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Sagicor is merging Caribbean operations into a new group, boosting its stake to 55% and replacing Jamaica’s listed entity.
Sagicor Financial Company Ltd is merging its Caribbean operations into a new holding company, Sagicor Group Caribbean, to create a unified regional platform.
The deal, pending regulatory and shareholder approval, will increase SFC’s stake from 49% to about 55% and replace Sagicor Group Jamaica as the publicly listed entity on the Jamaica Stock Exchange.
The combined business, with $6.9 billion in assets and $1.3 billion in revenue as of September 30, 2025, aims to boost efficiency, digital transformation, and regional integration.
Dodridge Miller will chair the new entity, while Christopher Zacca becomes CEO and Robert Trestrail remains CEO of Sagicor Life.
The merger is expected to be accretion neutral but may deliver cost and revenue synergies.
Sagicor está fusionando las operaciones del Caribe en un nuevo grupo, aumentando su participación al 55% y reemplazando a la entidad cotizada en Jamaica.