Colina Joins Crisis Centre on 40th Anniversary CelebrationInsurer is Silver Sponsor of Volunteer Reception
Nassau, The Bahamas, November 17, 2022 – Colina Insurance Limited is a Silver Sponsor of the Red Carpet Volunteers Reception to be held as part of The Bahamas Crisis Centre’s 40th Anniversary celebration.
“Colina is committed to the health and wellness of the citizens and residents of this country,” said Maxine Seymour, Director, Corporate Communications, Colina. “We partner with The Bahamas Crisis on an ongoing basis because families are important and we appreciate the work they do to mitigate domestic challenges.”
“The Bahamas Crisis Centre is conducted through the hard work and dedication of volunteers and has been engaging in this work for the past 40 years under the directorship of Sandra Dean-Patterson,” said Cleopatra Christie, Administrator, the Crisis Centre. “We assist, educate and counsel women and children who experience domestic violence and sexual abuse.”
“The work of the Centre is important and we see it every day from the growing number of clients,” said Christie.”
The upcoming event will recognize Crisis Centre volunteers for their dedicated service over the years. Five volunteers who manage the Crisis Centre’s 24-hour hotline will be honoured, with emphasis on a volunteer who managed the crisis hotline for an extended period, during the COVID-19 pandemic.
“Colina has a long standing partnership with The Bahamas Crisis Centre and are proud to support this event as a silver sponsor,” said Seymour. “In the past, we have stocked the pantry for the holidays and contributed on International Women’s Day, among other partnership projects”.
“We applaud them for their commitment to the cause and look forward to attending the event,” said Seymour.
The Red Carpet Volunteer Reception is scheduled for Friday, November 18 at Balmoral Club. Proceeds from the event will assist the Crisis Centre with ongoing operations.
Shareholders’ equity as at September 30, 2022 totalled $197.4 million and is net of dividend distributions of $1.8 million and $5.9 million to the Class “A” Preference Shareholders and Ordinary Shareholders, respectively.
“The Company’s balance sheet and capital position remain strong and position CHBL to weather uncertainties resulting from mark-to-market fluctuations and claims volatility,” said Hilts.
“CHBL continues to concentrate on strategies that will strengthen its balance sheet and capital position to provide the Company with the flexibility necessary to consistently meet the needs of policyholders and customers within these shifting economic conditions,” concluded Hilts.
About The Bahamas Crisis Centre
The Bahamas Crisis Centre exists to end domestic violence through advocacy, education, and prevention. The Crisis Centre is a non-profit, ideologically independent organization primarily pledged to respond to the needs of all victims of sexual, physical and psychological abuse. The Centre also advocates for legislative and societal protection of survivors and raises public consciousness through education and information.
About Colina Insurance Limited (Colina)
Colina is a diversified financial services company, offering comprehensive life and health insurance solutions. Colina is wholly-owned by Colina Holdings Bahamas Limited (CHBL). CHBL is a Bahamian Company, built on a firm foundation of trust, integrity and responsibility. Colina has evolved over the past 155 years to become The Bahamas’ largest life and health insurer, with a solid reputation for providing insurance and related financial services products that help clients prepare for life’s unexpected events.