A renewed wave of confidence was recently reinforced in Sovereign Trust Insurance Plc by one of the foremost Insurance Brokerage firms in the country, Industrial Risks Insurance Brokers Limited. The company was full of praises to the Management of Sovereign Trust Insurance Plc during the presentation of a claim settlement cheque of N122M in respect of the claim lodged on behalf of Chemlap Nigeria Limited whose factory was gutted by fire earlier this year.
The Managing Director/Chief Executive of Industrial Risks Insurance Brokers Limited, Elder Darlington L. Omerekpe expressed enormous gratitude to the Management of Sovereign Trust Insurance Plc for the timely response and professional manner with which the claim procedures were handled. He further stated that the company has demonstrated beyond reasonable doubt, that it is ready to play big in the insurance industry in Nigeria. In his words, “what has happened here today is a confirmation of the confidence we (Brokers) repose in your organisation and the commitment on the part of your organization has been very outstanding and highly commendable”.
In his response, the Managing Director of Sovereign Trust Insurance Plc, Mr. Wale Onaolapo, thanked Industrial Risks Insurance Brokers Limited for the support and patronage Sovereign Trust Insurance Plc is getting from notable Insurance Brokers in the country presently. He asserts that “the company has clearly set out to chart a professional course in the practice of insurance business in Nigeria and that Sovereign Trust will not leave any stone unturned in the quest of attaining the status of a world-class insurance company. “This is an acid test and we are very happy that we were able to rise up to the occasion.” We are poised to meet up with our obligations as at when due. “We will continually strive not to disappoint our teeming customers and uphold the confidence of our stakeholders.”
Sovereign Trust Insurance plc was the lead underwriter in the co-insurance of Chemlap Nigeria Limited with a 50% share while Linkage Assurance Plc and Royal Exchange Assurance Plc had 30% and 20% respectively.
With an avowed commitment to Best Practice, Corporate governance and Professionalism, Sovereign Trust Insurance plc aims at becoming one of the top five players in the Insurance sector in the very near future.