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Company News

RBC sells EC operations to group of local banks

Johnathan Johannes, Managing Director of 1st National Bank of St. Lucia, said, “We formed the consortium for the express purpose of expanding the scale of the locally owned financial entities in the Eastern Caribbean Currency Union.
Company News

C.G.I. to purchase Sun General; ANSA McAl to purchase Trident Insurance

These announcements follow Sagicor’s purchase of Harmony General Insurance Co. Ltd’s operations in September last year.
Company News

Fortress: 2019 has been good so far

Leading fund manager, Fortress Fund Managers, says that 2019 has been a good year for investors so far, with its equity investments holding steady and bonds showing some gains at the end of its third quarter.
Company News

55 firms get funding from Caribbean Export

The Caribbean Export Development Agency, in cooperation with the European Union, has awarded over Bds $3.5M (€1.5M) under their 2nd Call for Proposals for the Direct Assistance Grant Scheme.
Company News

Roach, Alleyne promoted to tourism agency's senior team

Barbados' tourism agency, Barbados Tourism Marketing Inc. has named Petra Roach to the post of Head, Global Markets. Marsha Alleyne has been named Chief Product Development Officer,
Company News

Sagicor Life to acquire CLICO/BAT assets in T&T

Alignvest Acquisition II Corporation said that its wholly-owned subsidiary Sagicor Financial Corporation Ltd.,will acquire the insurance portfolios of both Colonial Life Insurance Company (Trinidad) Ltd., and British American Insurance Company (Trinidad) Ltd.
Company News

Dine South 2019 off to a good start

In the first few weeks since its launch in late July, over 9,000 Dine South 2019 Passports have been handed out to diners on the south coast.The promotion was launched on July 29th and runs until November 20, 2019.
Company News

Jamaican insurer and Bajan entrepreneur buy 40% of Carilend

Carilend Caribbean Holdings Ltd. has announced that Victoria Mutual Investments Ltd. of Jamaica and Barbadian entrepreneur Kailash Pardasani have acquired separate stakes in the business.