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GUINEA INSURANCE

Last update 3 months ago

Industry Finance | Insurance (185)
Lagos, Nigeria
Workforce - Listed on NSE-Nigeria (GUINEAINS)

+234 1 293 4575

Email info@guineainsurance.com Website


Guinea Insurance (GI) Plc has always lived up to its name by being one step ahead of the industry and relentlessly providing better and affordable insurance solutions.

Our story began in 1948 with a strategic tripartite alliance forged by: British West African Corporation Limited (BEWAC); Norwich Union Fire Insurance Society Limited and Northern Region Development Corporation Limited. This alliance hatched today's virile and forward driven insurance company - Guinea Insurance (GI) Plc

Thus, the Company was incorporated as a Public Limited Liability Company on 3rd December, 1958 and licensed in 2007 by the National Insurance Commission (NAICOM) to provide exceptional non-life insurance underwriting solutions to its numerous customers in Nigeria.

History

The history of GUINEA INSURANCE PLC dates back to the year 1948 when British West African Corporation Limited (BEWAC) opened an Insurance Department and became Chief Agents in Nigeria for Legal and General Assurance Society Limited of London. In 1950, the Agency was extended to Norwich Union Fire Insurance Society Limited, United Kingdom. In response to Business Growth and to maximize available opportunities, Legal & General Assurance Society Limited, Norwich Union Fire Insurance Society Limited, Northern Region Development Corporation Limited and British West African Corporation Limited jointly incorporated an insurance Company.

Thus, Guinea Insurance Company Limited became operative from December 3, 1958. The Overseas shareholders held 51% majority shares before the indigenization decree of 1976, reversed the holding to 60% Nigerian interest, 40% overseas. The Overseas Shareholders divested their 40% holding to existing Nigerian Shareholders in 1988 thereby making the Company 100% Nigerian.

After the 2007 Recapitalization exercise in the industry, Guinea Insurance Plc is licensed by the National Insurance Commission (NAICOM) to operate as an Insurer for all classes of General Insurance business. A copy of our new license is enclosed herewith; now, the Company has been fully restructured and repositioned to meet the ever-changing needs of our numerous customers as well as the challenges of the new millennium.

GUINEA INSURANCE PLC is now managed by a crop of highly skilled and committed professionals, driven by modern technology and supported by vibrant and resourceful Board of Directors led by Sir Emeka Offor [KSC]. The company is positioned to provide excellent insurance services of global standard that yield high value-added to our numerous customers.

BOARD (0 female, 9 males)

B... O...

Chief Executive Officer
Effective 3 months ago
VERITAS KAPITAL ASSURANCE
Nigeria - Finance | Insurance
Executive Director, Operations
Left 6 months ago

Acting Chief Executive Officer
2017 - 2017

GUINEA INSURANCE
Nigeria - Finance | Insurance
Chief Executive Officer
Effective 3 months ago

30 relationships

G... C...

Chairman
Effective 2 years ago

O... B...

Non-Executive Director
Appointed to the board 2 years ago

M... T...

Non-Executive Director
Appointed to the board 2 years ago

H... D...

Non-Executive Director
Effective 2 years ago

A... A...

Non-Executive Director
Effective 2 years ago

S... O...

Non-Executive Director
Effective 2 years ago
ENUGU ELECTRICITY DISTRIBUTION COMPANY
EEDC
Nigeria - Energy | Power & Electricity
Head, Revenue Cycle Services
Effective 3 years ago


GUINEA INSURANCE
Nigeria - Finance | Insurance
Non-Executive Director
Effective 2 years ago

32 relationships

C... U...

Non-Executive Director
Effective 2 years ago

A... O...

Independent Non-Executive Director
Effective 8 years ago

Left the company less than a year ago

I... O...

Acting Chief Executive Officer
Left 3 months ago
MANAGEMENT

O... O...

Company Secretary And Legal Adviser
Effective 11 months ago

E... O...

Executive Director, Finance And Administration
Ongoing

W... F...

Executive Director, Technical
Ongoing

O... A...

Acting Head, Marketing
Ongoing



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