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Company News

C.G.I. to purchase Sun General; ANSA McAl to purchase Trident Insurance

These announcements follow Sagicor’s purchase of Harmony General Insurance Co. Ltd’s operations in September last year.
Company News

Sagicor Life to acquire CLICO/BAT assets in T&T

Alignvest Acquisition II Corporation said that its wholly-owned subsidiary Sagicor Financial Corporation Ltd.,will acquire the insurance portfolios of both Colonial Life Insurance Company (Trinidad) Ltd., and British American Insurance Company (Trinidad) Ltd.

Sagicor’s CEO seems on track to earn US$30m in six years

In addition to the base salary of US$700,000 per year and the one-time lump sum cash payment of equal to US$1.35 million, Mr. Miller would this year also be able to earn an annual incentive bonus payable in cash of up to 1.91 times his base salary of US$700,000, or just over US$1.3 million.

World Bank praises Flow, LIAT and Massy Group

Ming Zhang, Practice Manager at the World Bank, told representatives of the companies during a panel discussion that the bank was confident that businesses were treating disaster preparedness as a priority.

Sagicor and BCC sign MoU

It is expected that more than 100 persons will gain employment once the Estates at St George is completed, along with three dozen health care aides workers were needed and there would be opportunities for additional jobs.

Sagicor improves performance, but takes US$99m loss on GoB debt

Group net income was US $103.0 million, compared to US $116 million in the prior year.