09/01/2022

Cost of living crisis sparks emergency measures

The Committee for Employment & Social Security will ask the States to agree an "emergency increase in income support rates" after monitoring the "the rate at which the cost-of-living has been increasing recently".

08/30/2022

AM Best affirms ASR Re’s financial strength rating

The group has a senior management and underwriting team in place that has good experience in the targeted classes of business and operating environment, which AM Best says increases the likelihood of market acceptance and successful execution of its busin

08/26/2022

KBRA downgrades UPCIC’s financial strength rating

Additionally, in recent years, UPCIC has experienced poor operating performance and significant surplus declines driven by catastrophe losses, KBRA said, adding that these have elevated underwriting leverage and reduced risk-based capital metrics.

08/25/2022

Equities up in June quarter

For the June 2022 quarter, three of the five major Jamaica Stock Exchange (JSE) indices recorded increases which ranged from 0.7 per cent to 2.2 per cent.