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Public Notices

PUBLIC NOTICE

The National Insurance Commission (NIC) has in accordance with Section 88 of the Insurance Act 2021 (Act 1061) approved an application for a merger of Phoenix Life Assurance Company Limited and Ghana Union Assurance Life Company Limited.

Upon successful implementation of the merger, the name of the merged entity will be Ghana Union Assurance Life Company Limited. All policyholders of Phoenix Life Assurance Company Limited whose policies have not expired, will become policyholders of Ghana Union Assurance Life Company Limited.

Issued for the attention of the Policyholders and the General Public.

25th March 2022


Re: Mandatory ‘Akwaaba’ Insurance

It has come to the notice of the National Insurance Commission (NIC) that a publication on the above-mentioned product which is purported to be mandatory for all international travelers arriving in Ghana effective end of first quarter 2022 is being circulated.

The NIC wishes to advise the general public that the said ‘Akwaaba Insurance’ has not been approved by the Commission and as such any publication to that effect should be disregarded.

Thank you.

Issued by: The Public Relations Unit
25th January, 2022


Appointment Of Statutory Manager For Regencynem Insurance Limited

The National Insurance Commission imposed supervisory restrictions on RegencyNem Insurance Ltd. since 19th April, 2021 following some regulatory breaches which the firm has not been able to resolve. In line with the Commission’s mandate under the Insurance Act 2021 (Act 1061) to protect the interest of past, current and prospective customers of the company, it is hereby announced for the information of the general public that Ms. Dzidzorli Adzo Asafo has been appointed as the Statutory Manager of RegencyNem Insurance Ltd with effect from 12th August 2021, in accordance with Section 99 of the Insurance Act 2021(Act 1061).

In accordance with the Insurance Act 2021 (Act 1061) the Statutory Manager shall exercise the powers of the shareholders and directors, and shall have control of and manage the business, assets, liabilities and affairs of RegencyNem Insurance Ltd.

Issued by the Commissioner of Insurance
12th August, 2021


Appointment Of Statutory Manager For Heritage Energy Insurance Company Limited

The National Insurance Commission imposed supervisory restrictions on Heritage Energy Insurance Company Ltd. since July 2019, following some regulatory breaches which the firm has not been able to resolve. In line with the Commission’s mandate under the Insurance Act 2021 (Act 1061) to protect the interest of past, current and prospective customers of the company, it is hereby announced for the information of the general public that Mr. Richard Okyere has been appointed as the Statutory Manager of Heritage Energy Insurance Company Ltd with effect from 22nd July 2021, in accordance with Section 99 of the Insurance Act 2021(Act 1061).

In accordance with the Insurance Act 2021 (Act 1061) the Statutory Manager shall exercise the powers of the shareholders and directors, and shall have control of and manage the business, assets, liabilities and affairs of Heritage Energy Insurance Company Ltd.

Issued by the Commissioner of Insurance
22nd July, 2021