By Cynthia Alo
ZENITH Prudential Life Assurance Limited is appealing for patronage from insurance brokers.
The company made an appeal when it hosted the August edition of the Nigerian Council of Registered Insurance Brokers (NCRIB) member’s evening and introduced its new majority shareholder, Prudential Plc to the broker community.
Prudential Plc, one of the oldest and strongly capitalised life insurance companies in the world acquired a majority stake in Zenith Life of Nigeria in July 2017. Prudential’s entry into Nigeria, demonstrates its commitment to Africa following the launch of businesses in Ghana and Kenya in 2014, in Uganda in 2015 and Zambia in 2016.
Managing Director of Zenith Insurance, Mrs. Ebelechukwu Nwachukwu said that the company was incorporated in 2001 and has grown its gross written premium at a compound annual growth rate of 22 per cent over the last five years, making it one of the fastest-growing life insurance companies in Nigeria.
She said that Prudential was founded in London in 1848 and enables families to protect themselves against life’s misfortunes and save for aspirations such as paying for school or university fees. The company has £599 billion of assets under management, 24 million insurance customers and has operations in the UK, the US, Africa and 14 markets in Asia.
Chuks Igumbor, Managing Director of Zenith Life, said “Zenith Life is proud to be part of an international brand and is looking to deepen insurance penetration in Nigeria by continuing its existing relationship with the broker community whilst also launching its retail proposition.”
The post Zenith Prudential seeks brokers’ patronage appeared first on Vanguard News.
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