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Company type | Public company |
---|---|
TSX: SFC | |
Industry | Financial services |
Founded | 1840 |
Headquarters | Barbados |
Area served | Canada, United States, Caribbean & Latin America |
Key people | Mahmood Khimji, Chairman of the Board Andre Mousseau, President and CEO Kathryn Jenkins, CFO |
Services | Life, health and general insurance, annuities, pension administration, banking, and investment management |
Revenue | ![]() |
US$584 million (2023) | |
Total assets | ![]() |
Total equity | ![]() |
Divisions | Sagicor Canada Sagicor Life USA Sagicor Group Jamaica Sagicor Life Inc |
Website | www |
Sagicor Financial Company Ltd.,is a financial services conglomerate operating in Canada, the United States, Latin America, and the Caribbean region.
Sagicor Financial Company Ltd. is a financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a presence in the United States with over 70 years of history. Sagicor offers a range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor operates through the following four segments: Sagicor Canada, Sagicor Life USA, Sagicor Jamaica, and Sagicor Life. Geographically, the firm operates in Canada, the United States, Jamaica, Trinidad & Tobago, Barbados, and other countries in the Caribbean.
Sagicor was listed on the Toronto Stock Exchange in December 2019.
Jamaica is an island country in the Caribbean Sea and the West Indies. At 10,990 square kilometres (4,240 sq mi), it is the third largest island—after Cuba and Hispaniola—of the Greater Antilles and the Caribbean. Jamaica lies about 145 km (90 mi) south of Cuba, 191 km (119 mi) west of Hispaniola, and 215 km (134 mi) south-east of the Cayman Islands.
Since the island country's independence in 1966, the economy of Barbados has been transformed from a low-income economy dependent upon sugar production into a high-income economy based on tourism and the offshore sector. Barbados went into a deep recession in the 1990s after 3 years of steady decline brought on by fundamental macroeconomic imbalances. After a painful re-adjustment process, the economy began to grow again in 1993. Growth rates have averaged between 3%–5% since then. The country's three main economic drivers are: tourism, the international business sector, and foreign direct-investment. These are supported in part by Barbados operating as a service-driven economy and an international business centre.
Air Jamaica was the national airline of Jamaica. It was owned and operated by Caribbean Airlines from May 2011 until the cessation of operations in 2015. Caribbean Airlines Limited, headquartered in Piarco, Trinidad and Tobago, had administrative offices for Air Jamaica located at Norman Manley International Airport in Kingston, Jamaica.
The West Indies Federation, also known as the West Indies, the Federation of the West Indies or the West Indian Federation, was a short-lived political union that existed from 3 January 1958 to 31 May 1962. Various islands in the Caribbean that were part of the British Empire, including Trinidad and Tobago, Barbados, Jamaica, and those on the Leeward and Windward Islands, came together to form the Federation, with its capital in Port of Spain, Trinidad and Tobago. The expressed intention of the Federation was to create a political unit that would become independent from Britain as a single state — possibly similar to Canada, the Federation of Australia, or the Federation of Rhodesia and Nyasaland. Before that could happen, the Federation collapsed due to internal political conflicts over how it would be governed or function viably. The formation of a West Indian Federation was encouraged by the United Kingdom, but also requested by West Indian nationalists.
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Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than 100,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains its corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks.
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Manulife Financial Corporation is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. The company operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock Financial division. As of December 2021, the company employed approximately 38,000 people and had 119,000 agents under contract, and has CA$1.4 trillion in assets under management and administration. Manulife at one point serviced over 26 million customers worldwide.
CIBC Caribbean is a financial services company based in Barbados and the Caribbean subsidiary of the Canadian Imperial Bank of Commerce (CIBC). The bank was founded in 2002 as FirstCaribbean International Bank through the merger of the Caribbean operations of Barclays Bank and CIBC, and in March 2006 both CIBC and Barclays announced that Barclays wished to exercise their option to exit the Caribbean venture completely resulting in CIBC gaining majority-control of the bank. In June 2011, it was announced the bank would be renamed CIBC FirstCaribbean Bank "to be more closely aligned to the CIBC brand, while still maintaining the FirstCaribbean name and local identity." The name was then later changed CIBC Caribbean in January 2024. The majority of the bank's revenues are generated by its operations in Barbados, the Bahamas and the Cayman Islands.
The North West Company is a multinational Canadian grocery and retail company which operates stores in Canada's western provinces and northern territories, as well as the US states of Alaska, Hawaii, and several other countries and US territories in Oceania and the Caribbean.
Canada–Caribbean relations are the long established relationships between Canada and the many states of the Caribbean or West Indies. These ties have been on-going throughout the history of both regions. Initially these relations were based on the policies of European colonial powers in the Americas. More recently, both Canada and most of the Caribbean islands have achieved self-government, putting their relations into a different phase. CARICOM diplomats have referred to Canada as a '"special friend" of the Caribbean at the regional and bilateral levels.' Ties exist in such plurality of organs such as: the Commonwealth of Nations, the Organisation internationale de la Francophonie, Organization of American States, ParlAmericas, the United Nations, and the World Trade Organization.
The Royal Bank of Trinidad and Tobago (RBTT) was a commercial bank based in Trinidad and Tobago and one of the largest commercial banking corporations in the Caribbean region. As of 2008 RBTT Holdings had a group asset base of over US$6.2 billion dollars. The RBTT group of companies operated several commercial banking businesses in other neighbouring islands, as well as various investment holdings in various parts of the Trinidad and Tobago economy. On 26 March 2008, RBTT Shareholders voted 98.18 percent in favour of selling the bank to the Royal Bank of Canada (RBC), who previously had divested the bank in 1987. On 16 June 2008, RBC completed the acquisition. RBTT Financial Holdings Limited and RBC Holdings Limited, a subsidiary of RBC, will amalgamate and continue as a wholly owned indirect subsidiary of RBC. The head office of the Caribbean operations for RBC will be located at Port of Spain, the capital of Trinidad and Tobago, and the site of RBTT's headquarters.
Caribbean Airlines Limited is the state-owned airline and flag carrier of Trinidad and Tobago. It is also the flag carrier of Jamaica and Guyana, with the Government of Jamaica having approximately 11.9% ownership. Headquartered in Iere House in Piarco, the airline operates flights to the Caribbean, North America and South America from its base at Piarco International Airport, Trinidad. Presently Caribbean Airlines employs more than 1,700 people and is the largest airline in the Caribbean. The company slogan is The Warmth of the Islands.
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Unicomer Group, is a multinational retailing and consumer finance group headquartered in San Salvador, El Salvador with regional offices in Miami, Trinidad, Jamaica, and Costa Rica. It operates several chains of retail brands in the consumer durables sector, specializing in furniture, audio & video, appliances, and electronics in Central America, the Caribbean, South America, and United States.
Sir Hilary McDonald Beckles KA is a Barbadian historian. He is the current vice-chancellor of the University of the West Indies (UWI) and chairman of the CARICOM Reparations Commission.
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