Federal Capital Group, the parent company of insurance brokers Marathon Insurance Brokers, has tapped Levar Smith to take over the day-to-day running of the organisation, effective January 2, 2027.

Smith has been acting in the role so far after the retirement of Richard Burgher and will be fully appointed in just over two years to oversee the group’s operations in Jamaica and across the Caribbean.

Smith has been with Marathon Insurance Brokers for the last 18 years, holding various positions which now culminates in him being the current president and CEO of the broker. His vision and leadership have been pivotal to Marathon’s continued success, earning him a stellar reputation in the industry.

The appointment of a new general manager for Marathon Insurance Brokers is scheduled for October 1, 2026, in order to ensure a seamless three-month transition period of executive leadership. Smith will continue to lead the organisation during the period of transition, even as he prepares to assume his expanded responsibilities within the group.

“We are confident that under Mr Smith’s leadership, Federal Capital Group will continue to thrive and strengthen its presence across the region,” said the chairman of the board Richard Burgher. “His experience, dedication, and proven leadership skills will be critical in guiding our continued growth and success.”

Please join us in congratulating Levar Smith on his well-deserved appointment and in supporting him as he takes on this new challenge.

Federal Capital Group is a diversified financial services conglomerate with operations across Jamaica and the Caribbean. The group’s core businesses include insurance, insurance premium financing, and financial advisory services, with a strong commitment to delivering innovative and client-focused solutions.