Financial conglomerate Sagicor Jamaica has been hit by higher policyholder claims and increases in actuarial reserves in its insurance segment, which have negatively impacted profitability during its second quarter. The higher policyholder claims and increases in actuarial reserves impacted benefits and expenses. Rising medical costs in Sagicor's Employee Benefits Division

If you have been seduced into carrying high levels of debt either due to need or greed, it is never too late to execute a U-turn. While, in many circumstances, borrowed money can be used as capital to start some new, profitable project which will make the interest charged worthwhile

People working in the public sector who refuse to be vaccinated after vaccines are more widely available will have to pick up the tab for their own health care if they become ill with the coronavirus disease. Prime Minister Andrew Holness outlined the policy as he addressed the nation

Companies who fail to adequately protect customers' data could be fined up to four per cent of their revenue in the next two years. That's part of the penalty under the new Data Protection Act, 2020 which awaits promulgation. The Act, which seeks to safeguard the privacy and personal

Jamaica Broilers seems a shoo-in to acquire the Simple Essentials facility in Charles City, Iowa, in the United States. The company operated a chicken plant in Charles City until August of 2019 when it shut the factory down. When Simply Essentials closed, 500 jobs were reportedly lost, and the factory

General Accident Insurance Company is looking to its operations in Trinidad and Barbados to push the company's growth into the future, after admitting it needs to look outside the Jamaican market for growth. PB Scott, chairman of the insurer, said the operations in the two countries are vital to the

Declaring that Digicel is back, CEO of the telecom’s Jamaica operations, Jabbor Kayumov, says the company will be investing US$200 million, or nearly $31 billion, to accelerate the build-out of infrastructure and deployment of new technology over... To access this article in full please login or register today https://jamaica-gleaner.com/article/business/20210723/digicel-ja-pump-30b-digital-deployment

Minister of Agriculture and Fisheries Floyd Green (right) peruses an application form with Jordon Tait, assistant general manager of GK Insurance, at the launch of GK Weather Protect, a crop insurance policy developed specifically for farmers and fishers. The launch was held at the ministry’s Hope Gardens offices on Tuesday.

AS part of its commitment to Caribbean regional development, Digicel Group announced that it has begun an evaluation process of selecting a single Caribbean market in which to base its Finance Shared Service Centre. With Digicel's outsourced financial services function currently operating out of Chennai in India, the decision to

As vaccination rates increase across the world more people are packing their bags and heading to the airports. Already, international airlines are reporting a surge in passengers travelling for leisure. This is a signal that although the novel coronavirus pandemic is still ongoing, things are slowly getting back to normal.