Thursday 5 August 2021

Sagicor Life to invest in Costa Rica

Paying the bills

Latest

First two crashes to new trains cost Incofer US$30,000

QCOSTARICA - It was inevitable. It was never a...

Will the U.S. demand that all people be vaccinated against COVID-19 to enter their country?

QCOSTARICA - The Biden administration is developing a plan...

12 years and over will be vaccinated according to availability of doses

QCOSTARICA - Given the low influx of people over...

Use of styrofoam packaging is prohibited in Costa Rica as of August 7

QCOSTARICA - Sodas, restaurants, retailers and other commercial establishments...
Paying the bills

Share

sagicorInsurance giant Sagicor Life Jamaica (SLJ) will initially invest US$6 million to enter the Costa Rican market, according to its financial report for the year ended December 2012.

Sagicor aims to grow revenues via its new venture in Central America. It received regulatory approval to operate an insurance company last month in Costa Rica but the company previously did not disclose the expected value of its investment there.

“At year end the company’s share of capital invested was US$6 million,” stated Sagicor in its just released financials. “Sagicor injected its 50 per cent share of capital in a joint venture company, Sagicor Costa Rica through its wholly-owned subsidiary Sagicor St Lucia.”

- Advertisement -

Sagicor now operates in Jamaica, the Cayman Islands, St Lucia and Costa Rica.

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.