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Key Insurance Company contemplates rights issue

The Board of  Key Insurance Company is contemplating a rights issue.

The company has informed the Jamaica Stock Exchange that its Board will meet tomorrow to continue deliberations on a rights issue or capitalisation issue.

Earlier this week, it was  reported that Key Insurance suffered a $305 million loss during the first nine months of  its 2019 financial year. 

During the January to September period the company's gross premiums amounted to $1.1 billion compared to $1.4 billion last year .

 



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