Important Notice on BAICO Policyholders solution April | KPMG | BB

Important Notice on BAICO Policyholders solution - April 2016

Important Notice on BAICO Policyholders solution April

The Judicial Manager of BAICO (the “JM”) has previously reported its intention to recommend a final solution (“Solution”) for BAICO’s remaining life and annuity policyholders (“Policyholders”) which involves a transfer of those policies (“Policies”) to Sagicor Life Inc. (“Sagicor”). The Solution is intended to be fully funded with financial assistance from the Government of Barbados to make up the shortfall between BAICO’s assets and its liabilities to Policyholders in order to maintain the value of the Policies.

1000

Related content

For more information, please view or download a copy of the press release.

For a copy of the full report, click here.

 

Connect with us

 

Request for proposal

 

Submit