" class="no-js "lang="en-US"> Allianz Group completes acquisition of Ensure Insurance in Nigeria - Fintech Finance
Thursday, May 30, 2024

Allianz Group completes acquisition of Ensure Insurance in Nigeria

Allianz Group announced today the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.

The company will operate in Nigeria as Ensure – a company of Allianz.

Allianz Group views Nigeria as a high-potential market in Africa with a strong regulatory environment and promising demographics.

“We are pleased to enter this fast-growing market through the acquisition of a solid financial player with strong local expertise. This new step of development will allow us to leverage the strength of the Allianz Group and the expertise of the Nigerian team to provide high quality products and services to Nigerian customers in both personal and commercial lines,” said Coenraad Vrolijk, Regional CEO of Allianz Africa.

  1. American Express and Ecobank Group Sign Agreement to Expand American Express Acceptance in 21 countries in Sub-Saharan Africa Read more
  2. Axis Bank and Mastercard Collaborate to Launch NFC Soundbox Read more
  3. Papara Acquires SadaPay Read more
  4. ABN AMRO Announces Acquisition of Hauck Aufhäuser Lampe Read more
  5. DTCC, Clearstream, and Euroclear Develop Framework to Advance Adoption of Digital Assets Read more