Insurance business holds firm as pandemic breaks 20-year growth streak It’s been a decade since the Jamaica operation for Sagicor last saw net earnings this low, within the $4-billion range, but the rout is unlikely to be repeated this year; the group having already stripped itself of the hotel holdings
The Jamaica Chamber of Commerce (JCC) yesterday applauded a number of measures in the 2021-22 budget announced by Finance Minister Dr Nigel Clarke last week Tuesday, but urged the Government to adopt bolder initiatives to generate economic activity and increase gross domestic product (GDP). Describing Clarke's presentation as a “comprehensive
Guardian Life Fisheries and Agricultural Multi-Advantage (FAMA) Plan is now a reality, thanks to a collaboration between Guardian Life Limited and the Ministry of Agriculture and Fisheries. Here, representatives of both entities review the proposal which will see the island's over 200,000 registered farmers and 26,000 fisherfolk accessing benefits such
All great relationships begin with trust and understanding. This applies in both personal and professional situations. Choosing a financial advisor for investment guidance should also adhere to this principle. The investor/advisor relationship should be one where the investor trusts the expertise and integrity of the advisor and the advisor should
Aiming for a better market reflection of the value of the company, Guardian Holding Limited, GHL, plans to cross-list its stock in Kingston after a seven-year hiatus. The Trinidad & Tobago-based insurance conglomerate previously traded on the Jamaica Stock Exchange, JSE, as a cross-listed stock for 13 years, before
On Friday, 15 January 2021, the Statistical Institute of Jamaica (STATIN) published its bulletin for the Consumer Price Index for December 2020. In this report, it was noted that, for calendar year 2020, the inflation rate was 6.4 per cent. The same release by STATIN also noted that the point-to-point
Retired central banker Livingstone Morrison has joined financial payment provider, WiPay Jamaica, as chairman of the board, effective March 5. WiPay Jamaica, a subsidiary of WiPay Caribbean Holding, serves as a platform to send and receive payment... http://jamaicagleaner.com/article/business/20210310/former-central-banker-joins-fintech-board-chairman
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
