June 09, 2021 General Accident Insurance Company Limited (GENAC), for the year ended December 31, 2020 reported gross premium written of $12.04 billion, 12% higher than the $10.73 billion reported for 2019. Reinsurance ceded rose 11% to close at $9.07 billion relative to $8.15 billion booked in 2019. Excess of loss reinsurance trended up by
February 16, 2021 SSL Venture Capital Jamaica Limited (SSLVC), for the six months ended December 31, 2020, reported revenues of $19.32 million versus $95.30 million reported in the prior year’s corresponding period. While for the quarter, SSLVC reported $1.07 million (2019: $44.28 million) in revenue. SSLVC stated that, “The lingering effects of the COVID-19 pandemic,
February 16, 2021 Eppley Limited for the year ended December 31, 2020 reported interest income of $332.91 million a 5% or $17.31 million decline when compared $350.22 million recorded for the corresponding period in 2019. Total interest income for the quarter amounted to $85.24 million a 16% decrease when compared to the $101.37 million recorded
February 16, 2021 For the first quarter ended December 31, 2020, Barita Investments Limited (BIL) net interest income rose by 76% amounting to $367.38 million relative to $208.62 million for the comparable quarter in 2019. “This increase was driven focused deployment of our enhanced capital position in our fixed income and credit porfolios, even as
February 16, 2021 138SL’s Revenue decreased by 44% to $255.56 million relative to the $455.24 million recorded for the corresponding period last year. Management noted that, “The difference in revenue quarter over quarter is due to the Irvine Hall variation claim.” Other operating income for the period under review rose by 136% to $20.53 million
April 1, 2021 Key Insurance Company Limited (KEY) for the year ended December 31, 2020 reported net premiums written of $942.37 million relative to a negative net premiums written of $340.49 million recorded for the same period in 2019. This performance was due to a 72% decrease in reinsurance ceded which closed the period at
February 16, 2021 In United States dollars (except where it is indicated otherwise): Sygnus Credit Investments Limited, for the six months ended December 31, 2020, reported Interest Income of US$3.60 million 46% increase on the US$2.47 million recorded in 2019. For the quarter, Interest Income rose 42% to US$1.90 million (2019: US$1.35 million). Interest expense
February 16, 2021 Expressed in Barbados dollars Eppley Caribbean Property Fund Limited (CPFV), for the three months ended December 31, 2020 reported net rental income of $936,220 (2019: $843,396), a 11% increase year over year. In addition, share of profit of investments accounted for using the equity method decreased from $544,688 in 2019 to $417,430 for
United States: Yellen Shift on Vast Treasury Cash Pile Poses Problem for Powell “Treasury Secretary Janet Yellen is giving Federal Reserve Chairman Jerome Powell a bit of a headache when it comes to managing the money markets. Already low short-term interest rates are set to sink further, potentially below zero, after the Treasury announced plans
February 15, 2021 Tropical Battery Company Limited (TROPICAL) for the year ended December 31, 2020 recorded revenue in the amount of $450.99 million (2019: $498.24 million), 9% decrease when compared to 2019, “because of supplier shipment delays,” according to Management. Cost of sales amounted to $314.70 million, which represents a 10% decrease in comparison to
