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Business News of Tuesday, 7 May 2013

Source: Samuel Ohene

SIC insurance appoints 2 new executives

In a quest to strengthen its leadership and offer better quality service to its numerous clients, the nation’s premier insurer, SIC Insurance has appointed a new Managing Director and a Deputy Managing Director (Technical).

They are Mrs. Doris Awo Nkani, Managing Director and Mr. Kwei Mensah Ashidam, Deputy Managing Director (Technical) who join Mr. Musah Abdulai, Deputy Managing Director (Finance and Administration) to form the new Executive Management team.

Mr. Kwei Mensah Ashidam is the new Deputy Managing Director (Technical) of SIC Insurance. Before his appointment, he was the Acting General Manager (Technical) and the Head of Re-insurance.

He brings on board over 29 years of experience in the insurance Industry. Previous positions he has held include Head of Fire Department, Area Manager for Tema, Executive Assistant to the Managing Director, and Head of Risk Management.

His areas of expertise include Fire Insurance Underwriting, Adjustments of Property Insurances, Reinsurance and Oil & Gas Insurance. Mr. Ashidam serves on the Boards of Ghana Tourist Development Company and Bedrock Venture Capital Limited.

He holds a Bachelor of Science Degree in Mathematics from the Kwame Nkrumah University of Science and Technology (KNUST), Kumasi, a post-graduate Diploma in Marketing from CIM, UK, and a Diploma in Insurance from the West African Insurance Institute, Gambia.
He is a fellow of the Chartered Institute of Insurance, UK, and the Insurance Institute of Ghana (IIG), as well as a foundation member and lecturer for various courses previously organized by the Insurance Institute of Ghana, now the Ghana Insurance College.

Mrs. Doris Awo Nkani, the new MD, is a Chartered Insurer and a fellow of the Insurance Institute of Ghana (IIG). She is a lawyer and has held several top positions in the insurance industry.
Prior to her appointment as Deputy Managing Director (Technical) at SIC Insurance, she was the Managing Director of Phoenix Insurance Company Limited, where she helped to re-position the Company.

She had headed various departments at SIC Insurance, including Underwriting, Claims, Legal and Marketing. Mrs. Nkani was also the Tema Area Manager of the company with oversight responsibility over operations at Tema, Koforidua, Aflao and the Ho branch offices.

Currently, she is the President of the Bureau of Guarantors of the Inter State Road Transport (ISRT) Association of ECOWAS, a sub-regional association which focuses on deepening traffic flow along the interstate corridors of the ECOWAS region.
She is also an Executive Council member of the West African Insurance Companies Association (WAICA) and member of the Governing Council of West African Insurance Institute.
She serves on the Management Board of SIC Life, Novotel and the Superannulations Management Committee of the Ghana Atomic Energy Commission.

She holds an LLB (Hons) from the University of Ghana, Legon and a BL from the Ghana Law School. She is a member of the Chartered Institute of Insurance, UK and the Chartered Institute of Marketing, Ghana.

Mr. Musah Abdulai, on the other hand, was appointed the Deputy Managing Director in-charge of Finance and Administration in December 2011.

He is a Chartered Accountant by profession and member of the Institute of Chartered Accountants, Ghana. Before his appointment, he had worked diligently in several capacities in the Finance department, rising through the ranks from Head of Accounts to the Financial Controller and finally, the General Manager Finance in 2010.

Mr. Abdulai attended the University of Ghana, Legon and holds a BSc. (Accounting Option). He also holds an MBA (Finance) from the university’s Business School and has expertise in Project Analysis, Financial Restructuring, Management, Project Design, Implementation and Management, and Policy and Institutional Reform.

He served on the Management Boards of NTHC and Ghana News Agency. Currently, Mr. Abdulai serves on the Boards of SIC financial Services Limited and SIC Life Trust Limited.

Speaking to newsmen in an interview, Mrs. Doris Awo Nkani noted that, as a dynamic organization, SIC Insurance was focused on improving its services to satisfy all its stakeholders and the country as a whole.

She added:“Our strength has made us the preferred insurer for individual and corporate clients seeking premium insurance and related services. Our core values remain Professionalism, Trust, Relationship Building, Respect and a high Sense of Urgency, which drive our operations.

SIC has over 50 years experience in delivering excellent and quality insurance products and services to numerous and varied customers in the country and beyond.
As a full-service general business insurance entity, the company provides motor, fire, marine, aviation and general accident services, as well as specialized policies to clients such as government, financial institutions, multinationals, international organizations as well as small and medium scale businesses”, she said.

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