Barbadian insurance company Trident Insurance has been bought by Trinidadian conglomerate Ansa McAl.

Ansa McAl says the deal was sealed today expanding its insurance footprint in Barbados and providing a strong and competitive market presence.

Chairman of ANSA McAL(Barbados) Limited, Andrew Sabga, added and assurance to all policyholders that Trident Insurance will continue to conduct business as usual.

President and CEO of Trident Insurance, Algernon ‘Algie’ Leacock, is quoted as saying the resources of the ANSA McAL conglomerate will enable Trident Insurance to better serve the needs of its policyholders and to remain a strong player in this fast-paced and aggressive financial environment.

He said he was extremely pleased to accept this offer.

Mr. Leacock added that following this divestment, the Leacock family and Group will be pursuing other business opportunities which are a better strategic fit to their existing businesses and future expansion plans.