Nassau Guardian - CLICO Bahamas in Liquidation:

CLICO Bahamas (formerly British Fidelity Assurance Limited), a subsidiary of CLICO (Holdings) Barbados Limited and a subsidiary of the CL Financial group, operated in The Bahamas as a part of the CL Financial group since 1992.

Nassau Guardian - Support fund set up for CLICO, British American:

A strategy was agreed to “maintain the viability of British American and CLICO in the ECCU in order to safeguard the interests of policyholders of these institutions,” said the statement.

The initial contributions toward the fund in relation to British American would include $50 million from the government of Trinidad and Tobago through the CARICOM Petroleum Fund; $5 million from the government of Barbados; $10 million from ECCU governments; and $15 million from regional and international organizations.

Caribbean Net News Special - Bahamas to reform insurance sector in wake of CLICO collapse

Published on Wednesday, May 13, 2009,  By Oscar Ramjeet

NASSAU, Bahamas — Bahamas Prime Minister Hubert Ingraham has introduced three bills in the House of Assembly that seek to reform the insurance sector in the wake of the collapse of CLICO Bahamas.

Barbados Prime Minister David Thompson said the bailout money (which came from the Bajan taxpayers) would remain in Barbados. Is the Government of Barbados telling the same story to the other Eastern Caribbean Currency Union (ECCU) countries? Or will millions of Bajan tax dollars be sent to the Bahamas?