New head appointed for Advantage General Insurance Company

 Sagicor Group announced via the Jamica Stock Exchange on Monday December 5, 2024, that Dave Morrison has been appointed CEO of Advantage General Insurance Company Limited (AGIC). This became effective on December 1, 2024.




President & CEO of Sagicor Group Jamaica Limited and Chairman of AGIC, Christopher Zacca, said Morrison “comes with a keen vision to build on the strong legacy Advantage General has established over the years. We look forward to his leadership continuing to position AGIC as the digital insurer of choice.”

Since September 2023, Morrison served as AGIC’s Deputy CEO, after rejoining the team in 2019 as its Chief Financial Officer. He has spent more than ten years combined at the company.

 Commenting on his appointment, Morrison said re AGIC, “With some of the best in the business across our ten locations, we will boost efficiency, innovate and deliver the highest quality of service and value for our clients.”

Sagicor noted that Morrison, a chartered accountant, brings to the role more than 20 years’ experience, leading the financial affairs of several companies locally, including Rubis Energy Jamaica and Mavis Bank Coffee Factory. Morrison also served as a director of Sterling Asset Management Limited and Dolphin Cove Limited.

Sagicor Investments Jamaica (SIJ) acquiring a sixty-percent stake in Advantage General Insurance Company Limited (AGIC) from NCB Capital Markets Limited, a subsidiary of National Commercial Bank Jamaica for $6.5 billion in 2019.

Advantage General Insurance Company Limited (AGIC) is currently described as largest General Insurance companies. Formed in 1964 under the name Central Fire, the company became AGIC in 2007.

 On acquiring the stake Sagicor said that the partnership allows Advantage General to leverage the capabilities of another strong brand in the Jamaican landscape and create possibilities that will guarantee dominance in the local and regional arena.

Parent company Sagicor Group Jamaica is a financial services conglomerate.  The group offers services in Banking, Insurance, Investments, Real Estate, Asset Management and Retirement Planning.

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