BRIDGETOWN, Barbados - CLICO HOLDINGS BARBADOS Limited has been placed in receivership with immediate effect, thereby speeding up the likelihood of repayment for CLICO International Life’s (CIL) 25 000-plus policyholders.
Two years after being appointed judicial manager of CIL insurance company, Deloitte Consulting Inc. yesterday placed CLICO Holdings under receivership, stating that its decision was in keeping with the basis of its appointment to act in the interest of CIL’s policyholders
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