Guardian Life is expanding its footprint in the pension fund market with the acquisition of NCB Insurance Agency & Fund Management's pension portfolio.
The move was approved by the Board of Guardian Holdings on July 11 and is expected to strengthen Guardian Life's position in the pension fund management and administration sector.
The company says the acquisition will bring long-term strategic and financial value, while also supporting growth in shareholder returns.
Guardian Life, which operates the life, health, and pension arm of the Group in Jamaica, says the transaction aligns with its goal of expanding its services in key markets.
The announcement was made in accordance with Section 64 of the Securities Act.
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