L-R: Managing Director, Wapic Insurance Plc, Mrs.Yinka Adekoya; Chairman, Wapic Insurance Plc, Mr. Mutiu Sunmonu CON, and Company Secretary, Wapic Insurance Plc, Ms. Mary Agha, during the company’s 61st Annual General Meeting in Lagos.

By Ngozi Onyeakusi– In view of Wapic Insurance Plc. plans to change its exiting name, shareholders of the firm have been urged to support the resolution.

The Chairman Wapic Insurance Plc., Mr. Mutiu Sunmonu who made the call at the firms 61st Annual General Meeting (AGM) in Lagos, noted, “We have received enquiries from our Shareholders regarding the proposed change of name. We are mindful of the ties a number of shareholders have with our existing name, unfortunately our current name has become a constraint to realizing our company’s growth aspirations.
Shareholders will recall that the Company was established as a subsidiary of Provisional Insurance Company United Kingdom and the name WAPIC is an acronym for the West African Provisional Insurance Company, a relic of the Company’s colonial history. The new name Coronation Insurance Plc reflects our independence from that era and our aspirations to lead the transformation of Nigeria’s Insurance Industry”, he assured.