THE pride in R Danny Williams’ voice is unmistakable as he reflects on the birth of Life of Jamaica (LOJ) 50 years ago.

The process, he reveals, was guided by a zeal to create a truly Jamaican financial sector.

“In 1970 when Life of Jamaica started, we had a very, very small financial industry. We had about 17 foreign companies operating here in the banking and insurance sectors, and apart from Citizens Bank, which had been formed in 1968, we had a completely foreign-owned financial sector. All the profits made in Jamaica were shipped abroad,” Williams recalled in a virtual Jamaica Observer Press Club interview last week, ahead of yesterday’s start of celebrations marking the 50th anniversary of the group now known as Sagicor.

http://www.jamaicaobserver.com/news/the-company-that-changed-an-industry-danny-williams-reflects-on-the-birth-and-growth-of-loj-now-sagicor_195322