OLD Mutual, a leading international long term savings, banking and investment group, has rebranded Ghana’s Provident Life Assurance to Old Mutual Ghana Limited over the weekend.
This follows the Group’s acquisition of Ghana’s Provident Life Assurance in 2013.
Speaking at the launching ceremony in Accra, a former Group CEO of Old Mutual Zimbabwe and who was representing Old Mutual Africa, Luke Ngwerume at the event promised that the company would leverage the global experience and financial solidity of its parent group and combine with local insights and well-earned reputation of Provident Life to provide new standards of life insurance products and services in Ghanaian insurance industry.
He noted: “The entry of Old Mutual into Ghana is in line with our priorities for 2014 and beyond. These priorities are to build an African financial services champion and become the recognised financial services leader in responsible business in all of markets”.
The Acting CEO, Old Mutual Ghana, Mrs Nicolette Hendricks, assured Ghanaians: “Drawing on 169 years of experience, global expertise and an unwavering focus on the financial needs of our customers, Old Mutual has come to Ghana to offer relevant and meaningful life insurance and saving products.
In doing so, we will change way individuals perceive life insurance and the way they patronise it”.
A Deputy Minister of Finance, Mrs Mona Quartey advised Old Mutual Life Assurance Ghana Limited and all foreign insurance firms in the country to pay particular attention to rules and regulations in their operations for mutual benefit.
She congratulated the Old Mutual Plc for the bold step of acquiring Provident Life Assurance and turning it to the Old Mutual brand in Ghana.
To this Mrs Quartey urged the company to forge ahead and set higher standards for itself to enable it succeed in the country’s competitive insurance industry.
The Commissioner of the National Insurance Commission (NIC), Ms Lydia Bawa said she was delighted to see Old Mutual bring on board its micro-insurance experiences from South Africa and other jurisdictions to help improve access to insurance in Ghana.
Instructively, Old Mutual offers investment management and innovative life assurance based solutions, addressing both protection and long term savings needs.
The Group also offers asset management and selects investment vehicles through which customers can invest in order to grow their wealth.
Old Mutual has a majority shareholding in Nedbank, one of Africa’s biggest banks, offering a comprehensive suite of banking and selected financial services solutions to customers in Southern Africa. The Group has businesses in Africa, North and South America, Asia, and Europe.
Headquartered in London, UK, Old Mutual currently serves over 16 million customers around the world, and has about 57,000 employees with 293.8 billion pounds under management as at the end of 2013.
African Eye News.com
