Spotlight on Barbados insurance supervisor over CLICO losses

(Barbados Nation) With thousands of CLICO policyholders and investors now faced with the growing likelihood of losses, the spotlight has been turned on the Office of the Supervisor of Insurance.

In recent days, the focus has been on the company’s executives and their management of CLICO’s operations.

However, former Governor of the Central Bank, Winston Cox, believes the supervisor was duty-bound to protect those interests.

Therefore, he said if it could be shown that there was “negligence” on the part of the supervisor, a successful legal challenge could be brought against that office.

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