Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
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SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES<br />
Directors:<br />
Secretary:<br />
Auditors:<br />
Actuary:<br />
THE BEACON INSURANCE COMPANY LIMITED<br />
INCORPORATED - 1970<br />
G.S.HADEED; P. BRYAN; R. LEWIS; L. GONSALVES; F. DE NOBRIGA<br />
D. GONZALEZ<br />
PricewaterhouseCoopers<br />
ECKLER PARTNERS, PRESCIENCE INSURANCE CONSULTANTS & ACTUARIES<br />
Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes Business: Barbados, Comm<strong>on</strong>wealth <strong>of</strong> Dominica,<br />
Grenada, Suriname, St Lucia, St. Vincent <strong>and</strong> The Grenadines, St. Christopher <strong>and</strong> Nevis.<br />
Summary <strong>of</strong> Balance Sheet in respect <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> Tobago<br />
Business as at 30TH JUNE, <strong>2007</strong><br />
assets $ $<br />
Investments:<br />
Fixed Deposits with <strong>Bank</strong><br />
Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />
UK Government Securities<br />
Other Foreign Government Securities<br />
Ordinary shares in T&T Companies<br />
Ordinary shares in n<strong>on</strong>-T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />
Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />
Mortgage Loans<br />
Loans <strong>on</strong> Debentures <strong>of</strong> Shares<br />
Outst<strong>and</strong>ing Premiums<br />
Sundry Debtors<br />
Fixed Assets<br />
Other Assets<br />
TOTAL ASSETS<br />
11,332,208<br />
18,441,008<br />
1,020,279<br />
1,205,969<br />
14,429,198<br />
8,116,885<br />
2,829,800<br />
57,375,347<br />
7,350,135<br />
1,135,380<br />
3,554,000<br />
16,411,197<br />
2,073,982<br />
2,010,608<br />
16,990,815<br />
106,901,464<br />
liabilities $ $<br />
<strong>Insurance</strong> Funds<br />
Claims admitted or intimated but not paid<br />
Amount due to Reinsurers<br />
Other Liabilities<br />
33,019,343<br />
23,189,268<br />
11,737,806<br />
7,781,321<br />
NET LIABILITIES<br />
Paid-up Share Capital<br />
N<strong>on</strong>-Admissable Assets Adjustment<br />
Unrealised Revaluati<strong>on</strong> Reserves<br />
Retained Account<br />
Other<br />
TOTAL LIABILITIES<br />
75,727,738<br />
10,000,000<br />
(2,813,856)<br />
4,272,819<br />
12,264,606<br />
7,450,157<br />
106,901,464<br />
REPORT ON INSURANCE AND PENSIONS 107
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