General Accident Insurance Company Jamaica Limited (JMSE:GENAC) and Micon Marketing Limited agreed to acquire Motor One Insurance Company, Ltd. on September 16, 2019. Under the transaction, General Accident Insurance Company Jamaica Limited will acquire 55% stake and Micon Marketing Limited will acquire the remaining 45% stake. Robert Mowser, an experienced Trinidadian insurance executive, has been appointed as Motor One’s Chief Executive Officer. The transaction has received the approval of the Financial Services Commission in Jamaica and a letter of no objection from the Central Bank of Trinidad and Tobago.