GraceKennedy completes acquisition of Scotia Insurance Eastern Caribbean
On August 4, 2021, GraceKennedy Group (“GraceKennedy”) announced the completion of its previously announced acquisition, through GK Financial Group Limited, of 100% of the shares of Scotia Insurance Eastern Caribbean Limited (“SIECL”) from Scotia Insurance Caribbean Limited, a member of the Scotiabank® group of companies.
SIECL is to be rebranded under the name GraceKennedy Life Insurance Eastern Caribbean Limited (“GK Life”). GK Life will continue to offer credit protection on personal loans, residential mortgages, personal lines of credit, personal and small business credit cards in the seven Eastern Caribbean countries in which SIECL previously operated, namely: Anguilla, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines.
Further information can be found on GraceKennedy’s website.
GraceKennedy, one of the Caribbean’s largest and most dynamic Food and Financial corporate entities started in Jamaica in 1922, and comprises companies in the Caribbean, North and Central America, the United Kingdom and Africa.