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Our History

Sagicor is synonymous with world-class financial services. Our vision is "To be a great company committed to improving the lives of the people in the communities in which we operate."

With a proud history dating back to 1840, Sagicor is a dynamic, indigenous Group which has been redefining financial services in the Caribbean, building a strong base from which it has expanded into the international financial services market. Sagicor now operates in 22 countries in the Caribbean, Latin America, the United Kingdom and the United States. In 2002, after 162 years as the Barbados Mutual Life Assurance Society, the company demutualised with overwhelming support of its policyholders, and Sagicor Financial Corporation was formed as a publicly listed holding company. Sagicor, the new company name, means "wise judgment" and reflects a new vision for financial advice and services. For over 168 years, we have worked to help families by providing the assurance and peace of mind needed, especially during their most challenging times. This will never change.

Our name and identity draw on the strength, stability and financial prudence that are our heritage, but this identity also represents the freedom that wise financial thinking can bring to our Customers throughout the entire life-cycle - whether it is the purchase of a new home, planning a child's future and higher education, retirement, or simply providing security for loved ones. Sagicor will meet financial needs now and for the future.

Sagicor has developed an incomparable reputation because of its financial stability. That solid reputation is based on the Company's excellent financial performance and financial prudence over the years. Our insurance subsidiaries, Sagicor Life Inc, Sagicor Capital Life and Sagicor Life Jamaica, are rated "A-" (Excellent) by A.M. Best and Company, and Sagicor Life Inc has a financial strength rating of BBB from Standard and Poor's. Our U.S. subsidiary, Sagicor Life Insurance Company, is rated "A-" (Excellent) by A.M. Best.

Sagicor's objective is to create a leading international financial services group which provides world class products and services to Customers, while generating excellent returns for Shareholders. The Company's strategy to achieve this object is to:

  • Streamline new and existing operations to improve efficiency and deliver value to Customers;
  • Expand and develop product to offer a wider range of financial products and services;
  • Expand internationally and in the Caribbean and
  • Optimise the use of capital to maximise Shareholder returns.