31.08.22

GraceKennedy to acquire Scotia Insurance Caribbean

Hilary Reid
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GraceKennedy to acquire Scotia Insurance Caribbean

GraceKennedy (GK) is set to acquire 100 per cent of Scotia Insurance Caribbean Limited (SICL). The transaction is subject to regulatory approvals and other customary closing conditions. 

The announcement of the impending acquisition comes exactly one year after GK acquired another Bank of Nova Scotia subsidiary, Scotia Insurance Eastern Caribbean Limited (SIECL). The business was subsequently rebranded as GK Life Insurance Eastern Caribbean Limited (GK Life).

Read more at Loop News