//August

ORVILLE JOHNSON IAJ EXECUTIVE DIRECTOR RECEIVES OD – CONGRATULATIONS

By |2016-08-18T12:23:30+00:00August 18th, 2016|Press Releases|

GOVERNMENT OF JAMAICA 2016 HONORS LIST The Insurance Association of Jamaica extends heartiest congratulations to Mr. Orville Johnson on his recent achievement and appointment of the The Order of Distinction in the Rank of Officer (OD) by His Excellency The Governor General, The Most Honourable Sir Patrick Allen with effect from Independence Day, Saturday August [...]

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Fewer motorcyclists killed in road crashes so far in 2016

By |2016-08-18T11:47:36+00:00August 18th, 2016|news|

There has been a reduction in the number of motorcyclists killed in road crashes since the start of the year when compared to the corresponding period in 2015. Statistics from the Road Safety Unit show that 58 motorcyclists died compared to 72 last year. Kanute Hare, Director of the unit, is linking the decline to [...]

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Key Insurance records operating loss of J$19 million

By |2016-08-18T11:41:47+00:00August 18th, 2016|news|

Key Insurance says an unusual spike in claims during the first six months of  its financial year resulted in its racking up losses.    The insurance company suffered an operating loss of  J$19 million and claims amounted to an unprecedented $142 million.    Key Insurance in notes attached to its financial results, explained that it [...]

Usain Bolt’s win shuts down JFK terminal, celebration mistaken for gun shots

By |2018-08-17T06:55:16+00:00August 18th, 2016|news|

Jamaica Gleaner) – John F. Kennedy International Airport’s Terminal eight was evacuated on Sunday night after reports of shots being fired at the New York airport. Usain Bolt.However, it appears the sounds were from clapping and banging by passengers who were watching Usain Bolt run in the 100 metres at the Rio Olympics. Authorities say [...]

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Sagicor X Fund increases stake in Sigma portfolio

By |2016-08-18T11:30:59+00:00August 18th, 2016|news|

For the six months ended 30 June 2016, Sagicor X Fund’s performance was $404 million or 56 per cent higher when compared with Q2 2015 – an improvement attributed to higher net profit from the Group’s hotels and gains from units in the Sigma real estate portfolio. The Fund reported consolidated net profit of $1.12 [...]

Jamaica wins gold with global debt swap deal

By |2018-08-17T06:55:16+00:00August 18th, 2016|news|

In a Bloomberg article by Paula Sambo and Ezra Fieser that appeared on Wednesday afternoon entitled “Jamaica Selling Global Dollar Bonds as It Focuses on Growth”, Sean Newman, a Jamaican money manager at Atlanta-based Invesco, advised that the government was looking to take advantage of low global interest rates, adding, “We believe the sovereign is [...]

Government launches Eurobond tender offer to buy US$1.144 billion of existing bonds

By |2016-08-18T10:57:57+00:00August 18th, 2016|news|

Wednesday, August 10, 2016 Yesterday morning, the Government of Jamaica announced a tender offer for its 2017 and 2019 Eurobonds, meaning that it would purchase its already existing outstanding bonds for cash. Specifically, the first offer is for the 2017 Eurobond maturing on June 20th, with outstanding principal of US $400,071,000, at a price of [...]

Maiden shipment of natural gas arrives

By |2016-08-18T10:53:13+00:00August 18th, 2016|news|

The first shipment of Natural Gas arrived on Friday, August 5 in Jamaica, marking a significant milestone in the move to diversify Jamaica’s energy sources. Jamaica has received its first shipment of natural gas aboard the Golar Arctic through a partnership agreement between the Jamaica Public Service (JPS) and New Fortress Energy. The shipment arrived [...]

Irish company offers loan brokerage services to small companies in need of funding

By |2016-08-18T10:48:19+00:00August 18th, 2016|news|

Dublin-based FundSME.ie has opened an office in Kingston, Jamaica, where it has connected with Digicel Business, an arm of international telecoms firm Digicel, to source loans for small businesses. Elon Parkinson, head of public relations for Digicel Jamaica explained on Wednesday that the association was one based on sponsorship of an upcoming SME conference to [...]

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