Consolidated Hallmark Insurance (CHI Plc) has again been re-appointed into the board of the African Aviation Pool.
CHI's re-appointment was conveyed to the firm during the just concluded 27th annual general assembly of the African Insurance Organisation held in Kigali, Rwanda. The re-appointment was with two other Nigerian insurance companies.
African Oil and Energy and Aviation Insurance Pools were formed by the African Insurance Organisation (AIO) to boost the capacity of oil and energy and aviation insurance, in order to deepen the African insurance market to take up large risks in the volatile oil, energy and aviation insurance sector through capacity building.
The aviation pool has about 37 insurance and reinsurance companies from 14 African countries and underwrites business from a number of African and international airlines.
CHI has been a member of the African Aviation Pool since 2010 in recognition of the key role it plays in the underwriting of aviation risks in Nigeria.
The Managing Director and Chief Executive Officer, Mr. Eddie Efekoha, in his reaction attributed the reappointment to the affirmation of faith in CHI Plc by fellow risk underwriters, not only in Nigeria, but the entire African continent on the company's leadership role in aviation underwriting.
He said the company will not relent in providing the very best services in all areas of general business risks underwriting, including oil and gas through well trained and highly skilled manpower, but will also continue to expand capacity in order to take advantage of favourable policies especially the local content.
Source Daily Trust
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