Caribbean Press Releases - recent news & press releases - Articles - CLICO

Trinidad: Duprey wants out of Clico enquiry

Thu, 24 Jan 2013 11:00:00 CST

Jan. 24, 2013 - Former Clico business magnate Lawrence Duprey has written to the commission of enquiry into the collapse of Clico to say he is unwilling to appear before it to give evidence.

Clico Barbados to T&T Govt: Pay us $660m

Wed, 06 Jun 2012 09:30:00 CDT

June 6, 2012 - The judicial manager of Barbados-based Clico International Life Insurance Ltd (CIL) has proposed that the Government of Trinidad and Tobago commit to allocate $660 million (EC$300 million) as part of a proposal to resolve the status of holders of Executive Flexible Premium Annuities (EFPAs) in Barbados and the islands of the Eastern Caribbean.

OECS Leaders and TnT Prime Minister to discuss CLICO

Wed, 23 May 2012 08:30:00 CDT

Basseterre - May 23, 2012 - Prime Minister of St. Kitts and Nevis, the Right Hon. Dr. Denzil L. Douglas is hoping to meet with his Trinidad and Tobago counterpart, the Hon. Kamla Persad-Bissessar next month to thrash out details of an agreement in relation to the CLICO debacle.

Charges Laid Against Former CLICO Holdings (Bdos) Chairman Leroy Parris

Wed, 22 Feb 2012 11:00:00 CST

Bridgetown - Feb. 22, 2012 - (nationnews.com): Criminal charges have been filed in the magistrates’ court against former executive chairman of CLICO Holdings (Barbados) Limited, Leroy Parris, and current president Terrence Thornhill.

ECCU still seeking assistance for BAICO and CLICO policy holders

Wed, 01 Feb 2012 07:30:00 CST

Basseterre -- Feb. 1, 2012 - The Eastern Caribbean Currency Union (ECCU) continues to seek financial relief from the Government of Trinidad and Tobago, both in support of policy holders as well as in support of regional institutions whose investments in British-American Insurance Company (BAICO) now pose a risk to the member countries.

CLICO Trinidad: Govt pays out $1.1b to 2,177 EFPA investors

Wed, 18 Jan 2012 10:00:00 CST

Port-of-Spain - Jan. 18, 2012 - Government has to date paid $1.1 billion to CLICO and British American executive flexible premium annuity (EFPA) investors with contracts valued at $75,000 or more.

Trinidad: Cabinet approves $4.8b Clico Trust

Fri, 06 Jan 2012 09:00:00 CST

Port-of-Spain - Jan. 6, 2012 - Cabinet has approved the establishment of the Clico Investment Trust which will have 51.9 million shares belonging to Republic Bank.

Clico Bahamas seeks $365M from CL Financial

Mon, 31 Oct 2011 10:00:00 CDT

Port-of-Spain - Oct. 31, 2011 -(newsday.co.tt): A claim for $365 million has been served on CL Financial Limited in relation to a guarantee reportedly made by the local company to Clico (Bahamas) Limited.

Trinidad: CLICO Bills passed

Sun, 18 Sep 2011 08:30:00 CDT

Port-of-Spain -- Sept. 18, 2011 - (newsday.co.tt): Legislation giving effect to the State’s $20 billion Clico plan, involving the issuing of State bonds in exchange for legal rights, was approved in the Senate early yesterday morning, after eight Independent Senators joined the Government in a vote taken at the end of a 15-hour debate.

Barbados company urges enquiry to list accusations in CL Financial Issue

Fri, 08 Apr 2011 15:00:00 CDT

April 8, 2011 - (trinidadexpress.com): A Barbadian company and its chairman who have been named as parties to the Commission of Enquiry into the collapse of CL Financial want to know the allegations they are facing before tendering any documentary evidence.