Sagicor Financial Corporation Limited

Sagicor Financial Corporation Limited

Sagicor is a leading financial services provider in the Caribbean, with over 178-years of history, and has a growing presence as a provider of life insurance products in the United States. Sagicor’s experience and reputation for financial prudence has become a trusted partner for all stakeholders offering a wide range of financial solutions and services, including life, health, and general insurance, banking, pensions, annuities, and real estate services.

The company’s vision “to be a great company, committed to improving the lives of people in the communities in which we operate” is what guides its business strategies. In support of this vision, Sagicor’s leadership approach to corporate and social responsibility (CSR) is simple: to positively influence as many lives as possible through strategic focus areas grounded in the greatest transparency, ethical standards and a steady focused approach. During the last financial year, the Sagicor group of companies contributed over US$1.3M towards sponsorship and philanthropic efforts centered around health, education, community and youth development and sport.

The investment in the creation of innovative solutions and services is a key component to Sagicor’s high customer rating. One such innovation is Sagicor Go”, launched across the Sagicor Group enabling customers to access their policy information as well as general information on insurance from smartphones and tablets. In the US, the electronic application, Accelewriting, is a state-of-the-art automated underwriting programme, providing real-time underwriting decisions within minutes to customers. “SagicorNow” is also another innovative, game-changing programme that allows customers to secure life insurance in less than 20 minutes. As such Sagicor’s independent customer service survey continues to rank Sagicor above global industry average across all business segments.

Sagicor has followed a carefully crafted business strategy, which has seen the company transform from a local single-line life insurance company to a financial services group with a solid regional base, before expanding into the international financial services market. Today, operating in 22 countries, including the USA and Latin America, Sagicor has total assets of US $7.3 billion, and $1.135 billion in equity. This success would not be possible without the commitment and dedication of the 4500-plus team members.

Sharing in a commitment to group goals and strategies, the Sagicor team continues to effectively redefine the company’s offerings and deliver bigger and better results. In turn, this strong performance can be reflected in group satisfaction survey scores which trend positively year on year. The survey results have proved beneficial in guiding the development of team engagement initiatives and corporate branding programmes, as team engagement continues to increase.

In 2019, Sagicor’s shareholders approved the strategic anchor investments of over $400 million from Canadian, Caribbean and other long-term investors into Sagicor Financial through a publicly listed shell company, Alignvest Acquisition II Corporation (Alignvest). This transaction is yet another significant milestone in Sagicor’s storied history, one which has seen Sagicor acquire a listing on the Toronto Stock Exchange, bringing to the fore international exposure and greater access to capital to fund growth.

GraceKennedy Limited

GraceKennedy Limited

On February 14, 1922 Dr. John Grace and Mr. Fred William Kennedy established Grace, Kennedy & Company Limited in Kingston, Jamaica to carry on a general mercantile, shipping and insurance business.

Today it is known as GraceKennedy Limited, one of the Caribbean's largest groups of companies with over 2,500 employees. Publicly listed on the Jamaica and Trinidad & Tobago Stock Exchanges, it is the parent company for over 40 subsidiaries with operations spanning Jamaica, other Caribbean countries, Belize, the USA, UK, Canada, and Africa operating mainly in the food and financial services industries.

The Food Trading Segment, GK Foods, comprises six factories which produce a number of products under the flagship Grace brand, other GraceKennedy-owned and also some third party brands; marketing and distribution companies in Jamaica and overseas; as well as retail outlets through Hi-Lo Food Stores supermarket chain in Jamaica. The GraceKennedy Group distributes food products bearing the Grace brand, other GraceKennedy-owned brands, and the brands of its principals in over 40 countries around the world. In Jamaica, Africa, Canada, Belize, the USA and the United Kingdom, the company distributes its offerings through fully-owned subsidiaries based in these locations. For the rest of the world, its products are marketed and sold through independent distributors.

The Financial Services segment, GK Financial Group, comprises commercial banking, general insurance, insurance brokerage, investment banking, remittance, cambio and bills payment services businesses.

The company's insistence on the high quality of its products and services, as well as being true to its founding principles of honesty, integrity and trust, has made it a household name in Jamaica and the rest of the Caribbean.

Committed to being an exemplary Corporate citizen and mindful of its responsibility to give back to society, GraceKennedy has contributed generously to Jamaica's development through the years. In addition to providing financial assistance to a host of worthy causes, GraceKennedy has institutionalised its programme of support through its two Foundations. These are the Grace & Staff Community Development Foundation (Grace & Staff) and the GraceKennedy Foundation.

Grace & Staff offers assistance to under-resourced communities located in proximity to GraceKennedy operations. Established in 1979, Grace & Staff has directly reached more than 10,000 community residents. At present nearly 600 students receive support through the homework centres as well as tuition bursary support, career guidance and counselling.

The GraceKennedy Foundation, established in 1982, focuses on giving assistance in the areas of education and protecting the environment. In addition to the award of annual scholarships and bursaries to students, the GraceKennedy Foundation contributes to long term thought leadership and innovation in workforce development and social and environmental management through the Professorial Chairs in Management and Environmental Management at The University of the West Indies. The professors have supervised over 50 Masters and PhD students in areas critical to national development including migration, environmental management, sustainable tourism, and Caribbean regional integration.

GraceKennedy's subsidiaries based outside of Jamaica are also actively involved in giving back to communities wherever they are located.



Sandals Resorts is a Jamaican operator of all-inclusive resorts for couples in the Caribbean and part of Sandals Resorts International, parent company of Sandals Resorts, Beaches Resorts, Grand Pineapple Beach Resorts, Fowl Cay Resort and several private villas.

YMCA of Greater Toronto

YMCA of Greater Toronto

The YMCA of Greater Toronto is a charity that has been tackling the most critical health and social issues in the GTA for more than 160 years. The YMCA's research-based curricula and programs provide opportunities for personal growth, social development, leadership, and recreation in safe, caring, and welcoming environments - underpinned by a strong and active commitment to diversity and social inclusion.

This commitment manifests itself in the YMCA of Greater Toronto's partnership in the recently released Black Experience Project, its outreach initiatives to welcome and support Syrian refugees to the GTA, as well as its focus on using the Social Determinants of Health to guide the design and execution of its wide-ranging programs, including child care, employment services, education and training programs, immigrant services, youth leadership development, outreach and intervention, health and fitness programs, camps, youth housing, and volunteer development.

Serving the population of the City of Toronto and the regional municipalities of Durham, Peel, York, and Halton plus Dufferin County, last year the YMCA of Greater Toronto made 557,540 connections with people across 438 locations. Along with the support of donors and community partners, the YMCA's 5,734 full- and part-time employees and 5,268 volunteers are dedicated to delivering diverse and inclusive programs that build healthy communities.

The YMCA of Greater Toronto believes that everyone in the GTA should have the ability to realize their potential to stay healthy - physically, socially, and mentally. This critical mission means many things, including serving all ages and income levels, ensuring that children and youth have equal access to opportunities, and valuing the diversity of people and communities as assets that contribute to the social, political, and cultural enrichment - of the YMCA, the Greater Toronto Area, and beyond.

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