Colina

What Colina does

Colina Insurance Limited is a diversified financial services company headquartered at 308 East Bay Street, Nassau, The Bahamas, with operations spanning more than 125 years (firmographics list 1993; corporate history references 1900). It operates through Colina Holdings Bahamas Limited (CHBL), publicly listed on the Bahamas International Securities Exchange (CHBL ticker), and reported total assets exceeding $1.0 billion as of Q1 2026.

The company's product portfolio covers life insurance, individual and group health insurance (including the Stellar Care Suite aggregating medical, vision, dental, life, ADD, disability, and critical illness), general insurance (home, auto, marine), retirement and investment management through wholly-owned Colina Financial Advisors Limited (CFAL), and mortgage lending through Colina Mortgage Corporation Ltd. Other wholly-owned subsidiaries include SBL Ltd. and Colina Real Estate Fund Limited. Distribution combines an agent network, a physical branch network across New Providence, Abaco, Exuma, Grand Bahama, and international offices in the Cayman Islands and Turks and Caicos, with self-service digital portals for policy owners, providers, and group administrators.

Revenue is generated through subscription-recurring premiums and recurring financial services fees across consumer and employer/business segments. Pricing is quote-based and risk-adjusted rather than publicly disclosed, with monthly billing for individual life and health lines and annual billing for group plans. Recent strategic moves include the April 2025 acquisition of Saxon, the May 2026 opening of a new state-of-the-art branch at Southwest Plaza (Carmichael Road), and the full adoption of IFRS 17 and IFRS 9 reporting standards.

Name

Colina

Legal name

Colina Holdings Bahamas Limited

Website

https://colina.com

Company type

Public

Founded year

1900

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Colina Insurance Limited is a Bahamas-headquartered, publicly listed diversified financial services company (CHBL on BISX) offering life, health, home, auto, and marine insurance, plus investments and mortgages via CFAL and Colina Mortgage Corporation, serving individual consumers and employer groups across the Caribbean.

Ownership category

akta.pro rank

Product category

Diversified Insurance & Financial Services

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

akta.pro secondary industries

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB), Individual Disability Income Insurance (Non-Group) (FSAIAIAA)

Keywords

• Insurance services
• Wealth management
• Group health benefits
• Mortgage lending
• Retirement planning

Headquarters

HQ city

Nassau

HQ country

Bahamas

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Life Insurance: Life insurance products providing safety nets for beneficiaries, covering final expenses with saving and investment options
2. Health Insurance: Individual and group health insurance plans including medical, vision, dental, life, ADD, disability, and critical illness coverage through Stellar Care Suite
3. General Insurance: Home, auto, and marine insurance providing protection against physical damage, fire, theft, and accidents
4. Investments and Wealth Management: Investment management, financial planning, pension administration and brokerage services through CFAL
5. Mortgages: Mortgage lending services helping customers achieve home ownership with competitive rates

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Colina provides life, individual and group health, and property and casualty (home, auto, marine) insurance, alongside retirement planning, investment management, and mortgage lending. Products are sold to individual consumers, employer groups, and institutions across the Bahamas, Cayman Islands, and Turks and Caicos through agents, branches, and online portals.

Product overview

Colina is a diversified financial services company offering a comprehensive portfolio of insurance and financial products in The Bahamas. The core offerings include Life Insurance, Individual and Group Health Insurance (featuring the Stellar Care Suite covering medical, vision, dental, life, ADD, disability, and critical illness), and general insurance products including Home, Auto, and Marine Insurance. Additionally, Colina provides financial services through its CFAL subsidiary including Retirement planning, Investment management, and Mortgage lending. The company operates as a multi-product insurance and financial services platform serving individual and group/corporate customers.

Differentiator

Problem solved

Functional benefit

Brands

• Stellar Care Suite: A comprehensive suite of group insurance products including medical, vision, dental, life and ADD, disability, and critical illness coverage.

Products and services

• Life Insurance Life insurance coverage providing financial protection to beneficiaries upon the insured's death; offered to individual consumers in the Bahamas and select Caribbean jurisdictions.
• Individual Health Insurance Health insurance coverage for individuals and their dependents, providing access to medical care; offered to individual consumers.
• Group Health Insurance Employer-sponsored group health insurance, including the Stellar Care Suite of group health coverage options, offered to businesses and organizations for their employees with dedicated group-administrator portal support.
• Home Insurance Property insurance for homeowners covering residential properties against perils; offered to individual consumers and homeowners.
• Auto Insurance Vehicle insurance providing coverage for private automobiles; offered to individual consumers and vehicle owners.
• Marine Insurance Insurance coverage for boats and marine vessels; offered to vessel owners in the Bahamas and Caribbean.
• Retirement Planning Retirement planning products and services, including individual retirement savings and group pension/retirement plan options; offered to individuals, employers, and institutions.
• Investments Investment management and advisory services delivered through Colina Financial Advisors Ltd. (CFAL), SBL Ltd., and Colina Real Estate Fund Ltd.; offered to individual and institutional clients.
• Mortgages Home mortgage lending provided through Colina Mortgage Corporation Ltd. (CMCO); offered to individual consumers purchasing residential property.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered minor and core.

• R.E.A.C.H (Resources & Education for Autism and related Challenges)minorGTM or Marketing Partner · 25 April 2026Colina Insurance Limited served as presenting sponsor of R.E.A.C.H's Annual Fun Run Walk held at Montagu Beach, supporting autism awareness and resources in The Bahamas.
• The Bahamas Kidney AssociationminorGTM or Marketing Partner · 28 March 2026Colina Insurance Limited was recognized with The Bahamas Kidney Association's 2026 Corporate Sponsor Award at its inaugural Emerald Soirée for contributions to the organization's mission.
• Medical Association of The Bahamas (MAB)minorStrategic or Co-development Partner · 25 March 2026Colina's COO Marcus Bosland participated as a panelist at MAB's 54th Annual Scientific Conference, addressing AI in healthcare and representing the insurance industry's perspective on healthcare innovation.
• Insurance Commission of The BahamascoreStrategic or Co-development Partner · 27 February 2026Colina supported and participated in the Insurance Commission's Women in Insurance 2026 Leadership Conference, with VP Sapna Chatlani sharing insights at the event.
• Huda BeautyminorGTM or Marketing Partner · 27 June 2025Colina Group organized Huda Beauty's rebrand and new product launch event called Blur Labs in New York City, with fabrication support from Pinpoint. The event featured custom-designed environments and interactive displays that generated significant industry buzz for the beauty launch.
• Cancer Society of The BahamasminorGTM or Marketing Partner · 12 January 2025Colina Insurance Limited continued its commitment to health and wellness as Presenting Sponsor for the Cancer Society of The Bahamas' 6th Annual Charity Golf Tournament.
• Ministry of Education & Technical & Vocational Training (The Bahamas)minorOthers · 11 December 2024Colina Insurance Limited donated over 350 copies of former Prime Minister Hubert Ingraham's books (Volumes 2 and 3) to the Ministry of Education, supporting literacy and education initiatives.
• The Bahamas AIDS FoundationminorGTM or Marketing Partner · 2 November 2024Team Colina attended the 28th Annual Red Ribbon Ball supporting The Bahamas AIDS Foundation at Atlantis Resort, Paradise Island.
• Royal Bahamas Defence Force (RBDF)minorOthers · 11 October 2024Colina donated 40 ballistic helmets from Galvion to the Royal Bahamas Defence Force, supporting national security efforts.
• CIBC First CaribbeanminorGTM or Marketing Partner · 5 October 2024Colina served as bronze sponsor for the 2024 CIBC First Caribbean Walk for the Cure, supporting cancer treatment, care, and research efforts across the Caribbean region.
• Reach Out Youth Organization (ROYO)minorOthers · 13 September 2024Colina partnered with ROYO to help children prepare for the new school year by providing backpacks and school supplies to over 1,000 children at their back-to-school event in Freeport, Grand Bahama.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• British Caribbean Insurance Company: Bahamas-based general insurer focused on home, auto, and commercial lines within the local market. Direct regional competitor in property and casualty products.
• Guardian Group: One of the largest Caribbean insurance and financial services groups, offering life, health, pensions, and general insurance across multiple territories. Closest large regional comparable in product breadth, geographic footprint, and target customer segments.
• CG Atlantic Life (Colonial Group International): Caribbean life, health, and wealth provider operating across multiple English-speaking islands. Direct competitor in individual life, health, and group benefits in the region.
• Bahamas First Holdings: Largest Bahamian-owned general insurance group, offering property, motor, marine, and related coverage in The Bahamas. Directly comparable multi-line P&C platform competing for the same Bahamian policyholders as Colina General Insurance.
• Sagicor Life: Major Caribbean life, health, and pensions insurer with regional offices including The Bahamas. Directly competes in life and group health lines and has a similar long-standing Caribbean heritage.
• NAGICO (National General Insurance Corporation): Caribbean-domiciled general insurer writing property, motor, marine, and liability across multiple islands. Comparable in the P&C lines Colina distributes, including marine and homeowner coverage.

Regional players

• Insurance Company of the Bahamas (ICBL): Bermuda-incorporated insurer with Caribbean focus. Competes in regional specialty and reinsurance-adjacent lines relevant to Colina's general and marine insurance.

Others

• Aon Bahamas: Global insurance brokerage with a Bahamas office. Functions as an intermediary that places business with carriers such as Colina; relevant ecosystem participant influencing Colina's distribution and competitive set.

Broad incumbents

• Sun Life Financial (Caribbean operations): Global insurance and wealth leader with significant Caribbean life and health operations. Larger incumbent competing in the same life, health, and retirement segments as Colina/CFAL.
• RBC Insurance (Caribbean): Insurance arm of a major Canadian bank with Caribbean distribution. Overlaps Colina in life, health, and creditor insurance sold through bank channels in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/colina-insurance-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Colina