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Business News of Wednesday, 10 May 2017

Source: The Finder

RegencyNem, MD pick up awards

THE recently-merged insurance company, RegencyNem Insurance, has been awarded with ‘Best Corporate Finance Deal of the Year’ at the 4th Business Executive Excellence Awards 2017 held in Accra.

The company’s Managing Director (MD), Mr Bode Oseni, was also adjudged ‘CEO of the Year (Insurance)’ at the same awards.

It would be recalled that in October 2016, erstwhile Regency Insurance and NEM Insurance merged to form RegencyNem Insurance to meet the new minimum capital requirement for insurance companies of GH?15 million.

It was the first merger in Ghana insurance industry. The MD of the newly-merged company was also commended for his role in the historic merger between the two insurance companies.

Debbie Lartey, a Senior Executive at RegencyNem Insurance, received the award on behalf of the company’s MD, Mr Bode Oseni. The theme for the Awards was: ‘Positioning to Take Advantage of Expansionary Macro Economic Policy’.

Some 24 other companies and individuals were also honoured, including SIC Life, Steelco Ghana, Amen Scientific Herbal Hospital, Holy Trinity Spa & Health Farm, Alutrade, Frimps Oil, Equity Insurance, and Pree-Prez.

The rest are: Everpack, Transatlantic Services, Azar Chemicals, Vodafone Ghana, Enterprise Life, Delta Airlines, Chocho Industries, Omni Bank, McDan Shipping, BAJ Freight and Logistics, Imani Ghana, B5 Plus, Subah Infosolutions, TT Brothers and DPS International were the remaining awardees.

Explaining the rationale behind the Awards, Member of the Awards Committee, Toma Imirhe, said the Business Executive Excellence Awards was conceptualised in 2014 to recognise individuals and companies in Ghana whose corporate conduct, performance and achievements are exemplary.

He said most annual awards scheme in Ghana are industry and those that cut across sectors are overly exclusive and also tend to focus on the same few companies recognised each year.

“Our awards scheme, on the other hand, considers enterprises and institutions of various sizes - large medium and small. Indeed, our primary consideration is the quality of each business operation, rather than the size,” Mr Imirhe added.