News
Global re-insurers warm to doing business with region as prices pick up
Global re-insurers which provided backing for local insurance companies, appear to be more open to doing business with the region compared with 2022. President of the Insurance Association of Jamaica Sharon Donaldson says the increases experienced in the cost of insurance have brought prices to a level with which these re-insurers are satisfied. “I think…
Read MoreGeneral Accident reports improved results for first six months of 2023
General Accident Insurance Company registered improved results for the first six months of 2023. Managing Director of General Accident Sharon Donaldson reported that, as at June this year, the company’s insurance revenue increased by 36 per cent. She said two main factors influenced the increased profitability. Listen to the audio below for her report. Sharon…
Read MoreGeneral Accident graduating to Main Market
General Accident Insurance Company Jamaica Limited (Genac) will become the fourth company to graduate from the Junior Market to the Main Market of the Jamaica Stock Exchange (JSE) on September 27. Genac listed on the Junior Market on September 30, 2011, after raising $416.63 million and became the 12th listed company on the newly minted…
Read MoreGeneral Accident’s earnings grow
General Accident, which specialises in motor insurance, continues to earn higher profits for its June quarter with hints of higher premiums going forward. “We are anticipating that as the year progresses, the increase in premium will produce an even higher return for our shareholders as we remain focused on executing our key strategic objectives,” said…
Read MoreTarget Exceeded! GenAc Blood Drive Proceeds to Assist with Chain of Hope Surgeries
Now in its third year, the General Accident Insurance Company’s annual blood drive proceeds will facilitate donations to the Chain of Hope Foundation for local open heart surgeries. With initial targets set at 50 units of blood, the 58 Half Way Tree head office of the popular insurance company was transformed as the Blood Drive…
Read MoreGenAc & Chain of Hope Partner to Save Young Lives
Kingston, Jamaica: Children awaiting heart surgery at the Bustamante Hospital for Children will see their chances improve as General Accident Jamaica (GenAc), the National Blood Transfusion Service and Chain of Hope join forces to provide life-saving donations of blood through GenAc’s third annual blood drive. This year’s blood drive, hosted in honour of World Blood…
Read MoreGenAc Takes Joy of Reading to Dunrobin Primary & St Joseph’s Infant Schools
For Read Across Jamaica Day 2023 General Accident Insurance Company joined two schools in showcasing the fun of reading. Staff volunteers visited Dunrobin Primary School and St Joseph’s Infant School. Under the theme “ Reigniting a passion for reading: Read more, read better” a whopping 17 staff members read to over 20 classes. Back by…
Read MoreGeneral Accident Shares an Hour of Code With Drews Avenue Primary Students
General Accident Insurance Jamaica (GenAc) explored the basics of computer programming with Drews Avenue Primary School students through the global Hour of Code initiative on December 10. The Hour of Code is a worldwide movement introducing tens of millions of students worldwide to Computer Science. Having started out as a one-hour coding challenge, the Hour…
Read MoreGenac Sparks Holiday Cheer With Customer Appreciation Day
General Accident Insurance Company (Genac) kicked off the holiday season with an exciting day of activities and giveaways for customers at its customer appreciation day December 9. Customers visiting the general insurer’s Kingston office were met with musical entertainment, a photo booth, discounted insurance premiums and a chance to spin a wheel for other prizes. …
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