Most insured property owners in Jamaica and the rest of the Caribbean dodged an insurance rate increase in 2020, thanks to the COVID-19 pandemic, which sparked lockdowns and other business interruptions that forced large reinsurers to hold off implementing higher charges in the Caribbean region. But Sharon Donaldson, managing director

New regulatory guidelines will allow pension funds to double their US dollar-denominated assets by next year, but industry insiders say it may might lead to a reduction in portfolio holdings for some. That’s because some funds already hold more than the proposed limit, due to different regulatory rules that are

Insurance behemoth Sagicor Group Jamaica is celebrating a big third-quarter profit rally which has tempered two previous quarters of sizeable profit declines linked to the COVID-19 economic fallout, which threatens the financial conglomerate’s 20-year unbroken streak of annual profit growth. Core business improvements and lower loan provisioning at its commercial

Finance Minister Dr Nigel Clarke has revealed that 2019 recorded the most new companies being registered in Jamaica. Presenting data from the Companies Office of Jamaica, Clarke indicated that 3,822 companies were registered last year, up from 3,160 in 2018. As at November 11 this year, 3,586 new companies have

As many organisations consider more permanent models of virtual work, we explore what Slack, Microsoft Teams and Facebook are developing to support the new model. Within a matter of days, COVID-19 demolished traditional working patterns across the world: offices were closed, meetings gave way to videoconferences and water cooler moments

KINGSTON, Jamaica - Tourism Minister Edmund Bartlett says a “very strong” communication programme will be rolled out for the Jamaica Cares travel insurance programme, which will be launched soon. The revolutionary initiative is aimed at providing travel protection and emergency services to tourists coming into the island, given the impact

New regulatory guidelines will allow pension funds to double their US dollar-denominated assets by next year, but industry insiders say it may might lead to a reduction in portfolio holdings for some. That’s because some funds already hold more than the proposed limit, due to different regulatory rules that are

Financial analyst Dennis Chung has responded to the central bank's letter to the editor last week in which it explained the rationale for amending the Bank of Jamaica Act (BOJA). Deputy Governor Natalie Haynes, in responding to Chung's column published in the Sunday Observer on October 18, 2020, had explained