Home Tag "General Accident Insurance Company (Jamaica) Limited"

General Accident Insurance Company Acquires 55% Stake In Trinidadian Motor Insurer, Motor One Insurance Company Limited.

General Accident Insurance Company Jamaica Limited has announced the acquisition of a 55% stake in Motor One Insurance Company Limited, a Trinidadian motor insurer. The acquisition took place in the latter part of September 2019, In making the announcement, which formed part of the company’s unaudited financial statements for the nine months ended 30 September […]

Scotia Group Reporting Net Income Of JA$13B For 2019, An Increase Of JA$419M Or 3.28% Over 2019

Motor One Insurance Company Acquisition Important First Step In Wider Regional Growth Strategy For General Accident Insurance Company

General Accident Insurance Company Jamaica Limited, which is listed on the Junior Market of the Jamaica Stock Exchange, has acquired a majority stake in Trinidad and Tobago based Motor One Insurance Company Limited. The announcement was made this week by General Accident Insurance Company via a notice published on the website of the Jamaica Stock […]

Business Owners Who Have Paid Minimum Business Tax Entitled To Refund, Expected Revenue Loss For Government Is JA$1.093B.

General Accident Insurance Company Reporting A 41% Increase In Booked Gross Written Premium to JA$6.56 Billion

General Accident Insurance Company Jamaica Limited (“General Accident”) is reporting for the six months ended 30th June 2019 profit before tax of $163.56 million compared to prior year of $114.53 million. Managing Director Sharon Donaldson commenting on the results indicated that for the period, General Accident’s underwriting performance improved over 2018, as they booked gross […]

Scotia Group Reporting Net Income Of JA$13B For 2019, An Increase Of JA$419M Or 3.28% Over 2019

General Accident Insurance Posts Lower Q1 Underwriting Loss Of JA$7.3M

Sharon Donaldson Managing Director for General Accident Insurance Company (Jamaica) Limited is reporting that underwriting performance improved over the prior year, with premium income growing by 12% to JA$2.21 billion in 2018. Reporting to Stockholders for the quarter ended 31 March 2018, she indicated that the Company’s net earned premiums also grew by $60.6 million […]

Scotia Group Reporting Net Income Of JA$13B For 2019, An Increase Of JA$419M Or 3.28% Over 2019

General Accident Insurance Reporting Disappointing 2017, Making First Underwriting Loss In 9 Years

Paul B. Scott Chairman of General Accident Insurance Company is reporting that the company had a disappointing year in 2017, making its first underwriting loss in recent years and producing their lowest returns on shareholders’ equity as a public company, delivering a profit before tax of JA$236 million, 42% lower than in 2016. Commenting on […]

Scotia Group Reporting Net Income Of JA$13B For 2019, An Increase Of JA$419M Or 3.28% Over 2019

Directors Of General Accident Insurance Company Disappointed With December 2017-Year End Underwriting Loss

The Directors of General Accident Insurance Company are disappointed with their December 2017-year end underwriting loss, even as they remain tentatively optimistic that their underwriting performance this year will improve given projected business mix, tightened underwriting process and indication that rates are beginning to trend up. Reporting to Stockholders in their unaudited financial statements, Managing […]

Scotia Group Reporting Net Income Of JA$13B For 2019, An Increase Of JA$419M Or 3.28% Over 2019

General Accident Insurance Last Quarter Paints A Picture Of Below Par Performance – Donaldson

The just published unaudited financial statements for General Accident Insurance Company (Jamaica) Limited for the quarter ended 30 June 2017, paints a picture of below low par performance, as the company suffered an underwriting loss, for the first 6 months, of JA$68 million dollars. Sharon Donaldson, Managing Director of General Accident Insurance indicated to shareholders […]

Scotia Group Reporting Net Income Of JA$13B For 2019, An Increase Of JA$419M Or 3.28% Over 2019

Underlying Profitability Of General Accident Will Continue, Despite The Ongoing Fierce Competition In The Market, As We Continue To Look For Growth Opportunities – Donaldson

Sharon Donaldson Managing Director of General Accident Insurance Company is expecting the underlying profitability of the company to continue, despite the ongoing fierce competition in the market, as they continue to look for growth opportunities. Addressing shareholders in her report for 2016, she expressed confidence in their well-positioned and diversified investment portfolio to provide a […]

Scotia Group Reporting Net Income Of JA$13B For 2019, An Increase Of JA$419M Or 3.28% Over 2019

General Accident Insurance Company Citing A Less Than Favorable Start To 2017 – Donaldson

Sharon Donaldson, Managing Director of General Accident Insurance Company (Jamaica) Limited is citing a less than favorable start to 2017 in its Underwriting business, this despite growing gross written premiums by 23% to $1.97 billion in 2017.  The Company’s net earned premiums grew by $51.6 million or 20% to $304.1 million Reporting in the company’s […]

Scotia Group Reporting Net Income Of JA$13B For 2019, An Increase Of JA$419M Or 3.28% Over 2019