Stanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

Stanbic IBTC Holdings PLC is pleased to announce that it has obtained all required Regulatory Approvals as well as a License from the National Insurance Commission to establish a wholly-owned Life Insurance subsidiary to be known and referred to as Stanbic IBTC Insurance Limited.

The establishment of this new subsidiary essentially complements the bouquet of product offerings by Stanbic IBTC as it continues its goal of being the leading end-to-end financial solutions provider in Nigeria. In this regard, SIIL will aim to facilitate long term insurance for already financially included individuals and will seek to become the preferred Insurer in the Life Insurance Business.

Stanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full-service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding.

In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade deals between Africa, China and select emerging markets. Standard Bank Group is the largest African financial institution by assets. It is rooted in Africa with strategic representation in 21 countries on the African continent.

Read Also:  NCC: Etisalat’s licence not transferable without approval
- Advertisement -

Standard Bank has been in operation for over 158 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.

Stanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary

- Advertisement -
Stanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary - Brand SpurStanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary - Brand SpurStanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary - Brand Spur

Latest News

Borderless Work: Avon HMO Partners With HR Expo Africa

Recognizing staff wellbeing as a bedrock of organizational performance, Avon HMO was a proud partner at the just concluded...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Stanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary - Brand SpurStanbic IBTC Holdings PLC Announces the Establishment of its wholly-owned Life Insurance Subsidiary - Brand Spur