News

Sagicor Investments Cayman Limited (SICL) celebrated its one-year anniversary with an elegant event dubbed "Grand Cocktails on the Coast," on Saturday, May 11, 2024, at the prestigious Grand Old House in George Town, Cayman Islands.

The occasion served as a milestone, commemorating SICL's inaugural year in operation and also its first client engagement. Throughout this period, the company has been establishing the foundation for its presence in the financial services landscape of the Cayman Islands, with a particular emphasis on offering wealth management, asset management, and investment advisory services.

With the Cayman Islands renowned as a global leader in institutionally focused financial services and a preferred destination for sophisticated financial products, SICL adds to this reputation by providing wealth management services, asset management services, and investment advisory services.

"Since opening our doors just over a year ago, we have eagerly awaited this moment," said Sagicor Group President and CEO, Christopher Zacca. "The decision to expand our investments business into the Cayman Islands was a no-brainer, given the region's global reputation as a premier financial hub. Our Life Insurance business in Cayman has consistently been the market leader, and we are grateful for the tremendous support by the community over the years."

Highlighting Sagicor's commitment to excellence, Zacca was keen to point out the company's recent accolades in corporate governance and investment ratings. "We have recently received the highest possible score for Corporate Governance by the Jamaica Stock Exchange. Our attention to governance and risk management is second to none, and we have consistently received high Investment Grade ratings from regional rating agencies. Our parent company, Sagicor Financial Company, listed on the Toronto Stock Exchange, is currently rated as Investment Grade by Standard and Poor, Fitch, and Morningstar DBRS."

Over the past few years, Sagicor has shown a strong appetite for regional expansion through recent ventures in Costa Rica, Panama, and now the Cayman Islands. This strategic expansion not only solidifies Sagicor's presence in key markets but also underscores its commitment to becoming a leading player in the Caribbean and Latin American financial landscape. With a proven track record of success and a keen understanding of the diverse needs of customers across different markets, Sagicor is well-positioned to capitalise on emerging opportunities and drive sustainable growth in the region.

Tara Nunes, CEO for Sagicor Investments Jamaica and Sagicor Investments Cayman Limited also expounded on this by adding “Sagicor Life of the Cayman Islands, which has been operating here [in Cayman] for many years and is the largest life insurer on the island; Sagicor Investments is not new to the scene. We have been successfully operating in Jamaica for many years, with an extensive track record of top performance and offering the full range of investment banking products and services. As part of our group's strategic plans for further regional expansion, our entry into the Cayman market marks a significant step along that path. We're eager to bring our expertise in Wealth Management and our extensive experience to the Cayman Market.”