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