The award, which was received by the Director of Human Resource and Administration, Mr. Nelson Suulola, on behalf of the Executive Vice Chairman, Mr. Remi Olowude, was in recognition of IGI Plc's leadership of the insurance industry in Nigeria and its contribution to expanding the frontiers of business across Africa.

Olowude said: "We are happy to receive the Insurance Company of the Year Award from City People magazine, especially because it further reinforces what is common knowledge in all markets where IGI Plc has presence that we lead responsibly in our traditional insurance business, just as we reach out to stakeholders in several other sectors of the various economies where we operate through our diversified investment initiatives."

He congratulated the management and staff of IGI Plc as well as clients and other stakeholders for their contributions that helped to achieve the recognition of the company as Nigeria's foremost specialist insurance and risk management experts with a proud African parentage and global outlook.

"The City People Award has provided another platform to enable us enlarge our equity in the global marketplace in the same way that our partnership with Cable Network News (CNN), through our sponsorship of Business Diary and Morning Agenda, has been part of our international brand building strategy to connect with our partners and inspire them to conquer new frontiers".

Olowude said, adding: "This is another landmark in our corporate journey so we should not rest on our oars but continually deliver excellent services to buttress our claim that the insurance world is ours."