Gregory St. Hugh Foster was recently appointed CEO of General Accident Insurance Company Jamaica.
He succeeds Sharon Donaldson, who has now been promoted to the post of Group CEO.
Meanwhile, the company generated net profits of $155 million on revenues of $3 billion during the first quarter of this year, which ended March 31.
This was significantly higher than the $55 million on revenues of $2.6 billion recorded during the similar period last year.
The company's total assets also climbed to $14.4 billion from $12 billion while its shareholders equity rose to $4.5 billion from $4.2 billion.
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