General Accident Insurance Company Jamaica Limited (General Accident) reported Friday last (February 14) record premiums and earnings for its financial year ended December 31, 2019 and expanded its reach beyond Jamaica for the first time.
“General Accident produced the largest premiums and net profits in our history last year and generated a return on average equity for shareholders of 19 per cent. While our base of property and commercial lines business remains strong, we now also have a growing share of the Jamaican motor insurance market and a presence in Trinidad,” stated chairman PB Scott in the company’s financial statement.
In the latter part of September, General Accident acquired a 55 per cent stake in Motor One Insurance Company, a Trinidadian motor insurance company headquartered in Port of Spain, with a large branch network throughout Trinidad.
Leave A Comment