Economics and Business

Ghana Reinsurance Marks 50th Anniversary With Awards To Insurance companies In Their Business Space

The Managing director of Ghana Reinsurance Company Mr. George Yaw Mensah says Ghana Re has undergone a remarkable transformation from a humble beginnings as a unit in the then state corporation now SIC, PLC Reinsurance support to the insurance industry in Ghana, Africa and beyond.

During the 50th Anniversary dinner awards night, “The Cedent Awards Night” he stated that, the flagships Anniversary and dinner awards night is to reward clients who have contributed to the financial growth in 2021 and also celebrate the 50th milestone under the theme ” celebrating 50 years of GhanaRe as African Reinsurance of choice.

According to him, 50years ago, October 1st 1972, GhanaRe was set to provide Reinsurance support and other services to the industry players and major role in the social economic development of the country.
He added that, GhanaRe paid a dividend of 12million Ghana cedis to the government of Ghana during it turbulence years in the year 2021.

Marking the anniversary, the criteria for the awardee was based on the contribution to the growth of GhanaRe.

Below are the insurance entities that picked awards on the night.

Broker Business Category

2nd runner up for 2021 financial broker business category went to Jordans global reinsurance brokers

1st runner up – Afro Asian reinsurance brokers Ghana limited

Broker of the year 2021 -KEK reinsurance brokers limited

2nd category “life business”

Special awards had a prize of 2000 dollars

*Old mutual life assurance limited

*Prudential life insurance Ghana

*Ghana Union assurance life company limited

*First insurance company limited

2nd runner up position for the life business category had a price of 3000 USD

*SIC life PLC

*1st runner up – Enterprise life assurance limited Ghana

The cedent of the year 2021 for the life business category comes with a price of 10,000 USD

*metropolitan life insurance company

The general business category 2021

Special Awards;
*Allianz insurance business company Ghana

  • SIC insurance PLC
  • Ghana Union assurance company Limited

*Unique insurance company limited

The Cedants of the year

2nd runner up- Provident insurance company limited

1st runner up position with a price 5000 USD

*1st runner up – Hollard insurance Ghana limited

Cedants of the year

Enterprise insurance company limited – winner

About Ghana Reinsurance :

Ghana Reinsurance PLC (Ghana Re) commenced operations in 1972 as the Ghana Reinsurance Organization, and was incorporated as a Limited Liability Company on June 16, 1995.

Ghana Reinsurance Company PLC is the biggest and first Reinsurance Company floated in Ghana. It has grown to become one of the largest in Africa and the sub-region, Catering for more than three hundred (300) customers within the African sub region.

With our Corporate Headoffice in Ghana, Ghana Reinsurance PLC have strategic offices in Kenya, Morocco and Cameroon. We are strategically positioned to provide reinsurance support to all African market

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