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Caribbean Business

Business

9 articles
Business

A.M. Best raises grade to A (Excellent) of financial strength of the Cooperativa de Seguros Múltiples

The “mejora” from A- to A reaffirmed the financial strength and the consistent unemployment of the “cooperative”. San Juan – The Cooperativa de Seguros Múltiples of Puerto Rico (CSM) announced Wednesday that the international rating agency A.M. Best raised its rating of financial strength from an A- (Excellent) to A (Excellent), with a stable perspective, […]

Caribbean Business Staff
Víctor M. Gómez III assumes full control of the 77-year-old Gómez Hermanos
Business

Víctor M. Gómez III assumes full control of the 77-year-old Gómez Hermanos

Gómez Hermanos is entering a new phase under full family ownership after Víctor M. Gómez III acquired Paulson Puerto Rico’s entire equity stake in Gómez Hermanos Paulson, the companies have announced. The deal gives Gómez full ownership of the automotive organization and formally ends a strategic partnership that helped expand and strengthen the business over […]

Caribbean Business Staff
coffee bean lot
Business

Puerto Rico’s 787 Coffee Earns No. 32 Spot in World’s 100 Best Coffee Shops

787 Coffee has earned a major place in the regional specialty coffee spotlight, ranking No. 32 out of more than 4,600 coffee shops across North America, Central America, and the Caribbean in The World’s 100 Best Coffee Shops. According to International Comunicaffe, the achievement goes beyond an industry ranking for the Puerto Rico-born brand. It […]

Caribbean Business Staff
a room filled with lots of shelves filled with boxes and boxes
Business

Abarca, LucyRx Announce Merger

Abarca Health and LucyRx have agreed to combine operations, positioning the two companies as one of the largest independent pharmacy benefit managers (PBMs) capable of serving both commercial and government clients nationwide. The strategic transaction, announced jointly from San Juan, Puerto Rico, and Bethesda, Maryland, will create a new parent entity—Healthcare Revolution Partners—under which both […]

Caribbean Business Staff
Manufacturers Raise Concerns Over Permitting, Investment Stability Amid FEI Probe Into Former OGPe Officials
Business

Manufacturers Raise Concerns Over Permitting, Investment Stability Amid FEI Probe Into Former OGPe Officials

The investigation launched by the Office of the Special Independent Prosecutor Panel (FEI) into former Permits Management Office (OGPe) officials has intensified concerns within Puerto Rico’s business community, prompting the island’s most influential industrial trade group to issue an urgent call to shield economic development from political disputes. Amid escalating public disagreements among senior government […]

Eva Llorens