Clico Report

The purpose of this report is to analyse the financial position of merge life story Insurance Company (Trinidad) Limited (CLICO). The analyze of CLICO has been extensively publicized so secondary research give be used in assistance with financial avouchment compend and to complete this report. We will highlight the major issues we believe carry on to the collapse of CLICO and provide suitable recommendations for other comparable companies in the region to avoid falling into a similar escape; as the one CLICO currently attends. BACKGROUND INFORMATION compound breeding 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 marge plans, lifetime advantage, wellness justification plans, spectra care group plans, three-base hit protection plans flexible premium annuity, corporate, multiplex and annuity plans. CLICO complete flying s uccess within their first year of duty and go along to grow despite the challenges in the market. CLICO encompasses all over 65 companies in over 32 countries worldwide. CLICO continued to expatiate and developed its trade name throughout the territories and instantly holds potent investments in Barbados, Antigua, St. Lucia and Grenada.

CLICOs resourcefulness was to become a ball-shaped 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 high withdrawals requests which put wringu! re on its crystalline resources. The suspicion that CLICO was experiencing problems was confirmed later on a stir 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 mart Brokers (CMMB). FINANCIAL...If you want to get a in full essay, coordinate it on our website: OrderCustomPaper.com

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