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NCBCM gets approval for AGI acquisition
2013-02-08 11:17:28 | (0 Comments)
NCB Capital Markets Limited said Thursday it would finalise the acquisition of Advantage General Insurance in a few days, having now received approval from the Financial Services Commission for the deal to proceed.
Advantage General is reportedly the largest motor insurer in Jamaica. NCB is already involved in insurance in the life market.
The new acquisition gives the group a foothold in the general insurance market.
Both Advantage General and NCB are ultimately owned by the same investor, Michael Lee Chin.
Source: The Gleaner/Power 106 News
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