SIC Insurance Plc. is one of the oldest non-life insurance companies in Ghana. It traces its roots to the year 1955, when the Gold Coast Insurance Company was established. It was renamed Ghana Insurance Company in 1957, when Ghana attained independence. In 1960, Ghana Insurance Company which was primarily a life assurance company, set up a subsidiary company – Ghana General Insurance Company (Ghana General) to underwrite fire and motor businesses.
The Government of Ghana in February 1962, per an Executive Instrument, took over the Ghana Cooperative Insurance Company and reconstituted it into the State Insurance Corporation to await the completion of takeover negotiations with Ghana Insurance Company and its subsidiary Ghana General. Subsequently after a successful takeover of the two private companies – Ghana Insurance and Ghana General – the new company, State Insurance Corporation, commenced business in November, 1962.
In 1995, State Insurance Corporation was converted into a public limited liability company as part of the Government of Ghana’s divestiture programme. The company became known as State Insurance Company of Ghana Limited with the Government of Ghana as the sole shareholder. The State Insurance Company of Ghana Ltd. took over all the business assets and liabilities of the State Insurance Corporation of Ghana. By a special resolution passed on 22nd October, 2007 the name of the Company was changed to SIC Insurance Company Limited.
In accordance with the provisions of the current insurance legislation, the Insurance Act, 2006, SIC has duly separated its general business from the life business with the incorporation of SIC Life Limited. By a special resolution, SIC transferred the life business and assets to SIC Life Limited and in consideration of that 80,000,000 ordinary shares were issued to the Government of Ghana.
Company Details
- Employees
- 174
- Founded
- -
- Address
- Accra, Gh
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- https://www.sic-gh.com/
- Keywords
- Vacancies in Ghana.
- HQ
- Accra
Sic Insurance Plc Questions
Sic Insurance Plc's website is https://www.sic-gh.com/
Sic Insurance Plc's LinkedIn profile is https://gh.linkedin.com/company/sic-insurance-plc
Sic Insurance Plc has
174 employees.
View email and phone details for 174
employees at Sic Insurance Plc.
Sic Insurance Plc's industry is
Insurance
Sic Insurance Plc's top competitors are
Vacancies In Ghana,
Enterprise Group Ghana,
Fidelity Bank Ghana,
Kasapreko Plc,
Sic Insurance Company Limited,
Hollard Ghana (Hollard Insurance & Hollard Life Assurance),
Calbank Plc,
Enterprise Insurance,
Sanlamallianz Ghana,
Serene Insurance Company Limited.
Sic Insurance Plc's categories are Insurance
Sic Insurance Plc's founding year is 1962
