Sagicor Group Jamaica Limited (SJ) – Acquisition of Shares in Advantage General Insurance Company Limited

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.


Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.