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 (EBD) and increases in death […]
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 — if, instead, your debt […]
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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 has sat vacant for nearly […]
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 company. “I think when you […]
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. GK Insurance has come to […]
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 insource the function will leverage […]
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. But it also means that […]
