In Review: Puerto Rico banking, insurance sectors had busy year
December 25, 2012
Puerto Rico’s banking sector began seeing black this year, as the institutions began to slowly turn their finances around. A consolidation took place between Oriental and BBVA, while Doral struggled to remain above water.
chat_bubble0 Comment
visibility2768 Views
MAPFRE Puerto Rico appoints president, execs
November 29, 2012
Joaquín Castrillo-Garratón has been named president of MAPFRE Puerto Rico effective in January after being promoted from his current post as executive vice president, said Raúl Costilla, who currently leads the operation.
chat_bubble0 Comment
visibility4704 Views
Op-Ed: Insurance against potential employee lawsuits could save your business
November 27, 2012
Considering the business risks related to managing Puerto Rico’s comprehensive and complex labor regulation, it makes sense for companies to protect their resources with an Employment Practices Liability (EPL) policy.
chat_bubble0 Comment
visibility2953 Views
New president, CFOs named at MCS
November 16, 2012
Looking to reinforce its local leadership, Medical Cards System Inc. CEO Jim O’Drobinak announced the promotions of David Scanavino to president of the MCS Advantage Inc. subsidiary, David P. Schaffer, to CFO of MCS Life Insurance Company and MCS Health Management Options; and José Aponte, to CFO of MCS Advantage Inc.
chat_bubble0 Comment
visibility4916 Views
Suiza Dairy employees enjoy sweeping health options
October 5, 2012
The more than 800 employees working at dairy and juice manufacturer Suiza Dairy Corporation in Puerto Rico, now have at their disposal a tailor-made, comprehensive wellness and health program designed to improve their quality of life, the company announced Thursday.
chat_bubble0 Comment
visibility3583 Views
FirstBank appoints new executive VP
September 26, 2012
Michael McDonald, a veteran local banker, has been appointed executive vice president and director of the business group in charge of the strategic direction and oversight of corporate banking for FirstBank Securities and FirstBank Insurance Agency.
chat_bubble0 Comment
visibility5605 Views
Reliable Auto marks silver anniversary in Puerto Rico
August 7, 2012
Reliable Auto, a financial services institution with $342 million in assets, is marking its 25th anniversary in Puerto Rico, where it has experienced steady growth by adapting to the market.
chat_bubble0 Comment
visibility4543 Views
Triple-S Management reports $17M income for 2Q ’12
August 2, 2012
Triple-S Management Corporation, Puerto Rico’s largest managed care company announced Wednesday consolidated revenue of $623 million and operating income of $24.2 million for the three months ended June 30, 2012.
chat_bubble0 Comment
visibility2970 Views
Co-op mortgage bank locks down $20M portfolio in 10 months
May 28, 2012
As the mortgage banking industry tightens conditions for loan approvals, market newcomer Multi Mortgage has been quietly positioning itself as a go-to option for local consumers, closing on some $20 million in loans less than a year after being established.
chat_bubble0 Comment
visibility2990 Views
Scotiabank launches anti-identity theft program
April 11, 2012
Seeking to expand its product offering in the area of insurance and protection, at a time when identity theft is increasing, Scotiabank de Puerto Rico’s insurance division announced Tuesday the availability of its "Scotia ID Protection" program.
chat_bubble0 Comment
visibility2942 Views
Multinational Life Insurance opens help line for Option Health Care customers
February 20, 2012
Multinational Life Insurance Company CEO Luis Pimentel-Zerbi recently announced that the company will begin to serve Option Health Care policy holders directly, rather than through a third-party administrator.
chat_bubble8 Comments
visibility8314 Views
Triple-S CFO Román steps down July 15
June 22, 2011
Managed care provider Triple-S Management Corporation announced Tuesday the departure of its CFO Juan Jose Román, effective July 15. Román has reportedly accepted a position in the financial services industry, prompting Triple-S to begin searching for his replacement, the company said.
chat_bubble0 Comment
visibility3163 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA