Mr. Solomon Lartey resigned as Managing Director/CEO of Activa International Insurance Company last week. Benjamin Yamoah, the current Deputy Managing Director (Technical Operations) will act as Managing Director.
His resignation, B&FT sources said, was announced after a board meeting last week Tuesday. Lartey, a Professional Insurance Practitioner, was a successful practitioner of great repute during his tenure at Activa International Insurance.
He imbued a conscious culture that places great values on tolerance, respect for facts, logic and an indomitable spirit for identifying problems and proferring solutions to them. He had a knack for figures, with well-developed analytical skills.
Lartey started his insurance career with Enterprise Insurance Company in the late 1990s before travelling to the United Kingdom, to be precise London, to further his academic education. He did work for a number of insurance and mortgage-related organisations in the UK before returning to Ghana, where he joined the Global Alliance Insurance Company as Chief Operations Officer until acquisition of the company by Group Activa. Subsequently, he was elevated to the position of Deputy Managing Director in 2014.
Although B&FT could not assign any reason for his resignation, it will be recalled that before his resignation he has lifted Activa International to be among the top-10 insurance companies in the country by Gross Premium Income.
Activa ended the 2019 financial year with Total Assets amounting to GH¢91.2 million – Gross Premium Income of GH¢74.3million and Claims Incurred of GH¢20.7million. The company is currently the eighth-largest premium earner in the country.
Prior to his departure, he also brought in some innovation by launching the ActivLady programme – a partnership between the IFC and Activa; and also recently led the company to launch an online portal where insurance buyers and clients can buy insurance products in the comfort of their offices and homes, and also pay their premium. He also won several awards for the company.