New investors to boost insurance firm's capacity

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The Chairman, International Energy Insurance Plc, Alhaji Bukar Goni, has said the new investors of the company, Norrenberger Advisory Partners Limited, will build the IEI’s capacity and focus on its growth plan.

“We are going to also revamp our products to ensure that we have products that speak to the specific needs of the marketplace.”

The Managing Director, IEI, Mr Ebun Ayeni, stated that Norrenberger had already injected capital into the company for the settlement of outstanding liabilities. He said, “The board, management and staff of International Energy Insurance Plc wish to congratulate its new investor, Norrenberger Advisory Partners Limited for the successful conclusion of its five-year audit and the release of the annual reports of the company.

“Norrenberger had in January 2022, obtained the approval of the National Insurance Commission to acquire 100 per cent equity in International Energy Insurance Plc, and further obtained approval from the NGX in September 2022 for the block acquisition of 50.6 per cent equity holding in the company. “Norrenberger has committed to contribute to the transformation and growth of the insurance industry by leveraging on technology as well as by the deployment of top-notch human capital development programmes.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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