Ceylinco Life, Swiss Re build homes for tsunami victims
CSR PROJECT: Ceylinco Life has collaborated with one of the world's
biggest reinsurers to give 16 families who lost their homes in the
December 2004 tsunami a new lease of life.
Swiss Re of Zurich, Switzerland, financed the construction and
furnishing of new houses on a block of land purchased for the purpose in
the southern resort town of Kosgoda. The project was coordinated and
executed by Ceylinco Life.
The 16 housing units in four blocks are serviced by a 30-foot access
road and have been provided with electricity, pipe-borne water and all
necessary amenities, including a children's playground. The houses were
presented to the recipients at a ceremony attended by Peter Newall, Head
of Claims and Liability Management of Swiss Re Hong Kong, and senior
management of Ceylinco Life.
"We were happy to assist Swiss Re with this project, and were most
encouraged by the interest and commitment of the company to contribute
to our CSR efforts," Ceylinco Life's Chief Executive Director R.
Renganathan said.
He said Ceylinco Life had also built new houses, renovated damaged
ones and donated fishing boats to tsunami victims in the Trincomalee
area under the same project.
Peter Newall, Head of Claims and Liability Management of Swiss Re
Hong Kong said his company planned to open an Asian regional office
soon, and increase its commitment to the region with projects of this
nature.
"We are very happy with the work that has been done by Ceylinco Life
for tsunami victims in this country," he said.
Swiss Re is the main reinsurer of Ceylinco Life. |