Barbados and Trinidad and Tobago CLICO Policyholders and Investors Cooperate
Chairman of the unincorporated Barbados Investors and Policyholders Alliance (BIPA), Mrs. June Fowler, held talks with her counterpart in Trinidad and Tobago, Mr. Peter Permell, last weekend in Port of Spain, Trinidad.
Mrs. Fowler also met other members of the CLICO Policyholders Group there when she attended a meeting held in the Daaga Auditorium at the St. Augustine Campus of the University of the West Indies on April 17.
Mr. Permell updated the audience on recent litigation developments in Trinidad and Tobago related to CLICO. He informed them that ten persons who went to court to file an action to have CLICO wound up were not part of the EFPA (Executive Flexible Premium Annuity) Policyholders Group (the incorporated arm of the CLICO Policyholders Group). The EFPA Policyholders Group will therefore be filing action to be joined as a party in the litigation and have engaged a team of lawyers to assist in the process. Attorney-at-Law, Lynette Seebaran-Suite, who has been retained by the group, was also present.
Mr. Permell advised the policyholders that he was in it for the long haul until everybody got their money back with a proper settlement, the same goal for which BIPA was organised.
The BIPA Chairman was invited to brief the persons attending the meeting on developments in Barbados related to settling the CLICO debacle here. The two groups expressed solidarity and made a commitment to continue sharing information. Mrs. Fowler told the audience, “My brothers and sisters in T&T, ‘we in this thing together’. If nothing else unites us, this debacle will.”