GraceKennedy Limited has struck a deal with Scotia Insurance Caribbean Limited for the full takeover of Scotia Insurance Eastern Caribbean Limited, SIECL, subject to regulatory approvals. The cost of the transaction and its financing were not disclosed, but GraceKennedy has a $23-billion pile of cash from which to fund acquisitions
GRACEKENNEDY has reached an agreement with Scotia Insurance Caribbean Limited to acquire 100 per cent of the shares of Scotia Insurance Eastern Caribbean Limited (SIECL), with the associated transaction being subject to regulatory approvals and other customary closing conditions. SIECL is a licensed life insurance company operating in seven countries
The inclusive insurance sector has experienced persistent growth in client outreach and premium volumes over the past ten years. New technologies are boosting market coverage. Nonetheless, many people living at the bottom of the pyramid are still without cover or alternative risk management options. Climate change will make the
Chief digital and marketing officer of NCB Group Nadeen Matthews Blair has challenged businesses to leverage the technologies implemented in their digital transformations to create a positive change in their business models and enhance customer experience. “Going digital is not just about technology, it's a way of being that's critical
In an effort to improve Jamaica's small and medium-sized enterprises (SMEs) prospects, Digicel has launched a package of measures to boost business recovery and help them take full advantage of fresh opportunities in e-commerce. Up to the start of this month, Digicel Business had invested over US$18 million in network
Following GraceKennedy's March 2020 acquisition of a 65 per cent stake in Key Insurance Limited, the entity now boasts an underwriting profit of $34.2 million and a profit before tax figure of $88.5 million for its fourth quarter ending December 31, 2020. This is a360-degree turn from the prior quarter
Jamaica is facing a lost decade of economic growth, unless its recovery surpasses three per cent expansion annually, Professor Densil Williams has warned. The pro-vice-chancellor of the University of the West Indies, Mona, says the Jamaican... https://jamaica-gleaner.com/article/business/20210312/ja-facing-lost-decade-without-robust-recovery
A new report published by the Statistical Institute of Jamaica has revealed that just under half of Jamaicans do not feel safe at ATM locations on the streets. According to data captured in the National Crime Victimisation Survey 2019, only 56.3... https://jamaica-gleaner.com/article/news/20210312/streetside-atms-unsafe-nearly-half-jamaicans-feel
IDB commits US$75 million to boost Jamaica’s COVID-19 response Published:Friday | March 12, 2021 | 9:37 AM Inter-American Development Bank (IDB) Country Representative and Caribbean Department Manager, Therese Turner-Jones. She said that the loan is being provided at a crucial point in Jamaica’s COVID-19 response as the Government embarks on
KINGSTON, Jamaica — The Jamaica Stock Exchange (JSE) is reporting an increase in the number of new investors entering the equities market between 2015 and 2019. JSE Group Business Development Manager, André Gooden, said that the figure rose from 3,412 in 2015 to 48,128 in 2019. He pointed out that
