance Company Limited, and Hand-in-Hand Mutual Fire Insurance Company Limited where he supervised various departments, managed extensive portfolios, and placed numerous insurance risks.

Mr. Mark Samaroo achieved the prestigious Chartered Property Casualty Underwriter (CPCU) qualification and also holds multiple other insurance credentials including Associate in Insurance Services (AIS), Associate in Reinsurance (Are), and Associate in Claims (AIC).