Sagicor Group Jamaica Enters Panama

• Sagicor Group Jamaica Limited (SGJ) has announced the Group’s further expansion into the Latin American market, effective January 1, 2024. This strategic move was done through a joint venture with its Costa Rican partners (Capital & Advice Inc), for the acquisition of Sagicor Panama from Sagicor Life Inc. in Barbados.
• Christopher Zacca, President and CEO of SGJ, expressed that this is a tremendous achievement for the company, stating, "The acquisition of Sagicor Panama is a key step in our strategic objective of regional expansion.”
• Sagicor Panama currently offers a range of products, including Group and Individual Life insurance, Group and Individual Health insurance, and Personal Accident insurance. With this venture, Sagicor Group Jamaica aims to further diversify its product offerings in the Latin American market.
• This expansion marks a major achievement for Sagicor Group Jamaica as it increases its presence in the Latin American market and continues to position the company for further growth.

(Source: JSE)