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CHI assures shareholders of sustainable value creation

Managing director/CEO of Consolidated Hallmark Insurance (CHI) plc, Eddie Efekoha has reassured shareholders and investors that the company would continue to create value on their investment through increased returns.

Efekoha who was responding to questions from shareholders during the company’s pre-annual general meeting in Lagos said that though the industry and the country was going through a tough time, management realises the challenges facing the business environment, and has put strategies in place to make sure it remains above board in order to meet stakeholders’ expectations.

“Your company has continued to re-strategize to ensure the best returns to all stakeholders. Towards this end, its claims payment policy remains one to beat in the entire industry as our belief that satisfied customers will continue to spread the message of prompt service based on their experience”, he said.

The CEO noted that the company has cleared its books through adequate provisioning for unpaid premiums according to regulatory requirements.

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