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Report: Colonial Group International gets minority stake in Beacon Insurance

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Report: Colonial Group International gets minority stake in Beacon Insurance

Colonial Group International Ltd. bought a minority interest in Trinidad and Tobago-based Beacon Insurance Co. Ltd., Bernews reported.

The deal expands Colonial Group International's presence to 12 jurisdictions across the Caribbean region, including countries where Beacon Insurance is licensed to operate such as Trinidad and Tobago, Grenada, St. Vincent, St. Lucia, Dominica, St. Kitts and Nevis as well as Barbados.

The deal is still subject to regulatory approval by the Central Bank of Trinidad and Tobago.