Africa-Press – Liberia. The Insurance Company of Africa (ICA), Liberia’s oldest insurance company, celebrated its 55th anniversary, highlighting the company’s growth and achievements over the years.
Ethel V. Knuckles, CEO of ICA, delivered an inspiring speech acknowledging the hard work and dedication of the staff and agents, attributing the company’s success to their efforts.
Madam Knuckles, who also serves as President of the Liberian Insurance Association and Governing Council member of the West African Insurance Companies’ Association, expressed gratitude for the support the company has received over the years.
“It has been a long, amazing, and fun journey, sometimes frustrating, but overall, it has been a wonderful year, all thanks to our staff and customers,” she said. “Firstly, I tip my hat to our staff and agents who work diligently in the trenches. I raise my glass to you all and wish you continued success.”
Knuckles also acknowledged the regulators (CBL) and board for their ongoing support. “I’m thankful for the working relationship with our regulators and the support from our board to move ICA forward. I also appreciate the presence of my family members here today.”
She emphasized the importance of insurance and the role it plays in society, sharing a personal anecdote to highlight its significance.
Nathaniel Gbagba, Director for Insurance at the Central Bank of Liberia, commended ICA for its contribution to the insurance industry.
“We are excited to be part of the program celebrating the 55th anniversary of the longest-running insurance company in our country,” Gbagba said.
He praised ICA for producing the first Liberian to graduate from the West African Insurance Institute and the second female managing director and CEO. “But we just want to use this to remind all of us that the penetration rate remains a little under 2%. Let me also say something very important: Insurance matters. No important country under the heavens in modern times can thrive in the absence of insurance,” the Director for Insurance at CBL maintained.
ICA Board Chairman Frankie Hayford echoed similar sentiments, emphasizing the significance of the milestone. “Celebrating 55 years is no small feat,” he noted. “This evening, we recognize the staff, board, shareholders, and patrons who made this possible.”
Steve Cashin, a board member and investor at ICA, expressed pride in being part of the company’s journey.
“We’ve seen an evolution at ICA over the years, and we’re looking forward to the next five years,” Cashin said. “It’s an honor to be an investor in a company that offers such valuable services to the people of Liberia.”
General Manager Charles Amoako welcomed guests to the event and highlighted ICA’s achievements. “Anniversaries are not only a time to recollect memories but also to cherish them,” Amoako said.
He commended the staff for their dedication and enthusiasm, which have contributed to ICA’s success.
As part of the anniversary celebrations, ICA sponsored the National Spelling Bee and the 2024 National County Meet. The company also organized a sports day between ICA and International Bank Liberia on Saturday, April 27.
ICA, founded in 1969, remains committed to its vision of being the leading and most trusted insurance company in its markets, offering both life and non-life insurance products such as vehicle, fire, property, and group medical insurance.
The occasion was graced by the Director General of the Civil Service Agency, Josiah F. Jokai, Bloom Bank Managing Director and CEO, Olalekan Balogun, members of the Liberia Insurance Association, customers, staff, and other dignitaries.
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