Wapic Insurance Plc (the “Company”) announces the resignation of Executive Directors Mr Oyebode Ojeniyrand Mr Olufemi Obaleke who, have resigned their positions from the Company and the Board with effect from 29th January 2020 following the expiration of their contracts of employment.

Mr. Ojeniyi served as the Executive Director in charge of Sales and Distribution since January 17, 2014 while Mr. Obaleke has overseen the Public Sector and Wapic’s Northern region since January 17, 2018. . Both Mr. Oyebode Ojeniyi and Mr. Olufemi Obaleke have made strong contributions to the Company in its strategic planning and growth and they leave with the Company’s appreciation.

About Wapic Jnsurance PLC

Wapic Insurance Plc is engaged in the business of underwriting life and non-life insurance risks, and also issues a portfolio of investment contracts products. The Company is engaged in the provision of various classes of insurance services, such as general accident, fire, motor, engineering, marine insurances and life assurance businesses for the risk management of businesses and individuals. The Company also transacts insurance business for-aviation, oil and gas; ‘and other special risks. The Company’s segments include General Business and Life Business. The .Company’s General Business segment includes Wapic Insurance Plc and Wapic Insurance Ghana Limited.

The Company’s Life Business segment includes Wapic Life Assurance Limited. Wapic Insurance Plc and Wapic Insurance Ghana Limited include general business insurance transactions with individual and corporate customers. Wapic Life Assurance Limited includes life insurance policies with individual and corporate customers.

 

MARY AGHA
COMPANY SECRETARY