BAICO: Annual Update Dec. 2022

JUDICIAL TRUSTEE OF THE

BRITISH-AMERICAN INSURANCE COMPANY

(IN JUDICIAL MANAGEMENT) (“BAICO”)

EMPLOYEE PENSION PLAN

November 29th, 2022

Dear BAICO Pension Plan Member:

Re: British-American Insurance Company (“BAICO”) Employee Pension Plan

In compliance with the Appointment Order of the BAICO-Judicial Trustee (also referred to as “BAICO-JT”), clause 5(m), I am providing you with a progress report titled “Second Year Anniversary Report” (hereinafter referred to as the 2nd Report). Follow this link for a copy of the 2nd Report.

The 2nd Report was filed with the Supreme Court of the Commonwealth of The Bahamas on November 23rd, 2022.

Background Information

Pursuant to an Appointment Order, effective September 23rd, 2020,  I, Judith G. Veira of London Road, Cane Garden, St. Vincent & the Grenadines, have been appointed by the Supreme Court of The Commonwealth of The Bahamas (“the Court”) as the Judicial Trustee (“JT”) of the assets of BAICO’s Employee Pension Plan (“the Pension Plan”). The assets of the Pension Plan shall be referred to as “the Pension Trust Assets”.

Public Notice of the Appointment of the BAICO-JT was published in one of your local newspapers during the period Nov 9th to Nov 20th, 2020.

Role of the Judicial Trustee

Among the duties of the Judicial Trustee, the primary duty is to ascertain, collect, administer, and realise the Pension Trust Assets as soon as reasonably practicable between the Pension Plan Members in accordance with their individual entitlements.

All persons having a claim against the Pension Trust Assets are directed to www.trinityconsultingservice.com for information and updates on the status of the distribution of these assets to eligible Pension Plan Members or to eligible beneficiaries. Documents will be added to the website as and when there are developments and further information to be provided.

Previous Communication

Pension Plan Members can refer to the Pension Website https://trinityconsultingservice.com/baico/ for prior letters to Plan Members.

Current Contact Information

Plan Members who have not yet submitted their contact information, the BAICO-JT is requesting that such persons send an email to [email protected] with subject heading “Current Contact Information”, and a message with your legal name (include maiden and/or other names, if applicable), mailing address and jurisdiction.

You can ignore this request if you have already submitted your contact information.

All correspondence should be addressed to:
Judith G. Veira
Judicial Trustee for BAICO’s Pension Trust Assets

Postal Address:                                             

P.O. Box 131                                                
Kingstown, St. Vincent, VC 0100                 
E-Mail: [email protected]
Tel: 784 493 8100

Address:
London Road, Cane Garden
Kingstown, St. Vincent, VC 0130

Sincerely,

Judith Veira, FSA, C. Dir.
Judicial Trustee for BAICO Pension Plan Assets