49
COMPANY PROFILE Feb. 2015
COMPANY PROFILE
Feb. 2015
2
content
Who are we as Insurance Brokers ? 3 Why should you engage Horizon ? 4 Would Horizon add to YOUR Insurance Cost? 5 About Horizon Insurance Brokers 6
o Our Company o Our International Partners o Our Mission Statement o Our Principles
o Our Corporate Structure
Statement of Capability & Strength 11 o Our Professional Team o Our External Consultants o Our Insurance Placement services o Our Claims Management Service o Our Pre-Placement & Post-Placement Services o Our IT Infrastructure o Our Network Of Partners o Our Logistics
Sample Insurances Handled 22
o By Narrative Description o By Class of Business
Sample Client Base 33 Sample Claims Handled 36
Photo Gallery 39
o Claims Gallery o Client Assets Gallery o Staff o Others
Our Contact Details 49
3
Horizon is an insurance broking firm with world-wide capabilities
committed to being a broker of first choice for clients who demand the best
in quality service delivery and professional expertise. We are dedicated
insurance professionals who are in law an agent of our clients. We are
required by law to act in the best interest of our clients. Primarily, we help
our clients to identify their insurance needs, and buy the needed insurance
on behalf of our clients on the most favourable terms and price. We are also
responsible for the processing and negotiation of claims under the
insurances we buy for our clients.
Who Are We As Insurance Brokers ?
4
Because Horizon is the very best at rendering quality services to our clients,
ranking among the top five insurance brokers in Ghana. At Horizon we
would enable YOU to concentrate on your core business whilst we
leverage our professional expertise and knowledge of the insurance market
to ensure that the right decisions are made in purchasing appropriate
insurance security on the most favourable terms and at the most
competitive price.
Why Should You Engage Horizon?
5
The answer is NO. On the contrary the intervention of Horizon can help in
reducing cost, and ensuring value for money. For the traditional services of an
insurance broker, the remuneration of the broker is by way of a commission
from the insurance company in accordance with world-wide practice and
tradition. The premium rate invariably includes an acquisition and servicing
cost which the insured pays to an insurance company regardless of whether
the insured goes directly to the insurance company or not. It is this acquisition
and servicing cost that the insurance company passes to the broker by way of
a commission. Therefore, the insurance broking services of Horizon would be
entirely at no cost to the client.
Would Horizon Add To Client’s Insurance Cost?
About HORIZON INSURANCE Brokers & Our Partner
7
About H
ORIZO
N IN
SURA
NCE Brokers &
Our Partner
Our Company
Horizon Insurance Brokers Limited (Horizon) was registered in March
2004 and licensed by the National Insurance Commission of Ghana in the
same year to provide insurance broking and consultancy services in
Ghana.
Horizon provides services across the insurance spectrum, including risk
management, insurance broking, and reinsurance intermediation, to local
and multinational firms operating in all sectors of the economy. Currently
Horizon ranks among the top five broking companies in the country, and
have carved a niche in the insurance market as a growing company that
is dedicated to achieving superior results to the satisfaction of our
clients.
As a rule we commit ourselves to ensure that Horizon’s expertise and
our clients knowledge of their business form a unique partnership that
guarantees the procurement of tailor-made insurance security for our
clients at the most competitive prices the market can offer.
8
About H
ORIZO
N IN
SURA
NCE Brokers &
Our Partner
Our International Partner HOWDEN Insurance Brokers Ltd.
Our international partner, Howden Insurance Brokers, is a winner of the broker of
the year at the 2014 British Insurance Awards. As part of the Hyperion Insurance
Group, Howden is a an ambitious, dynamic and highly competitive global provider
of a range of specialist insurances. Howden is also a Lloyds of London registered
insurance broker headquartered in the heart of the London insurance market with
a global presence and providing innovative solutions to insurance needs of major
clients in the direct and wholesale reinsurance market across the globe. Howden,
is a major player in the power/utility insurance sector with a client base that span
four continents.
Through Risk Engineering Services within the Hyperion Insurance Group, Howden
is positioned to provide world class engineering services by deploying experienced
engineers to provide assistance with various aspects of Risk Engineering and Risk
Management to assist clients to improve their risk profile and reduction of
premiums for companies in industries such as: Petrochemical / Iron & Steel /
Mining / Communications / Power & Utilities (Including Nuclear)/Semi-Conductors/
Paper / Transport / etc.
9
About H
ORIZO
N IN
SURA
NCE Brokers &
Our Partner
Our Mission Statement
To be the insurance broker of first choice in Ghana through
commitment to providing superior services to our clients by
continuously developing our human capital and by the
application of the state of the art technology.
Our Principles
We regard as fundamental to our success the underlisted principles;
Our Clients always come first.
We must provide the highest level of service with integrity.
Ensuring client satisfaction through the provision of quality service.
Communicating with our clients clearly and frequently
Innovation is requisite for our survival in a changing world.
10
About H
ORIZO
N IN
SURA
NCE Brokers &
Our Partner
Our Corporate Structure
Statement of Capability & Strength
12
Statement of Capability &
Strength Our Professional Team
Our team is made up of practicing insurance professionals from various disciplines such as law, business administration, economics, banking and finance, mathematics, psychology , engineering and computer science. Godwin AMOO, Bsc (Adm. Insurance Option), FCII (UK) – Is the Chief Executive Officer
of Horizon Insurance Brokers, with over two (2) decades experience in the insurance industry in various capacities. Experience relates mainly to risk management ,technical insurance underwriting, insurance claims handling , and broking services.
Kobla KWAWUKUME, LLB (Hons),BL, FCII (UK) – Is the Chief Consultant of Horizon
Insurance Brokers, a lawyer and a fellow of the Chartered Insurance Institute (UK),with close to three (3) decades of experience in insurance as a lecturer and practitioner. He is an expert in insurance law and claims , insurance and reinsurance underwriting, risks management, and broking services.
Kojo QUARSHIE LLB (Hons), - Is the Corporate and Project Insurance Coordinator. He
puts together and monitors specific Corporate and Project insurances. Kojo holds a Bachelor of Laws degree from the University of Ghana. He has worked for over a decade in the insurance industry in various positions in claims, risk survey and loss control, underwriting and marketing.
Wisdom ATTAKPAH, Bsc (Adm. Banking & Finance), Advanced Diploma In Insurance
(MITC, Malta) – General Manager of Horizon. Has enormous experience in administrative and human resource management, sales & marketing, loss control and insurance underwriting.
Daniel ASIMADI, BA (Economics & Sociology),Dip CII,UK – Is the Head of Broker
Operations at Horizon Insurance Brokers, with oversight responsibilities over technical underwriting issues, claims, IT, credit control, customer service & regional operations. He's worked for close to a decade in the insurance industry with a lot of experience in technical underwriting, claims settlement, loss control, risk assessment, evaluation and placement.
Mary LARYEA, BA (Psychology & Sociology),Dip CII,UK – Is the Senior Broking Officer
of Horizon Insurance Brokers, overseeing the day to day underwriting of various policies, business placement, risk surveying and claims settlement.
13
Statement of Capability &
Strength
Our Professional Team Continues …
Cleopatra AMANKWAH, Bsc (Mathematics), Dip. Insurance,(MITC-Malta) - Is Executive Assistant and in addition double as underwriter and clients servicing officer.
Evelyn SIMMS-ASIGBI, Bsc (Marketing) Post Graduate Diploma, CIM, UK, Dip.
Insurance(MITC-Malta) - Is Clients Service Executive Officer responsible for quality assurance, credit control , and marketing
Catherine-Maud ANINKORA, BBA (Marketing), Is the Administrative Officer of
Horizon, with additional responsibility as support staff for general underwriting and claims.
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Statement of Capability &
Strength
Our External Consultants HOWDEN
Bill CRAWFORD, Managing Director Howden Property Division
Bill has over 25 years’ experience in the insurance market with 20 years of successfully handling numerous operational power accounts
across the world in Asia, Turkey, eastern Europe, the Middle East, North America and Latin America. Bill has first-hand experience of visiting many power / utility clients with risk engineers to assess the quality of the risk and discuss clients’ needs, and help in structuring bespoke policies for them.
Bill has a remarkable experience in claims handling for major clients. A number
of the accounts placed and handle have suffered losses and claim collection is a priority focus for us. At this moment in time, Bill is currently overseeing the handling of a US$ 40m power claim in Taiwan.
Peter NAYLOR, Director of Howden Property Division
Peter has 30 years of experience within the International Insurance Market handling many types of operational power accounts.
Our operational portfolio contains many different types of Operational Power, including Thermal, Combined Cycle Gas Turbines, Fluidised Coal Bed, Hydroelectric and many types of renewable sources (wind, solar, tidal, geothermal).
Peter currently handles major portfolios for clients across the World, including the Far East and Europe. This includes working with the Original Insured’s and Risk Surveyors / Engineers to ensure that risks are properly maintained to ensure low incident of breakdowns, which ultimately helps to keep premium costs down for our clients.
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Statement of Capability &
Strength
Our External Consultants HOWDEN Continues…
Julian RAMSAY, Director, Claims –Property, Energy, Construction
With over 30 years’ experience of Claims handling, Julian is a Director within the Claims Division responsible for the servicing of all Energy, Property and Casualty claims. Over the years he has built up a wealth of experience and knowledge in almost all classes of business including Energy, Property, Liability, Construction and Marine on both Direct and Reinsurance placements. He is greatly experienced in the handling of contentious claims, liaison with lawyers, adjusters and senior claims handlers throughout the market. Julian is the Claims Director and responsible for Property, Construction and Energy Claims. He has provided our clients with world class service and performance on Property and Energy claims of great complexity, examples of which are as follows
Dean WILLIAMSON, Senior Manager, Property and Energy
Dean has over 22 years’ experience of claims handling. He works closely with Julian in ensuring our client’s expectations are met. Dean’s role is very varied and includes overseeing the junior members of the department, dealing with all aspects of claims from first advice to final settlement, liaising with clients, claims adjusters and loss adjusters/solicitors. Dean is currently handling some of the large Tornado and hail losses which recently affected the Oklahoma area.
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Statement of Capability &
Strength
Our Insurance Placement Services
At Horizon Insurance Brokers Ltd, together with our international partners,
Howden, we are capable of placing any risk, of whatever size and nature, at the
most competitive rate and at the most favourable terms and conditions in the
following insurance markets;
• The Ghana insurance market
• Direct placement at the Lloyds of London through our International
Partners
• Direct placement with major European based international insurers
• Reinsurance placement with major international reinsurers in Africa,
Europe & America.
• Direct placement in the Chinese insurance market on Chinese investments
when required
We are therefore in the position to place our clients account with primary
insurers in Ghana and follow through the reinsurance placement in the
international insurance /reinsurance market such as the London market,
European market, North America and the Far East and China.
17
Statement of Capability &
Strength
Our Claims Management Services
• Horizon provides efficient handling and processing of claims of clients to ensure prompt and fair settlement by:
• Assisting with the preparation of claims document, and policy document interpretations.
• Liaising with various relevant professionals such as accountants, surveyors, engineers, quantity surveyors etc.
• Participation in appointment of and liaising with the loss adjusters appointed to adjust the claim.
• Claims negotiation and settlement. • Preparation of briefs for arbitration and litigation support, if the need
arises.
•In addition Horizon provide advice and assist with salvage disposal and repairs.
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Statement of Capability &
Strength
Our pre-placement and post - placement services
We adopt a holistic approach to risk and insurance in the business environment by providing to our clients the following;
• Pre-placement risk and insurance survey to ascertain appropriate
insurance covers, terms, conditions and to assess the most competitive rate
• Periodic risk and insurance survey to assess the adequacy of cover and to make appropriate recommendations
• Post-loss risk and insurance survey to ascertain cause of loss and risk improvement measures to put in place to avoid recurrence.
• Comprehensive risk management and disaster management plan, if required.
• Establishment of Insurance / Risk Management Unit and provision of training support to staff of our clients.
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Statement of Capability &
Strength
Our IT Infrastructure
We are at the cutting edge of information technology and with our state of
the art IT infrastructure we run a near paperless office which ensures speedy
and efficient delivery on our commitment to our clients.
Through a wide area network we are able to access the IT platform of some
selected insurers among the top five in the country which ensures speedy
issuance and delivery of policy documents and endorsement to our clients.
We are accessible to our clients and network of partners from any part of the
globe over the internet at [email protected]. Together with
our efficient telephony and communication tools, and regular visits to our
clients we are able to deliver services to our clients in the comfort of their
offices as a matter of rule without exception.
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Statement of Capability &
Strength
Our Network of Partners
To ensure an efficient and prompt delivery on our commitment to our clients we have over the years developed
A number of financially sound and customer friendly Insurance and Reinsurance
companies with nationwide and international presence that we readily use to meet the insurance needs of our diverse clients base.
A reliable network of professional such as surveyors, civil and mechanical and
auto engineers, accountants, lawyers, architects that we rely on to supplement our capabilities to meet our claims handling responsibility to our clients.
A system of out sourcing to dedicated, reliable and efficient courier and delivery service providers with a nation-wide and inter-national capabilities to ensure prompt delivery of relevant documentations to our clients out side of Accra.
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Statement of Capability &
Strength Our Logistics To ensure our policy of providing service to clients in the comfort of their offices we have a pool of brand new and reliable vehicles placed at the disposal of staff for long distance travel and customer care.
Sample Insurances handled
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Sample Insurances handled
The core business of the CH Group is the bulk importation, storage and distribution of petroleum products from its own tank farm at Tema and at various rented storage depots at various locations across Ghana. Because of the volatile nature of petroleum products the
CH Group faces a high probability of catastrophic losses to property and third party liabilities. The company also faces a high risk of losses from infidelity of employees due to the easy marketability of petroleum products and the fact that the company operates at several locations across the length and breath of Ghana. Due to the high capital cost in the petroleum sector there was the need for delicate financial engineering for the company to carry out its business, necessitating the involvement of third parties from the financial sector whose interest impact on the insurance arrangement. There was therefore the need to resolve the inherent conflict between the need for adequate transfer of risk through insurance and the need to reduce insurance premium cost by risk retention. This calls for efficient estimation of probable maximum loss (PML), and probable frequency of losses, and determination of reasonable deductibles in an effort to provide adequate insurance protection at a reasonable premium cost. In addition there was the need to adopt holistic risk management and loss prevention measures to ensure the survival of the company by putting in place disaster management plans. Services Provided by Horizon include Risk survey, identification and evaluation, structuring and placement of insurance programme with both local insurers and Lloyds of London. The policies place include the following;
1. Assets All Risks and Business interruption 2. Employers liability/ Workmen Compensation/ Group Life 3. Public Liability and General Pollution Cover 4. Motor Vehicle Fleet Insurance 5.Political Violence Insurance- Property Damage and Business interruption
Current Value of Insured Assets/Liabilities : $ 350 million
Narrative Description of Sample Insurances Handled
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Sample Insurances handled
Narrative Description Continues…….
Engineers & Planners (E&P) is a Ghana’s leading mining
contracting firm that provides mine support services to the Extractive Industry particularly Gold and Iron Ore mining companies in Ghana. With its headquarters in Ghana and other offices in Liberia,
Engineers & Planners started its operations in 1997, renting Heavy Duty Equipment to companies in the Construction and Extractive Industries. Today, the company has diversified its interests in terms of geographical location and services delivery. The core business encompasses mining, exploration & grade control, load and haul, bulk haulage transport, earth & civil works, heavy duty equipment rental as well as to provide consultancy services to the extractive industry. The company has an asset base of over US$100 million and employs over a thousand employees. Horizon is responsible for structuring and monitoring a comprehensive risk management and transfer plan to ensure that risk exposure is managed at a reasonable and economic cost to ensure continual survival of the company through adequate protection of material and financial resources and human capital through the medium of insurance. HORIZON did Risk survey and identification, and structuring of insurance programmes to meet client’s specific needs, premium negotiations, placement of insurances and claims processing. Have placed the following policies to cover the clients operations in both Ghana and Liberia.
1. Assets All Risks 2. Plant and Machinery All Risks 3. General Public liability Insurance 4. Employers Liability, WCA/GPA 5. Group Personal Accident 6. Motor Vehicle Fleet policy- Comprehensive & Third party
Current Value of Insured Assets/Liabilities : $ 185 million Value of claims handled to date : $ 1 million
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Sample Insurances handled
Narrative Description Continues…….
Armajaro Ghana is one of the largest global buyers of Ghanaian cocoa beans. Armajaro Ghana’s involvement in Ghana is on two levels; its subsidiary acts as a
Licensed Buying Company, which purchases cocoa upcountry from farmers for the sale to the Cocoa Marketing Company (CMC), while Armajaro Ghana is a major buyer of cocoa from CMC for export. Armajaro Ghana has its head office in Kumasi with operations in Accra and the ports of Tema, Takoradi and the Kaase Inland port. Armajaro Ghana also has district buying stations, spread across the main cocoa-growing areas, which are fully equipped with dedicated cocoa storage warehouses and a fleet of trucks. Services Provided by HORIZON include, Risk survey and identification, and structuring of insurance programmes to meet client’s specific needs. Premium negotiations, placement of insurances and claims processing. Have placed the following policies to cover the clients operations.
1. Assets All Risks 2. Motor Vehicle Fleet policy- Comprehensive & Third party 3. Plant and Machinery All Risks 4. General Public liability Insurance 5. Employers Liability, WCA/GPA 6. Group Personal Accident
Current Value of Insured Assets/Liabilities: US$ 70 million Value of claims handled to date: US$1,000,000
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Sample Insurances handled
Narrative Description Continues…….
The Ministry of Health has since 1997 invested huge financial resources in the procurement of vehicles for distribution to health staff across the country on the hire-purchase basis. Over the period, it has distributed well in excess of 3,000 vehicles to various beneficiaries.
In 2008, the Ministry decided to use the services of insurance brokers to handle the insurances on the existing 1,017 vehicles in which it still had some financial interest and the 600 newly acquired ones. After the evaluation of the various bids submitted, Horizon was chosen to handle the insurances on close to 800 of the existing and new vehicles. Current Value of Insured Assets/Liabilities : GH¢35million Value of claims handled to date : GH¢800,000.00
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Sample Insurances handled
Narrative Description Continues…….
An importer and distributor of Ethanol (Alcohol), MIDLAND INTERNATIONAL tank farm located near the Tema Harbour serves as both a bonded warehouse and distribution centre.
Horizon brokered Insurance documentation needed by the Customs Excise and Preventive Services for the facility which store up to $16 million worth of alcohol. The challenge Horizon had to deal with was how to mediate the huge premium the Insurance Companies were asking for, due to the volatile nature of ethanol, and the clients’ inability to pay beyond a point due to the narrow margins they make on selling their product. Horizon successfully facilitated the settlement of claim to the tune of $1,720,000, when fire gutted the company’s premises in September 2010 under very difficult circumstances, including resorting to arbitration to extract adequate compensation for our client. Current Value of Insured Assets/Liabilities : $ 30 million Value of claims handled : $ 1,800,000
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Sample Insurances handled
Narrative Description Continues…….
One of the fastest growing bulk oil trading and distribution companies in Ghana, the UBI Group is involved in both up and downstream distribution of petroleum products across the country. It has grown over the past few years to become one of the preferred bulk oil distributors in Ghana.
The nature of their operations requires they have comprehensive insurance arrangements to protect their various assets dotted across the country. This arrangement has adequately been put in place by Horizon, including the insurance arrangements to secure their various tank farms currently under construction at Airport and Takoradi worth over $ 30 million. The policies place include the following;
1. Assets All Risks 2. Public Liability 3. Employers liability/ Workmen Compensation/ Group Life 4. Motor Vehicle Fleet Insurance
Current Value of Insured Assets/Liabilities : $ 80 million
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Sample Insurances handled
Narrative Description Continues…….
A sub contractor on the Korle Lagoon
Restoration Project (KLERP) in charge of
the marine engineering aspect of the
project. Due to the complexity and
hazardous nature of this project, Horizon Insurance Brokers had to help in
finding reinsurance cover for this project insurance.
Nutec Ghana was to lay a floating pipe six kilometres into the sea from the
mouth of the Korle Lagoon. This pipe was to be secured by ballast placed on
the sea bed. Horizon processed a $330,000.00 claim successfully on this
policy under hostile circumstances. Our understanding of the risk and
attention to detail at the inception of the insurance policy ensured that our
clients were covered.
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Sample Insurances handled
Sample Insurances handle by Class of Business
CLIENTS VALUE OF ASSETS (GHC)
ARMAJARO 469,102,092.00
ENGINEERS & PLANNERS 123,803,399.00
CHASE PETROLEUM 81,500,000.00
UBI GROUP / BLUE OCEAN 80,693,957.68
ENVIRONMENTAL PROTECTION AGENCY 20,583,072.59
GHANA PORTS AND HABOURS AUTHORITY 15,734,699.50
UNITED STORAGE 8,958,222.60
JONMOORE INTERNATIONAL 1,098,456.86
ASSETS ALL RISKS INSURANCE
CLIENTS NO. OF VEHICLES TOTAL VALUE (GHC)
MINISTRY OF HEALTH 761 18,738,200.00
GHANA REVENUE AUTHORITY 305 12,286,107.00
ENGINEERS & PLANNERS 217 38,941,000.00
ARMAJARO 169 5,438,788.00
JONMOORE INTERNATIONAL 42 4,182,610.00
UBI GROUP 30 2,114,484.20
COMPREHENSIVE MOTOR INSURANCE
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Sample Insurances handled
Sample Insurances handle by Class of Business Continues…
CLIENTS NO. OF STAFFS TOTAL BENEFITS(GHC)
ARMAJARO GHANA LIMITED 902 16,658,100.00
ENGINEERS & PLANNERS 600 17,075,000.00
JONMOORE INTERNATIONAL 135 1,784,412.00
UBI GROUP 66 2,015,002.80
TEMA TANK FARM 35 2,136,289.19
UNITED STORAGE 12 653,229.60
CLIENTS NO. OF STAFFS TOTAL VALUE (GHC)
UNITED STORAGE 12 620,000.00
TEMA TANK FARM 35 3,100,000.00
ARMAJARO GHANA LIMITED 879 19,031,600.00
GROUP COMPREHENSIVE PLAN / WORKMENS COMPENSATION
FIDELITY GUARANTEE
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Sample Insurances handled
HOWDEN Experience In The Power / Utility Sector
Insured Occupancy Total Value Insured
Hyundai Oilbank Oil Refinery in South Korea KRW 5,627,138,160,192
Samnam Petrochemical Petrochemical Plant in South Korea KRW 1,074,492,081,000
Electricity and Water Authority Power Plant in Bahrain BHD 2,066,539,281
Tupras Refinery in Turkey USD 8,948,602,342.57
Sunba and Star Energy Power Plant in Taiwan TWD 20,029,702,666
Taewang Industries Power Plant in South Korea
Taegisan Wind Power Corp South Korea KRW 132,403,179,854
Suwan Energy Power Plant in South Korea KRW 287,100,000,000
Spolchemie Oil Refinery in Czech Republic CZK 21,569,161,000
Honam Petrochemical Petrochemical Plant in South Korea USD 7,305,455,300
Hsin Tao Power Corporation Power Plant in Taiwan TWD 13,148,010,755
Park Termik Power Plant in Turkey USD 932,000,000
GARMCO – Aluminim Rolling Mill in Bahrain USD 694,634,521
Elektrownia Turow – Power Plant in Poland PLN 11,107,610,900
Lianzhong Steel – Steel Plant in China CNY 9,312,872,961.02
Yieh Group – Steel Plant in Taiwan TWD 35,755,175,499
KP Chemicals – Chemical Plant in Korea KRW 1,982,893,698,450
Korea District Heating – Power Plant in Korea KRW 2,977,900,571,568
KOLON Petrochemical Plant in South Korea KRW 5,881,672,486,000
Kuo Kuang Power – Power Plant in Taiwan TWD 11,017,680,000
Hanjung Power – Power Plant in Papua New Guinea PGK 180,154,083
Delta Petroleum – Petrochemical Plant in Turkey USD 398,428,210
Elektrownia Patnow II – Power Plant in Poland EUR 650,000,000
Elektrwonia Belchatow – Power Plant in Poland PLN 41,775,650,322
Energy Pro Hydro power in Czech Republic
Chiahvi Power Plant – Power Plant in Taiwan NTD 14,990,656,800
Baekyang Solartech – Wind farm in South Korea KRW 212,102,019
B&T Unwelt – Power Station in Germany EUR 212,367,453
STARBUCK – Power Generation in Taiwan TWD 10,521,855,603
Guangdong ZhuHai – Power Plant in China USD 1,068,219,097
Blue Mountain Energy - Underground coal mine that fuels its own power plant in Colorado USD 225m
Austin Energy - Electric utility in Texas. USD 1,705m
Clark Public Utilities - Electric & water utility in Washington USD 335m
Covanta Holding Corp. - Energy-from-waste in USA & Canada USD 8,650m
Cowlitz Public Utility District - Electric utility in Washington. USD 360m
Detroit Renewable Energy - Energy-from-waste in Michigan. USD 520m
Glendale Water & Power - Electric & water utility in California. USD 400m
Kings River Conservation District - Electric power station in California USD 90m
Los Angeles Department of Water & Power - Electric & water utility in California USD 11,500m
Lower Colorado River Authority Electric & water utility in Texas. USD 4,330m
Modesto Irrigation District Electric & water utility in California. USD 670m
Sample Client Base
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Sample Client Base
Chase Petroleum
UBI Energy & Petroleum Gh. Ltd.
Agapet Limited
Tema Tank Farm United Storage Company Ltd
Rural Energy Resources Limited
Frimps Oil Company Limited
ZEN Petroleum Ltd
GRID Petroleum Gh. Ltd.
Mangifera Energy Ltd
Wearcheck Gh. Ltd
Menergy Int. Gh. Ltd
Energy/Oil Sector
• Ghana Ports & Harbours Authority
• Ghana Revenue Authority
• Ministry of Health
• Ministry of Employment & Social Welfare
• Ghana Health Service
• Internal Audit Agency
• Environmental Protection Agency
Government Institutions/ MMDAS
Armajaro Ghana Limited
Midland International Gh. Limited
Midland NCP
Chemico Limited
Adwumapa Buyers Limited
NTHC Commodities Ltd
UNICOM Commodities Gh. Ltd
Mere Plantations Gh. Ltd
Commodity Trading
• Engineers and Planners Ltd.
• China Henan Int. Co-op Gh. Ltd
• Drill Masters Africa Limited
• Nutec Africa Ghana Limited
• Tecbuildtel Co. Ltd
• Prime Stone Quarries Ltd.
• WDP Ghana Limited
• Eugo Terrano Limited
• Beta Construction & Engineers Ltd.
Construction, Mining & Engineering
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Sample Client Base
Mbg Limited
Fairllop International Gh. Ltd.
Jonmoore International
Stelin Automotive & Trading Co. Ltd.
Spenhaul Limited
Alhaji Salia Enterprise
UBI Logistics & Transport Ltd.
Maersk Ghana Limited
APM terminals Ltd
DAMCO Logistics Ltd
Gateway Services Ltd
Imago Logistics Ghana Limited
Dashwood Shipping Agencies Ltd.
Transport
Shipping and Logistics
Yaa Asantewaa Rural Bank
Izwe Loans Ltd
Easy Investment Services
Orbit Microfinance Co Ltd
Dichemso Methodist Co-operative
Credit Union
Global Fones
Margins Group of Companies
PSB Concrete Products Ltd.
Minetec Services Limited
Placito Ghana Limited
Jerusalem Agriculture
Asutsuare Poultry Farms
Little Miracle School
Atelier
Intelligent Card Production Systems
Ibistek Ltd.
Financial Institutions
Others
Sample Claims handled
37
Sample Claim
s handled
Client Type Of Claim Year Amount
USD $
Midland International Fire 2010 1,720,000.00
Nutec Gh. Ltd Engineering 2005 330,076.00
Mbg Limited Motor 2009 240,000.00
Wearcheck Ghana Ltd Fire 2015 179,000.00
Engineers & Planners Motor 2013 130,900.00
Winipak Estates Motor 2013 120,000.00
Engineers & Planners Motor 2006 102,000.00
Ibrahim Mahama Motor 2008 80,000.00
Engineers & Planners Motor 2007 88,000.00
Winipak Estates Motor 2007 88,000.00
Ramabus Enterprise Motor 2008 86,000.00
China Henan Int. Co-op. Gh. Ltd Engineering 2015 75,000.00
Midland International Marine 2008 34,234.65
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Sample Claim
s handled
TUPRAS Is the Turkish state oil refinery. In 1999 they suffered a US$ 60m loss from an earthquake, we placed reinsurance for 95%. HOWDEN successfully collected the full amount from reinsurers in a very prompt manner and presented the Insured with a cheque for the full amount required. PETROHAWK ENERGY Suffered an on shore control of well loss in February 2011 – total paid USD16,000,000 on a limit of liability of USD 35,000,000 CHESAPEAKE ENERGY Suffered a control of well/well restoration loss March 2011 – estimated loss USD 24,0000,000 current paid USD 18,000,000 – Limit of liability USD 75,000,000 ENERGIA RENOVABLE Insured suffered damage to fuel pumps due to contamination in October 2008 and initially claimed USD16,000,000 which was disputed by U/wrs. Amount eventually settled following Howden /underwriter/Insured meetings in Miami ELEKTROWNIA BELCHATOW Power plant in Poland suffered Machinery breakdown loss September 2012 total incurred PLN40,000,000 (equiv to USD 12,000,000) LOI PLN1,000,000,000
HOWDEN Sample Losses Handled
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Client’s Assets
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Staff
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Visit to Client’s Operational Site
Others
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Contact Details
Corporate Office: Suite #9, 1st Floor, Kristal Plaza
Community 4, Tema
P. O. Box CS 8409, Community 7, Tema
Ghana
Tel: (0303) 208856, 208864, 208928, 0268207171
Hotline: +233 (0) 20 15 15 500
www.horizoninsurancebrokers.com [email protected]
