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Economist flags potential policyholder impact after ICBL investment diluted
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Economist flags potential policyholder impact after ICBL investment diluted
Insurance Corporation of Barbados’ (ICBL) stake in a Canadian company has been diluted after additional shares were issued, prompting economist Jeremy Stephen to warn that the development could have implications for ICBL’s policyholders and shareholders. The formerly state-owned industry giant’s majority owner has filed an “early warning report” after its joint shareholding with ICBL in Canadian company AmeriTrust Financial Technologies Inc. fel…
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