BCIC Announces Proposed Acquisition of JN General Insurance
The JN Financial Group is currently in the advanced stages of an agreement concerning the transfer of ownership of JN General Insurance Company Limited (JNGI) to leading general insurer, BCIC. The two companies have agreed on the key terms of the deal and have informed their employees.
Business continues as normal at all JNGI locations and clients will be unaffected by the pending change. JNGI remains financially strong, with solid reinsurance agreements, and the company is able to meet its financial obligations.
The acquisition is subject to regulatory approval which the companies have indicated they expect to receive and finalise the agreement in the weeks ahead.
Check out more stories like this
Justified! Young Legal Professional Lauds Financial App as Real Game Changer
In the demanding landscape of the legal system, where schedules...
Cloudy With a Chance of a Breach - Online Cloud Storage Risks and Best Practices to Stay Safe
Today, many of us rely on cloud storage, like Google...
JN Group CEO Commends Expo Jamaica 2025 for Fuelling Business Connections
Earl Jarrett, chief executive officer of The Jamaica National Group,...