Clico Report

The purpose of this report is to conk out the financial position of colonial life story insurance Company (Trinidad) Limited (CLICO). The clangour of CLICO has been extensively publicized so secondary research get out be used in assistance with financial recital compend and to complete this report. We will highlighting the major issues we believe control to the collapse of CLICO and provide fit recommendations for other comparable companies in the region to avoid travel into a similar charge; as the one CLICO currently faces. BACKGROUND INFORMATION Colonial life history Financial is the largest privately held caller in Trinidad & Tobago and was founded by Cyril Lucius Duprey. CLICO specialises in insurance and pension and their harvest line includes term plans, lifetime advantage, wellness justification plans, spectra take group plans, triple security system plans flexible premium annuity, corporate, multiple and annuity plans. CLICO realized move success within their commencement year of business and go along to grow disdain the challenges in the market. CLICO encompasses over 65 companies in over 32 countries worldwide. CLICO continued to expand and demonstrable its trade name throughout the territories and now holds substantial investments in Barbados, Antigua, St. Lucia and Grenada.

CLICOs resourcefulness was to give out a global financial services draw that optimized riches and created security for its stakeholders. Dupreys daydream has become a ingenuousness as CLICO is now an serious factor in every household. In 2009, CLICO began to face unmistakably high withdrawals requests which put imperativeness on its liquid resources. The mistrust that CLICO was experiencing problems was confirmed later on a press concourse by Ewart Williams, Governor of the incomprehensible rely. In this press multitude Mr. Williams indicated that it was the intention to take controller of Colonial Life restitution Company (CLICO), Clico Investment curse (CIB) and Caribbean Money Market Brokers (CMMB). FINANCIAL...If you essential to get a in full essay, order it on our website: Orderessay

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