SIC Insurance PLC has officially inaugurated its new Board of Directors in Accra on Monday, June 30.

The newly-constituted Board is chaired by Bernard Ahiafor, Member of Parliament for Akatsi South and First Deputy Speaker of Parliament.

The other members include Dr Abena Nyarkoa Asomaning, Mr Daniel Amasah Kotey, Major (Rtd) Ben Donkor, David Theophilus Dominic Vondee, MP for Twifo-Atii Morkwaa, and Emmanuel Kofi Ntekuni, MP for Pru West Constituency.

The members were sworn in by Her Ladyship Justice Afi Agbanu Kudonor of the High Court in Accra. With a collective wealth of experience in finance, insurance, public service, and corporate governance, the new Board is expected to reposition SIC Insurance PLC as a market leader while ensuring sustained profitability and growth.

Speaking on behalf of the Board, Mr. Ahiafor expressed gratitude for the appointment and pledged their unwavering commitment to President John Dramani Mahama, shareholders, and the people of Ghana.

He affirmed that the new Board would work diligently to grow the company’s market share and financial performance during their tenure.

At the same event, the Acting Managing Director, Mr James Agyenim-Boateng, was formally confirmed as the Managing Director by the new Board.

In his address, Mr Agyenim-Boateng described the transition as a pivotal moment in SIC Insurance PLC’s journey, adding that the incoming Board would bring renewed vision and governance strength to enhance the company’s performance.

"This transition marks an important step in SIC PLC’s journey to regain market leadership. The incoming Board brings renewed vision and strong governance that will further strengthen our performance and ensure that we continue to serve the needs of our clients, shareholders, stakeholders, and the nation at large," he stated.