{"id":239739,"date":"2002-10-21T13:21:05","date_gmt":"2002-10-21T17:21:05","guid":{"rendered":"https:\/\/www.bahamasb2b.com\/news\/?p=239739"},"modified":"2021-02-14T09:00:31","modified_gmt":"2021-02-14T14:00:31","slug":"frank-the-snake-buys-royal-sun-alliance-businesses-in-the-bahamas","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2002\/10\/frank-the-snake-buys-royal-sun-alliance-businesses-in-the-bahamas","title":{"rendered":"Frank &#39;the snake&#39; buys Royal &#038; Sun Alliance businesses in the Bahamas"},"content":{"rendered":"<p>Franklyn Wilson, chairman of Sunshine Insurance, has confirmed that his company and its partners have signed a definitive purchase agreement to acquire Royal &#038; Sun Alliance businesses in the Bahamas, Cayman Islands and Turks and Caicos, for an undisclosed sum.<\/p>\n<p>\nWilson, whose road to success has been riddled with questionable business practices, acquired the business for what market sources described as &quot;a snip&quot;, the purchase price being little more than the company&#39;s net asset value.<\/p>\n<p>\nThe Royal &#038; Sun Alliance deal intensifies the consolidation the Bahamian insurance sector is experiencing currently, with Colina Insurance Company having purchased a majority stake in Global Bahamas and Star Insurance merging with Family Guardian.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wilson and partners buy Insurance business<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[],"class_list":["post-239739","post","type-post","status-publish","format-standard","hentry","category-headlines"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/239739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=239739"}],"version-history":[{"count":1,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/239739\/revisions"}],"predecessor-version":[{"id":241337,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/239739\/revisions\/241337"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=239739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=239739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=239739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}