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CLICO

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AcronymDefinition
CLICOColonial Life Insurance Company


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This money, he said, will help meet the liabilities of CLICO here, especially with regards to payments of small policy holders.
The collapse of the financial giant, CLICO INVESTMENT BANK in Trinidad has already cost the Treasury approximately TT $8 billion, and this combined with the dramatic fall of the STANFORD empire in ANTIGUA / BARBUDA has created shockwaves throughout the Caribbean.
While the country has so far weathered the economic crisis through plans to expand gas exports, a major casualty has been Caribbean-wide insurance giant CLICO (formerly Colonial Life) - this was bailed out by the Government, but not before finance minister Karen Nunez-Tesheira allegedly withdrew her personal funds.
 
 
 
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