BY NGOZI ONYEAKUSI

MD/CEO Unitrust Insurance

Unitrust Insurance Company Limited has announced hat it has successfully met the NIIRA 2025; recapitalization requirement, and had received her New license from the National Insurance Commission (NAICOM ) marking a significant milestone in the Company’s growth and long-term strategic vision.

This achievement follows the successful completion of the Company’s capital raising initiative through a Rights Issue, which was concluded successfully.

The enhanced capital position reinforces Unitrust Insurance’s financial strength, its underwriting capacity, and further positions the Company to deliver innovative insurance solutions while creating sustainable value for its customers, business partners, and shareholders.

Commenting on the achievement, the Managing Director/CEO Mr. Adedayo Arowojolu expressed appreciation to the Company’s shareholders, customers, business partners, employees, and all stakeholders for their unwavering confidence and support throughout the recapitalization process.

This milestone underscores Unitrust Insurance’s commitment to financial resilience, operational excellence, and its readiness to seize emerging opportunities in the insurance industry while continuing to provide exceptional value to all stakeholders.

SOCIAL MEDIA / WEBSITE UPDATE
🎉 We’ve Successfully Met the NIIRA 2025 Recapitalization Requirement!
Unitrust Insurance Company Limited has successfully met the NIIRA 2025 recapitalization requirement and we have received our new license from NAICOM as a Non-life Insurer .

This important milestone reflects our financial strength, reinforces our underwriting capacity, and positions us to provide even greater protection, innovative insurance solutions, and lasting value to our customers, business partners, and shareholders.