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Barbados Insurance Industry Newswire

  • Published on Sep 18, 2021

    Cedric E. Stephens|Should Jamaica develop a market for captive insurers?

    ADVISORY COLUMN: RISKS & INSURANCE Two months ago, the New York Times reported that global leaders agreed to move ahead with what would be, in the words of the writer, “the most significant overhaul of the international tax system in decades”. Finance …

    Source: The Gleaner - Neutral
  • Published on Sep 18, 2021

    Bermuda company acquires Massy United Insurance

    Bermuda-based Coralisle Group Ltd (CG) has announced the signing of an agreement to acquire 100 per cent interest in Massy United Insurance Ltd (United) of Barbados on September 7, 2021. Transaction costs were not shared. CG said that the transaction, …

    Source: Jamaica Observer - Uncategorized
  • Published on Sep 9, 2021

    Former Barbados insurance official ordered extradited to US

    (Barbados Nation) – Former senior vice president of the Insurance Corporation of Barbados Alex Tasker has been ordered extradited by Chief Magistrate Ian Weekes to stand trial in the United States on money laundering and conspiracy to launder money charges …

    Source: Stabroek News - Neutral
  • Published on Sep 10, 2021

    Massy Holdings exits insurance business

    AS the group continues to rationalise itself from a conglomerate of companies to investment portfolio management, Massy Holdings Limited has announced the sale of its Massy United Insurance Limited (MUI) subsidiary to Bermuda-based Coralisle Group Limited …

    Source: Jamaica Observer - Uncategorized
  • Published on Sep 8, 2021

    Massy sells insurance business for US$90.5m

    (Trinidad Express) – Massy Holdings Ltd announced yesterday that it is selling the group’s 100 per cent interest in Massy United Insurance Ltd to the Coralisle Group for US$90.5 million (TT$606 million). In a regulatory notice, Massy said, at its meeting …

    Source: Stabroek News - Neutral
  • Published on Sep 8, 2021

    CG to acquire Massy United Insurance

    Bermuda-based Coralisle Group (CG), the parent company of CG BritCay, has signed an agreement to acquire 100% of Massy United Insurance of Barbados. The transaction is subject to regulatory approval in the relevant jurisdictions. The acquisition of United …

    Source: Caymanian Compass - Neutral
  • Published on Sep 7, 2021

    Massy Holdings selling its insurance business for US$90.5 million

    Regional company Massy Holdings has announced that it is selling the group's 100 per cent interest in Massy United Insurance Limited to the Coralisle Group for US$90.5 million.   In a regulatory notice, Massy said, at its meeting on August 30, its …

    Source: Radio Jamaica - Neutral
  • Published on Sep 7, 2021

    Massy sells insurance business for US$90.5m

    (Trinidad Express) Massy Holdings Ltd announced yesterday that it is selling the group’s 100 per cent interest in Massy United Insurance Ltd to the Coralisle Group for US$90.5 million (TT$606 million). In a regulatory notice, Massy said, at its meeting on …

    Source: Stabroek News - Neutral
  • Published on Aug 30, 2021

    Barbados Economy “Remains Severely Depressed.”

    A delegation from the International Monetary Fund (IMF) Friday ended a visit to the island, indicating that the Barbados economy “remains severely depressed” as a result of the ongoing global coronavirus (COVID019) pandemic. The IMF delegation, headed by …

    Source: The Caribbean National Weekly - Neutral
  • Published on Aug 24, 2021

    AM Best Affirms Credit Ratings of Massy United Insurance Ltd.

    OLDWICK, N.J., August 24, 2021 (BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Massy United Insurance Ltd. (Massy United) (Barbados). The …

    Source: Tradingcharts.com - Neutral
  • Published on Aug 24, 2021

    Social protection specialist concerned bout lack of unemployment insurance schemes

    Social protection specialist at the International Labour Organisation, Ariel Pino, has lamented that only two countries in the Caribbean have implemented unemployment insurance schemes. Barbados and The Bahamas have instituted a long term unemployment …

    Source: Radio Jamaica - Neutral
  • Published on Aug 15, 2021

    Barbados to Join World Powers at Commonwealth Games

    Barbados Women will represent the region at next year’s Commonwealth Games in Birmingham, when cricket returns to the showpiece for the first time in 24 years. This follows their capture of the 2019 Cricket West Indies T20 Blaze in Guyana, the last …

    Source: Caribbean National Weekly - Neutral
  • Published on Aug 15, 2021

    Barbados to represent West Indies in Birmingham Commonwealth Games

    The Barbados women’s side will participate in next year’s Commonwealth Games as West Indies’ “representative team”, Cricket West Indies (CWI) has announced. The announcement came after the CWI Board of Directors decided to postpone the T20 Blaze and Women’ …

    Source: The Indian Express - Neutral
  • Published on Aug 15, 2021

    Barbados Women to play at Commonwealth Games 2022 as CWI Women’s regional tournaments postponed

    ST JOHN’S, Antigua – Cricket West Indies (CWI) yesterday announced that the Barbados Women’s team will participate at the Commonwealth Games 2022 in Birmingham, England. The event will be held from July 28 to August 8 and women’s cricket tournament will be …

    Source: Stabroek News - Neutral
  • Published on Aug 15, 2021

    Barbados women’s team to represent West Indies at 2022 Commonwealth Games

    The Barbados womens team will participate in the 2022 Commonwealth Games at Birmingham, England as the “representative” side from the West Indies, Cricket West Indies (CWI) has said. The Commonwealth Games will be held from July 28 to August 8 and the …

    Source: CanIndia News - Neutral
  • Published on Aug 2, 2021

    Are travel insurance premiums higher for ‘red’ and ‘amber’ countries?

    The UK traffic light system for foreign travel has no bearing on travel insurance premiums, according to money.co.uk. Due to current Covid-19 travel restrictions, all potential holiday destinations are given a colour rating – red, amber or green. The “ …

    Source: Press and Journal - Neutral
  • Published on Jul 29, 2021

    CCRIF Makes First Parametric Insurance Payouts of the 2021 Atlantic Hurricane Season

    Grand Cayman, Cayman Islands, July 29, 2021 Following Tropical Cyclone Elsa, CCRIF made two payouts to the Government of Barbados under the country’s tropical cyclone and excess rainfall parametric insurance policies, totalling US$2.5 million. CCRIF also …

    Source: The Antigua Observer - Neutral
  • Published on Jul 23, 2021

    2nd CG Insurance ODI Between West Indies And Australia Postponed

    BRIDGETOWN, Barbados — The second CG Insurance ODI between West Indies and Australia has been postponed due to a positive COVID-19 test result from a non-playing member of the West Indies staff. This decision was taken after the toss at Kensington Oval …

    Source: ZIZ - Public Broadcaster
  • Published on Jul 22, 2021

    Header Image Hayden Walsh Jr Replaces Roston Chase For CG Insurance ODIs

    BRIDGETOWN, Barbados – Cricket West Indies (CWI) Selection Panel today announced a change to the squad for the CG Insurance One-Day International Series against Australia. Leg-spinner Hayden Walsh Jr replaced allrounder Roston Chase, who has not recovered …

    Source: ZIZ - Public Broadcaster

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