JN Financial Group Signs Agreement to
Transfer JNGI Shares to BCIC
An agreement was signed on January 21, 2025 for the purchase of shares in JN General Insurance Company Limited (JNGI) from the JN Financial Group Limited, by British Caribbean Insurance Company (BCIC).
The acquisition is subject to regulatory review, and the sale will not be finalised until approval from the Financial Services Commission is received.
During the period between signing and the finalisation of the sale, all JNGI branches will continue to operate as usual, providing services to existing policyholders. JNGI will also continue to write business and settle claims through its branches and brokers.
We value your business and are grateful for your continued loyalty.
FAQs
Now that the sales transaction has begun, what does this mean if I have a policy from JNGI?
During the period leading up to the Finalisation of the sale, all JNGI branches will continue to operate as usual, providing services to existing policyholders. JNGI will also continue to renew motor and property insurance through its branches and brokers, as well as honour insurance claims.
How long will it take for the transaction to be completed?
The process to complete the sale should take approximately eight weeks.
What happens to my policy when BCIC takes full control?
Your policy will continue in full effect until the expiration date. When it is time to renew, you have the option to renew with BCIC or another company.
I currently enjoy automatic JAA membership as a JNGI motor insurance policyholder. Will this discontinue?
All terms and conditions currently enjoyed by policyholders will remain in force until the expiry date of the respective policies.
I currently enjoy a discount on insurance from JNGI as a JN member. Will this continue?
Discussions continue with BCIC to see what benefits JNGI policyholders will receive.
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