CARAIFA - Caribbean Association Of Insurance & Financial Advisors

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CARAIFA Hall of Fame Hall of Fame 2005

Hall of Fame 2005

Michael Fraser

Michael Fraser was educated at Jamaica College where he graduated with a Senior Cambridge Certificate in 1961.

Mr. Fraser entered the Life Insurance business as a Sales Representative in 1962 at the age of 19 with Jamaica Mutual Assurance Society. In January 1964 he joined North American Life Assurance Co, Ltd. (later to become Life of Jamaica Limited) and quickly established himself as one of their leading producers. He qualified for the prestigious Million Dollar Round Table in 1964, 1965, 1966 and 1968. Mr. Fraser entered sales management as a Unit Manager in 1966 and then became a Branch Manager in 1967.

During this period Mr. Fraser pursued his Insurance career by studying and passing the two (2) primary Industry courses at the time - The Life Underwriters Training Course (LUATC) and the Chattered Life Underwriters degree (C.L.U.). An active Industry Association man, Mr. Fraser served on the board for the Life Underwriters Association of Jamaica and became the Association's President in 1972-73.

Mr. Fraser migrated to Toronto, Canada in early 1977 with his wife and four children. He joined North American Life Insurance Company as Assistant Branch Manager in April 1977 and became Branch Manager in December of that same year. Mr. Fraser remained with North American Life as the Company's West Indian Branch Manager until he returned to Jamaica in 1982 to take up the position as Vice President Marketing at Life of Jamaica Limited.

Mr. Fraser was appointed Senior Vice President with responsibility for the Individual Life Division in 1987. He attended the Western Executive Business Programme at the University of Western Ontario in 1987. In June 1999, Mr. Fraser was voted "Association Man of the Year" at the Life Underwriters Association's Annual Awards.

Mr. Fraser resigned his position at the end of January 2000 as Senior Vice President Sales & Marketing at Life of Jamaica to accept the position of President and C.E.O. at Island Life Insurance Co. Ltd. effective February 1, 2000.

Mr. Fraser is Vice Chairman of the Jamaica Cancer Society and is a Justice of the Peace. He is married and has four children. His hobbies are bird shooting and golf.


Alvin Alexander

Mr. Alexander began his career in the insurance industry in London in 1976.  On his return to Trinidad and Tobago he operated in the capacity of Agent, Unit Manager and Branch Manager where he was responsible for leading his Branch to achieve the Unit/Branch of the Year Award for five (5) years and also Rookie of the year on five (5) occasions.  In 1995 Alvin Alexander joined ALGICO as Agency Director and was promoted to Regional Agency Director for the Caribbean Region in 2000.   Mr. Alexander is With responsibility responsible for the agency operations, sales, marketing and corporate communications in Trinidad and Tobago, Barbados, The Eastern Caribbean Islands, The Cayman Islands and the Netherlands Antilles. He also forms part of a matrix reporting system with responsibilities to AIG’s Senior Vice President, Marketing and Distribution.  This matrix reporting requires him to contribute to policy formation at ALICO’s head office on agency matters for the ALICO world.

In 2004 his career growth continued when he was promoted to Senior Vice President and appointed as a Director on Algico’s Board of Directors.  He has been a member of the local insurance industry for 23 years.  A certified Chartered Life Underwriter (CLU), Mr. Alexander continues to share his knowledge and experience with his colleagues.  This he has demonstrated through his involvement as a moderator for the Agency Managers Training Program (AMTC) which is administered to agency and branch managers on behalf of the Agency Managers Training Council, for the Life Insurance Marketing Research Institute (LIMRA) and the Life Underwriters Training Course for agents administered by LUATT for the Canadian Association of Insurance and Financial Advisors (CAIFA).

In 1998 he was inducted into the LUATT Hall of Fame, an award which is presented to an Insurance professional with a track record of excellent sales and sales management experience; outstanding contributions to the Insurance Industry, a combination of Outstanding Sales and Academic Achievements, and a history of the highest Ethical Standards as endorsed by LUATT’s Ethics Committee and the Office of the Supervisor of Insurance.