There could be more cost-cutting measures at financially troubled CLICO International Life Insurance (CIL) even as investors lament another Christmas without “a real solution” to their dilemma.
A week after a management shake-up that included three senior executive positions being made redundant, sources told the SUNDAY SUN discussions were continuing on additional initiatives to trim expenses.
Oliver Jordan, representing judicial manager Deloitte Consulting Ltd., declined to comment on any planned changes when contacted yesterday.
However, a source close to the judicial managers confirmed the discussions.
Read the full story in tooday’s SUNDAY SUN.
