IGI Targets Retail Insurance Market After Reshuffle, Shareholders Greenlight
Industrial and General Insurance (IG) Plc has announced efforts to target Nigeria’s underserved retail insurance market as part of strategy to revitalize the company and drive future growth.
This was among resolutions reached at its Annual General Meeting (AGM) held on the March 1, 2024, at the IGI House in Abuja, where shareholders ratified new board members, auditor appointments, and share issuance.
In remarks to shareholders, the newly appointed Managing Director/CEO, Mr Akinlolu Akinyele, pledged an unrelenting commitment to IGI’s turnaround.
He unveiled plans to focus on the underserved retail insurance market in Nigeria by investing in technology and innovative products tailored to individuals and small businesses. READ MORE
IGI Set to Reclaim Top Position in Insurance Industry
The Industrial and General Insurance (IGI), has reiterated its commitment to reclaim its leadership position in the insurance industry as Coopvest Limited acquired a substantial 40.7 per cent interest in the company in order to position it to accelerate its 5-year strategic plan.
The Managing Director of the company, Akinlolu Akinyele, who said this in a statement by the Head of Brand and Corporate Communications, Olufunmilayo Afolabi, disclosed that the private placement had succeeded in injecting capital into the business thereby opening growth opportunities to the business and its numerous customers.
According to the statement, with a historic Annual General Meeting (AGM) for the acquisition slated for March 1, the strong relationship with the Cooperative Federation of Nigeria and its over 20 million members would also boost the transition and ecosystem of the company. READ MORE
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