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 ...
APPENDIX A MARITIME LIFE (CARIBBEAN) LIMITED INCORPORATED - 1971 Directors: J.H. SMITH; J. SOHUN; L. ALFONSO; A. FURGUSON Secretary: THE MARITIME FINANCIAL GROUP LIMITED Auditors: PANNELL KERR FORSTER Actuary: M. CHONG TAI-BELL Countries other than Trinidad and Tobago in which the Company writes business: NIL. Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December, 2007 assets $ $ Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov’t of T&T Ordinary shares in T&T Companies Ordinary shares in non-T&T Companies Preference shares in T&T Companies Bonds and Debentures in T&T Companies Investment in dependent companies (insurance) Investment in dependent companies (non-insurance) 38,875,923 158,132,374 217,682,800 11,605,000 74,320,397 3,177,769 217,717 52,879,100 25,464,525 79,774,835 662,130,440 Cash on Current Account and in hand Mortgage Loans Policy Loans Outstanding Premiums: Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets 817,845 63,983,310 52,160,387 9,488,188 2,752,411 6,994,750 17,924,619 223,842,198 TOTAL ASSETS liabilities $ $ 1,040,094,148 Insurance Funds: Long-Term Premiums paid in advance Amount due to Reinsurers Bank Loans and Overdrafts Provisions for unreported claims Unpaid Policyholders dividends Other Liabilities 838,091,619 838,091,619 84,845 2,002,360 5,309,406 10,835,754 7,185,428 42,255,516 NET LIABILITIES Paid-up Share Capital Share Premium Account Retained Account Other TOTAL LIABILITIES 905,764,928 10,871,387 5,712,341 25,494,540 92,250,952 1,040,094,148 96 REPORT ON INSURANCE AND PENSIONS
SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES MEGA INSURANCE COMPANY LIMITED INCORPORATED - 1980 Directors: W. WINCHESTER; B. DOYLE; E. CHEONG; I. BEHARRY; K. CHOLMONDELEY; C. GILL; L. GILLETTE; K. ISAACS; H. RUSSELL; A. TOMYEW; P. VILAIN Secretary: P. ALEONG Auditors: KPMG Actuary: PRESCIENCE INSURANCE CONSULTING AND ACTUARIES INC. Countries other than Trinidad and Tobago in which the Company writes business: NIL. Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December, 2007 assets $ $ Investments: Fixed Deposits with Bank Trinidad and Tobago Government Securities Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Investment in dependent companies (insurance) Other Investments Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Outstanding Premiums: Amounts due from Brokers Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets Other Assets 13,593,210 10,761,611 19,199,301 23,337,309 4,468,546 24,442,107 95,802,084 2,870,641 1,711,569 6,172,522 370,351 43,548 3,512,247 843,168 620,174 56,069,338 10,726,200 TOTAL ASSETS 178,741,842 liabilities $ $ Insurance Funds: Long-Term Claims admitted or intimated but not paid Premiums paid in advance Outstanding Commissions Amount due to Reinsurers Deposits re policies Other Liabilities 143,503,307 143,503,307 4,083,356 162,776 145,919 2,376,095 467,148 5,071,415 NET LIABILITIES Paid-up Share Capital Non-Admissable Assets Adjustment Retained Account Other TOTAL LIABILITIES 155,810,016 36,465,357 (14,830,311) (36,838,270) 38,135,050 178,741,842 REPORT ON INSURANCE AND PENSIONS 97
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- Page 82 and 83: APPENDIX A Directors: Secretary: Au
- Page 84 and 85: APPENDIX A Directors: Secretary: Au
- Page 86 and 87: APPENDIX A CARIBBEAN INSURANCE COMP
- Page 88 and 89: APPENDIX A COLONIAL FIRE AND GENERA
- Page 90 and 91: APPENDIX A CUNA CARIBBEAN INSURANCE
- Page 92 and 93: APPENDIX A FURNESS ANCHORAGE GENERA
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- Page 96 and 97: APPENDIX A GULF INSURANCE LIMITED I
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- Page 102 and 103: APPENDIX A THE REINSURANCE COMPANY
- Page 104 and 105: APPENDIX A SAGICOR GENERAL INSURANC
- Page 106 and 107: APPENDIX A SCOTIALIFE INSURANCE LIM
- Page 108 and 109: APPENDIX A TATIL LIFE ASSURANCE LIM
- Page 110 and 111: APPENDIX A THE GREAT NORTHERN INSUR
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- Page 114 and 115: APPENDIX A UNITED INSURANCE COMPANY
- Page 116 and 117: APPENDIX B LIST OF REGISTERED AGENT
- Page 118 and 119: List of Registered Agents List of A
- Page 120 and 121: List of Registered Agents List of A
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- Page 142 and 143: APPENDIX C LIST OF BROKERS REGISTER
- Page 144 and 145: APPENDIX D LIST OF REGISTERED ADJUS
- Page 146 and 147: Appendix e LIST OF PENSION PLANS RE
APPENDIX A<br />
MARITIME LIFE (CARIBBEAN) LIMITED<br />
INCORPORATED - 1971<br />
Directors: J.H. SMITH; J. SOHUN; L. ALFONSO; A. FURGUSON<br />
Secretary: THE MARITIME FINANCIAL GROUP LIMITED<br />
Auditors: PANNELL KERR FORSTER<br />
Actuary: M. CHONG TAI-BELL<br />
Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes business: NIL.<br />
Summary <strong>of</strong> Balance Sheet in respect <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> Tobago<br />
Business as at 31st December, <strong>2007</strong><br />
assets $ $<br />
Investments:<br />
Fixed Deposits with <strong>Bank</strong><br />
Fixed Deposits with Other Financial Instituti<strong>on</strong>s<br />
<strong>Trinidad</strong> <strong>and</strong> Tobago Government Securities<br />
Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />
Ordinary shares in T&T Companies<br />
Ordinary shares in n<strong>on</strong>-T&T Companies<br />
Preference shares in T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />
Investment in dependent companies (insurance)<br />
Investment in dependent companies (n<strong>on</strong>-insurance)<br />
38,875,923<br />
158,132,374<br />
217,682,800<br />
11,605,000<br />
74,320,397<br />
3,177,769<br />
217,717<br />
52,879,100<br />
25,464,525<br />
79,774,835<br />
662,130,440<br />
Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />
Mortgage Loans<br />
Policy Loans<br />
Outst<strong>and</strong>ing Premiums:<br />
Amounts due from Policyholders<br />
Amounts due from other <strong>Insurance</strong> Companies<br />
Interest, dividends <strong>and</strong> rents outst<strong>and</strong>ing<br />
Sundry Debtors<br />
Fixed Assets<br />
817,845<br />
63,983,310<br />
52,160,387<br />
9,488,188<br />
2,752,411<br />
6,994,750<br />
17,924,619<br />
223,842,198<br />
TOTAL ASSETS<br />
liabilities $ $<br />
1,040,094,148<br />
<strong>Insurance</strong> Funds:<br />
L<strong>on</strong>g-Term<br />
Premiums paid in advance<br />
Amount due to Reinsurers<br />
<strong>Bank</strong> Loans <strong>and</strong> Overdrafts<br />
Provisi<strong>on</strong>s for unreported claims<br />
Unpaid Policyholders dividends<br />
Other Liabilities<br />
838,091,619<br />
838,091,619<br />
84,845<br />
2,002,360<br />
5,309,406<br />
10,835,754<br />
7,185,428<br />
42,255,516<br />
NET LIABILITIES<br />
Paid-up Share Capital<br />
Share Premium Account<br />
Retained Account<br />
Other<br />
TOTAL LIABILITIES<br />
905,764,928<br />
10,871,387<br />
5,712,341<br />
25,494,540<br />
92,250,952<br />
1,040,094,148<br />
96<br />
REPORT ON INSURANCE AND PENSIONS
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