Demutualization
After 162 years as the Barbados Mutual Life Assurance Society, The Mutual completed its demutualization process and converted to Sagicor Life Inc, a shareholder-owned company with share capital. We have also incorporated a holding company, Sagicor Financial Corporation.
Our Chairman at the time, Mr Colin Goddard stated that “The demutualization of The Mutual certainly is a watershed in our 162 years history and we believe that this conversion will ensure continued growth and success over the next 162 years.”
The Mutual embarked on its demutualization process in 2000 and received overwhelming support from its policyholders to demutualize. The company now operates as Sagicor Life Inc, a change that will enable it to compete more effectively.
For more information about the demutualization process please read document below:
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