GraceKennedy completed its acquisition of Scotia Insurance Eastern Caribbean that will be rebranded under the name GraceKennedy Life Insurance Eastern Caribbean.
Grace Kennedy HQ
According to a release from GraceKennedy, the company 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 it operates which are, Anguilla, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines.
CEO of GraceKennedy, Don Wehby, states, “the granting of the necessary approvals by regulators and completion of the transaction to acquire SIECL marks the culmination of months of hard work by our team and is a major strategic move for our Group. We have been actively expanding our offerings in general and life insurance, as we see this sector as having significant opportunities for growth. GK Life will strengthen GKFG’s position as one of the leading financial groups in the Caribbean as we continue to expand our presence in the region.” In March this year, GraceKennedy announced that it had come to an agreement with Scotia Insurance Caribbean to acquire 100% of the shares.”
