Zenith Life introduces majority shareholder to stockbrokers
Zenith Life Assurance Limited hosted the August edition of the Nigerian Council of Registered Insurance Brokers (“NCRIB”) Member’s evening and introduced its new majority shareholder, Prudential Plc to the broker community.
Prudential Plc, one of the oldest and most strongly capitalised Life insurance companies in the world acquired a majority stake in Zenith Life of Nigeria in July 2017.
Prudential’s entry into Nigeria, Africa’s largest economy, with a population of over 180 million, demonstrates its commitment to Africa following the launch of businesses in Ghana and Kenya in 2014, in Uganda in 2015 and Zambia in 2016.
Zenith Life, incorporated in 2001, has grown its gross written premium at a compound annual growth rate of 22 per cent over the last five years, making it one of the fastest-growing Life insurance companies in Nigeria.
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