Scotiabank will continue to earn from life insurance

By |2018-12-12T18:14:38+00:00December 12th, 2018|news|

Scotia Group Jamaica Limited will distribute life insurance products on behalf of Sagicor Group Jamaica's insurance arm, for which it will earn fees, once the sale of its life insurance business is concluded. The No. 2 banking group will set up a new insurance sales unit that will offer advisory services to clients in its [...]

NIS deductions to increase April 1, 2019

By |2018-12-12T18:10:12+00:00December 12th, 2018|news|

Finance Minister Dr Nigel Clarke has announced that as of April 1,  2019 employees will start paying more in deductions for the National Insurance Scheme (NIS). Speaking in parliament this afternoon, Clarke said contributions will be increasing from five per cent of individuals’ salaries to five and a half per cent. He said a quarter [...]

More than 200 treated at KPH health fair

By |2018-12-11T05:54:56+00:00December 11th, 2018|Corporate Social Responsibility, news|

More than 200 persons living in downtown Kingston benefited from a health fair at the Kingston Public Hospital (KPH) on December 1. The health fair, which took place at the hospital's Out Patient Department North, was held in collaboration with the Insurance Association of Jamaica (IAJ) and the Jamaica Medical Foundation (JMF). Throughout the day, [...]

Gov’t selling Petrojam?

By |2018-12-11T05:47:15+00:00December 11th, 2018|news|

Highly placed sources last night suggested that the Government is about to put the troubled state-run Petrojam refinery up for sale. Prime Minister Andrew Holness has scheduled a press conference for this morning at which he is likely to make the announcement, the usually impeccable sources said. Ahead of any such announcement, senior government minister [...]

Insurance claims climbing a $billion a year

By |2018-12-11T05:42:54+00:00December 11th, 2018|news|

With motor vehicle claims speeding past $9.4 billion last year, the Insurance Association of Jamaica (IAJ) is partnering with revenue authorities and the police to roll out a database early in the new year, aimed at dragging down insurance fraud. The Insurance Vehicle Information System (IVIS) is one of the major strategies being established by [...]

Grace acquiring 49% stake in US patty company

By |2018-12-11T05:39:08+00:00December 11th, 2018|news|

Grace Foods (USA), Inc. a company owned by GraceKennedy Limited, said it will be acquiring a 49 per cent equity stake in a new joint venture company, Majesty Foods, a Florida-based manufacturer of patty and empanada products. The range of Majesty’s product portfolio is marketed under its own brands ‘Patty King” and “Latin Delights” as [...]

More traffic cameras coming

By |2018-12-10T10:23:30+00:00December 10th, 2018|news|

ROBERT Montague, minister of transport and mining, told the House of Representatives recently that the ministry would be rolling out hundreds of new cameras over the next three to four months, across several towns islandwide. He said areas like May Pen, Mandeville, Montego Bay and Ocho Rios already have the means to monitor traffic electronically. [...]

Return on equities outpacing forex investments again

By |2018-12-09T15:07:18+00:00December 9th, 2018|news|

The returns on local equities more than doubled returns on foreign currency investments during the September quarter, the Bank of Jamaica, BOJ, has reported. Equities delivered 14 per cent return over the quarter compared to six per cent for hard currency bonds, the central bank said in its Quarterly Monetary Policy Report. In the June [...]

Yaneek Page | Image as a driver of new business

By |2018-12-09T15:02:30+00:00December 9th, 2018|news|

QUESTION: I enjoy doing garment construction/fashion designing, but I've always heard that you should dress for success, as in whatever your dreams are, dress for it and it will come to you. However, as a fashion designer I like to make clothing for persons who like to party and are willing to wear eye-opening stuff. [...]

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 [...]

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