30 January, 2019
Award recognizes company’s exceptional commitment to cede treaty business to Ethiopian Re on voluntary basis
Ethiopian Re officially merits The United Insurance Company SC, better known as, <UNIC-ETHIOPIA> for their trailblazing decision to cede treaty business on voluntary basis. The recognition was bestowed by Ethio- Re to the United Insurance for the audacious move to cede businesses voluntarily signifying their determination to contribute a part in strengthening the national venture.
During the event, the CEO of Ethiopian Re, Ato Yewondwossen Eteffa, expressed his appreciation of the unprecedented step taken to cede treaty business under Long Term insurance (life insurance) to Ethio Re. on voluntary basis and exuded Ethio-Re’s keen interest in strengthening business relationship with the Company in various areas. He asserted that taking advantage of its fairly strong capital base, plus sound retrocession protection afforded by world renowned reinsurance companies, Ethiopian Re will endeavor to provide a comprehensive range of reinsurance covers to domestic insurers. He also reiterated the importance of working to get businesses on voluntary basis.
Pictured L-R: Ato Yewondwossen Eteffa, CEO Ethipian Re, W/o Meseret Bezabih General Manager/CEO, The United Insurance Company (SC) and W/o Azaech Yirgu, DGM Life and Medexin.
The award was presented at the headquarters of the United Insurance Company (S.C) on 21 January 2019.