By Peter Egwuatu
As part of its strategies to effectively work with the Federal Government to entrench the local content policy in the Oil & Gas sector, Standard Insurance Consultants is partnering with Willis Group, a global player in insurance business.
Standard Insurance Consultants Limited (SIC) hosted an event at their headquarters in Lagos for visiting Willis Group directors. Bob Peilow, Managing Director, Willis Global Specialties & Middle East and Lesley Harding, Executive Director, Willis Energy were visiting Nigeria for three days on one of the Groupâ€™s regular sojourns to the country to meet with clients and markets.
Willis Group Holdings Limited is a leading global insurance broker with more than 400 offices in nearly 120 countries, with a global team of approximately 20,000 Associates serving clients in some 190 countries. Willisâ€™ Global Energy Practice comprises over 130 energy insurance professionals, working in 10 offices to deliver world-class risk management solutions for the technical and operational risks inherent in the energy industry.
Over 80 guests attended the high-profile SIC cocktail evening, including representatives from major clients in the Oil & Gas, Aviation and Marine sectors; senior executives from leading insurers and a number of government dignitaries.
Welcoming Mr. Peilow and Ms. Harding to the event, Mallam Ahmed O. Salawudeen, President/Chief Executive of SIC Limited said, â€œWillisâ€™ visit re-affirms their commitment to supporting the burgeoning Nigerian insurance marketplace. This is important in light of the Federal Governmentâ€™s policy on developing the local insurance industry especially with regards to risk management for the Oil & Gas sector.â€
Mr. Peilow said of their visit, â€œEffective, world-class risk management is essential to the success of Nigeria â€™s growing economy. Willis is committed to contributing to the development of the active and vibrant Nigerian insurance market, which will facilitate the growth of industry in the country.â€
His views were corroborated by Ms. Harding, saying, â€œThe rapidly developing Nigerian Oil & Gas sector brings both opportunities and challenges. As projects expand, risks get bigger and it is important that there is a strong insurance industry to find innovative solutions to these risks so that companies have the space to grow.â€