Jamaica-based General Accident Insurance Company Ltd. and Beacon Insurance Company Ltd. of Trinidad and Tobago plan to establish a leading insurer in the Caribbean, Dominica News Online reported. Parent company Musson (Jamaica) Ltd. acquired full ownership of Beacon effective Oct. 31, making the insurer a subsidiary of General Accident, pending regulatory approval. The deal will expand General Accident’s footprint in Trinidad and Barbados and open entry into Dominica, Grenada, St. Kitts, St. Lucia and St. Vincent.
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