Guinea Insurance gets NIPEX certificate to insure oil, gas businesses

Guinea Insurance gets NIPEX certificate to insure oil, gas businesses

Thursday, June 19, 2014 12:49 pm

Lagos – Guinea Insurance Plc on Thursday announced that the Nigerian Petroleum Exchange (NIPEX) has certified the company to undertake Oil and Gas businesses.

The company said this in a statement by its Team Lead, Corporate Services, Mr Ufot Hanson, and made available to newsmen in Lagos.

According to the statement, the company was given a clean bill of health to handle large accounts after NIPEX successfully concluded a pre-qualifications audit of the company.

“The NIPEX certificate affirms the company as a viable player in the industry as well as attest to its capacity to take on mega oil and gas business.

“This is as a result of its strategic re-engineering initiatives which are beginning to yield result.

“This is also coming as the company rejoins the Africa Insurance Organisation (AIO) at its just concluded 41st General Assembly,” it said.

The statement said that rejoining AIO would avail the company the opportunity to subscribe to the African Oil & Gas and Aviation pool.

It said Mr Polycarp Didam, the Managing Director, stated that being AIO full member would give the company an opportunity to participate in its Energy and Aviation pools in Africa.


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