-Guyana at lowest priority
The Central Bank here says it is monitoring payouts by Trinidad’s CLICO to Bahamian shareholders left stranded after the company was put into administration in 2009 but noted that Guyanese policyholders are in the lowest tier for recompense.
Guyanese holders of policies with CLICO (Guyana) were reimbursed by the Guyana Government. After years of repaying the state of Trinidad and Tobago for the bailout it was afforded, CLICO is now generating profits from its resumed and new business.
The company declared an after-tax profit of TT$2.3 billion in 2023.