The interim board and management of International Energy Insurance Plc said it had embarked on restructuring of the company’s operations and was strengthening its relationship with brokers.
The Chairman of the board, Mr. Muhammad Ahmad, said this during its broker’s forum in Lagos recently. “The board, which assumed management of the company about three weeks ago, following the dissolution of the former board and the inauguration of the interim board by the National Insurance Commission, has embarked on restructuring of the company’s operations, relationship with brokers as well as investment amortisation,” he stated.
According to the statement, the firm also unveiled its online marine cargo product, meant to assist importers to do business without hassles. It said its focus was to bring stability to the organisation and strengthen its capacity to be able to compete effectively and meet its obligations. He said the company was healthy and had the capacity to meet all its obligations and that the intervention of NAICOM was to protect policyholders, investors and other stakeholders’ interest