The Executive Chairman of Ivory Finance Company Limited, Emmanuel Adu Sarkodee described claims that SIC Insurance Company Limited has paid GHC91 million to Ivory Finance as refund of loan SIC guaranteed for a real estate company as not true.
Category: Insurance
OPIC Approves $700M for Insurance Projects in Africa, Others
The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $700 million in new financing and insurance to support four projects.
Malawi to receive $8 Million Insurance Payout from African Risk Capacity
The African Risk Capacity Insurance Company Limited (ARC Ltd) is processing an insurance payout of approximately USD 8.1 million to the Government of Malawi to support its response to the drought which resulted from the poor 2015/16 agricultural season.
ATI Looks to Ease Investors’ Concerns
African Insurance Agency, ATI has a current project pipeline estimated at over one billion USD, which is expected to double in the short-term based on existing demand for its products in Ethiopia and Zimbabwe.
SSP Marks Major Successful Year
SSP (SSP-Worldwide.com), a leading global provider of general insurance technology systems and solutions, continues to expand its African insurer customer base, and is delighted to announce one go-live and four new deals so far in 2016.
Ghana: Major Insurance Companies to lose Licenses
10 indigenous insurance companies are of risk losing their licenses if they fail to meet the new minimum recapitalization requirement set by the Nation Insurance Commission (NIC).
Old Mutual Appoints new Finance Director
Old Mutual today announced the appointment of Iain Williamson as the new Finance Director of Old Mutual Emerging Markets (OMEM) with effect from 1 August 2015.
Old Mutual Insures Ecobank Customers
Old Mutual, a major player in the financial and insurance industry in Ghana, is to insure customers of Ecobank Ghana, following an agreement between the two firms.
IMF Gives $700 Million Insurance Package To Kenya
The IMF Executive Board has approved a financing package for Kenya of about $700 million that the East African country’s authorities plan to use as insurance against external shocks.
South Africa’s Hollard Takes over Ghana’s Insurance Giant
IVM Intersurer, which owns a significant stake in Hollard Insurance, has bought majority shares in Ghana’s Met Insurance.