Liberia: Omega Insurance Celebrates 11 Yrs of Leadership, As New CEO Takes over Rebranded Company

Omega Insurance Group Limited Board of Directors, Cllr. Cyril Jones performs the leadership transition, where former CEO Ananaba turns over gavel of authority to his son, Gajay Ananaba as the new MD and CEO

MONROVIA – Mr. Charles A. Ananaba, Managing Director and CEO of Omega Insurance has retired, after 11 years of dedication and commitment towards deepening the company’s foot firm to the ground in the insurance business in Liberia. 

His son, Gajay Ananaba, will now serve as the Chief Executive Officer of the company which has been rebranded as Omega Insurance Group Limited.

Mr. Charles Ananaba and his wife, Patricia R. Ananaba who served as vice president for administration and head of Human Resource, both retired on Saturday, November 24, 2018 during an elaborate ceremony held at Millennium Guest House in Congo Town.

Mr. Charles Ananaba, former CEO, Omega Insurance 

Prior to his new appointment, Gajay served as chief operating officer at Omega Insurance. He served that post for 10 years. In that capacity, he was instrumental in running the day-to-day affairs of the company.

The new CEO thanked his parents for their untiring role in making him the man he has become.

“It will be my endeavor to sustain the efforts of my parents and ensure an even brighter future for Omega with knowledge, customer-centricity and technology as the core mantra. As I embark on this journey, I hope to sustain the brand’s rich legacy and further strengthen it to a higher height.”

“As we move forward with the transition of leadership and the rebranding of Omega Insurance Company to Omega Insurance Group Limited, our loyal and valuable insureds; and the general public can rest assured that Omega’s vision, mission, and core values remain the same,” he said.

Mr. Gajay Ananaba  Promised to Continue the Legacy of Greatness

Acknowledging his esteemed customers, Gajay Ananaba promised that Omega will continue to provide quality and affordable financial services to the private sector at a fair price.

He added: “As an Insurance Group, we will continuously strive to be the leader in the non-banking financial sector through professionalism, perseverance, trustworthiness, and customers focus—“our core values.”

 “We diversify our book of business, and operate multiple profit centers; we are cognizant of the many challenges we will be faced with in this economy; and will rely heavily on our risk management expertise that has been the backbone of our operations.”

In his remarks, Mr. Charles L. Ananaba, now former CEO said, “I’ve had a long happy and rewarding tenure of 11 years relying solely on one of the two profit centers of an insurance company, especially underwriting.  Even though, we have become one of the premier insurance institutions in the country, we must also be honest with ourselves and understand that maintaining a profitable book of business requires diversification.”

He told his business partners at the rebranding ceremony that as they operate as an insurance group with multiple profit centers that will ascertain “our future obligations to policyholders are met timely and in good-faith.

“As humans, we must accept change. The late Steve Jobs once said ‘You can’t connect the dots looking forward; you can connect them looking backwards. So you have to trust that the dots will somewhere connect in your future.’ So today, I am here to tell that I have been able to connect the dots in the past and I can assure you that they will connect in the future,” he said.

The former Omega Insurance Group MD said, “As I retire today, I truly believe that those dots have connected to enable me to trust that Omega is in great hands. We have mentored our son, Gajay L. Ananaba over the past 31 years, to become a better CEO than me. We have bestowed upon him the necessary tools to spearhead Omega to greater heights.”

He promised all his insureds that they are should not worry, because they are leaving in a great hand.

Mr. Ananaba, who lauded his many staff for bringing new inspiration and joy to his life, said he and his wife started Omega Insurance because of the inspiration they received from being the only Loss Adjusting firm in Liberia, adding that, “We saw the need for quality service and technical underwriting. We understood what it meant to create an insurance company that could lead the industry by example.”

However, Ananaba said, the company was first known as Delta and was established in 2008, and after years of operations the name officially changed to Omega.

Meanwhile, the event was attended by Omega customers as well as the Lebanese and India business communities.

The anniversary and rebranding celebration also commemorated the groundbreaking of a recreational center in Brewersville.