GHL Buys Pension Portfolio from Parent Company

• Guardian Holdings Ltd (GHL), on July 15, 2025, announced that its board of directors had approved the acquisition of the pension fund management portfolio of NCB Insurance Agency & Fund Management Ltd on July 11.
• The pension fund management portfolio was acquired by Guardian Life Ltd (GLL), which is GHL’s life, health and pension business based in Jamaica. The transaction involves related parties as NCB Financial Group (NCBFG) owns 61.77% of GHL and 100% of NCB Insurance Agency & Fund Management Ltd.
• In a notice published on the website of the Jamaica Stock Exchange, GHL described the transaction as a strategic initiative, adding that the acquisition “is expected to deliver strategic and financial value to GLL and by extension the group, strengthen market position and grow Shareholder value in the medium to long term.”
• In September 2020, NCBFG streamlined its Jamaican insurance business through the transfer of the insurance and annuities portfolios of NCB Insurance Company Limited to fellow subsidiary Guardian Life Ltd.
• Following the transfer of the portfolios, NCBIC changed its name to NCB Insurance Agency & Fund Management, as the company continues to provide pension fund administration and investment management services.

(Sources: JSE, Trinidad and Tobago Guardian)