Established in 1963, AIICO Insurance Plc (NSE Ticker: “AIICO”) is an insurance, pensions management, and asset management Group in Nigeria with market-leading positions in its key business lines:1. Life assurance and annuity
2. General insurance and special risks
3. Pension management
4. Health insurance and
5. Asset management
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and Pension products and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.
Following the insurance industry’s consolidation in 2007, the Company acquired NFI Insurance plc and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO’s pre-acquisition gross premiums). The Company subsequently re-certified as both a General Insurance and Life Assurance Company – taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.
As an insurance company, AIICO’s goal is to be the insurer of choice and the leading insurance company in Nigeria – providing life insurance and retirement services as well as risk underwriting to a substantial and diversified client base, which includes corporations, financial institutions, governments and individuals in Nigeria.
No Records Found
Sorry, no records were found. Please adjust your search criteria and try again.
Google Map Not Loaded
Sorry, unable to load Google Maps API.
At Sterling Bank, our customers are our number one priority and we value their feedback and ideas. We’ve made sure there are plenty of ways to stay in touch. Sterling Bank Plc “the one-customer bank” is a full service national commercial bank in Read more [...]
FirstBank has solidified itself as a brand of fortitude, strength and innovation in the Nigerian financial sector since its inception in 1894. The iconic African elephant with navy blue and ivory colours has been a national symbol of one of the bigges Read more [...]
At Wema Bank, we cherish the value of relationships and you have been a critical part of our resilience & successes for over 60 years. Every interaction with you helps us serve you better. For more information, kindly log on to www.wemabank.com
The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution. It was reconstructed in 2001 out of the Nigerian Industrial Development Bank (NIDB) Limited, which was incorporated in 1964. The ban Read more [...]
RenMoney MFB Limited is a consumer finance organization with expertise in the provision of simple money solutions i.e. the bridge between credit and cash flows. We received our operating license on October 17, 2012 and started issuing cash loans to cu Read more [...]
Michelle & Anthony is one of the top management consulting firms in Nigeria, Lagos. We provide training in business consulting, financial planning, overseas education.
First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of Read more [...]
Remita – Receive and Make Payments easily. Developed by SystemSpecs, Nigeria’s foremost software house, Remita has adopted by the CBN as the e-Payments and e-Collections platform of the Federal Government which is a testimonial to Read more [...]
Oak Pensions Limited (PFA) is set up for the business of Pension Fund Administration under the new Pension Reform Act 2014. The company’s focus and strength will be the application of modern information technology for the management, operation and inv Read more [...]
We are happy to introduce Page MFBank Limited, an innovative consumer finance company that offers outstanding retail products and services to suit the financial requirements of our diverse clientele. At Page, we continuously strive to understand our c Read more [...]