As one of the oldest insurers in the Americas, Sagicor has a storied and illustrious history in the Caribbean dating back to 1840. From our humble beginnings as a local life insurance company, to developing into a regional financial services group, to ultimately growing into the international financial services market, we’ve witnessed a lot. It is these experiences that position us to give wise financial thinking for life.

To learn more about key moments in Sagicor’s past, scroll down.

1800s

1840

First Office Opens

First office opens at #2 High Street, Bridgetown, Barbados.

1840

Establishment of the Barbados Mutual Life Assurance Society.

Howard Gill, purchased the society's first policy on 24th November, 1840. His annual premium was $312.00 for a sum assured of $10,000.  

1845


First Actuary, Henry Beckles Gall. 

1849-1900

St. Vincent was the first branch opened outside of Barbados.

Grenada and Trinidad opened in 1858. St. Kitts opened in 1861, Antigua and Montserrat opened in 1863. Followed by Guyana opening in 1866, Dominica in 1868, St. Lucia in 1888 and finally Jamaica in 1896.

Barbados Fire was established in Barbados in 1880 and issued its first policy in 1881.

 

 

1895

The Mutual Building designed by English Architectural Firm, Messrs. Cossin And Peacock.

1900s

1987

Acquisition of Travellers Portfolio and the rebranding of Aruba, Bahamas, Belize, Cayman Islands, Curacao, St.Maarten and Haiti to Capital Life.

1990

Barbados Fire & General Insurance Company Limited merged with Barbados Commercial Insurance Co. Limited to form Barbados Fire & Commercial Insurance Co.Ltd.

1993

Opening Of Mutual Bank of the Caribbean.

 

1994

Mutual Financial Services is established.

Caribbean Caricard Services is established.

1997

Establishment of Mutual Asset Management Inc.

Mutual Funds Inc. is established. 

1998

Acquisition of the Panama branch of Atlantic Southern Insurance Company.

 

1999

Acquisition of Island Life insurance Co.Ltd. in Jamaica and Nationwide Insurance in Trinidad and Tobago.

First AM Best Rating 'A' Excellent received by BMLAS and maintained by Sagicor Life Inc. 

2000s

2000

The acquisition of 23% interest in Life of Barbados.

2001

Acquisition of Life of Jamaica in Jamaica and Allnation in the US. 

2002

Acquisition of majority shares in Life of Barbados.

The establishment of the holding Company, Sagicor Financial Corporation, 45,000 policyholders awarded shares as a result of the demutualisation. The Initial Public Offering of Sagicor Shares increased shareholders to 49,000.

2003

SFC lists on the Barbados Stock Exchange.

The Mutual Bank is sold to Butterfield Bank.

2004

SFC lists on Trinidad  & Tobago Stock Exchange.

2005

Acquisition of Laurel Life and American Founders Life Insurance Company in the US.

Life of Jamaica acquires Cayman General Insurance.

Acquisition of 20% of FamGuard.

Acquisition of  First Life Insurance Portfolio.

Acquisition of majority interest in Pan Caribbean Financial Services.

2006

US$150 Million Bond Offering on the US Market.

Sagicor Life Inc assigned a Standard and Poor's(S&P) financial strength rating of "BBB+".

American Founders Life Insurance Company rebrands as Sagicor Life Insurance Company Limited.

2007

SFC Lists on the London Stock Exchange.

Establishment of Sagicor Europe Ltd.

Acquisition of Gerling at Lloyd's Group in the UK,rebranded as Sagicor at Lloyd's.

2008

Acquisition of controlling interest in Barbados Farms Ltd.

Rebranding of Life of Jamaica to Sagicor Life Jamaica Ltd.

Rebranding of Byrne and Stacey Underwriting to Sagicor Underwriting.

2012

Sagicor launches the Sagicor Visionaries Challenge programme.

Sagicor Life Jamaica agrees to participate in the Government of Jamaica National Debt Exchange Programme.

Sagicor Life  acquires the traditional life insurance policies of British American  Insurance Company Limited in the Eastern Caribbean.

2013

Sagicor Group Jamaica enters into a Sale and Purchase Agreement to acquire RBC Jamaica.

SFC sells Sagicor Europe and its subsidiaries to AmTrust Financial Services.

2014

Sagicor Group Jamaica acquires RBC Jamaica and operations  rebranded as Sagicor Bank.

2015

Sagicor issues 7-year US $320 million Bond.

SFC completes US $320 million Bond Offering on the International Market.

2015

Sagicor launches Sagicor Foundation(Jamaica).

2015

Sagicor  celebrates 175 years.

2016

SFC redomiciles in Bermuda and the company name is changed to Sagicor Financial Corporation Limited.

2018

Sagicor Life  Inc and Sagicor General Insurance Inc divests interest in Globe Finance Inc.

Sagicor General Insurance Inc acquires Harmony General Insurance Company Limited in Barbados.

SFCL enters into arrangement agreement with Alignvest Acquisition II Corporation.  Subject to regulatory approvals and upon closing in 2019, Sagicor would acquire a listing on the Toronto Stock Exchange.