Sagicor Financial Corporation
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)(Learn how and when to remove this template message)
|Latin America & the Caribbean|
|Dodridge Miller, chairman and CEO
Richard M. Kellman, Chief Operating Officer
|Services||Wealth management, Insurance, Commercial Banking|
|US$39.3 million (as at September 30, 2013)|
|Total assets||US$5.78 billion (as at September 30, 2013)|
|Divisions||Sagicor Group Jamaica
Sagicor Capital Life
In 1849, Barbados Mutual Life Assurance Society was established and for fifty branches of the organization were opened in St Vincent, Trinidad and Tobago, Grenada, St Kitts, Antigua, Montserrat, Jamaica and Guyana. After over 150 years of operations throughout the Caribbean, the Barbados Mutual Life Assurance Society acquired interest in, and established a number of companies including, Mutual Bank of the Caribbean, Capital International Management Service and Island Life in Jamaica.
In 2002, the Barbados Mutual Life Assurance Society was resolved and converted to Sagicor Life Inc and established, Sagicor Financial Corporation, which became the company's holding company. Sagicor FInancial Corporation was listed on the Barbados Stock Exchange in 2003 and in 2004, the company was listed on the Trinidad & Tobago Stock Exchange.
The company had a successful US$150 million bond offering on the US market, in 2006 and Sagicor Life Inc was assigned a Standard and Poor’s (S&P) financial strength rating of “BBB+”.
In 2007, Sagicor was listed on the London Stock Exchange and the company established Sagicor Europe Ltd.
In 2008, Sagicor Financial Corporation, rebranded its insurance company, Life of Jamaica, to Sagicor Life Jamaica Limited. In addition, the company was listed on the Jamaica Stock Exchange.
Sagicor Financial Corporation comprises several affiliated companies:
- Sagicor Group Jamaica (comprising Sagicor Life Jamaica, Sagicor Bank Jamaica, Sagicor Investments Jamaica, Employee Benefits Administrators, Sagicor Property Services, Sagicor Insurance Brokers, Sagicor Life of the Cayman Islands, Sagicor Costa Rica, and Sagicor Real Estate X Fund, among others)
- GlobE Finance
- Sagicor Panama
- Sagicor Capital Life
- Sagicor General
- Sagicor Life