Government asks Clico to discontinue issuing new policies in Dominica

Roseau, Dominica – June 15, 2010……… The Government of Dominica has advised the Branch Manager of Clico International Life Ltd. to discontinue the issuing of new policies in Dominica until further notice.

A letter from the Government of Dominica dated May 11th 2010 reads:

“The Government of Dominica has been monitoring the developments in regard to the operations of Clico. We find it necessary at this time to request that the Dominica agency of Clico discontinues the issuing of new policies in Dominica until further notice.”

This action is consistent with that taken by member states of the Eastern Caribbean Currency Union (ECCU) further to communication received from the regulator of insurance in Barbados.

The Government of Dominica will continue to provide updates on this issue as it is important for the continued good financial health of not just Dominica but all the other members of the ECCU.

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5 Comments

  1. Eddie
    June 21, 2010

    matin u always tell me all is good just mind me

  2. mouth of the south
    June 20, 2010

    when will that clico issue be resolved,,,, i remember i was told,,,”we got lots of assets all over the world in florida, europe” etc,,,, and this can't be resolved cmon,,,, i got my investment tangled in that stuff,,, i'm a young man and i'll bounce back,,, i live without thinking bout that situation,,, but i really worry bout tha older folks among us who trusted clico with all their life investments tsk tsk tsk somebody has to answer

  3. RIXTY36
    June 19, 2010

    TEHY HAVE ALWAYS RESPONDED QUICKLY WITH MY CLAIMS, I WOULD HATE HAVING TO ABORT BUSINESS WITH THEM

  4. big m
    June 19, 2010

    i hope my polcies are safe

  5. G_cyndie
    June 18, 2010

    papa met

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