IronRock Headed for Jr JSE

IronRock Insurance Limited has been successful in its efforts to list on the Junior Market of the Jamaica Stock Exchange before the March 31 deadline for existing tax incentives.

The incentives allow freedom from corporate tax for five years and 50 per cent tax payment for another five years.

Yesterday’s listing ceremony follows IronRock’s success in raising approximately $315-million when its IPO was launched on March 1.

IronRock is now the 26th company and second general insurer to list on the Junior Market.

The Board says it aims to capture at least 3.5-percent of the local market for general insurance within five years or by the end of its financial year in 2020.