Marathon readies for IPO

BOARD CHAIRMAN of the Marathon Insurance Brokers (MIB), Richard Burgher, said the company is to expand its brand across the Caribbean and strategically register the entity on the local and regional stock markets.

“In every crisis there are opportunities and it’s our job as business leaders to find and deliver those opportunities. It is with this in mind, that we remain confident in our growth strategy – and I can say with some confidence that our planned initial public offer (IPO) for next year remains on track. We continue to believe that with our strong fundamentals and the talented team we have in place, Marathon is well positioned to offer investors an exciting opportunity for growth and expansion,” Burgher told insurance officials and guests at the recent opening of the company’s new life division.

He said that the newly-launched life division is a testament to MIB’s ongoing evolution and commitment to delivering a full range of insurance solutions to the Jamaican market.

With sights set on the initial public offering and expanding the brand to other countries in the Caribbean, Burgher said the firm will leverage its strong technological and e-commerce presence to position itself competitively across the region.

As a leader in the insurance industry for over 34 years, Marathon is well known for its dedication to expert service and customer satisfaction. With the addition of life, health and employee benefit insurance to its portfolio, the company is poised to become a one-stop solution for all insurance needs, solidifying its position as the top brokerage in the region.

President and chief executive office of Marathon, Levar Smith said the firm will continue to take giant steps in its determination to give clients full access to critical financial information, support and the best insurance responses to their economic, employment benefits and health challenges.

“Marathon remains on the cutting edge of the insurance industry and our mission is to stay ahead of the curve, providing full coverage of your life, health and assets. Our commitment is to develop viable and affordable solutions for the broadest spectrum of situations even before they arise,” Smith said.

Marathon’s strategic expansion underscores the company’s ongoing commitment to innovation, as it ensures service efficiency by utilising the latest advancements in insurance technology to enhance customer experience.

Life Division General Manager, Otis Hamilton said with the combination of expertise, experience, exposure and first-rate training, the team will be a dynamic force serving clients at every level.