Assuria turns sod for new multi-million dollar tower as company expands in Guyana

Assuria is marking another major milestone in Guyana with the sod turning for its new Assuria Tower II building at Lot 78 Church Street, South Cummingsburg, Georgetown, the site of its former head office, a project valued at just under $1 billion, further strengthening its commitment to the local insurance market.
The company will celebrate 14 years of operations in Guyana on April 1.
The new tower is expected to expand the company’s network of locations and enhance accessibility and regional presence by supporting the delivery of innovative and tailored insurance solutions for individuals, families, and businesses. Construction is expected to begin within two weeks and be completed within 12 to 14 months.

Chief Executive Board Member Officer Mario Merhai described the project as a significant investment aimed at contributing to Georgetown’s inner-city appeal while expanding commercial office space and related services.
He said the company is hopeful the project will be completed on time, within budget, and without incident, and expressed anticipation for welcoming stakeholders at the building’s opening.
Reflecting on the company’s 14-year journey in Guyana, Merhai said the organisation has grown into a leading company and brand in the local insurance market, guided by a strong commitment from its inception to contribute to the financial and insurance sectors through innovative services and products tailored to local needs. He noted that the company anticipated Guyana’s positive economic and social development and positioned itself to support that growth.
Merhai also highlighted that Guyana’s progress since 2019 has been remarkable, with strong economic and social gains. He said the company is pleased and honoured to have played a role in and benefited from the country’s ongoing development.
He further reaffirmed confidence in Guyana’s future and reiterated the company’s long-term commitment to the local market and economy, noting that the decision to construct a second landmark building follows an earlier major investment in office infrastructure.
The ceremony was officiated by the Governor of the Bank of Guyana, Dr Gobind Ganga, who turned the sod along with Group CEO Mario Merhai and Group Chief Commercial Officer Kistie Parbhudayal to formally signal the start of construction.
Following the sod turning, the governor, Assuria’s group CEO and group commercial officer engaged with members of the media, highlighting Assuria’s sustained investment in infrastructure, people, and long-term national development.
Assuria is operating in Suriname, Guyana, Trinidad and Tobago, and Curaçao.
In Guyana, Assuria operates 10 branch offices countrywide. In addition to supporting Assuria’s expanding operations, the new development will also provide modern rental spaces, contributing to Georgetown’s growing demand for high-quality commercial accommodation.