September 29, 2020 Moody's Investors Service ("Moody's") has affirmed the A1 insurance financial strength (IFS) rating of Everest Reinsurance Company and Everest Re (Bermuda), Ltd., as well as the Baa1 senior debt rating of Everest Reinsurance Holdings, Inc. These entities are wholly owned by Everest Re Group, Ltd. (NYSE: Re, Everest Re). In the same
September 29, 2020 At the Extraordinary General Meeting, Sygnus Credit Investments outlined its purpose for the Additional Public Offering. Management further stated that the objective for release is this year. Firstly, Management commented on the financial performance for the FY2020, total investment income increased 39.8% to US$4.5 million (2019: $3.21 million) but translated in a
September 29, 2020 SSL Venture Capital Jamaica Limited (SSLVC), for the year ended June 30, 2020, reported revenues of $116.76 million versus $332.27 million reported in the prior year’s corresponding period. Cost of sales amounted to $105.12 million (2019: $275.87 million), thus resulting in gross profit of $11.64 million relative to $56.40 million booked last year. Gross
United States: Trump’s Jobs Record Fell Short of Promises Even Before the Virus “Four years later, Trump heads into the November election on track to be the first U.S. leader since World War II to oversee a net loss of jobs during a four-year term. The pandemic upended the nation’s record-long expansion and triggered the
September 28, 2020 Barita Investments Limited (BIL) has advised that, following the closing of its Additional Public Offer, First Citizens Investments Services Limited (“FCIS"), a fully owned subsidiary of First Citizens Bank Limited (“FCB”), now owns 5% of the shareholding of the Company. FCIS is a registered securities broker-dealer in the countries in which it operates, namely,
September 28, 2020 NCB Financial Group Limited (NCBFG) has advised that following its application to the Financial Services Commission (“FSC”) in June 2020, the Company’s wholly owned subsidiary in Jamaica, NCB Insurance Company Limited (“NCBIC”) has received approval that will enable NCBFG to streamline the insurance business currently offered by its subsidiaries, NCBIC and Guardian
September 28, 2020 Jamaican Teas Limited (JAMT) has advised that a Director sold a total of 213,905 JAMT shares during the period September 22 to 24, 2020. 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 date
September 28, 2020 Sagicor Group Jamaica Limited (SJ) has advised that the Company intends to convene a meeting of the Board of Directors on October 12, 2020. 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 date
September 28, 2020 Derrimon Trading Limited (DTL) has advised that at the Annual General Meeting of the Company held on Friday, September 25, 2020 at the Knutsford Court Hotel, the following resolutions were unanimously approved by the shareholders: 1. “THAT the Company, be and is hereby authorised to issue up to 1,800,000,000 ordinary shares by way of
September 28, 2020 Ian Kelly, Group Chief Financial Officer & Divisional Director – Sampars of Derrimon Trading Limited, commented on the financial performance of the business. Revenue moved from $9.30 billion to $12.65 billion in 2019, a 36% increase, mainly driven by the distribution business. Net profit amounted to $302.71 million, a 9% growth when compared
