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View Full Version : Heath Lambert celebrates 50 years anniversary By Alison Anis


aussie
09-08-2003, 07:04 PM
Last Friday saw yet another successful celebration of one of the longest serving and pioneer insurance company existing in Papua New Guinea for 50 years.

The Heath Lambert Group insurance brokers celebrated their long-standing 50th anniversary at the National Parliament’s State Function Room on Friday evening.

It was a proud evening for the staff and management of Heath Lambert and the event was attended by the company clients, guest members and stakeholders numbering almost 200.

aussie
09-08-2003, 07:09 PM
Big companies like Steamships, Brian Bell including the Port Moresby Chamber of Commerce, and smaller companies are insured under the insurance group.

aussie
09-08-2003, 07:10 PM
For 50 years we have shared your history. We would be privilege to share your future,” Gavin Pearce, the Chief Executive Officer (CEO) of the Heath Lambert Group for Australasia said when addressing the stakeholders and the management and staff of the group of companies in the country who were present during the anniversary gathering.

aussie
09-08-2003, 07:11 PM
Key speakers during the event included, Honorable Minister for Finance and Treasury, Bart Philemon, CEO Gavin Pearce, Managing Director for Steamships, John Dunlop and Insurance Commissioner who decided a toast to another successful 50 years for the insurance group.

aussie
09-08-2003, 07:12 PM
The insurance group first opened its offices in Papua New Guinea in 1953 which was well before PNG gained its independence in 1975 and since has occupied an important position in PNG’s financial sector.

aussie
09-08-2003, 07:15 PM
Though it is still servicing and has provided insurance services for many years the insurers has survived and continued to operate financially through different names.

“Our early records clearly indicate we were confident about our future prospects and we certainly remain so today,” Mr Pearce said.

aussie
09-08-2003, 07:16 PM
He stressed that their success was contributed “to no small measure” by the Support of their local partners. Mr Pearce was referring to the company stakeholders operating locally in the country.

aussie
09-08-2003, 07:17 PM
The CEO highlighted some of the major setbacks the company went through in PNG and this includes the closure of one of PNG’s biggest mines, Panguna Mine in Bougainville, the “run off” at the Misima Gold Mine, the countdown at Ok Tedi and the positive and negative publicity about the Highlands Gas Pipeline project.

aussie
09-08-2003, 07:17 PM
However, he said despite all these the resilience of the government and people maintained a spirit of confidence and progress.

aussie
09-08-2003, 07:18 PM
Minister Bart Philemon when speaking during the occasion said the need for appropriate Government involvement in a regulatory capacity should be acknowledge in the recognizing the importance of an efficient domestic insurance industry and in contributing to the economic growth and stability of PNG.

aussie
09-08-2003, 07:19 PM
“The government through the office of the Insurance Commissioner is able to promote, sound and prudential practice by brokers and insurers alike. As in the case with banking, it is equally important to protect policy holders from the perils of the collapse of their insurers,” Minster Bart said.

aussie
09-08-2003, 07:19 PM
Mr Pearce said that the influence of the Insurance industry in the economic well being of the country should not be underestimated.

aussie
09-08-2003, 07:20 PM
He said: “Insurance provides essential security to business large and small as well as protecting the individual from unmanageable loss. We as insurance brokers provide as effective conduit to the insurance market both local and overseas.”

aussie
09-08-2003, 07:21 PM
He stressed that they regard themselves as true partners to their clients and helping them manage their business risks and build successful business was their objective and their contribution to the success of businesses supports a healthy economic.


/Ends

aussie
09-08-2003, 07:22 PM
Other photographs taken on the night : Pic 1

aussie
09-08-2003, 07:23 PM
Other photographs taken on the night : Pic 2

aussie
09-08-2003, 07:23 PM
Other photographs taken on the night : Pic 3

aussie
09-08-2003, 07:24 PM
Other photographs taken on the night : Pic 4

aussie
09-08-2003, 07:25 PM
Other photographs taken on the night : Pic 5