- CEO
- Andre Mousseau
- Full Time Employees
- 5,600
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Cecil F De Caires Building Wildey MD Barbados 20814
- IPO Date
- May 25, 2017
- Business
- Sagicor Financial Company Ltd. is a leading financial services provider offering life and health insurance, annuities, pension investment and administration, property and casualty insurance, banking products including deposits, savings accounts, secured loans, mortgages, debit and credit cards, and remittance services; investment management, real estate investment, property management, microfinance, and captive insurance management services. Founded in 1840 and headquartered in St. Michael, Barbados, the company operates across 19 countries in the Caribbean including Jamaica, Barbados, Eastern Caribbean, Dutch Caribbean, Bahamas, Belize, and Trinidad and Tobago; Latin America through joint ventures in Costa Rica and Panama; the United States; and Canada. It serves individual, group, and corporate customers with diversified segments encompassing Sagicor Canada, Sagicor Life USA, Sagicor Jamaica, Sagicor Life, and head office operations.
In recent developments, Sagicor completed the C$375 million acquisition of ivari, a Canadian life insurer, in October 2023 to expand its North American presence and enhance earnings; closed a C$200 million term loan refinancing in December 2024 and C$250 million private placement notes in 2024 to optimize debt costs and repay ivari-related financing, yielding over US$12 million in annual interest savings; secured investment grade ratings from Fitch in 2025; and through its Jamaican subsidiary expanded into Latin America via a January 2024 joint venture acquisition of Sagicor Panama with Costa Rican partners Capital & Advice Inc.