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International

Ghana: Four insurers to underwrite gas project for $801 million

November 25, 2014 Reprints

Four Ghanaian insurers have signed a deal to underwrite the country's biggest gas infrastructure project in Atuabo for $801 million, AFKInsider reports citing Business and Financial Times.

Insurers covering the project – being developed by Ghana National Gas Co. – are SIC Insurance Co. Ltd., Phoenix Insurance Co. Ltd., Vanguard Assurance Co. Ltd. and GLICO Group Ltd. SIC and GLICO would underwrite 50% and 30% of the risks, respectively, while Phoenix and Vanguard would take up 10% each.

The deal will cover the production phase.

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Ghana: Four insurers to underwrite gas project for $801 million

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