Sagicor now an associated company of JMMB Group

Sagicor Financial is now an associated company of JMMB Group, following JMMB’s acquisition of over 33 million shares in Sagicor Financial representing a minority stake of 22.5 per cent. 
JMMB purchased the shares from Canadian entity Alignvest, by way of a private placement. The transaction totaled CA$332.1 million.
JMMB can now nominate two directors to serve on the board of Sagicor. 
The nominees are Chairman of  the JMMB Group Archibald Campbell and CEO Keith Duncan.

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