GraceKennedy Limited and Musson Jamaica, two of Jamaica’s largest conglomerates in control of multiple companies, will initially look to their own networks for business to feed the new life insurance company on which they have teamed up. Insurance is not a new business line for either group, but they mainly
Published:Wednesday | May 8, 2019 | 12:25 AMAvia Collinder/Gleaner Writer The Government yesterday tabled a Green Paper proposing a compulsory national health insurance plan that would offer equal benefits for contributors regardless of income. Financing for the initiative would be sourced from a combination of employee contributions or premiums and
Business powerhouses GraceKennedy (GK) and the Musson Group yesterday announced a partnership that will see the two companies collaborating to enter the group health and life insurance market under the name Canopy Insurance Limited. Canopy is expected to formally launch operations in the second half of 2019, a statement issued
Just over $30 billion will be spent over the next five years to upgrade some of the country’s ageing health facilities. Health and Wellness Minister Dr Christopher Tufton has, however, acknowledged that the capital injection of between $27.2 million and $31.2 million is “critical extraordinary expenditure to play catch-up”. “[It
Health and Wellness Minister, Dr Christopher Tufton, says the government is projecting to spend between US$205.7 and US$236.2 million or J$27.2 and J$31.2 billion over the next five years to fix old and decrepit health infrastructure across the island. According to Tufton, this is the largest commitment by a Government
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: How can I benefit from the new gains in the stock market? – Lois FINANCIAL ADVISER: If you have not yet benefited from the gains in this run of the stock market, you have missed quite a lot. That is not to say that
ST ANDREW, Jamaica — The St Andrew police seized a total of 16 motorcycles in just over a week, as part of efforts to clamp down on motorists in breach of the Road Traffic Act. Officers assigned to the Public Safety and Traffic Enforcement Branch (PSTEB) and the St Andrew
PORT OF SPAIN, Trinidad (CMC) — An earthquake with a magnitude of 3.8 rattled Trinidad during the early hours of Monday, the Seismic Research Centre (SRC) of the St Augustine campus of the University of the West Indies (UWI) has reported. It said that the quake, which occurred at 2:09am
AFTER some 17-months of twist and turns with legislators and minority shareholders, NCB Financial Group has now closed the offer to takeover regional insurance giant, Guardian Holdings Limited (GHL). NCBFG's success in the transaction comes a day earlier than its fourth extension of May 3, 2019 to acquire up to
One of the three licences needed by NCB Financial for the takeover of Guardian Holdings Limited has been granted by Trinidad’s Finance Minister Colm Imbert under the Foreign Investment Act. There were no updates on the other two licences, which are still pending. “The Minister of Finance welcomes this direct
