Trinidad Express "The Government has agreed to pump in $315 million (US$50 million) to rescue struggling subsidiary companies of CL Financial to protect insurance policyholders in smaller Caribbean countries.
It follows an initial $1 billion injected into the local financial system by the State to pay depositors, pension and medical plans of the failed CL Financial subsidiary CLICO Investment Bank and CLICO, the country's largest insurance company."
It follows an initial $1 billion injected into the local financial system by the State to pay depositors, pension and medical plans of the failed CL Financial subsidiary CLICO Investment Bank and CLICO, the country's largest insurance company."
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