Chairman of the Clico Policyholders Group (CPG) Peter Permell says while the laying of the long-awaited Clico report in Parliament brings some “much-needed closure” to the collapse of the insurance giant, full closure can only come when outstanding monies are paid to policyholders.

In a video message sent to the Express via WhatsApp yesterday, Permell said, “There could only have full closure when the balance of the monies due to the policyholders, we talking about the residual balances here are paid to them, that is the only opportunity they will get to bring proper closure for this particular issue.”

However, he commended Prime Minister Kamla Persad-Bissessar and Attorney General John Jeremie for “having the courage of their conviction to lay the long overdue and much talked about report of the Sir Anthony Colman Commission of Enquiry on CLICO and its parent company CL Financial”.