Sea te cibo audiam moderatius, at mei enim habeo accommodare, vel audiam sanctus consetetur in. Our Business Hours may have changed, please call for more information. The Company is engaged in the underwriting of all classes of long-term insurance business. Guardian General Insurance Jamaica Limited provides commercial, liability, residential, auto and marine insurance. National Commercial Bank Jamaica (File photo) The NCB Financial Group Limited indicates that it is about to execute a merger of insurance operations with Guardian Limited for greater efficiency.The company announced today, July 1, via a Jamaica Stock Exchange notice, that it is seeking to ‘strengthen its Jamaican insurance portfolio and optimise its product and service offerings and customer experience.”Therefore, it has begun the process of streamlining the insurance business currently offered by its competing subsidiaries – NCB Insurance Company Limited (NCBIC) and Guardian Life Limited.NCB Group said that NCBIC has submitted applications to the Financial Services Commission seeking approval for the transfer of 100 per cent of the company’s portfolio of insurance and annuities business to Guardian Life Limited.It is also seeking from the regulator permission to operate as a licensed dealer under the Securities Act; and registration of NCBIC as an insurance agent under the Insurance Act.The submission also indicates that the application for approval of transfer of business and the application for registration as an insurance agent are contingent upon each other.If approved, these applications will allow NCBIC to discontinue its business as an insurance underwriter, but retain and continue to operate its business as a pension fund administrator and investment manager, while selling insurance products as an exclusive agent of Guardian Life Limited under a new company name.NCB Financial said insurance policies for existing policyholders will not be impacted, as GLL will honour the contracts being transferred on its current terms.“We recognise that while each entity has delivered strong performance results,” said President and Group CEO at NCBFG, Patrick Hylton, adding that “having competing entities within the same Group of companies has resulted in missed opportunities to collaborate and leverage economies of experience and scale that could positively benefit each entity’s customers and performance.”Hylton said, “As we adapt to doing business in the ‘new normal’, companies must take every opportunity to optimise employee and customer experiences, operating efficiency and shareholder value to maintain their viability.”NCB Financial Group Limited was incorporated in April 2016 to be licensed under the Banking Services Act as the financial holding company for National Commercial Bank Jamaica Limited.The company is the largest financial services group in Jamaica with roots dating back to 1837.In May 2019, the banking conglomerate finalised the acquisition of an additional 74.23 million shares in Guardian Holdings Limited, which doubled its ownership of the regional insurance group to 62 per cent at a cost of US$207 million ($28 billion).Guardian Life has sold insurance in Jamaica since 1999. The company is engaged in the underwriting of all classes of long-term insurance business.Guardian’s policies are sold by employed insurance advisers and through brokers, operating in ten branches across Jamaica.Hurricane Isaias to strengthen as system becomes better organisedBob Marley clothing collection launched for 75th birthday celebrationUS sinks another US$2.1 billion into a potential vaccineRevenues, profit up for Victoria Mutual InvestmentsExxon lost US$1B in second quarter as oil use dries upBahamas, Florida brace as new Hurricane Isaias bears downIDB report calls for infrastructure overhaul in LatAm, CaribbeanComplete your registartion to follow our newsletter© 2019 CBR, a subsidiary of Ramble Media Corporation. Falli habemus no nam, nulla dicunt voluptaria per ea, nam quaeque perpetua no. Ut tota lorem mea. In May 2019, the banking conglomerate finalised the acquisition of an additional 74.23 million shares in Guardian Holdings Limited, which doubled its ownership of the regional insurance group to 62 per cent at a cost of US$207 million ($28 billion).
Terms and Conditions Privacy Policy About Us Contact Us All rights reserved © 2020 Guardian Life Designed By Software Architects Limited, Jamaica W.I. Guardian Life has sold insurance in Jamaica since 1999. National Commercial Bank Jamaica (File photo) Guardian General Insurance Jamaica Limited provides commercial, liability, residential, auto and marine insurance. Quo ei maluisset persecuti, iriure theophrastus deterruisset duo ut. Opening: $18.00 | Closing: $18.02 | Change: $0.02 | Updated: 2019-02-19 All rights reserved.© 2019 CBR, a subsidiary of Ramble Media Corporation. https://www.facebook.com/GuardianGroupJamaica/videos/1939920876141130 We will contact you shortly when your listing has been removed.Fill out the form below to submit a White Page listing removal request. GHL Share Price Trinidad & Tobago Stock Exchange.
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