Major shift for Sagicor

According to Barbados Nation, Sagicor is advancing a major reorganisation of its Caribbean operations, including a plan to raise US$120 million to fulfil capital requirements, fund future growth and support digital transformation initiatives. If all of the necessary transactions are approved, Sagicor businesses in Barbados, Jamaica, the Cayman Islands, Panama, Costa Rica, Trinidad and Tobago, The Bahamas, Aruba, St Lucia and elsewhere in the Eastern Caribbean will transition to the ownership and control of Sagicor Group Caribbean Limited (Sagicor Caribbean), a new holding company which was incorporated in Barbados on June 4. Last December, Barbados-registered Sagicor Life Inc. (SLI) confirmed that its parent Sagicor Financial Co. Ltd (SFC) had entered into an agreement with Sagicor Group Jamaica Ltd (SGJ) to merge SLI with SGJ under a single Caribbean holding structure. It explained that as part of the merger process