Sagicor in discussions over CLICO

Bridgetown.

Regional insurance giant, Sagicor Financial Corporation is making a bid to take over CLICO International Life in Barbados, and British American Insurance Company.

Sagicor's president Dodridge Miller, told a media briefing yesterday, that the company had started discussions with the governments of Barbados and Trinidad and Tobago, to resolve the fall out in the region  from collaspe of CLICO and the British American Insurance Company,

Miller said,  Sagicor had indicated to the regulators in Barbados and Trinidad,  it was interested in finding a solution to the CLICO and British American Insurance mess, and was prepared to sent money to solve the problem.