Breaking News

HRG Nigeria under fire over NNPC, FG’s Group Life accounts

By Patience SAGHANA
Aggrieved insurance brokers and underwriters have ganged-up against Hogg Robinson Insurance Brokers over its consultancy services to  Nigerian National Petroleum Corporation’s Consolidated Insurance Package (NNPC-CIP) and the Federal Government’s Group Life.

The gang up may not be  unconnected with  the 54 insurance brokers screened out of the group life and the eight  insurance companies that were also not part of the 17  companies selected for the accounts.

Vanguard’s investigations revealed that the brokers and insurers that felt cheated and decided to go all out against Hogg Robinson Nigeria as they could not come to terms with the dominance of the company over  in some of  the big  accounts in the industry.

The 54 brokers and eight underwriters felt they were deliberately schemed out of the selection process of the group life especially.

In spite of the fact that Hogg Robinson is not the only consultant on the group life, other brokers in the account include Ark Insurance Brokers Ltd,  Leverage Insurance Brokers and Glanvill Enthoven Insurance Brokers Ltd, yet the broker was singled out of the five consultants.

Hogg Robinson Insurance Brokers has 207 full-time staff operating in strategic locations around the country. These include   six  FCII (Fellows of the Chartered Insurance Institute), 22 ACII (Associates of the Chartered Insurance Institute) by examinations, and a host of other knowledgeable and experienced personnel.

In a local market with perennial problems of qualified manpower shortage, HRG broker has high concentration of professionally qualified and capable staff for which it enjoys market support and respect.

It also has offices in Lagos, Abuja, Calabar, Ibadan, Kaduna, Kano, Port Harcourt and Warri .
All explanations on and about the consultancy services being rendered by  the Head of Service of the federation, Steve Oronsaye and the NNPC did not go down well with the  aggrieved companies

One of the insurers claimed that its quotation came tops but was surprised to see that the final allocation of ministries and parastatals did not follow the pattern of the open bidding process.

The underwriter claimed that some officials in the office of Head of Service upturned the result, and arbitrarily allocated ministries and parastatals without regard to due process after the ministries had been divided into categories A and B, and were to be allocated in order of performance at the open bidding.

Ministries and parastatals categorised as A are to be allocated to those who were on the first to eight positions, while category B ministries are to be allocated to those who came ninth to seventh.

Again, Hogg Robinson was being smeared by some practitioners  who could not come out bold to register  their complaints  with the Nigerian Insurers Association neither Nigerian Council of Registered Insurance Brokers (NCRIB) nor National Insurance Commission (NAICOM).
A close source at NCRIB told Vanguard that the council would only intervene if aggrieved brokers report officially to the body.
The Vanguard source said though NCIRB may not exonerate Hogg Robinson in its entirety for closing its doors to other brokers especially on NNPC account but it cannot wholly blame the broker because it did not appoint  itself as consultant to NPPC and the FG’s group life.

The management of NNPC said the broker was appointed by the corporation after an appraisal to boost the multinationals’  insurance department.

According to NNPC, “Hogg Robinson Nigeria Limited was appointed as consultant to NNPC on insurance matters following an evaluation process in NNPC to enhance the technical capacity of the department.

The remuneration of the consultant is derived from the statutory commission payable by the appointed insurance company”


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.