Sagicor General Insurance Inc (SGI) has officially taken over the operations of Harmony General Insurance Company Ltd.
This following the receipt of regulatory approval by the Financial Services Commission.
President and CEO of Sagicor General Insurance Inc, Keston Howell, says the move to combine operations with Harmony General provides the opportunity to expand Sagicor General's insurance footprint in Barbados.
He says a transition team is currently working on the integration of the operations of the two entities and until further notice customers of (former) Harmony General will continue to be served from the offices at Harmony Hall.
Sagicor General’s customers will be served from the offices at Haggatt Hall, Collymore Rock and City Centre Mall.
Going forward, Harmony General will be rebranded as Sagicor General Insurance, and customers will benefit from SGI's recently reaffirmed "A- (Excellent) A.M. Best rating.