Notice - Update for CLICO Policyholders – Grenada Distribution Plan

Policyholders of CLICO International Life Insurance Ltd are hereby advised that, further to the mandate of the High Court of Grenada, the judicial management team has been diligently executing on the Distribution Plan. Letters and supporting appendices were sent to the first two categories of policyholders, totalling 2,354 with a proposed distribution sum of up to $2.05 million, through the post and through e-mails. Letters and supporting appendices will also be sent to the final category of policyholders by October 20, 2025.

The first category comprises policyholders with claims between EC$50 and $1,000, the second category comprises policyholders with claims in excess of EC$1,000 but less than $15,576 and the final category comprises policyholders with claims in excess of EC$15,576.

Additionally, the Judicial Manager has launched a website to provide updates on the progress with respect to judicial matters. For the most accurate and current information regarding your policy, including claims, payments, and other services, please visit the official CLICO website:

If you were an active policyholder or claimant as of November 30, 2014, and have not received your personalized letter by October 31, 2025, you must contact the Judicial Managers’ representatives to confirm or update your policy information. You may reach them as follows:

  • Hotline: (473) 404-2632 or (473) 405-4950
  • WhatsApp: +1 (246) 820-8611
  • Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

GARFIN, as the Supervisor of Insurance, continues to be in close communication with the judicial management team for Grenada to ensure a smooth process and urges policyholders to review the correspondences received and respond, as necessary, in a timely manner. Further, GARFIN continues to ensure that all Insurance Companies meet the minimum statutory solvency requirements, hold adequate acceptable assets in the insurance fund, secure reinsurance coverage with reputable Reinsurers, exhibit proper market conduct and operate with sound risk management practices.

 

Denis Felix

Executive Director

Grenada Authority for the Regulations

of Financial Institutions (GARFIN)

 

Telephone Contact: (473) 440-6575 / 405-5668

October 8, 2025                                                                                                                                                                                                                                                                                                                      

 

Contact us

Office:
P.O. Box 3973,
The Netherlands Building,
Grand Anse,
St. George's, Grenada, W.I.
Tel.: +1 (473) 440-6575 / 440-8717
Cell.: +1 (473) 405-5668
Fax: +1 (473) 440-4780
 
Email: garfininfo@garfin.org

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