RoyalFidelity Capital Markets yesterday said it currently had a 'Sell' recommendation on FamGuard Corporation's stock, expressing concern over the build up in premium receivables and relatively low 12 per cent loss provisioning for delinquent mortgage loans.

In its research report, the Bahamas-based investment bank said the $2.4 million, or 1 per cent asset growth to $212 million, which the life and health insurance holding company experienced during the 2011 first quarter was primarily due to rising premium receivables.

This sum relates to premiums due to it from policyholders, and the $2.9 million increase experienced during the first...

By NEIL HARTNELL

Tribune Business Editor

Click here to read more at The Tribune