Sagicor Jamaica is expressing confidence that it is capitally strong and highly liquid enough to ride out the COVID-19 economic contraction now on in earnest in Jamaica and across the globe.
President and CEO of Sagicor Group Jamaica Chris Zacca spoke about the group’s strong capital position having amassed $140 billion in assets in addition to billions of dollars’ worth of easily tradable securities both in hard currency and Jamaican dollars. Addressing a Zoom press briefing on Wednesday to announce details of the company’s 2019 financials, Zacca sought to allay any concerns that Sagicor might buckle under the COVID-19 economic contraction.
On the contrary, Zacca declared that Sagicor is “strong and solvent” and well able to withstand the economic downturn being brought on by the COVID-19 pandemic.
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