The Cable: Quality Television, Unlimited Calls to the US & Canada, 2MB High Speed Internet

Connect with WINN FM

Unit C24, The Sands Complex
Newtown Bay Road, Basseterre, St. Kitts, W.I.
Download Programme Schedule

No Easy Fix to CLICO Issue, Says Barbados Minister

(Caribbean News Now): BRIDGETOWN, Barbados (BGIS) -- Disappointed with the lack of a broad settlement framework at the regional level to tackle the CLICO/British American Insurance Company Limited (BAICO) fallout, Barbados minister of finance, Christopher Sinckler, is proposing to hold an urgent meeting in Barbados next month with ministers of finance, their senior representatives and technical staff, to broker an agreement by year end. 

He made this disclosure on Thursday night during the official launch of Guardian Life of the Caribbean and COB Financial Services Incorporated Life Insurance Agency in Barbados.

Sinckler said the meeting would allow the judicial managers to "return to the respective courts to update that a solution for an orderly resolution has been reached even as the detailed dynamics of such an agreement are hammered out". The finance minister admitted that he, like thousands of policy holders, was "growing a little anxious" about the length of time it was taking before a resolution was found despite the appointment of a judicial manager in Barbados and in a few other jurisdictions throughout the region.

Read more

Add comment


Security code
Refresh


Top Local Stories





LISTEN AGAIN

WINN FM Evening News - 28th May, 2015

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

 

- Inside the News Saturday 23rd May, 2015 

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

 

- The Bigger Picture with Ken Richards May 24th, 2015

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

 

 

-The Operating Room-26th May, 2015

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.