The Central Bank of Trinidad and Tobago has applied for leave to petition the Court for the winding up of British American Insurance Company (Trinidad) Limited (BAT), citing the company’s financial position and continued insolvency. BAT’s policyholders are expected to continue being serviced in the usual way during the process. The Central Bank linked the action to requirements under the Insurance Act 2018 for intervention where an insurer remains insolvent, noting that BAT was unable to improve its financial position and that liquidation or winding up is the appropriate course. The matter is currently at the stage of an application for leave to be determined by the Court, with a petition to follow if leave is granted; until then, the status quo at BAT will continue. A notice to BAT policyholders and an accompanying frequently asked questions document have been published on the Central Bank’s website and social media platforms.
Central Bank of Trinidad & Tobago2026-01-23
Central Bank of Trinidad and Tobago applies to court for leave to wind up British American Insurance Company Trinidad
The Central Bank of Trinidad and Tobago has applied for court approval to wind up British American Insurance Company (Trinidad) Limited due to its insolvency, in accordance with the Insurance Act 2018. Policyholders will continue to be serviced as usual during the process, with further updates available on the Central Bank's website.