Richard Letarte

Director

Richard Letarte joined the Board of Directors of Colina Holdings Bahamas Limited (CHBL) and Colina Insurance Limited (CIL), effective May 18, 2023. Mr. Letarte is an innovative and strategic President and Chief Executive Officer for Munich Reinsurance Company in Canada with responsibility of creating a new North American Insurance start up that generates new and sustainable sources of income for the Company. He has served as the Vice President for the Montreal Office, as well as Senior Vice for Group Reinsurance. He was also the past President for the Audit Committtee of Institut de Réadaptation and, past Chairman of the Board, for Group Health, Group of Companies. He has an Actuarial degree from Laval University (Université Laval) and is a Fellow of both the Canadian Institute of Actuaries and the Society of Actuaries. Mr. Letarte’s innovative ideas has emanated many successful accomplishments for Munich Re, including acquiring a TPA and growing it from $400M to $1B of premiums under management and, building an innovating and fully digital Insurance Company to sell individual insurance digitally.