INSURANCE CO. SALE.

The Barbados Mutual Life Assurance Society has sold its 70% ownership interest in Trident Insurance Co. Ltd. to a group of Barbados-based investors and the Commonwealth Development Corp., reports The Sunday Sun (March 28, 1999). Trident CEO Algie Leacock, who will continue in that position, confirmed the sale. He added that Cooper Gay Holdings Ltd., one of Britain's largest reinsurance brokers, was the other major shareholder in Trident (about 30%). Trident has been operating in Barbados for more than 25 years and offers property, motor and marine insurance.