BusinessDay
L-R: Ebose Augustine Osegha, managing director/CEO, Anchor Insurance Company Limited, receiving certificate of licensing of the Company as a nNon-Life Insurer from Olusegun Ayo Omosehin, commissioner for Insurance/CEO, NAICOM, and flanked Ekerete Ola Gam-Ikom, deputy commissioner for Insurance Finance and Administration, NAICOM at the Commission's Head Office in Abuja.
Anchor Insurance Company Limited has successfully met the recapitalisation requirements of the National Insurance Commission (NAICOM) under the Nigeria Insurance Industry Reform Act (NIIRA) 2025, with a renewed commitment to delivering exceptional customer experience.
Ebose Augustine Osegha, managing director/CEO, declared: “Today, our capital base stands in excess of N25.5 billion, significantly exceeding the N15 billion minimum requirement for non-life insurance companies” noting that “this achievement reflects our financial strength, sound corporate governance and long-term commitment to protecting the interests of our customers and stakeholders.”
Having achieved this feat, he hinted on the task ahead, stating that “for Anchor Insurance, this milestone means stronger capacity to underwrite larger and more complex risks, enhanced claims-paying ability, greater confidence for our customers and business partners, expanded opportunities for growth and innovation and continued compliance with the highest regulatory standards.”
He continued: “Most importantly, it strengthens our promise to deliver reliable insurance protection, innovative solutions and an exceptional customer experience at every touch point.”
He thanked the company’s customers for their support and trust. He states: “we sincerely thank you for your unwavering trust and support. Your confidence has been instrumental to this achievement.”
The MD assured stakeholders that: “as we embark on this new chapter, we remain steadfast in our mission to protect what matters most and to remain the insurance company of choice Today and for generations to come.”
Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.
Comments
Start the conversation about this story.