Clico

I called Clico on Friday and told them I have a lifetime advantage policy that I would like to surrender, and the clerk nicely told me I would have to wait six months for the cheque.

TrinidadExpress Today's News 2010

When Newsday called Clico's head office yesterday, staff said Musaib Ali was in a meeting and was unavailable for comment.

newsday.co.tt 2009

Guyana seized Clico after its parent company in Trinidad, CL Financial Ltd., received a government bailout.

Global Voices in English » Guyana: CLICO Judicial Manager Shot 2009

The collapse of Clico has left many policyholders and pension fund contributors in Guyana anxious about the company's ability to honor its commitments.

Global Voices in English » Guyana: CLICO Judicial Manager Shot 2009

President Bharrat Jagdeo's administration has said it will borrow from the Treasury to pay Clico policyholders, but payment could drag out over a 10-year period.

Global Voices in English » Guyana: CLICO Judicial Manager Shot 2009

Also on March 28, 2007 - Monteil's company, Spreadeagle makes a $2 million deposit to Clico.

TrinidadExpress Today's News 2010

February 15, 2007 - Clico buys a $100 million fixed deposit at CIB, effectively to fund the acquisition since CIB did not have sufficient funds to cover the transaction.

TrinidadExpress Today's News 2010

The Central Bank action relates primarily to Monteil's controversial acquisition of a Clico-held block of shares in the Home Mortgage Bank in February 2007 for $110 million in what court papers say was an act of 'self-dealing' for his personal enrichment.

TrinidadExpress Today's News Camini Marajh 2010

February 14, 2007 - CIB, of which Monteil is chairman, issues a $78 million cheque to Clico, an associate insurance company and owner of the 43.4 per cent interest in HMB.

TrinidadExpress Today's News 2010

March 28, 2007 - FCB pays out $28 million to Clico.

TrinidadExpress Today's News 2010