Press Releases: CLICO Updates

Central Bank Governor's Statement on Offer of VSEP to CLICO's Staff

Central Bank of Trinidad and Tobago recognizes the difficult circumstances CLICO’s employees have endured over the past five years.

CBTT's CLICO Resolution Plan

Update on the Resolution Plan for Colonial Life Insurance Company (Trinidad) Limited (CLICO)

Update on CBTT's CLICO Resolution Plan

On February 13 2009, Central Bank of Trinidad and Tobago assumed control of CLICO in accordance with its special emergency powers under Section 44D of the Central Bank Act Ch. 79:02.

CBTT appoints Executive Chairman for Clico

Pursuant to its powers under Section 44(D) of the Central Bank Act, Central Bank terminated the appointments of Mr. Gerard Yetming as Chairman of CLICO and Ms.Carolyn John as Managing Director
of CLICO on Friday 5th June, 2015.

Statement on Payments to Former CLICO Directors and Officers

Under the terms of Government’s bailout of CLICO in 2009 and 2011, related parties which included directors and officers of CLICO were not to be paid with public funds, on the principle that these parties may have contributed to the financial collapse of the institution.

Update on the Resolution of CLICO and BAT

By way of Legal Notices Nos. 32 and 33 of 2009, the Central Bank on February 13, 2009 assumed control of CLICO and BAT,respectively, pursuant to its special emergency powers under Section 44D of the Central Bank Act Ch. 79:02 (the Act).

Update on the Resolution of Colonial Life Insurance Company (Trinidad) Limited (CLICO) and British American Insurance Company (Trinidad) Limited (BAT)

By way of Legal Notices Nos. 32 and 33 of 2009, the Central Bank on February 13, 2009 assumed control of CLICO and BAT, respectively, pursuant to its special emergency powers under Section 44D of the Central Bank Act Ch. 79:02 (the Act).

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