Standard Insurance partners Willis Group

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 Group’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. Willis’ 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, “Willis’ visit re-affirms their commitment to supporting the burgeoning Nigerian insurance marketplace. This is important in light of the Federal Government’s policy on developing the local insurance industry especially with regards to risk management for the Oil & Gas sector.”

Mr. Peilow said of their visit, “Effective, world-class risk management is essential to the success of Nigeria ’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.”

His views were corroborated by Ms. Harding, saying, “The 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.”