BAICO

British American Insurance Company (BAICO) was one of the largest insurance companies in the Caribbean before its collapse in 2009. The judicial management process has been one of the most complex cross-border insolvency cases in Caribbean history.

Background

BAICO operated across 17 Caribbean territories and served over 47,000 policyholders. The company faced severe liquidity challenges during the 2008 financial crisis, leading to its placement under judicial management in 2009. The case involved coordinating efforts across multiple jurisdictions with different legal frameworks.