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Financial News

Jul 2012 Financial News

NCBJ - Proposed Acquisition of Advantage General Insurance Company Limited

Jul 09, 2012

National Commercial Bank Jamaica Limited (NCBJ) has informed the Stock Exchange that on July 5th 2012, the Boards of NCBJ and NCB Capital Markets Limited (NCBCM) approved the acquisition of 96.24% of Advantage General Insurance Company Limited (AGI) by NCBCM, subject to further due diligence and regulatory approvals.

AGI is currently one of the leading insurers in Jamaica. It is licensed by the Financial Services Commission to market general insurance products and services in the motor, property, pecuniary loss, liability and accident categories.

The Trinidad and Tobago Stock Exchange Limited
Monday July 9, 2012