FOR IMMEDIATE RELEASE

Priority Insurance Co. Ltd Announces the Retirement of Managing Director

Accra, Ghana – December 31, 2024 – Priority Insurance Co. Ltd, a leading provider of insurance solutions in Ghana, announces the retirement of its esteemed Managing Director, Mr. Matthew K.A. Aidoo(CA), effective 31st December 2024. Mr. Matthew K.A. Aidoo (CA) leaves behind a remarkable legacy of leadership, innovation, and service excellence, having guided the company through significant milestones over his 12-year tenure.

During his tenure, Chartered Accountant (CA) Aidoo spearheaded numerous initiatives like Home/Office 360 Insurance, Nhyira WhatsApp Bot, Investment into our Digital Presence, Branch and office Expansions nationwide, Priority Insurance Agents Awards Scheme , 38th Position in Ghana Club 100, Four (4) Awards and honours , Robust CSR Initiatives etc. that has solidified Priority Insurance’s position as a trusted partner in the insurance industry. Under his leadership, the company achieved remarkable growth in Gross Premium and Underwriting Profit, expanding its product portfolio and clientele base growth, asset growth, Premium growth, employee development etc. to meet diverse customer needs and implementing cutting-edge technologies that enhanced operational efficiency and customer satisfaction.

Mr. Aidoo’s unwavering commitment to excellence as a member of the Ecowas Brown Card, Ghana and Ghana Insurance Association has not only driven the company’s success but has also earned him recognition as an industry leader. He has played a pivotal role in fostering a culture of innovation and collaboration within Priority Insurance, leaving a lasting impact on both the organization and the broader insurance sector in Ghana.

Statement from the Board of Directors

“On behalf of the Board of Directors, Management Team, staff, and stakeholders, we express our profound gratitude to Mr. Aidoo (CA) for his outstanding service and dedication to Priority Insurance,” said, Mr. Frank Oppong-Yeboah, Chairperson of the Board. “His visionary leadership has been instrumental in shaping the company’s future, and his legacy will continue to inspire us as we embark on the next chapter of our journey.”

A Smooth Transition

Priority Insurance Co. Ltd is committed to ensuring a seamless leadership transition as Mr. Felix Akyea-Bekoe steps in as the Acting Managing Director. The Board has therefore commenced the process of identifying a successor who will build upon the solid foundation laid by Mr. Matthew K.A Aidoo (CA). Further announcements regarding the new Managing Director will be made in due course.

A Legacy of Service

Reflecting on his time at Priority Insurance, Mr. Aidoo stated, “It has been an incredible honor to serve as Managing Director of Priority Insurance Company Ltd. I am deeply grateful for the trust placed in me by the Board, our dedicated team, and our loyal customers. As I step into retirement, I am confident that the company will continue to thrive and achieve even greater success.”

Looking Ahead

As Priority Insurance Co. Ltd transitions to new leadership, the company remains steadfast in its mission to provide innovative, customer-centric insurance solutions. Guided by its core values and a commitment to excellence, Priority Insurance is poised to continue delivering exceptional value to its customers and stakeholders.

For media inquiries, please contact: Media Team of Priority Insurance Co. Ltd
Priority Insurance Co. Ltd
Phone: 233 (0) 553019060
Email: info@priorityinsuranceghana.net
Website: https://www.priorityinsuranceghana.net

About Priority Insurance Co. Ltd

Priority Insurance Co. Ltd is one of Ghana’s leading None-Life insurance providers, dedicated to offering comprehensive and innovative solutions that meet the needs of individuals and businesses. With a strong commitment to customer satisfaction and operational excellence, Priority Insurance continues to set the standard in the insurance industry.