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