In 2007, Jamaica National Group acquired Pelican Finance Limited from NEM Insurance Company (Ja) Limited, now rebranded JN General Insurance Company. In a move to fully integrate the company into the JN Group, Pelican Finance became JN Finance Limited in February 2008. With this name change came a thrust to strengthen the entity with market repositioning and by widening its customer network. In 2012, JN Finance Limited became a division of JN Bank and continues to be offer preferred insurance premium financing services in Jamaica, supporting the objective that each motor vehicle and home should be insured. Therefore, it is primarily involved in providing insurance premium financing loans for general insurance needs.
JN Finance is steadily commanding its share of the market. During the past financial year, the division maintained its strategy of high quality customer service, aggressive cost containment and close receivables management. JN Finance Division is appreciative of the efforts of its small, but dedicated team and the insurance brokerage community, whose contributions proved invaluable to its results.