BSP Life, a prominent life and health insurance provider, has announced that its investment portfolio has surpassed $1.25 billion, solidifying its status as the second-largest institutional investor in the country. This announcement was made by BSP Group CEO Mark Robinson during the celebration marking 150 years of uninterrupted operation of its subsidiary in Fiji.
During the celebratory event held at the Grand Pacific Hotel in Suva, Robinson emphasized BSP Life’s role in supporting projects of national significance. Among the notable investments he highlighted were the One&Only Resort in Yasawa, developed in partnership with Kerzner International, and the substantial $230 million Vatu Talei joint venture with Fiji Airways. These projects not only bolster the national economy but also showcase Fiji as an appealing destination for global investors.
In a recent board meeting, Robinson indicated that the company conducted a thorough review of its investments within the country, assuring stakeholders of their diligent approach to managing these significant assets. “These projects, of course, both benefit the national economy, but as importantly, they provide an example to the world about how attractive Fiji is for investors,” he remarked.
This year has marked a record for BSP Life in terms of customer benefits payouts, exceeding $110 million. This commitment has facilitated numerous families in various aspects of their lives, aiding them in education, retirement planning, entrepreneurship, and fulfilling essential cultural and familial obligations.
Looking ahead, BSP Life aims to grow its investment portfolio significantly, aiming for a target of $2 billion. As expressed by Robinson, the milestone of 150 years in Fiji not only reflects BSP Life’s enduring commitment to community prosperity but also its continued contributions to the economic landscape of the nation.
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