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Mus­son (Ja­maica) Ltd has widened its re­gion­al foot­print with the com­ple­tion of its 100 per cent ac­qui­si­tion of Bea­con In­sur­ance Com­pa­ny Ltd, a deal that marks an­oth­er ma­jor step in the group’s steady ex­pan­sion across T&T.

The trans­ac­tion, fi­nalised last Fri­day, will see Mus­son make Bea­con — T&T’s fourth-largest gen­er­al in­sur­er — a sub­sidiary of Gen­er­al Ac­ci­dent In­sur­ance Com­pa­ny (Ja­maica) Ltd, sub­ject to fi­nal reg­u­la­to­ry ap­provals. Mus­son al­ready owns 80 per cent of Gen­er­al Ac­ci­dent.

Bea­con was first put on the mar­ket in late 2023, re­port­ed­ly seek­ing a min­i­mum price of US$30 mil­lion, at a time when the lo­cal gen­er­al in­sur­ance sec­tor was in con­sol­i­da­tion mode.