• Today
    September 23

  • 11:09 AM

Lifeline

Kaymar Jordan,

Added 12 June 2011

sagicor

Sagicor Life appears well poised to take over the insurance business of British American Insurance Company (Barbados) Limited (BAICO), pending final acceptance of its offer by the Supreme Court. Yesterday, senior Government sources, who are close to the negotiations, made the disclosure in light of last month’s report by the court-appointed judicial manager David Holukoff in which he revealed a $48.1 million difference between the value of BAICO assets on its books and what he had found. One source described the Sagicor proposal as “superior” to the others that were under consideration, pointing out there would be no real requirement for the Government to put in money at this stage, except to cover the cost of the BAICO building, estimated at more than $30 million. Another source said a consortium of senior BAICO managers and associates, led by attorney-at-law Dr Trevor Carmichael, was among three firm offers put on the table. Read the full story in today's SUNDAY SUN.

JOIN THE DISCUSSION

Dos and Donts


Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus

POLL

Barbados has introduced e-passports which feature biometric chips embedded in them. Do you think this will increase security and ease travel?

Yes
No
Not sure

FRONT COVER OF TODAY'S NEWSPAPER

CARTOON

INSTAGRAM