General Accident Insurance Company Jamaica says the company increased its shareholding in General Accident Insurance Company Trinidad & Tobago to 75 per cent.
The deal was effective December 31, last year.
General Accident Insurance Company Jamaica acquired a majority stake in Motor One Insurance Company, a Trinidadian motor insurance company headquartered in Port of Spain, in 2019.
In that deal General Accident acquired a 55 per cent stake in Motor One with the remaining 45 per cent of the shares acquired by Micon Marketing.
Now Micon's shareholding has been reduced further to 25 per cent.
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