April 5, 2023 GraceKennedy Limited (GK) has advised that its acquisition of Scotia Insurance Caribbean Limited has been completed and that the company is to be rebranded as GK Life. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer
April 5, 2023 United States: Fed’s Mester Says Rates Should Rise Above 5%, Stay for Some Time Federal Reserve Bank of Cleveland President Loretta Mester said policymakers should move their benchmark rate above 5% this year and hold it at restrictive levels for some time to quell inflation, with the exact level depending on
April 4, 2023 FosRich Company Limited (FOSRICH) has advised that two (2) Directors purchased a total of 13,958,200 FOSRICH shares on March 30, 2023. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the
April 4, 2023 JMMB Group Limited (JMMBGL) has advised that a connected party sold 2,000,000 JMMBGL shares and another connected party purchased 2,000,000 JMMBGL shares on March 31, 2023. JMMBGL has also advised that Mr. Peter Thompson has been promoted to the role of Group Chief Client Investment Officer effective April 1, 2023.
April 4, 2023 Pulse Investments Limited (PULS) has advised that the following is the Company’s dividend policy: The company is committed to providing an annual return to shareholders in the form of a dividend payment. Dividend paid will be in an amount that reflects the performance of the company in any given year, as
April 4, 2023 United States: Jamie Dimon Warns US Banking Crisis Will Be Felt for Years Silicon Valley Bank’s blunders were encouraged by US regulation, went untested by the Federal Reserve and were “hiding in plain sight” until Wall Street and depositors grew alarmed. That’s JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon’s
April 3, 2023 General Accident Insurance Company Limited (GENAC), for the year ended December 31, 2022 reported gross premium written of $15.11 billion, 8% higher than the $13.96 billion reported for 2021. Reinsurance ceded also rose by 8% to close at $11.33 billion relative to $10.49 billion booked in 2021. Excess of loss reinsurance trended
April 3, 2023 IronRock Insurance Company Limited (ROC), for the year ended December 31, 2022 posted gross written premiums of $1.10 billion (2021: $881.21 million) representing a 25% increase. For the quarter, gross written premium amounted to $344.60 million (2021: $260.67 million), a 32% increase year over year. Gross insurance premiums revenue amounted to
April 3, 2023 Net interest income increased 37% to $137.97 million (2021: $100.94 million). For the quarter, net interest income increased 39% to $26.04 million (2021: $18.77 million). Asset management income increased 29% to $283.34 million (2021: $219.11 million). For the quarter, asset management income increased 94% to $80.14 million (2021: $41.37 million). Other operating
April 3, 2023 PanJam Investment Limited (PJAM) has advised that a Director exercised his stock options for 400,193 PJAM shares on March 31, 2023. PJAM has further advised that a connected party sold 400,193 PJAM shares on March 31, 2023. PJAM has also advised of the successful completion of the amalgamation process with Jamaica
