Jul 2020 Financial News

Sagicor Financial Corporation Limited - Scotiabank Insurance Transaction Update

Jul 03, 2020

Sagicor Financial Company Limited (Sagicor) announced its intention in November 2018 to acquire ScotiaLife Trinidad and Tobago Limited. Sagicor and Scotiabank Trinidad & Tobago Limited have mutually agreed not to proceed with the20 year distribution agreement for the insurance products and solutions in Trinidad and Tobago. As a result, Sagicor will not proceed with the acquisition of ScotiaLife Trinidad and Tobago Limited.
 

Sagicor remains committed to Trinidad and Tobago market and will continue to provide quality products and excellent service with the ultimate goal of improving the lives of people in the communities in which we operate.


Source:
The Trinidad and Tobago Stock Exchange Limited
Friday 3rd July, 2020