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| Items tagged with: insurance |
| Tag was last used: Apr 9, 2009 |
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Posted By: zephyr
Posted On: Apr 9, 2009
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By Oscar Ramjeet:
Caribbean Net News Special Correspondent -
Email: oscar@caribbeannetnews.com
PORT OF SPAIN, Trinidad: The Trinidad and Tobago government may face problems in trying to recover the money being advanced in the bail out of CL Financial Limited, the Caribbean’s largest...... [view]
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Posted By: zephyr
Posted On: Apr 5, 2009
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GEORGETOWN, Guyana: President Bharrat Jagdeo says the Guyana government may phase an allocation of US$34 million over a ten-year period to be borne by the treasury should the monies invested by CLICO Guyana in CLICO Bahamas not be recovered, further bolstering the guarantee he made to...... [view]
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Posted By: zephyr
Posted On: Mar 20, 2009
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GEORGETOWN, Guyana (GINA): In an invited comment Thursday in response to media reports that CLICO Guyana workers have been sent home and the Lamaha Street offices of the company has been closed, Commissioner of Insurance and Judicial Manager of CLICO Guyana, Maria van Beek, stressed that the...... [view]
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Posted By: zephyr
Posted On: Mar 17, 2009
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By CANDIA DAMES,
Guardian News Editor -
candia@nasguard.com:
Guyanese President Bharrat Jagdeo has turned over documents to Prime Minister Hubert Ingraham he believes support his claim that CLICO Guyana has $34 million invested in CLICO Bahamas, Ingraham confirmed yesterday.
The...... [view]
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Posted By: zephyr
Posted On: Mar 16, 2009
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By CANDIA DAMES,
Guardian News Editor -
candia@nasguard.com:
As creditors of CLICO Bahamas line up to collect debts owed by the beleaguered insurance firm, authorities in Guyana have assembled a legal team of Bahamian and Guyanese attorneys charged with recovering what the country...... [view]
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Posted By: zephyr
Posted On: Mar 14, 2009
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GEORGETOWN, Guyana: The Commissioner of Insurance in Guyana, Maria van Beek, said that the probe into the financial status of the CLICO (Guyana) insurance firm, hit by problems with its Trinidad-based parent company, will take about another four weeks but advised clients whose policies are still...... [view]
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Posted By: zephyr
Posted On: Mar 13, 2009
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By Oscar Ramjeet:
Caribbean Net News Special Correspondent -
Email: oscar@caribbeannetnews.com:
PORT OF SPAIN, Trinidad: CL Financial’s crisis will force the Trinidad and Tobago government to borrow more this year to sustain its rescue of the cash-strapped conglomerate.
Central...... [view]
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Posted By: zephyr
Posted On: Mar 9, 2009
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GEORGETOWN, Guyana (GINA): On March 5, the shares of the great Citigroup, once one of the largest banks and companies in world, traded for only 97 US cents on the New York Stock Exchange.
Unfortunately, this is not a unique situation. It has been repeated with many other financial institutions...... [view]
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Posted By: zephyr
Posted On: Mar 7, 2009
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GEORGETOWN, Guyana (GINA): The recent developments of the Colonial Life Insurance Company (CLICO) are not unique to Guyana as subsidiaries of four islands have also been affected by the recent financial troubles facing CLICO’s parent company, the Trinidad-based CL Financial.
The governments...... [view]
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Posted By: zephyr
Posted On: Mar 6, 2009
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GEORGE TOWN, Cayman Islands: The Cayman Islands Monetary Authority has instructed CLICO (Cayman) Ltd to stop its public investment business activity until company accounts are approved by the Authority.
A CIMA media release stated that in an order issued on Tuesday (3 March), it told CLICO...... [view]
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Posted By: zephyr
Posted On: Mar 3, 2009
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By Oscar Ramjeet:
Caribbean Net News Special Correspondent -
Email: oscar@caribbeannetnews.com:
NASSAU, Bahamas: Bahamas Prime Minister Hubert Ingraham has made a lengthy presentation to Parliament about CLICO Bahamas Limited, which went into liquidation because it was unable to pay...... [view]
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