/IAJ

About IAJ

The business of the IAJ is managed by a Board of Directors comprising the CEOs of the Life and General Insurance Companies. The Board is made up of four representatives from the life sector and four from the General Insurance sector.

Former actuary sues Guardian Life

By |2018-12-09T14:53:46+00:00December 9th, 2018|news|

Insurance company Guardian Life Limited and its former vice-president and actuary, Catherine Allen, are locked in a legal battle in a claim she filed for wrongful dismissal. The case also involves Guardian's decision to tap $1.25 billion of its reserves that are normally set aside to meet future insurance claims, but Allen suggests may have [...]

Road deaths surge past last year’s total, near 350

By |2018-12-09T14:12:50+00:00December 9th, 2018|news|

The number of persons killed on the nation’s roadways since the start of the year is nearing the 350 mark after surpassing the total for all of last year. A total of 348 persons – 301 males and 47 – female have died in motor vehicle crashes since January 1, statistics from the Road Safety [...]

Betting on women – Mastercard ready to help Jamaican females start new businesses

By |2018-12-09T13:59:56+00:00December 9th, 2018|news|

Amy Neale, vice-president and start-up engagement lead at Mastercard, is encouraging Jamaican women to take the risk and start businesses, especially in the field of technology. And they can count on Mastercard, one of the world's leading global payments and technology companies, to support them. Through its Start Path Programme, Mastercard has already raised US$1.2 [...]

Caricom commission monitoring Scotiabank’s sale of Caribbean assets

By |2018-12-09T00:48:25+00:00December 9th, 2018|news|

Caricom's Competition Commission, which monitors business activity in the Caricom Single Market and Economy (CSME), says it has taken note of the recent announcement by the Bank of Nova Scotia (“Scotiabank”) of its intention to sell banking assets in nine English-and Dutch-speaking countries in the region. In a release issued Wednesday, the commission said that [...]

Senate passes new Road Traffic Act

By |2018-12-09T00:43:47+00:00December 9th, 2018|news|

THE new Road Traffic Act was finally approved by Parliament yesterday, but its implementation is unlikely to be completed prior to next April. The Senate passed the five-year-old Bill, which has survived several reviews since 2014, after a prolonged debate, during which some Opposition members raised several concerns but did not vote against the provisions. [...]

Parliament clears final hurdle to new Road Traffic Act

By |2018-12-09T00:39:06+00:00December 9th, 2018|news|

KINGSTON, Jamaica — Leader of Government Business in the Senate, Kamina Johnson Smith, said today that the framework to be introduced under the provisions of the new Road Traffic Act (RTA) will reduce the opportunity for human error and corruption to interrupt enforcement. “The facilitation of disorder without accountability must change now, and the urgent [...]

Burst of 54 quakes felt in Leeward Islands

By |2018-12-09T00:35:51+00:00December 9th, 2018|news|

PORT OF SPAIN, Trinidad (CMC) – The Trinidad-based Seismic Research Centre (SRC) of the St Augustine campus of the University of the West Indies Saturday said that a burst of 54 earthquakes occurred north of St Kitts during a 21-hour period. The biggest had a magnitude of 4.1. In a brief statement, SRC said that [...]

Alignvest places Sagicor regional heads on three-year contracts

By |2018-12-08T15:28:03+00:00December 8th, 2018|news|

Alignvest Acquisition II Corporation, the Canadian entity seeking to acquire Sagicor Financial Corporation, has negotiated initial three-year contracts with the country heads in Barbados, Jamaica and the United States, with an automatic one-year renewal for successive periods. The base pay of the three executives combined will be US$1.58 million per annum, 45 per cent of [...]

‘Share dinner with a less fortunate child Christmas Day,’ former PM Golding urges

By |2018-12-08T15:21:17+00:00December 8th, 2018|news|

MONTEGO BAY, St James — Former Prime Minister Bruce Golding has made a rallying cry to a group of Montegonians to follow his footsteps and open their doors to at least one child from a children's home for Christmas dinner this year. Speaking at the Montego Bay Mayor's Charity Ball, a black- tie affair, held [...]

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