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.

GK General introduces cyber insurance product as threats grow

By |2019-06-14T13:04:14+00:00June 14th, 2019|news|

GK General Insurance, GKI, has partnered with London-based company Tokio Marine Kiln and global reinsurance advisers Willis Tower Watson to bring a cyber insurance product to market. The product, called Cyber Control, which becomes available on July 1, allows for the coverage of individuals and commercial entities with revenue below US$10 million. Coverage, however, is [...]

Gov’t taking action to mitigate climate change impacts, says Johnson Smith

By |2019-06-14T12:29:18+00:00June 14th, 2019|news|

KINGSTON, Jamaica —Foreign Affairs and Foreign Trade Minister, Kamina Johnson Smith, says the Government is taking steps to reduce and manage the effects of climate change across all sectors through national and international partnerships. Johnson Smith was addressing the LASCO REAP awards ceremony held recently at The Jamaica Pegasus in New Kingston. She said that [...]

App for motor vehicle registration,fitness payments coming

By |2019-06-14T06:02:00+00:00June 14th, 2019|news|

Jamaican motorists may soon have the ability to pay their motor vehicle registration and fitness fees online using a software application. Minister of Science, Energy and Technology, Fayval Williams, says this is among a number of apps that will be developed this financial year as the Government continues to leverage information and communications technology (ICT) [...]

Richard Byles selected as new BOJ Governor

By |2019-06-14T05:58:37+00:00June 14th, 2019|news|

Well-known businessman Richard Byles has been selected as the next Governor of the Bank of Jamaica (BOJ). The announcement was made this morning in a statement by Minister of Finance and the Public Service, Dr Nigel Clarke. “In January of this year, I appointed a Search Committee chaired by Mr David Marston to lead an [...]

Sagior shareholders approve proposed acquisition of Alignvest

By |2019-06-14T05:51:41+00:00June 14th, 2019|news|

Sagicor Financial Corporation shareholders have given approval for the proposed acquisition of  the entity by Canadian firm Alignvest Acquisition Corporation. A report in Trinidad's Express newspaper says the shareholders gave the nod at a Scheme of  Arrangement meeting on June 4. Of  the shareholders casting their votes in person or by proxy, 94.2 per cent [...]

Sterling Asset management outlines lower-risk alternatives to stock exhange

By |2019-06-14T05:48:44+00:00June 14th, 2019|news|

Sterling Asset Management, through its vice-president for fixed and foreign exchange Eugene Stanley, strongly believes that local investors are taking more risks to try and get higher returns — especially after the world-leading performance of the Jamaica Stock Exchange. Speaking at a recent investor's forum put on by the company, Stanley highlighted that yields on [...]

Inflation is the heartbeat of the economy — BOJ chief economist

By |2019-06-14T05:45:34+00:00June 14th, 2019|news|

COURTNEY Allen, chief economist at the Bank of Jamaica (BOJ), is strongly purporting that inflation is to be viewed as the “heartbeat of the economy”. Allen gave his views at the first of two BOJ seminars presented under the theme 'Demystifying Inflation' at the bank's auditorium on Thursday (June 6). Allen's heartbeat comment rested on [...]

Lee-Chin defends 5% target, says it’s time to invest in Jamaica

By |2019-06-14T05:42:25+00:00June 14th, 2019|news|

Chairman of the Economic Growth Council, Michael Lee-Chin is calling on all investors at home and abroad to take advantage of the opportunities that exist in the Jamaican economy for investment. He says Jamaica has set itself on a path for growth and that the conditions are ripe for investment. “I would like to say [...]

Jamaica resumes export of mangoes US, first shipment Thursday

By |2019-06-14T05:38:53+00:00June 14th, 2019|news|

Jamaica is to resume the exportation of mangoes to the United States with the first shipment set for Thursday. Ministry of Industry, Commerce, Agriculture and Fisheries will host a brief ceremony to mark the occasion and to observe the shipment process at the Export Complex at the Sangster International Airport in St James. The shipment is being done [...]

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