November 6, 2025
General Accident Insurance Company Jamaica Limited (GENAC) has advised that its parent company Musson (Jamaica) Limited has purchased 100% of Beacon Insurance Company Limited (Beacon) effective October 31, 2025. GENAC further advised that Beacon will subsequently become a subsidiary of GENAC subject to additional regulatory approvals.
GENAC has also advised that Beacon will continue to be managed by its existing executive team led by Chief Executive Officer, Christopher Woodhams. Mr. Woodhams will report directly to Sharon Donaldson, Group Chief Executive Officer of GENAC and oversee Beacon and GENAC’s combined business in Trinidad. Finally, both Christopher Woodhams and Beacon director Christian Hadeed will join the board of General Accidents.
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