Enterprise Insurance Company - Ghana
InsuranceEnterprise Group was incorporated on 24th November 2008 and is the holding company of the Group. The original entity was Enterprise Insurance Company, established in 1924 and is the oldest insurance company in Ghana. It was listed on the Ghana Stock Exchange (GSE) in 1991 as the first insurance company to be publicly listed in Ghana.
Following a restructuring of the Group in 2010, Enterprise Group was incorporated to become the holding company and was listed on GSE in place of Enterprise Insurance which was subsequently delisted.
Related: Top Insurance Companies In Ghana
Subsidiaries
The Enterprise Group has entered into a new strategic partnership with Black Star Holdings Limited (BSHL) to replace Sanlam Emerging Markets. Black Star Holdings Limited (BSHL) is a wholly owned subsidiary of Leapfrog Strategic African Investments (LSAI), which is a separate account managed by Leapfrog Investments, and in which Prudential Financial, Inc., USA (PFI) is the primary investor.
Under the transaction, BSHL has acquired Sanlam's stake in the three subsidiary companies of Enterprise Group: Enterprise Insurance, Enterprise Life, Enterprise Trustees as well as Enterprise Properties.
Enterprise Insurance is the largest private insurance company in Ghana and is currently the highest ranked general insurance company in the Club 100 listing. It was the first insurance company to be listed on the Ghana Stock Exchange.
The Company has won many awards over the years including CIMG’s "Insurance Company of the Year" in 2014 and 2015, and the Gold award in the Business and Financial Services Excellence awards. It is currently rated in Category ‘A’ by Global Credit Rating of South Africa, for Claims Paying Ability.
Its strength in claims payment was confirmed in the aftermath of the unfortunate Accra floods of 3rd June, 2015 for which the Company paid approximately GHS 70m in claims within weeks of the sad event. That notwithstanding, the Company was nevertheless able to deliver Underwriting Profit for 2015, a confirmation of its formidable reinsurance structure. Read More...
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Enterprise Life, is Ghana’s leading life Insurance company a position it attained in 2015 after fifteen years in business , the highest ranked insurance company and leader in the financial services sector according to the Ghana Club 100 rankings (2014).
Enterprise Life offers affordable life changing solutions, including the newly Enhanced Funeral Finance Plan and The Family Income Protection Plan, amongst an assortment of innovative and tailor-made products and services.
Currently, Enterprise Life has a presence in the Gambia. Read More...
Enterprise Trustees is the Group’s pensions subsidiary. It is licensed by the National Pensions Regulatory Authority under the National Pensions Act, 2008 (Act 766) as a Corporate Trustee to administer Tiers 2 and 3 Pensions Schemes.
The Company ranks among the biggest pension administrators in Ghana with a portfolio of over 27 schemes (including Employer Sponsored, Master Trust and Personal Pension Schemes) worth over GHS 690M. Read More...
Enterprise Properties ensures the Group's assets are put to the best and most efficient use, providing facilities that meet the strictest international standards while making a good return on investment for shareholders.
Its maiden project was Enterprise Gardens in Roman Ridge, a project undertaken jointly with Taysec Construction.
Its current project is a 14-floor office complex located on 7th Avenue, Ridge West, Accra.
Enterprise Properties is wholly-owned by Enterprise Group. Read More...
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