Published:Wednesday | May 18, 2022 | 12:06 AM The British Caribbean Insurance Company (BCIC) hopes to help the sport of golf in Jamaica move forward, with an injection of much-needed investment and resources. The Jamaica Golf Association (JGA) hosted a fundraising tournament on May 15, geared towards the participation of the island’s junior golfers in […]
May 05, 2022 12:00 am ADVANTAGE General Insurance Company Limited (AGIC) is looking to technology to further optimise its operations and shore up its net profit which fell to a five-year low, with 2021 seeing a decline of 46 per cent to $400.85 million. AGIC’s net profit has been shrinking, with it achieving a high […]
The newly installed president of the Insurance Association of Jamaica, IAJ, is warning that insurance rates could rise due to a reprioritisation of reinsurance funds. Sharon Donaldson, who was recently elected president at the association’s annual meeting, says some reinsurers may shift away from the Jamaican and regional market. Insurance losses not supported by adequate […]
Jamaican banknotes AS the Bank of Jamaica (BOJ) inches closer to realising the full roll-out of its central bank digital currency (CBDC) or Jam-Dex, the bank is clarifying that it is not launching a war on cash. While speaking at the recent Jamaica Observer Business Webinar, deputy governor of banking & currency operations & financial markets at […]
SAGICOR Group Jamaica Limited (SJ) achieved its highest first-quarter (January – March) earnings to date as its net profit attributable to shareholders grew by 31 per cent to $3.82 billion, a figure which exceeded the $2.70 billion recorded in Q1 2019. The diversified financial services conglomerate’s revenue remained flat during the quarter at $23.76 billion […]
Published:Wednesday | May 11, 2022 | 12:10 AM Buoyed by a fourfold growth in profit for the March quarter, NCB Financial Group Limited has a favourable outlook on the periods ahead, despite the global uncertainties sparked by the Russia-Ukraine war. Its optimism rests in part on rising interest rates that are being used as a […]
Hosin leaving Guardian Life for group position, finance chief ascends to presidency Share6 Published:Wednesday | May 11, 2022 | 12:06 AM File Patrick Hylton, chairman of Guardian Holdings Limited and Group CEO of NCB Financial. Amid pending changes at the top of the for Guardian Group’s management team, the insurance conglomerate is revising the back-office […]
Contributed SAY AHH – GOOD JOB! Ziraili Manumohalland, student of Alpha Infant School, anchors himself in the spanking new dental chair at the Alpha Dental Clinic and gives a lion-sized yawning access to dentist Dr Kimberly Freeman (second left) for an oral examination. The occasion was the official handover of the chair donated by Guardian […]
Following its acquisition of 100 per cent of the shares in Alliance Financial Services Limited, ASFL, in March, Sagicor Group Jamaica is also taking over the securities portfolio of Alliance Investment Management Limited, AIML, through subsidiary Sagicor Investments Jamaica Limited. Sagicor Investments and AIML have signed a definitive agreement for the purchase of the dealer […]
Another global recession is looming and appears inevitable, a panel warned on Wednesday during a forum, convened by financial conglomerate Sagicor Group, to brief investors on investment strategies and world geopolitical and economic developments. World macroeconomic conditions, including ballooning inflation, interest rate hikes and other monetary tightening by leading central banks, as well as worsening […]
