Allianz Group has completed the acquisition of 99.03 percent of the shares in Ensure Insurance PLC from its core shareholder, Green oaks Global Holdings Ltd.
The Group’s Africa Regional Chief Executive Officer (CEO), Coenraad Vrolijk announced this at a press briefing in Lagos.
Vrolijk explained that ensure offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
The company, according to him will operate in Nigeria as Ensure – a company of Allianz
The firm’s chief responsibility officer, Owolabi Salami, explained that the acquisition will be highly beneficial to their business and improve their service platform to their valued clients.
He said the company is excited to harness the depth of technical competence that Allianz has acquired over the years and experience garnered through serving clients in various sectors.