Sagicor Life Jamaica Limited has advised that company and Blue Cross Jamaica Limited entered into an agreement to acquire the group health insurance portfolio of Blue Cross. The transaction is subject to due diligence and approval of the Financial Services Commission.
Mr. Richard Byles, President and CEO of Sagicor Jamaica in making the announcement, commented that the acquisition would allow Sagicor to deliver health insurance services to current Blue Cross and Sagicor customers even more cost efficiently in the future. He further reaffirmed Sagicor’s commitment to continue delivering the best quality service and range of group health insurance products to the Jamaican market place.
Dr. Henry Lowe, Chairman of Blue Cross added his support to the venture and stated that this acquisition, when completed will not only allow former Blue Cross clients to continue to enjoy the benefits previously held, but will create new possibilities with access to a much wider range of product and services from the company with established regional and global links and an “A” excellent rating from AM Best.