CCI Annual Report 2012 - Catholic Church Insurance

2
Content
Corporate Information 3
Company Profile 5
Highlights of the Year 2012 7
Vision, Mission, Values 7
Management 8
Chairman’s Report 9
Corporate Governance 13
Statement
A Centenary In Print
In April 2009 historian and writer, Jane Mayo Carolan was
commissioned to write the history of Catholic Church
Insurances (CCI) dating back to its establishment in 1911. A
challenging undertaking, Jane was charged with the task of
researching and writing not only the story of the company,
but also of its unique relationship with our Church.
What followed was a journey Jane herself describes as “a
pilgrimage and a spiritual experience”.
The initial plan to compile a simple history of CCI quickly
grew when the Board suggested linking the company’s
history with the events of our Church over the same period
to make for a more interesting and compelling read. While
the objective was not to write a history of the Church,
the close bond between Church and its company is well
reflected in the pages.
Having made this decision, Jane’s challenge became even
greater, now involving research of not just the company, but
more than 100 dioceses, congregations and Church entities.
Each of our current 89 shareholders is featured in some
manner in the text.
Days, weeks and months of research followed. Jane was
most resourceful and left no dusty folder unopened and no
question unanswered in her quest for information about the
Church, the company and the close bond between the two.
The final result, printed in two volumes, traces the journey
Catholic Church Insurances Limited ANNUAL REPORT 2012
Chief Executive Officer’s 15
Review of Operations
Directors’ Report 19
Auditor’s Independence 24
Declaration
Financial Statements 25
Directors’ Declaration 68
Independent Auditor’s Report 69
of the company over the last 100 years and pays tribute
to the people and entities involved in its establishment and
continuing success.
Committing the company’s unique story to print is a great
achievement of which we are extremely proud. A copy of
both volumes of the book, signed by Directors and the
Executive Group, has been placed in the company’s time
capsule to be opened in 50 years.