Consolidated Hallmark Insurance Plc was birthed from a strategic merger in 2007, and the company asserts that it has become one of the ten general business and special risks insurance underwriters in Nigeria.
As part of its establishing remarks, the company flaunts that it has for over thirteen years carved a niche through big-ticket transactions in the aviation, oil and gas, marine cargo and hull business as well as motor insurance business.
The general insurer’s focus to deliver more after closing the financials in 2020 stems from its optimism that future operating results would be significantly improved upon “as the macro economic environment and global outlook presents brighter pictures in the years ahead.”
With challenges of 2020 capped by inflation of 15.75% behind it, CHI is proactively engaging raising additional capital and the first phase was sealed before the Court order to suspend the National Insurance Commission supervised capital raise arrived. However, Board chairman Obinna Ekezie, said the company is not done yet as it takes “definite steps towards meeting the N10bn threshold, subject to further developments in the industry.”
The company’ reputation is built on its core values – PRICE (professionalism, relationship, integrity, customer focused and excellence) and it reverberates its claim that the company “blazed the trail in the deployment of ICT infrastructure for the online transaction of insurance business in the industry through a user friendly platform.” It also leverages the capabilities and unique skills of the entire group: (Hallmark HMO Hallmark Health Services Limited, Grand Treasurers Limited and CHI MicroInsurance Limited,) we provide premium risk management, health management and financial services solutions to our clients.
The group managing director, Eddie Efekoha, in his address to shareholders said the company was swift to retool operations during the lockdown and adapt to changes and still post improvements over the corresponding period of 2019. This he commented, “attests to our resilience as a people, an organisation and country in general.”
According to Efekoha, CHI has “evolved fully into a one-stop-shop for the provision of insurance and other financial services with our operations in general insurance, micro life assurance, health maintenance and assets leasing and other forms of financing.”
Lacing his speech with optimism Efekoha said, “Our outlook about the future remains very bright and we foresee an increasing positive contribution of the subsidiaries- Grand Treasurers Limited, Hallmark HMO, and recently CHI Micro-Insurance to the overall results of the group.”