Sagicor Financial Corporation

RETIREMENT OF DR OSCAR JORDAN

At its recently held Sixth Annual Meeting of Shareholders, Sagicor Chairman, Mr. Terrence Martins, announced the retirement of Dr Oscar Jordan, after almost twenty years of service as a Sagicor Director.  

Dr Jordan joined the Board of Sagicor Life Inc in 1990 and became a Director of Sagicor Financial Corporation in 2002. He has also served as a member of the Corporate Governance Committee for the last five years.

Mr. Martins told Shareholders, 'Dr Jordan joined Sagicor at an important time when, policyholders of Barbados Mutual (now Sagicor) were demanding wider representation at the board level. He is one of the few remaining Sagicor Directors who has presided over the transformation of the Group from a small mutual company into a full-fledged financial institution.'

For over two decades, Dr Jordan has rendered conscientious and invaluable service to the Sagicor Group and Sagicor Directors, Management, Staff and Agents thank him for his loyal service and extend best wishes to him on his retirement.

Sagicor is a leading provider of financial services in the Caribbean with operations in 21 countries including the United States, United Kingdom and Latin America, with total assets in excess of US$3.9 billion. The Sagicor Group offers a wide range of products and services including life insurance, annuities and group and individual health and has a policyholder base of approximately 600,000. Sagicor is a widely-held publicly-traded company with 38,000 shareholders and is listed on the stock exchanges of Barbados, Jamaica, Trinidad and Tobago and London .

Additional information about Sagicor can be obtained by visiting www.sagicor.com . 

10 July 2009

- END -

Enquiries: