GN Reinsurance chalks 1yr



GN RE LOGOGN Reinsurance, a member of Groupe Nduom (GN), is one year old.

Speaking to Today ahead of their one-year anniversary on Friday, October 17, 2015 from their East Legon headquarters, Chief Executive Officer (CEO) of GN Reinsurance, Mr. Joseph Kusi-Tieku, could not hide his excitement about the successes chalked by his outfit within a year.

Some of the achievements of GN Reinsurance, he disclosed, include payment of a whopping GHC1.2 million claims to some of the June 3 twin disaster victims, sponsoring a two-day conference on power plant and a full sponsorship his outfit gave to the National Insurance Commission (NIC) at its breakfast meeting.

Others, he said, were sponsorships his outfit again gave to West Africa Insurance Association (WAIA) and Ghana Brokers Insurance Association (GBIA) conferences held in Accra and Elmina respectively.

However, he was quick to admit that the journey had not been easy for the past one year, noting that as a new company they needed to work hard.

The CEO of GN Reinsurance said after the launch of the company last year, management decided to sell the brand (GN Re) to the public as that was the only way the company could break into the insurance industry.

That, according to Mr. Tieku, culminated in the successes of the company in just a year.

“And we owe these successes to dedicated and committed board of directors, management and staff who gave out their best to ensure that the company survived in its one-year of existence.

“We accepted the challenge to work hard so as to push the company forward and the result is what we are all witnessing today though we still have a lot to do in the coming years,” he affirmed.

He pointed out that the speed and professionalism of which his outfit worked with, coupled with its quick response to queries, also played a major role in their survival over the year.

When asked on the scale of ten how he would rate his company, he said eight.

He said the vision of the company is to position itself well so as to become the number one global reinsurance company.

“It is our target to develop a world class insurance company which will serve the interest of our people and beyond,” he indicated.

Nonetheless, he lamented the lack of interest in the local content of the insurance industry which situation, he said, has allowed the exportation of premiums.


Source: Ghana/ KWAKU BOADI

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