Deloitte & Touche selected for CLICO’s Judicial Management – This as Members of Barbados Investors & Policyholders (BIPA) assess Promotions

April is almost halfway through as BIPA, the umbrella body for Barbadians who trusted their funds with CLICO and British-American Insurance, await for both of the CL Financial subsidiaries to come under judicial management – which was recently adjourned to next month…

Douglas Skeete updating BIPA members of what Judicial Mgmt. is taking place with both BAICO & CLICO

According to noted actuarial expert Douglas Skeete, there has been a selection made as to which firm will be assessing the formerly hot investment tickets {CLICK ON FOLLOWING LINK FOR FULL AUDIO};-

He urged BIPA members to seek settlement or judgment in their favour as quickly as possible – he indicated KPMG Peat-Marwick is handling BA’s Judicial Mgmt. while Deloitte & Touche have been selected as CLICO Barbados’s Mgmt. nevertheless the caseload for the Bajan courts are heavy, so it is in the group’s interests to see this suit stays on the front-burner!

Mr Skeete also found it odd how it seems CLICO’s Barbadian branch continues to be some sort of “sacred cow” that certain Government departments continue to ignore {CLICK ON FOLLOWING LINK FOR FULL AUDIO};-

British-American is under Judicial Management, while CLICO Barbados’s affairs continue to hang in the balance, he suggested to the B’dos Investors & Policyholders Assoc. they should consider initiating protest action and this met with resounding approval.

At the same meeting, a decision was made by BIPA’s Public Relations Officer to see which methods of alerting members to gatherings was best, Sharon Marshall of the Inter-American Development Bank made the non-scientific assessment by a show of hands {CLICK ON FOLLOWING LINK FOR FULL AUDIO};-

40 to 50 people saw the Ad about the meeting in the Nation, no one saw an E-mail Blast, two saw the Notice in Barbados Today, about five saw it in Facebook and SEVEN saw the Notice and Press Release in The BAJAN REPORTER!

This means this online service is capably holding with the mainstream media, I carried the Flyer on my Facebook page so in essence what everyone saw was really 12 votes in favour of this website! 😉

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