Home Tag "Sharon Donaldson"

Stanley Motta’s Set To Be First Listed Company In Jamaica’s History With Female-Dominated Board

Stanley Motta Ltd, a company effectively owned and controlled by the Musson Group and Harbour Street Properties Ltd, is seeking to raise just over $4 billion Jamaican dollars via an initial public offering of some 758 million ordinary shares. Encouraged by the uptick in Business Process Outsourcing demand for space, Stanley Motta is opening their […]

Caribbean Producers Crediting Extraordinary Information Technology Failure Disrupting Business In QI Impacting Profits.

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 […]

Caribbean Producers Crediting Extraordinary Information Technology Failure Disrupting Business In QI Impacting Profits.

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 […]

Caribbean Producers Crediting Extraordinary Information Technology Failure Disrupting Business In QI Impacting Profits.

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 […]

Caribbean Producers Crediting Extraordinary Information Technology Failure Disrupting Business In QI Impacting Profits.

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 […]

Caribbean Producers Crediting Extraordinary Information Technology Failure Disrupting Business In QI Impacting Profits.

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 […]

Caribbean Producers Crediting Extraordinary Information Technology Failure Disrupting Business In QI Impacting Profits.

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 […]

Caribbean Producers Crediting Extraordinary Information Technology Failure Disrupting Business In QI Impacting Profits.