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Jamaica's Sagicor in Costa Rica insurance market

Friday, March 15, 2013

Jamiacan insurance company Sagicor Life will initially invest $6 million to enter the Costa Rican market, according to its financial report for the year ended December 2012.

Sagicor aims to grow revenues via its new venture in Central America.

It received regulatory approval to operate an insurance company last month in Costa Rica but the company previously did not disclose the expected value of its investment there.

Source: The Gleaner