Sagicor Investments Jamaica Limited is buying a 60 per cent stake in Advantage General Insurance Company from rival NCB Capital Markets Limited. NCB Capital is also disposing of the rest of the shares it holds in Advantage to two other players. The deal is worth US$50.5 million ($6.59 billion). Resource

Credit Unions worldwide operate on the philosophy of “People Helping People”. In a nutshell, they exist to serve their members through the mobilisation of collective savings and making loans to members. These members have shared interests and a common bond. The bond is usually established through being a member of

Writer's Note - Last week in my first of two articles, I explained what is a divided and how are dividends paid? This week in part two, I explore why are dividends paid and give further details.   WHEN ARE DIVIDENDS PAID? Dividends are paid out on a schedule that

The IAJ welcomes the appointment of Richard Byles as Governor of the Bank of Jamaica. Mr Byles has an outstanding career spanning both Public and Private Sectors. He had an excellent track record as CEO of Sagicor Life leading it to a dominant position in the Life Insurance Industry

The financial and business communities have firmly endorsed the appointment of accomplished corporate leader Richard Byles as the new central bank governor, pointing to his successes in the private sector and leadership of the Economic Programme Oversight Committee (EPOC), which monitored Jamaica's performance under its agreement with the International Monetary

Sagicor Investments Jamaica Limited intends to create a fund seeded with well over $1 billion that will finance infrastructure projects. The fund, which the brokerage plans to list on the Jamaica Stock Exchange, JSE, will invest in both new and established developments while working with partners in the construction and

GK General Insurance, GKI, has partnered with London-based company Tokio Marine Kiln and global reinsurance advisers Willis Tower Watson to bring a cyber insurance product to market. The product, called Cyber Control, which becomes available on July 1, allows for the coverage of individuals and commercial entities with revenue below

KINGSTON, Jamaica —Foreign Affairs and Foreign Trade Minister, Kamina Johnson Smith, says the Government is taking steps to reduce and manage the effects of climate change across all sectors through national and international partnerships. Johnson Smith was addressing the LASCO REAP awards ceremony held recently at The Jamaica Pegasus in

Well-known businessman Richard Byles has been selected as the next Governor of the Bank of Jamaica (BOJ). The announcement was made this morning in a statement by Minister of Finance and the Public Service, Dr Nigel Clarke. “In January of this year, I appointed a Search Committee chaired by Mr