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Judicial Manager declares CLICO (Guyana) insolvent

Kaieteur News: "Judicial Manager of Colonial Life Insurance Company (CLICO) Guyana, Maria Van Beek, in a report to the High Court, says that its financial position reveals that the company does not have the resources to allow it to carry on its business and it is therefore insolvent.
She added, in the report, that the sale of assets of the company appears to be unavoidable under any foreseeable scenario."

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