WITH Clico – Colonial Life Insurance Co – finally being relieved of emergency control by the Central Bank 13 years later, its executive chairman Claire Gomez-Miller says focus will now be on starting new business and “going behind every dollar” from its claim for $11 billion against its parent company, CL Financial (CLF). She was
Colonial Life Insurance Company (Clico) has paid off $17.3 billion in debt, inclusive of interest, to the government and is looking forward to creating new business and continuing to serve its policyholders. This was revealed by Clico's executive chairman Claire Gomez-Miller at a press conference at the Central Bank, Port of Spain on Tuesday morning.