Sagicor’s Caribbean deal heads to shareholder vote

SAGICOR Group Jamaica Limited shareholders will vote this month on a reorganisation that would exchange their shares for ownership in a larger Caribbean group, bringing the regional businesses under one holding company with its operational headquarters in Jamaica.

The proposal, first unveiled in December 2025, would place Sagicor Group Jamaica and Sagicor Life Inc under Sagicor Group Caribbean Limited (SGC). It also involves fresh investment from Pan Jamaica Group Limited and plans to raise US$120 million in equity and debt during 2027 to strengthen capital, support growth, and fund digital improvements.

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Shareholders will consider the transaction at two meetings on October 28, following the publication last Tuesday of a combined booklet detailing the proposal.