Just nine months in, General Accident Insurance Company Jamaica Limited’s earnings have already surged past the full-year results for all of 2024, performance that positioned the insurer for a strong year end close;…
Category: Business & Economy
Genac aiming to become regional powerhouse as Beacon joins group
General Accident Insurance Company Jamaica Limited is expanding through the addition of a new subsidiary, Trinidad-based Beacon Insurance Company Limited, which will create one of the largest regional insurance platforms in the English-speaking…
Gemini AI to transform Google Maps into a more conversational experience
Google Maps is heading in a new direction with artificial intelligence sitting in the passenger’s seat. Fuelled by Google’s Gemini AI technology, the world’s most popular navigation app will become a more conversational…
Jamaica’s insured losses from Melissa could reach US$4b, analytics firm says
Verisk Analytics, a global data analytics firm, estimates that insured property losses from Hurricane Melissa in Jamaica could range between US$2.2 billion and US$4.2 billion, but these figures await corroboration from local insurance…
SBAJ wants help from both government and big business post-Melissa
In the wake of Hurricane Melissa, the Small Business Association of Jamaica, SBAJ, is urging the Jamaican government and big businesses to review policies to help micro, small and medium-sized enterprises get back…
Big consumer brands deal to put Tylenol, Kleenex, Band-Aid under one roof
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about US$48.7 billion, creating a massive consumer health goods company. Shareholders of Kimberly-Clark will own about 54 per cent of…
Air fares spike due to Hurricane Melissa
Airfare from Jamaica to some top destinations in the United States has spiked temporarily, as travellers scramble to rebook cancelled trips in the aftermath of Hurricane Melissa, according to data from flight aggregators…
Widespread devastation for agri-sector
Egg farmers may have sustained greater losses during Hurricane Melissa than during Hurricane Beryl in July last year, according to anecdotal reports reaching the Financial Gleaner. However, the status of the wider poultry…
Melissa cuts path of destruction but big business still standing
Businesses and financial markets were slowly ramping up operations on Thursday even as damage assessments continued in the wake of Hurricane Melissa, which hit Jamaica with Category 5 strength, leaving lives upended and…
CEAC to triple its burn capacity for industrial waste
CEAC Outsourcing Company Limited plans more than triple the capacity of its waste-burning furnace in St Catherine to meet rising demand for medical and industrial waste disposal. The company is in the process…