Guinea insurance Plc, has announced that the first quarter account for the period ended 31st march, 2017 will not be filed with the Nigerian stock exchange on April 30th 2017 which is the due date.
In the letter, it was disclosed that, the company’s inability to meet up with the submission deadline to the Nigeria stock exchange was borne out of the fact that their 2016 audited financial statement has not been approved by their primary regulator (national insurance commission) which is a prerequisite for submitting the quarterly account to the exchange.
The statement noted that the company was not allowed to give a specific date for the submission of the first quarter account as they are not in control of the approval process of the national insurance commission.
Guinea Insurance provides a variety of general insurance products and services including professional indemnity, accident as health and travel, goods-in-transit, personal and group accident, motor, fire and special perils insurances. It also provides special insurances such as oil and energy risk, bonds and guarantees, marine cargo and reinsurance.
Guinea Insurance recently appointed a new board of directors.