$SFC.TO

Sagicor Financial Renews Normal Course Issuer Bid to Buy Back Shares

Sagicor Financial's (SFC.TO) notice of intention to renew its normal course issuer bid was approved by the Toronto Stock Exchange, which may allow the company to buy back up to 9.2 million common shares, it said on Monday.The bid covers the 12 month period starting on Wednesday, it said. The number of shares authorized for repurchase represents 10% of the public float, said the company. Sagicor had 136.2 million issued and outstanding common shares as of June 10, it said.Sagicor also extended the term of its automatic share purchase plan in relation to the buybacks made in connection with the bid to allow it to buy shares under the bid when the company would ordinarily not be permitted because of regulatory restrictions and customary self-imposed blackout periods.Shares of the company closed up 3.2% to C$8.49 on Friday on the TSX.

Earnings Flash (SFC.TO) Sagicor Financial Posts Q1 Core Basic EPS US$0.184 per Share

Sagicor Financial Appoints Eric Sandberg as President of Sagicor Life USA

Sagicor Financial (SFC.TO)on Tuesday said it appointed Eric Sandberg as president of Sagicor Life USA.Sandberg most recently served as chief financial officer and chief risk officer at National Life Group, a life insurance and annuity provider operating in 49 U.S. states."This appointment is an important step as we continue to build out our American leadership team to successfully execute on our U.S. strategy. Eric's background and expertise will be invaluable in driving our next phase of growth," chief executive Andre Mousseau said in a release.Sagicor Financial shares were last seen down $0.13 to $9.39 on the Toronto Stock Exchange.Price: $9.39, Change: $-0.13, Percent Change: -1.37%