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58 • Republic Financial Holdings Limited 2025 Annual Report • GROUP SUBSIDIARIES
Republic Life Insurance Company Limited
REGISTERED OFFICE Since its inception in 2021, Republic Life Insurance Company Limited (RLIC), a proud
Republic House member of the Republic Financial Holdings Limited (RFHL) family, has emerged as a
9-17 Park Street, Port of Spain trailblazer in the Caribbean Life insurance sector. Commencing operations in 2022,
Trinidad and Tobago, West Indies RLIC achieved a landmark milestone in February 2024 with the launch of the region’s
Tel: (868) 625 1056 first fully digital, end-to-end life insurance platform. This innovative platform offers
Email: rlicl@rfhl.com Whole Life and Term to 100 policies, revolutionising the insurance experience for
customers across Trinidad and Tobago through seamless digital solutions.
RLIC’s comprehensive product portfolio also includes Creditor Life Insurance and
Single Premium Immediate Annuities, providing clients with versatile and robust
financial protection options. Building on this foundation of innovation, July 2025 saw
the introduction of two new additions to its Digital Life Insurance portfolio: Endowment
Life Insurance and Funeral Insurance. These products further enhance its ability to
deliver tailored solutions that address the evolving needs of our diverse clientele.
With the successful establishment of RLIC as a startup and the completion of its
technological infrastructure and product suite, the company is now exceptionally
well-positioned for sustained growth. The focus for the upcoming period will shift to
optimising distribution channels to drive business expansion and maximise market
penetration. This strategic emphasis aligns with RFHL’s broader vision to diversify and
strengthen the Republic brand, combining entrepreneurial agility with the stability of
a well-established financial group.
RLIC’s achievements to date underscore its role as a dynamic and innovative force in
the industry, poised for accelerated growth in the years ahead.
ROBERT L. SOVERALL CREDENTIALS
• Bachelor of Science, Actuarial Science with Upper Second-Class Honours, City,
MANAGING DIRECTOR,
REPUBLIC LIFE INSURANCE University of London
COMPANY LIMITED • Diploma in Business Management, School of Business, University of the West Indies
GENERAL MANAGER, • CFA Charter Holder, CFA Institute
CREDITOR PROTECTION,
REPUBLIC BANK LIMITED PROFESSIONAL SUMMARY
JOINED February 10, 2020 • An experienced financial services executive with demonstrated industry expertise in
insurance, risk management, investment management, governance and business-
planning built-up over the course of more than two decades
• Past Director, Wealth Management, Scotiabank Trinidad and Tobago Limited
• Past Managing Director, Scotia Investments Trinidad and Tobago Limited with
responsibility for leading the Group’s wealth/asset management segments within
Trinidad and Tobago
• Past Managing Director and General Manager, ScotiaLife Trinidad and Tobago
Limited
• Past Manager, Investments, Trust and Asset Management Division, Republic Bank
Limited
• Past Manager, Money Market (Group Treasury), Republic Bank Limited
