Life and health insurance provider BSP Life has unveiled its 150th anniversary logo, marking a journey that began in 1876 – two years after Fiji was ceded to Great Britain.
The insurance service provider unveiled the new logo during its 150th year anniversary celebration held at the GPH in Suva last week.
BSP Life’s first life insurance was issued under Colonial Mutual Life Assurance and subsequently operated under the Colonial Fiji Life brand for several decades “becoming a respected and influential local institution”.
The BSP Financial Group acquired the business in 2010, and it rebranded to BSP Life.
BSP Life managing director Michael Nacola said the institution is now a leader in life and health insurance serving over 100,000 Fijians and is the country’s second largest institutional investor with a portfolio of $1.25 billion, second only to the Fiji National Provident Fund (FNPF).
“2026 is a milestone year for us. Our proud history of 150 years is built on generations of dedicated staff and insurance advisors, many of whom committed their whole careers to supporting our purpose of championing prosperity for our communities, standing steadfast through periods of change,” Mr Nacola said.
“They’ve laid an enduring legacy that we are privileged to uphold.
“We pay tribute to our loyal customers. They’ve shaped who we are, not only as a trusted insurance brand but also a vital contributor to our economy.
“For 15 decades, our existence has been anchored in the confidence our customers place in us.”
BSP Life paid out a record $110m in customer benefits last year – comprising $79m in living benefits, $21m in medical benefits, and $10m in death claims; and the payouts averaged $2.1m a week and more than $400,000 each working day.
