Scotia Insurance, a wholly-owned subsidiary of Scotiabank Jamaica, opened for business on June 16, 1998, with the launch of its flagship product, ScotiaMINT.   ScotiaMINT is Jamaica's leading interest-sensitive insurance policy and long-term financial plan that offers tax-advantaged returns.  As of the end of 2006, with a licensed and trained sales force of over 50 agents, Scotia Insurance has a customer base of over customers 66,000 ScotiaMINT policyholders and policyholders' funds of almost $23 billion. 

In addition to ScotiaMINT, Scotia Insurance also issues Creditor Life Insurance on consumer loans. At the end of 2006 the company had over 46,000 Creditor Life policies in force with sums insured of over $7 billion.

Financial Highlights for 2006:

• Total Asset Growth of 21%, moving from $24 billion in 2005 to $29 billion in 2006
• Inforce ScotiaMINT policies grew from 59,349 to 66,266.
• Creditor Life certificates increased by 8.6% from 40,978 to 46,104.
• Combined Gross Premium Income increased by 8% from $4.2 billion to $4.56 billion.
• Several Scotia Insurance agents again qualified for membership in the prestigious Million Dollar Round Table (MDRT) and attended the last annual conference held in San Diego, California.
• Net Profit after Tax increased by 17 percent from $1.09 billion in 2005 to $1.28 billion in 2006.

Scotia Insurance offices are conveniently located at Scotiabank's branches island-wide.  For more information on Scotia Insurance and its products visit www.scotiajamaicainsurance.scotiabank.com or call 1-888 GO SJLIC (467-5542).