Clico Report

The purpose of this report is to analyse the financial position of blend life story Insurance Company (Trinidad) Limited (CLICO). The split up of CLICO has been extensively publicized so secondary research exit be used in assistance with financial statement compend and to complete this report. We will highlight the major issues we believe comport to the collapse of CLICO and provide suitable recommendations for other comparable companies in the region to avoid falling into a similar light; as the one CLICO currently types. BACKGROUND INFORMATION colonial aliveness Financial is the largest privately held company in Trinidad & Tobago and was founded by Cyril Lucius Duprey. CLICO specialises in insurance and pension and their product line includes end point plans, lifetime advantage, wellness justification plans, spectra care group plans, trinity protection plans flexible premium annuity, corporate, multiplex and annuity plans. CLICO realize flying succes s within their first year of blood line and go along to grow despite the challenges in the market. CLICO encompasses over 65 companies in over 32 countries worldwide. CLICO continued to have a fit and developed its trade name throughout the territories and presently holds real(a) investments in Barbados, Antigua, St. Lucia and Grenada.

CLICOs resourcefulness was to become a spherical financial services draw that optimized wealth and created security for its stakeholders. Dupreys dream has become a reality as CLICO is now an important factor in every household. In 2009, CLICO began to face unusually hig h withdrawals requests which put fomenture! on its crystalline resources. The suspicion that CLICO was experiencing problems was confirmed later on a force per unit area conference by Ewart Williams, Governor of the profound rely. In this press conference Mr. Williams indicated that it was the intention to take ascendancy of Colonial Life Insurance Company (CLICO), Clico Investment Bank (CIB) and Caribbean Money foodstuff Brokers (CMMB). FINANCIAL...If you want to get a in full essay, hallow it on our website: OrderCustomPaper.com

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