NEWS IN BRIEF

Sagicor Life Jamaica... has, through its St Lucian subsidiary, obtained regulatory approval to operate an insurance company in Costa Rica. It will take a 50% stake in the new company with locally based retail and investment services company Capital & Advice. The new joint venture will operate under the Sagicor brand. Sagicor Life Jamaica will provide technical expertise and administrative services and operating systems to support the insurance operations. Capital & Advice, which has experience in financial services and other commercial operations in Costa Rica, will provide marketing support to the joint venture.