Insurance Company was incorporated in November, 1986 following the cessation
of business by the two British Insurance Companies, The Lion Insurance
Company Limited (formally Guardian Royal Exchange) and the Northern
Assurance Company. Both Companies finally decided to close down because of
the massive devaluation which was announced by the Minister of Finance in
his budget speech in June 1986.
Aureol Insurance Company is registered as an Insurance Company under the
Sierra Leone Insurance Act 2000 with a paid up capital of 1.3 billion and
assets of over 20 billion. It is
the first indigenous Public Liability Company in Sierra Leone. Our Company
is fully composite i.e. we underwrite all classes of business.
In addition to the traditional lines viz Fire, Marine, Motor and Accident,
we are able to offer Engineering Insurance, Electronic Insurance, Life
Assurance and Medical Insurance.
Our emphasis on customer care, high standards of underwriting and efficient
claims administration have all enabled us to achieve a market share of over
35% in Sierra Leone. Our clients include Blue Chip Companies who recognise
the excellent security and service that we provide.