By CHESTER ROBARDS

Business Reporter

crobards@tribunemedia.net

THE NATIONAL Insurance Board's (NIB) balance sheet is continuing to reflect growth due to some $100 million in investment projects and $1.6 billion in reserves, its director said, adding that contribution rate increases over the next two years will ensure it continues to be stable.

Algernon Cargill, speaking at the Bahamas Institute of Chartered Accountants (BICA) seminar, said NIB's new investments are expected to generate higher returns than the Bahamian capital markets and deposit rates can pay, as the "financial services sector" cannot absorb NIB's surplus cash.

Projects

"These projects inc ...

Click here to read more at The Tribune