Anchor Insurance settles N23m claims

MD Anchor Insurance Company Limited, Mr. Ademayowa Adeduro

MD Anchor Insurance Company Limited, Mr. Ademayowa Adeduro

ANCHOR Insurance Company Limited has again made good its promise and commitment to prompt settlement of genuine claims.

The company recently made a payment of N23 million to Niger Delta Power Holding (Sapele Power Plant), within three days of receipt of discharge voucher.

This payment was made to indemnify Niger Delta Power Holding for a claim that occurred as a result of electronic fault leading to arcing and fire in the main generator and subsequent explosion and fire in main transformer and Gas Turbine unit at its Sapele Power Plant.

A statement that was issued by the Company’s spokesperson, Mr. Kehinde Olaniyi confirmed that, the payment of this claim has indeed demonstrated the company’s willingness to support the Federal Government’s drive in revamping the power sector.

He added that insurance played a key role in sustaining the power infrastructure so as to ensure adequate, efficient and constant generation and distribution of power in the country.

It will be recalled that, the company recently settled a huge claim to the tune of N44 million within 48 hours for one of its clients in the transportation sector and this has equally assisted business continuity for the client.

He re-emphasized that Anchor Insurance company is adequately capitalize with multi-disciplinary management who has expertise in handling power and energy insurances backed by robust and solid technical partnership with leading Reinsurance Underwriters and Reinsurance Brokers both locally and internationally.

Prompt settlement of genuine claims has been our culture and this we intend to keep doing so as to give confidence to the insuring populace and create more awareness for insurance culture in Nigeria.

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