Hashtag: #BritishAmericanInsuranceCompany
Official Receiver: British American Building Sold
The Official Receiver, in his capacity as provisional liquidator of British American, issued a statement today [June 20] confirming the sale of the building previously housing the offices of British American has now been completed. It said, “Given the prevailing market conditions, completing a sale of the building has taken a considerable period... Read more of this article
‘Regrettable’ British American Letter
The provisional liquidator of the Bermuda branch of British American Insurance Company Ltd. [BAICL] yesterday [Dec.20] criticised the anonymous writer of an eight-page letter circulating among policyholders of the failed insurer. Stephen Lowe said the document — released as policyholders this week received 35 percent of agreed claims from BAICL... Read more of this article
Line Forms Outside British American
A long line formed outside the British American offices on Front Street this morning [Dec.19] as policyholders sought to receive payment of 35 percent of their claims. The cheques were made available for collection from the offices of the failed life insurer starting today [Dec.19] at 9am, and will be available from 9am to 4pm from each business day... Read more of this article
British American Creditors To Get 35%
British American policyholders will receive a payment of 35 percent of their claims, it was announced today [Dec.12]. Cheques will be available for collection from the British American offices on Front Street on Monday, December 19 between 9am and 4pm, and then on each business day thereafter. Creditors should bring valid photo identification [driver’s... Read more of this article
British American Insurance: Full Liquidation
The Ministry of Finance/Registrar of Companies issued a release today [Sept 7] addressing matters relating to British American Insurance Company saying that “it has been determined that a full liquidation is in the best interests of policyholders and will be implemented with immediate effect.” The release went on to say that locals who are... Read more of this article
