GraceKennedy To Acquire Scotia Insurance Eastern Caribbean Ltd (SIECL)

GraceKennedy’s recent acquisition is one of several prospects their new M&A unit has in their sights!

There working on about 10 deals at different stages some in ?? & ??

They’re acquiring 100% of the shares of Scotia Insurance Eastern Caribbean Ltd (SIECL)

This acquisition

• Aligns with GK’s strategic vision of expanding their financial services business in the region
• General and Life Insurance are significant areas of growth they’re targeting in the Caribbean
• SIECL is a licensed life insurance company operating in seven countries in the Eastern Caribbean
• SIECL offers credit protection regionally to customers on personal loans, residential mortgages, personal lines of credit, personal and small business credit cards