CARICOM Heads signal ‘early relief’ for CLICO and BAICO policyholders

Lolita Applewhaite

Proposals submitted early last year by a committee under the chairmanship of the President of the Caribbean Develop-ment Bank will shortly be considered for adoption with a view to providing early relief to the many policyholders adversely affected by the financial collapse of Colonial Life Insurance Company (CLICO) and its subsidiary British American Insurance Company (BAICO).

CARICOM Heads of Government have also requested the Central Bank Governors to provide an early report on the stability of the financial system in the Community, along with appropriate