Search results for : life insurance companies
CLICO enquiry reveals trail that led to collapse
November 08, 2011
CLICO enquiry reveals trail that led to collapse
The purpose of insurance is to mitigate against any loss. However, an ongoing Trinidadian Commission of Enquiry into the management of the collapsed Colonial Life Insurance Company (CLICO) has revealed that the group lost hundreds of millions of dollars in failed investments, and executives paid themselves hefty salaries to the detriment of policy holders and investors.
The fold-up of the insuranc...
July 27, 2011
A.M. Best affirms rating of Family Guardian shareholder
International credit ratings agency A.M. Best has affirmed the financial strength of one of Family Guardian's major shareholders. The revised outlook for Sagicor Capital Life Insurance Company Limited's - which has 20 percent in the Bahamian company - was sent down yesterday.
March 03, 2009
Prime Minister gives statement on CLICO (Bahamas) situation
COMMUNICATION ON CLICO (BAHAMAS) LIMITED BY RT. HON. HUBERT INGRAHAM, PRIME MINISTER & MINISTER OF FINANCE
Who's protecting the consumer - part 2
February 23, 2015
Who's protecting the consumer - part 2
Last week, we noted that many modern societies have established laws and organizations that are designed to protect the rights of consumers, to ensure fair trade and competition in an orderly economic environment and to provide for the dissemination of accurate consumer information in the marketplace.
May 03, 2023
Grieving lawyer claims Family Guardian reduced mother's life insurance entitlement
A GRIEVING lawyer protested in front of the Family Guardian Financial Centre on East Bay Street yesterday, claiming the insurance company's policies denied him $7,000 from his dead mother's life insurance policy.
BAF celebrating 100 years
January 09, 2020
BAF celebrating 100 years
In the past 12 years, since it became fully Bahamian-owned, BAF Financial and Insurance has tripled its business to more than $1 billion in life insurance coverage under its hold, its Chief Financial Officer Julian Rolle said yesterday, as the company announced it is celebrating 100 years of providing insurance to The Bahamas...
Colina Receives "Excellent" rating from AM Best
November 28, 2019
Colina Receives "Excellent" rating from AM Best
Colina Insurance Limited’s Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” have been affirmed by Global Credit Rating Agency, AM Best...
April 18, 2018
BAF could receive 5,000 CLICO life insurance policies by end of May
BAF Financial Group of Companies could receive 4,000 to 5,000 CLICO (Bahamas) life insurance policies, Guardian Business learned yesterday, but only after the liquidator has closed down all of the failed former insurer's medical insurance policies. BAF Managing Director Sandy Morley said yesterday that his [...]
Bahamas First hosts 5 Levels of Leadership Seminar
November 22, 2017
Bahamas First hosts 5 Levels of Leadership Seminar
Bahamas First General Insurance Company recently hosted a John Maxwell 5 Levels of Leadership workshop for their agents and supervisory and management team...
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