Clico Report

The purpose of this report is to analyse the financial position of conglomerate life story Insurance Company (Trinidad) Limited (CLICO). The crease of CLICO has been extensively publicized so secondary research go away be used in assistance with financial argumentation compend and to complete this report. We will highlight the major issues we believe aim to the collapse of CLICO and provide suitable recommendations for other comparable companies in the region to avoid falling into a similar chain mail; as the one CLICO currently expects. BACKGROUND INFORMATION colonial manners 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 terminal plans, lifetime advantage, wellness justification plans, spectra care group plans, three-fold protection plans flexible premium annuity, corporate, multiplex and annuity plans. CLICO cognise flying success within their first year of job and go along to grow despite the challenges in the market. CLICO encompasses oer 65 companies in over 32 countries worldwide. CLICO continued to flesh out and developed its trade name throughout the territories and flat holds developed investments in Barbados, Antigua, St. Lucia and Grenada.

CLICOs resourcefulness was to become a globular 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 hi gh withdrawals requests which put labourur! e on its liquefied resources. The suspicion that CLICO was experiencing problems was confirmed later on a mash 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 trade Brokers (CMMB). FINANCIAL...If you want to get a in full essay, modulate it on our website: OrderCustomPaper.com

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