The legal battle over the termination of Hollistar Duah-Yentumi’s tenure as Managing Director of SIC Insurance Company Limited has come to an end, as she has formally withdrawn her court application.

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Duah-Yentumi had contested the decision to remove her from office, arguing that her contract secured her position until January 1, 2028. Her suit, filed on February 4, 2025, challenged both her dismissal and the appointment of James Agyenim-Boateng as the new Managing Director, citing violations of corporate governance principles.

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However, following a high-level meeting on February 6, 2025, an agreement was reached to resolve the matter outside the courtroom. As part of this arrangement, she has dropped her lawsuit against the company and its newly appointed Acting MD.

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Duah-Yentumi had previously asserted that any modification to her tenure required the approval of SIC’s Board of Directors or a resolution at an Annual General Meeting.

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With the withdrawal of the case, both parties are expected to conclude their settlement discussions privately.

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