Regulatory Alerts2025-08-18
Added · Updated
FSC Takes Enforcement Action to Protect Policyholders and Maintain Confidence in Barbados Insurance Sector
The Financial Services Commission of Barbados has initiated enforcement action against Equity Insurance Company Ltd., issuing statutory notices to seize management control and potentially revoke its license pending adequate remediation. Appointed Manager Craig Waterman will oversee daily operations and claims processing while halting new business writing, ensuring all existing policies remain valid. This decisive regulatory intervention safeguards policyholder interests and preserves stability across Barbados’ non-bank financial sector through transparent, enhanced supervision.
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