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April 15, 2021  Sagicor Financial Corporation says the COVID- 19 pandemic has caused significant economic and financial turmoil and uncertainty and has fuelled concerns that have led to a global recession. The comments have been outlined in the company’s latest corporate filings on the 2020 financial year ending December 31, 2020. The group, in notes to the financial statements, said all levels of society had been affected in “significant ways” by COVID-19 and this had caused “a contraction in the economies in which the group operates”. Addressing developments that occurred during the year, the company stated: “The spread of the virus, which resulted in widespread travel restrictions and cancellations, has had a significant, negative effect on global travel and the demand for entertainment and related products offered in key markets in which the Group holds investments.

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