Sagicor seeking a new home

Insurance company Sagicor is considering Trinidad & Tobago as one of several country options, as it prepares to relocate its registered offices from Barbados.

Sagicor President Dodridge Miller said the recommendation to change location followed Standard & Poor’s recent downgrade of  entities within the Sagicor Group.

Mr. Miller said the revisions followed S&P’s downgrade of Barbados’ credit rating. He said consideration is being given to other locations, including the United States, Luxembourg and the United Kingdom.

The process is expected to be completed by the end of  this year.