Sagicor Financial, one of the largest financial services groups in the Caribbean, completed move of its holding company to Bermuda from Barbados. Conyers Dill & Pearman advised Sagicor on the move.
On 8 June 2016, the shareholders of the company approved the discontinuance of the company from Barbados to Bermuda. Taking into consideration Bermuda’s historically strong and stable infrastructure and credit ratings, a continuance to Bermuda was deemed to be in the best interests of the company. It is expected that the company’s continuance will provide the potential for an improved credit rating and better access to capital to fund future development, as well other business opportunities.
David Cooke and Sophia Greaves, both Conyers Directors, advised on the transaction, along with Associate, Sarah Lusher.