Three sisters — Natalia Gobin-Gunter, chairman of the Board of Directors of Key Insurance Company Ltd, Sandra Masterton, managing director, and Kala Abrahams, director – shared a proud moment with their team on Thursday, when the family-operated business founded by their father, the late insurance mogul Sonny Gobin, was officially listed on the Junior Market of the Jamaica Stock Exchange.

At the end of 2015, the net worth of the company, which was incorporated in November 1982, stood at approximately $88 million – a six per cent growth over the previous year’s $829 million, according to a press release.

Key Insurance Company is committed to expanding the business to better serve customers, and to provide a quality product at competitive prices in order to meet the needs of varying budgets, the release said.

Sandra Masterton, keynote speaker at the listing ceremony, expressed the dedication of the siblings to carry on the legacy and commitment established by their father. She said: “The Junior Stock Exchange was created and incentivised to attract new companies to list. It is vital to economic growth and prosperity. I commend Minister Shaw for his decision to maintain the tax-exempt status of the Junior Stock Exchange.”

Wentworth Graham, chief regulatory officer, Regulatory Market Oversight Division (RMOD), said Key’s successful track record of 33 years is testament to the fact that it is not new to compliance and regulations and is poised to satisfy the standards of the Jamaica Stock Exchange.

The IPO Offering which opened and closed almost immediately on Tuesday, March 26, adding 153 new shareholders to the company, was handled by Karl Townsend, chief country officer, JMMB Capital Markets Unit. Townsend said the timely execution of the IPO could not have been done without a number of players including the JSE, and he thanked General Manager Marlene Street-Forrest and her team for their cooperation.