THE Government of Jamaica has forged a multi-billion-dollar partnership with the private sector to ensure that by 2025 the Kingston Metropolitan Area never runs out of water, even during a drought.
The ink has now dried on an agreement for Jamaica-based Delta Capital Group (Delta) to acquire the credit card portfolio of Massy Cards.
This acquisition sees Delta acquiring 100 per cent of a Barbados company which has 30,000 Massy credit cards i
Sagicor Group Jamaica Limited has offloaded its remaining 20.75 per cent stake in Sagicor Real Estate X Fund Limited as it charts a new path in a rising interest rate environment.
The disclosure.
SAGICOR Financial Company Limited's (SFC) net profit attributable to shareholders grew by 278 per cent to US$35.28 million ($5.43 billion) during its second quarter (April to June), as total net r.
The Sagicor Group has again recorded a robust quarter with net income of US$42.6 million (BDS$ 85.2 million) for the period ending June 30, representing a significant increase from the US$9.3 million (BDS$18.6 million) posted for the corresponding period in 2021.In the insurance and financial services firm’s Management Discussion and Analysis of the second quarter performance, it outlined that the group’s performance was fuelled by very strong net premium income from the United States of America segment.The Sagicor Group, established as the Barbados Mutual Life Assurance Society in 1840, comprises Sagicor Life Inc (Barbados and Trinidad and Tobago), Sagicor Jamaica, Sagicor Bank Jamaica Ltd, and Sagicor Life USA.The financial services company operates in 19 countries, but its main markets are Barbados, Jamaica, Trinidad and Tobago, and the United States of America.Sagicor USA has become one of the Sagicor Group’s strongest performers. It currently operates in 45 states in the US