- Pays N375m claims to owner of helicopter
Linkage Assurance Plc said it paid N375 millio hall insurance claim for the helicopter operated by Quorom Aviation that crashed in Opebi area of Lagos State in 2020.
In a statement on Sunday titled ‘Linkage Assurance attributes growth success to strong partnership with brokers’, it disclosed this during the general meeting of the Nigerian Council of Registered Insurance Brokers Lagos Area Council, hosted by Linkage in Lagos.
The statement said, “Linkage insured 100 per cent of the helicopter that crashed last year in Opebi, Ikeja, Lagos and has settled the hull claim of N375 million and about concluding the settlement of the passenger liability claim of $300,000 for the three passengers that died in that unfortunate incident.
“These are indications that we are poised to provide robust and efficient insurance service to the insuring public.”
It added, “We have robust reinsurance in place. For year 2021, our fire treaty is about the largest in the market and we settle our claims promptly.
“For businesses placed with Linkage, I say, go to bed and sleep with your two eyes closed because when there is claim, we will settle.”
The Managing Director/Chief Executive Officer, Linkage Assurance Plc, Daniel Braie, said its focus in 2021 and beyond would be to strengthen the relationship by continuously providing efficient services and meeting claims obligations promptly.
Braie said, “Linkage Assurance Plc recognises the pivotal role of the broker’s community in the growth of insurance business and that is why we decided that apart from hosting the national body, we would go a step further to host the various area councils across the country.”
“So far, we have done this in Abuja, Kaduna, Port Harcourt and now Lagos. If not for the COVID-19 pandemic that broke last year which affected businesses all over the word including Nigeria, we would have covered more states.”
According to Braie, Linkage Assurance was still committed to achieving this objective because of the importance it placed on brokers as its strategic partners, as it was committed to delivering on the promises of her vision and mission statements.
He also disclosed that Linkage from its unaudited result for the year 2020 grew its gross premium written by 28 per cent from N6.5 billion in 2019 to N8.3 billion.
He said this was as Linkage also achieved profit before tax of N2.5 billion, and paid out claims amounting to N2.4 billion during the same period.