Sagicor Group Jamaica's parent company Sagicor Financial says it remains interested in acquiring the insurance portfolio of Trinidadian conglomerate CLICO.
The entities signed a sale and purchase agreement on September 30, 2019.
In an interview with the Trinidad Express newspaper, group chief financial officer of Sagicor Financial, Andre Mousseau, said the company is committed to the CLICO transaction.
However, he said the company would not comment on matters in the courts.
Sagicor Life Incorporated was selected by Trinidad's Central Bank as the preferred bidder for CLICO's portfolio.
However, the process for transferring the portfolio to Sagicor was stopped by an injunction filed by Trinidadian company Maritime Life Caribbean, which was not chosen as the preferred bidder.
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