106 responses to “The Business Blog – Sagicor Votes to Redomicile”

1. 

   millertheanunnaki

   June 10, 2016 at 6:50 pm

   
   

   @ Pachamama June 10, 2016 at 6:10 PM
   “Unlike him and most Bajans, some people are not afraid of death. And he was made to understand that.”

   Scared as ass, they are! Just shout “duppy” and you would see a stampede in motion.

   Any person who resorts to such cowardly behaviour is not only a wimp and coward but is also breaking the ‘legal’ terms and conditions of carrying a licensed firearm.

   The use of such weapon is recourse of last resort not the silly reaction of an obvious novice and downright child for an idiot. He should be relieved of such privilege and charged for threatening and intimidating behaviour with the intent to cause grievous bodily harm.

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2. 

   Crusoe

   June 10, 2016 at 7:47 pm

   
   

   This thread is quite enlightening, things are worse than even I thought. How sad. Ah well….

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3. 

   Pachamama

   June 11, 2016 at 7:08 am

   
   

   @Miller

   What else should we expect from a man who would find an all White cricket team, Windward we seem to remember, to play cricket for. As an up-and-down fast bowler, the black work horse. Of all the hundreds of cricket clubs in Barbados, it had to be Windward.

   A man, not unlike Ralph Taylor, who owns his ascendancy to Douglas Lynch. There was never no real talent, just a liking by a power broker. And Miller will have a similar fate as Taylor.

   Although he happens to share part of your monitor, unlike you, he the essence of what this culture creates. A man who has no innate courage, no innate creativity, no innate compassion, no innate responsibility for the whole country, nothing of deep substance.

   And those house niggas who believe that separating the innate from what they like to call business decision making they should try to understand why many of the really successful people, and Dodridge Miller is exempted, come to realize they get more, not money or prestige, by giving it all back. It remains the only pathway to enlightenment.

   There will never be a time in the cultural history of Barbados where ill-gotten gains by any of the oligarchs, whether by Cow or Bizzy, will be given back to the people it is taken from. Yuh don’t see how the universal consciousness takes it all from them ala BS&T and so on. Sagicor has entered the same Age of Reckoning.

   And Pachamama has them under divine judgement.

   These are books that will never be reconciled by their puny procedures.

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4. 

   NorthernObserver

   June 13, 2016 at 3:22 pm

   
   

   The Sagicor purchase of Barbados Farms was a brain fart. We should still be glad it didn’t go to the under bidder CLICO? As Clico proved, to invest in solid public entities is encouraged, to play owner of businesses in which they have no operational experience is not. Sagicor has an insurance footprint throughout the Caribbean, now they wish to expand their small US entry position.
   Why Bermuda? Because it is NOT J’ca, T&T or Bim, 2 places with an abominable financial track record, and one teetering on the edge. Insurance types like rock hard stability. Investors like the same.
   BT has only BT to answer to? If BT feels like being patriotic that is BT’s choice. But Sagicor must answer to its shareholders.
   The noise would be greater if instead of trying to grow, Sagicor decided to sell to a foreign firm? Imagine 4000 acres and pension/life insurance of thousands of Bajans owned by some German conglomerate, not to mention their minority ownership in most publicly listed operations.
   Plus you see, many of the bigger Bajan businesses today are PRIVATE. There is no public way for Sagicor to invest in them, other than being a potential financier.

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5. 

   Alvin Cummins

   June 14, 2016 at 11:17 pm

   
   

   David,

   Was (is) Sagicor a good Corporate citizen? Is (was) Sagicor a loyal son? Sagicor bought out Barbados Farms Ltd, How much did they invest in BL&P,before Emera bought it? How much did they invest in BS&T? Why didn’t they enter the bidding war with Massey and Ansa, to get control of BS&T? Why didn’t they buy out Barbados National Bank, instead of letting Republic Bank get it? So many questions, whaT ARE THE ANSWERS?WHY DID THEY Have to float a Bond issue to cover debt? Where was this debt? Is Sagicor in the same position as CLICO was? Is this why they have to cut and run? What was the interest rate of the bond issue/ What is the length of the Bond? Apart from the land which makes no money and is worth so much less because it is not producing…not even good mulch. Where are the other investments that profit the country? Asking. Asking. Seeking answers.

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6. 

   Hal Austin

   September 19, 2017 at 10:45 am

   
   

   Whatever happened to the Sagicor 175 Endowment Plan, offering a 175 per cent of sum assured, over periods of 10, 15, 20 and 25 years? Are we going to let Sagicor get away with this daylight robbery? Where is the insurance regulator?

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