At the recent launch of Marathon Insurance Brokers’ new Life Division, Metry Seaga, President of the Private Sector Organisation of Jamaica (PSOJ), underscored the urgent need for strong structures, stability, and smart investments in the Jamaican people to drive real business growth. Seaga articulated that optimism alone is insufficient for the advancement of local businesses.
Emphasizing the critical role of insurance, he stated, “Without access to reliable health insurance, a single illness can wipe out a family’s savings. Without life insurance, a tragic event can plunge a household into poverty. And without employee benefits, talented individuals may look abroad for better opportunities. The launch of the Life Division signifies a commitment to addressing these issues for the Jamaican workforce.”
Richard Burgher, Chairman of Marathon’s board of directors, echoed this sentiment, highlighting that the establishment of the new division reflects Marathon’s evolution and commitment to providing comprehensive insurance solutions. He expressed the company’s intention to expand services to other Caribbean markets by utilizing strong technological and e-commerce capabilities to enhance their competitive edge.
Burgher acknowledged the challenges posed by recent shifts in US trade dynamics, comparing it to significant historical economic changes. He maintained a positive outlook, stating, “In every crisis, there are opportunities, and it’s our job as business leaders to find those opportunities.” He confidently reported that Marathon’s planned IPO for the next year remains on track, offering promising prospects for growth and investor interest.