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Mr. Benjamin K. Acolatse

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Benjamin K. Acolatse, was appointed Managing Director of SIC on July 16, 2009. Until his appointment, he was Managing Director of Mainstream Re-insurance company, the only privately owned re-insurance company in Ghana for six years.

He holds a Bachelor of Arts (BA Hons) degree in Political science from the University of Ghana, Legon. He is a Chartered Insurer and Fellow of the Chartered Insurance Institute (CII), UK, which he obtained in 1994. He was the first African to have won the Rutter Golden Award in 1994 from CII- an award reserved for the best qualifying fellow of the institute.

Mr. Acolatse's insurance career started from Enterprise Insurance Company in 1985. He joined the then State Insurance Company in mid 1986 and rose to the rank of Senior Manager, by 1999 having headed the Accident and Motor Claims Departments.

He became the General Manager of Vanguard Assurance from 1999 to 2003 before he was appointed as Managing Director of Mainstream Reinsurance Company in the 2003. He remained in that position until 2008 when he was appointed as Managing Director of SIC Insurance Company the biggest Non-Life insurance company in Ghana a position he held until May 2012.

He has served the Insurance Industry in Ghana in various positions – as Vice President of the Ghana Insurance Association (an umbrella group of all registered Insurance companies) from 2006 to 2008 and became the President from 2009 up to 2012. He was the first Board Chairman of the Academic Board of the Ghana Insurance College from 2006 to 2009.

Presently Mr. Acolatse is into private practice as an Executive Director of ICE Insurance Company Ltd, an insurance brokerage firm.


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