October 02, 2019
Sagicor Group Jamaica Limited (SJ) has advised that the sale of shares in Advantage General Insurance Company Limited (AGIC) by NCB Capital Markets Limited to an unincorporated consortium led by Sagicor Investments Jamaica Limited through its wholly-owned subsidiary Phoenix Equity Holdings Limited was completed on September 30, 2019.
SJ further advised that AGIC will shortly be issuing a notice to its policyholders and the general public with respect to the completion of the transaction and the change in its ownership.
“The acquisition of AGIC brings a welcome addition to the suite of products and services offered by the Sagicor Group and provides Sagicor with a solid foothold into Jamaica’s general insurance market. The consortium will now work to implement a strategy for the growth of AGIC’s business and its full integration into the Sagicor Group,” states SJ.
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