General Accident Announces Intention To List On The Junior Stock Exchange
Since 1985, MIL has been providing investment advisory services to corporate Jamaica. MIL is the leading broker for Jamaica’s major equity transactions such as initial public offering (IPOs); takeovers; mergers and acquisitions and delistings.
Gary Peart, CEO of MIL notes that GAICJ is one of Jamaica’s oldest and strongest insurance companies and expects that the investing public will take advantage of this new and exciting opportunity. This proposed listing represents the 10th company being brought by MIL to the Junior market since its inception in 2009, and Mayberry continues its strategic focus of partnering with Jamaican businesses to unlock unrealised value.
Paul Scott, Chairman of GAIJC, says “We believe that the Company’s key strengths include its reputation, claims service, deep customer relationships, strategic partnerships with key business originators and reinsurers, and its ability to maintain some of the lowest loss and expense ratios of its local industry peers.”
“We are proud of our management team and staff complement, whose efforts have caused the Company to be recognized as one of the most profitable general insurers in Jamaica based on independent data published by the Insurance Association of Jamaica.”
For enquiries contact:
Deputy Chairman, Musson Group
Chief Executive Officer, Mayberry Investments Limited