Sharon Donaldson Archives

News JAM | Dec 22, 2021

General Accident receives ‘Good Creditworthiness’ CariCRIS credit ratings

Reading Time: 2 minutesGeneral Accident Insurance Company Jamaica Limited (GENAC) has been assigned initial issuer/corporate credit ratings by Caribbean Information and Credit Rating Services Limited (CariCRIS), effective December 16, 2021. The ratings of jmA- (Foreign Currency Rating) and jmA (Local Currency Rating), on the CariCRIS Jamaica national rating scale, reflect GENAC’s good market position as a long-established player with strong brand equity in Jamaica’s general insurance industry. GENAC is the first standalone general insurance company in Jamaica that has been rated by CariCRIS. These credit ratings are reflected in GENAC’s investment portfolio, which continues to display good returns and good liquidity, despite the…

Business JAM | May 29, 2022

General Accident’s regional digital strategy validated

Reading Time: 2 minutesGeneral Accident Insurance Company Group is reporting that its regional digital strategy has been validated by the strong financial results delivered for the March 2022 quarter.

Life JAM | Jun 9, 2022

Jamaicans urged to be heroes and save lives through General Accident Blood Drive

Reading Time: 2 minutesIn observance of World Blood Donor Day on June 14, General Accident has invited the public to donate during the company’s annual blood drive on June 15 at 58 Half-Way Tree Road in St Andrew. The six-hour blood drive will start at 9:30 am and end at 3:30 pm. General Accident customers and the public are encouraged to make an appointment to join the effort. Appointments can be made by visiting https:calendly.com/genacja or the GenAc social media pages. Participants are encouraged to register ahead of the drive to facilitate a smooth blood drive for everyone involved. “We want you to…

Life | Jun 29, 2022

BCMG Insurance launches inaugural Errol Ziadie scholarship

Reading Time: 4 minutesBCMG Insurance Brokers has established a memorial scholarship in honour of the late insurance industry stalwart, Errol Ziadie. He was a prominent figure in the industry and served in many capacities that advanced the industry over the course of almost three decades. The brokerage hopes to highlight and acknowledge the work of Ziadie, who was also integral in the company’s formation when he assisted with the merger between Billy Craig and Maritime General Insurance Brokers in 2020. Ziadie was also instrumental in the establishment of the College of Insurance and Professional Studies (CIPS), where the scholarship will be tenable. BCMG…

News JAM | Sep 7, 2022

General Accident launches new eco-drive policy for electric vehicle owners

Reading Time: 2 minutesAs part of its long-standing commitment to protecting the natural environment, General Accident Insurance Company has launched a new eco-drive policy for electric and hybrid vehicle owners. With custom duty fees on electric vehicles having seen a further 20 per cent reduction, GeneralAccident Managing Director Sharon Donaldson acknowledged that there are more incentives to use an electric vehicle in Jamaica than ever before. “Electric and hybrid vehicles are known to emit less pollutants into the atmosphere, so, by switching to anelectric or hybrid vehicle, these drivers contribute to reducing air pollution. General Accident’s eco-drive policy slogan ’a greener driver deserves…

Business JAM | Oct 2, 2022

Jamaica to host international conference on inclusive insurance in October

Reading Time: 3 minutesJamaica will be the host to the International Conference on Inclusive Insurance (ICII) scheduled to take place October 24 to October 28 at The Jamaica Pegasus hotel in New Kingston. The hybrid conference is being hosted by the Insurance Association of Jamaica in partnership with the Munich Re Foundation and the Microinsurance Network. It will attract more than 400 international delegates from over 50 countries. Sharon Donaldson, president of the Insurance Association of Jamaica (IAJ), said it is the first time in 20 years that the conference is being held in the Caribbean and Jamaica is extremely proud to be…

Life JAM | Jun 8, 2023

GenAc & Chain of Hope partner to save young lives

Reading Time: 3 minutesGeneral Accident Jamaica (GenAc), the National Blood Transfusion Service, and Chain of Hope are coming together to provide life-saving blood donations for children awaiting heart surgery at the Bustamante Hospital for Children. GenAc’s third annual blood drive, organised in honour of World Blood Donor Day, will take place on Friday (June 16) from 9:00 am to 5:00 pm (registration ends at 4:30 pm) at the GenAc offices located at 58 Half Way Tree Road in Kingston. This year’s event aims to significantly improve the chances of children in need by ensuring an adequate supply of blood for their surgeries. Chain…

Business JAM | Oct 5, 2023

GenAc graduates to JSE Main Market

Reading Time: 2 minutesGeneral Accident Insurance Company Jamaica Limited (GenAc) achieved a historic milestone when it graduated its listed ordinary shares from the junior market to the main market of the Jamaica Stock Exchange (JSE). The accomplishment took place last Friday, September 29, and underscores GenAc’s unwavering commitment to growth. Speaking at the graduation listing ceremony, Dr Marlene Street Forrest, managing director of the JSE, welcomed GenAc to mark the official entry of the insurance provider to the big leagues. Since its initial listing on the JSE Junior Market a decade ago, GenAc has experienced exponential growth, with its gross written premium surging…

Sport & Entertainment JAM | Mar 10, 2024

Sygnus lends support to Sunshine Girls to the tune of J$100,000

Reading Time: 4 minutesSygnus Capital donated J$100,000 to the Sunshine Girls’ ‘Netball House’, in honour of International Women’s Day and the celebration of women in March. The contribution, according to the alternative investments firm, aims to facilitate essential renovations and enhancements to the national team’s Netball House, providing a more conducive environment for team activities. Marva Bernard, former Netball Jamaica president and current chairperson of the Friends of Netball House Committee, shared, “The Netball House has been the hub of activity for Netball Jamaica. At the time, the team was gifted the property, I served as Netball Jamaica president.” Speaking about the history of the…

News JAM | Jul 9, 2024

Insurance companies prepare for claims following Hurricane Beryl

Reading Time: 3 minutesJamaican insurance companies are bracing for losses incurred by their clients following the aftermath of Hurricane Beryl. The Category 4 hurricane, which brushed just south of the island last Wednesday (July 3), caused major damage to roadways and buildings—ultimately claiming the lives of at least two Jamaicans. While many Jamaicans are still doing damage assessments, the Insurance Association of Jamaica (IAJ) says it is cognizant of the severe damage suffered by citizens in several areas, especially in the southwest of the island. Likewise, the loss of power and communications has obstructed roads and impacted many livelihoods. “We stand ready to…

Business JAM | Aug 30, 2024

Insurance Association of Jamaica to host business conference on navigating modern risks

Reading Time: 3 minutesThe Insurance Association of Jamaica (IAJ) is set to host its business conference on September 11-12 at the Jamaica Pegasus Hotel under the theme “Navigating Risks in the 21st Century: Artificial Intelligence, Climate Change, and Fraud.” Sharon Donaldson, president of the Insurance Association of Jamaica, (IAJ) stated “last month Jamaica experienced damage to the agricultural sector and the energy infrastructure by Hurricane Beryl. The peak of the 2024 Atlantic hurricane season is still ahead. Projections continue to forecast an above active season due to warming ocean temperatures caused by climate change. Given the range of threats facing the insurance industry and by extension,…

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