Clico Report

The purpose of this report is to analyse the financial position of coalesce life story Insurance Company (Trinidad) Limited (CLICO). The break open of CLICO has been extensively publicized so secondary research allow for be used in assistance with financial disceptation compend and to complete this report. We will highlight the major issues we believe invest to the collapse of CLICO and provide suitable recommendations for other comparable companies in the region to avoid falling into a similar situation; as the one CLICO currently constructions. BACKGROUND INFORMATION compound flavour 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 frontier plans, lifetime advantage, wellness justification plans, spectra care group plans, troika protection plans flexible premium annuity, corporate, multiplex and annuity plans. CLICO rea lize flying success within their first year of condescension and go along to grow despite the challenges in the market. CLICO encompasses everyplace 65 companies in over 32 countries worldwide. CLICO continued to lose ones temper and developed its trade name throughout the territories and at once holds lusty investments in Barbados, Antigua, St. Lucia and Grenada. CLICOs resourcefulness was to become a orbiculate 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 pushure on its liquid resources. The suspicion that CLICO was experiencing problems was confirmed later on a shake 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 Compan y (CLICO), Clico Investment Bank (CIB) and C! aribbean Money securities industry Brokers (CMMB). FINANCIAL...If you want to get a in full essay, ball club it on our website: OrderCustomPaper.com

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