/IAJ

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.

Latin America, Caribbean register highest exports in six years

By |2019-01-16T11:04:46+00:00January 16th, 2019|Uncategorized|

The Inter-American Development Bank (IDB) says exports from Latin America and the Caribbean, including Jamaica, hit their highest level in six years as a result of a 9.9 per cent increase in 2018, albeit amid growing downside risks in the future. A new IDB report noted that the region exported US$1.08 trillion last year. [...]

Ja exports grew 17.6% in Q1 2018

By |2019-01-16T10:53:46+00:00January 16th, 2019|news|

Exports of Jamaica increased 17.6 per cent year-on-year in the first quarter of 2018, according to an Inter-American Development Bank (IDB) report which said that sales from Latin America and the Caribbean to overseas markets were the highest in six years. The stronger expansion for Jamaica was due to increased exports of raw materials (excluding [...]

New Fortress completes offshore pipeline on $24b LNG power plant for JAMALCO

By |2019-01-16T10:48:01+00:00January 16th, 2019|news|

Construction of the offshore gas pipeline for JAMALCO's $24 billion liquefied natural gas (LNG) power plant has been completed. This was disclosed by managing director Austin Mooney during a tour of JAMALCO’s mines and refinery operations in Halse Hall, Clarendon on Thursday. Mooney, who said the project was on track for the February 2020 completion [...]

Jamaica to take over Venezuela’s 49% stake in Petrojam

By |2019-01-11T14:52:19+00:00January 11th, 2019|news|

The Government of Jamaica has announced that it will take legislative action for ownership of the 49 per cent share in the local oil refinery, PetroJam, held by Venezuelan state-owned oil and natural gas company, PDV Caribe. Speaking at a press conference yesterday Minister of Foreign Affairs and Foreign Trade Senator Kamina Johnson Smith said [...]

World’s oceans are heating up at a quickening pace — study

By |2019-01-11T14:47:48+00:00January 11th, 2019|news|

TAMPA, United States (AFP) — The world's oceans are heating up at an accelerating pace as global warming threatens a diverse range of marine life and a major food supply for the planet, researchers said Thursday. The findings in the US Journal Science, led by the Chinese Academy of Sciences, debunked previous reports that suggested [...]

Global natural disasters wreak US$160bn damage in 2018 — Munich Re

By |2019-01-11T14:33:15+00:00January 11th, 2019|news|

KRAKATOA, Indonesia — This aerial picture taken on December 23, 2018 by Bisnis Indonesia shows the Anak (Child) Krakatoa volcano erupting in the Sunda Straits off the coast of southern Sumatra and the western tip of Java. (Photo: AFP) FRANKFURT, Germany (AFP) — Natural disasters including wildfires, hurricanes and tsunamis inflicted US$160 billion of damage [...]

$52-million target for 21st annual Sigma Corporate Run

By |2019-01-11T14:27:04+00:00January 11th, 2019|news|

From left: Stacey McKenzie, international supermodel and one of the 2019 Sagicor Sigma Corporate Run patrons; Christopher Zacca, president and CEO of Sagicor Group Jamaica; Yohan Blake, World and Olympic champion, who is a second-time Sigma Run patron; Dr R. Danny Williams, chairman, Sagicor Foundation and singer Tessanne Chin at the Sagicor Sigma Corporate Run [...]

Fraser Fontaine & Kong transforms to online

By |2019-01-11T14:22:50+00:00January 11th, 2019|news|

Fraser Fontaine & Kong (FFK) has transformed to FFK 'N ROLL, a complete online process that will offer quick access to status reports about insurance policies to all employed Jamaicans who are FFK clients. This replaces all paper enrolments, resulting in real time status updates on various benefits, making the process less time consuming. The [...]

NCB-managed pension fund snaps up Student Living shares

By |2019-01-11T14:58:06+00:00January 11th, 2019|news|

The John Lee-controlled K Limited continues to sell down its holdings in 138 Student Living (138SL) with roughly $260 million sold to a pension fund managed by NCB Insurance Company, NCBIC, according to market data on the housing developer. "I am not involved in the day-to-day operations at the company," 138SL founder John Lee [...]

Bonds and preference shares for income, safety of principal

By |2019-01-10T12:13:11+00:00January 10th, 2019|news|

Question: I read your column published in The Gleaner yesterday, and I must say that it was quite enlightening as it answered some of the questions that I had regarding investing in stocks. I currently have savings that I would like to invest but would like to protect my capital. I am considering a long-term [...]

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