SCOTT... I’m excited about our ability to join forces with the Beacon team to better serve our people and our clients at both General Accident and Beacon.
MUSSON (Jamaica) Limited has acquired Beacon Insurance Company Limited, a Trinidad and Tobago-based insurer, to strengthen General Accident Insurance Company (Jamaica) Limited’s (GENAC’s) position as a leading regional provider.
Musson completed the purchase on October 31. Beacon will become a subsidiary of GENAC, subject to regulatory approvals. Once approved, the Hadeed family, founders of Beacon, are expected to become minority shareholders in GENAC.
“We have long admired Beacon as an outstanding, well managed insurance company. We are privileged to now have the opportunity to work with its talented leadership team, combine Beacon with our own business and create a powerful platform across the Caribbean.
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