http://www.colinaimperial.com/truth From ColinaImperial Insurance Ltd. Tue, 17 Mar 2009 01:05:08 +0000 http://backend.userland.com/rss092 en THE TRUTH: Absolutely not. Our financial strength and stability are solid, and policyholder and shareholder value are well protected. To ensure that our 100,000 clients’ policies are safe with us and that we will always be there when they need us, ColinaImperial follows rigorous Canadian standards for maintaining solvency and holding ... http://www.colinaimperial.com/truth/?p=63 THE TRUTH: On the contrary, ColinaImperial is very much in the black. Our balance sheet is very strong and reveals assets of over $465 million. This shows the financial strength of the Company – strength that allows us to honour our commitments to our clients when they need us most. Further, consolidated ... http://www.colinaimperial.com/truth/?p=60 THE TRUTH: Absolutely not. ColinaImperial does not manage pension portfolios. Despite some reports comparing us to a notorious US pension bankruptcy scandal, we do not manage pension portfolios but have a legal contractual agreement with leading investment and financial analysis firm, CFAL. Like other investment companies, CFAL counsels clients in private banking, ... http://www.colinaimperial.com/truth/?p=58 THE TRUTH: Our size works in your favour. ColinaImperial offers a rock solid foundation. The story of ColinaImperial’s success is unprecedented and unparalleled in the history of the insurance industry in The Bahamas. In ten years, strategic acquisitions transformed four modest insurance branches, totally dependent on foreign parent companies for technical ... http://www.colinaimperial.com/truth/?p=56 THE TRUTH: We have always honoured our commitments. Colinaimperial Insurance Ltd. has 140 years of cumulative experience in the insurance industry in The Bahamas and has been making good on all of its promises in that time. We are obligated to settle all valid claims submitted in accordance with the terms of ... http://www.colinaimperial.com/truth/?p=54 THE TRUTH: This is unthinkable. We have made no loans to any such individual, real or imagined. In fact, the Company reports under International Financial Reporting Standards which would require disclosure of loans that would be unsecured such as the above. We are an insurance Company, not a bank or ... http://www.colinaimperial.com/truth/?p=52 THE TRUTH: Absolutely not. Our code of ethics and our professional staff would never allow it. The principals of ColinaImperial are major shareholders in The Nassau Guardian; however, journalistic integrity prescribes that private entities do not dictate the reporting or non-reporting of news in the national interest. We can’t “stop ... http://www.colinaimperial.com/truth/?p=50 THE TRUTH: Absolutely not true. While a person’s length of employment or salary might have some bearing on a bank’s decision to approve or deny a loan application, we have not received any feedback from the banking industry or our employees to suggest that their employment at ColinaImperial is rated against ... http://www.colinaimperial.com/truth/?p=47 THE TRUTH: ColinaImperial has strong ties to The Bahamas. Through its legacy companies, ColinaImperial has over 140 years of cumulative experience in The Bahamas insurance industry and strong ties to the Bahamian community.   ColinaImperial continues to nurture key community initiatives that we have held near and dear over the years. In ... http://www.colinaimperial.com/truth/?p=46 THE TRUTH: Our restructuring exercise was not merely a “numbers” decision.   Consistent with our strategic plan for organic growth, ColinaImperial began a management and administrative restructuring exercise to enhance our competitiveness in this fast-changing industry. This is a normal exercise for companies in this phase of their growth cycle and, although ... http://www.colinaimperial.com/truth/?p=44