Sagicor Financial Company Ltd. Provides Update on Scotiabank Insurance Transaction in Trinidad & Tobago

TORONTO and BARBADOS, July 2, 2020 /CNW/ - Sagicor Financial Company Ltd. ("Sagicor") announced its intention in November 2018 to acquire ScotiaLife Trinidad and Tobago Limited. Sagicor and Scotiabank Trinidad & Tobago Limited have mutually agreed not to proceed with the 20-year distribution agreement for insurance products and solutions in Trinidad & Tobago. As a result, Sagicor will not proceed with the acquisition of ScotiaLife Trinidad and Tobago Limited. 

Sagicor remains committed to the Trinidad and Tobago market and will continue to provide quality products and excellent service with the ultimate goal of improving the lives of people in the communities in which we operate.

About Sagicor Financial Company Ltd.

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider in the Caribbean, with almost 180 years of history, and has a growing presence as a provider of life insurance products in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, and real estate. Sagicor's registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St. Michael, Barbados.  Additional information about Sagicor can be obtained by visiting www.sagicor.com.

SOURCE Sagicor Financial Company Ltd.

Media: Ingrid Card, Vice President, Group Marketing, Communications & Brand Experience, Tel: [phone], [email protected]; Investors: Samantha Cheung, Executive Vice President, Investor Relations, Tel: [phone] or 1-800-342-0719, [email protected] or [email protected]