The Managing Director of Aureol Insurance Company, Solomon Samba has emphasized that what make them unique is the fact that it is a homegrown success story wholly-owned and managed by Sierra Leoneans.
He stressed home this point during the presentation of long service awards to 31 employees including himself, at the Bank of Sierra Leone Staff Recreational Complex at Kingtom last Friday.
Welcoming guests, Solomon Samba further indicated that “perhaps I might add that we have 644 Sierra Leoneans shareholders both individuals and corporate.”
The Managing Director, who was amongst four others who received awards for 25 years of faithful and dedicated service to the company, lectured guests about the incorporation of Aureol Insurance Company (AIC) on 26th November 1986 to fill the vacuum created by the cessation of business by two British Companies- Lion Insurance Company Limited, a member of the Guardian Exchange Group and Northern Assurance Company.
Guests were further informed that a meeting of promoters was summoned and it was agreed that everyone of them should contribute Le50,000 and a minimum subscription of Le10,000 should be paid by every subscriber.
Solomon Samba spoke about oversubscription to the tune of Le9m instead of Le7.5m requested by Swiss Re and they returned the surplus to subscribers.
He also spoke about finding a fitting name that could be identified with a place or an institution in the country and among those considered were Rokel because of the River Rokel and Aureol, the mountain on which Fourah Bay College stands.
Solomon Samba, explained that “there were those who were against the name Rokel, much as Rokel, they argued is attractive and depicts a condition of performance yet its flow is hampered by cataracts, creeks and meanderings causing it to be sluggish. The Rokel was therefore discarded and Aureol chosen.”
Over the years, he affirmed, AIC has accumulated substantial assets, reserves “and our profitability continues to grow from year to year,” stressing that “we have a strong reputation to pay our claims promptly and deliver excellent service to our customers which cements our status as the industry’s premier professional insurer.”
He paid gratitude to the founding members without whose financial and moral support, AIC would not have taken off. These are: Lloyd Ade During, late Samuel Gilbert Benjamin, Rudolph Durosimi Thorpe, Late Dr. Salia Jusu Sheriff, the first chairman, Patrick Abayomi Paul, David Fraser, Solomon E. Berewa, Dr. Patrick Coker and the late Justice Emile Thompson-Davies and Garvas Betts.
Solomon Samba also recognized the hard work and dedication of Board, Management and staff for steering the company through very difficult times and “to our valued shareholders for their patronage over the years.”
Dr. Patrick Coker, Chairman of the Board congratulated the awardees and lauded the former and present Managing Directors, Lloyd During and Solomon Samba, for their tremendous strides to lift the company to its present status.
He later presented Solomon Samba, Alhassan Newland, John Mansaray, Joseph Massaquoi and Lamin Parker with their plaque and certificates for 25 years service.
Others in that category were: Foday Conteh, Susan Kosia-Gande, Alimamy Mansaray and Victoria Hedd.
Ms Honoria Bailor and Robert Kaifineh were awarded for 24 years service, as Viola Jones, Desmond Stanley, Keikura Gbao and Mariama Sam-King were honoured for 23 years service.
Eustacia Renner-Thomas and Dennis Williams were the recipients for 22 years service, while, Fayah Nyuma, Richmond Coker, Rosetta King and Rev. Henry Samuels were honoured for 21 year services.
In the honour list for 13 years service was Rosetta Cole, and Hannah Marah, while Samuel Koroma claimed that of 12 years.
Others that were awarded include Mohamed Kamara and Mohamed Kabba (11 years each), Sidi Koroma, Brima Dumbuya, Mariam Kargbo, Isatu Fofanah and Roystina Hollist for 10 years of dedicated service.