As part of efforts to boost its offering in the ever-changing market, Consolidated Hallmark Insurance (CHI) has transformed to a holding company with five subsidiaries.
Consolidated Hallmark Holding Company Plc, the holding company, now stands as the parent body for Consolidated Hallmark Insurance Limited, CHI Micro Insurance Limited, CHI Health Management Organisation, CHI Capital Limited, and Grand Treasurers Limited.
Also the company effected new expansion strategy with a change in the leadership structure of the organisation as the former Managing Director of Consolidated Hallmark Insurance, Mr Eddie Efekoha, now becomes the Managing Director of the holding company while Mrs Mary Adeyanju emerged as the Managing Director/Chief Executive Officer of Consolidated Hallmark Insurance.
Similarly, Mrs Katrina Itua has been appointed as the Executive Director of Finance and Investments for the insurance company while Mr Jimalex Orjiakor becomes the Executive Director of Operations of CHI Insurance company.
Mr Efekoha while speaking on the development said investments in various businesses are the main priorities of the new holding company, adding that the holding company also has a penchant for profitability and good returns on investment while giving back to its host community, the Nigerian business environment where it operates.
In his scorecards as the erstwhile MD/CEO of the CHI underwriting firm, Mr Efekoha said from the year 2007 when the company commenced business as Consolidated Hallmark Insurance, and as of 2023, it has recorded tremendous achievements.
He listed some of these achievements to include a 351 percent growth in the company’s balance sheet size from N4.65 billion to the current N21 billion, noting that there was an expansion in the number of licensed firms from one to five, capacity-building among its workforce and advancement in technology.
According to Mr Efekoha, the company has always ranked fifth among firms that submit their annual reports to the industry regulator even up to this year of transition to International Financing Reporting Standards 17 (IFRS17).
He pointed out that the firm leveraged on “people and technology” to execute pet projects like essay competition for tertiary institution students.
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