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

Posted: September 9, 2019 at 9:32 am

Press Release – Sagicor Investments Receives Green Light From the Regulator In Advantage General Deal

Sagicor Group Jamaica Limited (SJ) has advised that the Financial Services Commission has stated their non-objection to the acquisition of the shares in Advantage General Insurance Company Limited by Sagicor Investments Jamaica Limited (as to 60%), Fundy Bay Equity Holdings Limited (34%) and Resource in Motion Limited (6%).

SJ further advised that they expect to complete the transaction in the coming weeks, once all other relevant conditions for closing have been satisfied. 

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