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Since his appointment in August 2009, the provisional liquidator of the failed British American Insurance Co. has realised assets worth approximately $15 million. Close to $3.9 million of that money was spent on professional fees to agents KPMG Advi...

Registrar of Companies and Official Receiver Stephen Lowe says his own family and staff lost money in the British American Insurance Co debacle. He says he understands the pain policyholders are feeling, but he has become concerned about misinformati...

Angry policyholders in a collapsed insurance firm yesterday besieged the accountancy firm winding up the affairs of the company. Around 50 policyholders in the failed British American Insurance Co went to Hamilton accountancy firm KPMG to ask for a c...

Junior Glasgow’s final payout from the failed British American Insurance Company is a cheque for $4.58, another for $9.71 and a third for $21.21. A grand total of $35.50 for insurance policies his mother paid thousands of dollars into over the course...

British American policyholders are calling a meeting for next week to discuss their concerns over the handling of the winding up of the insurance company. Last evening the Official Receiver, in his capacity as Provisional Liquidator of British Americ...

British American policy holders will be receiving final cheques in August, after the Official Receiver, in his capacity as provisional liquidator of British American (BAICO), confirmed this afternoon that a sale of the building previously housing the...

British American Insurance Company creditors and policyholders could finally soon get their last payout. The company’s four-storey, 11,080-square-feet Front Street building has been sold. KPMG Advisory Ltd, agents to the Official Receiver, stated yes...

British American Insurance Company creditors and policyholders could get a New Year cash boost. The company’s four-storey, 11,080-square-feet Front Street building has found a potential buyer, The Royal Gazette has learned. KPMG Advisory Ltd, agents ...

The asking price for the British American Building on Front Street has been cut to $1.95 million. Earlier this year the distinctive blue building was listed with agents Coldwell Banker for $2.7 million, down from $3.6 million early last year. The bui...

From 2010 to last year, $668,000 was paid from a Government fund to assist Bermuda policyholders of British American Insurance Company. According to financial statements for the Government Reserves Fund, the money was paid to provide “a short-term li...