PenCom approves Norrenberger’s acquisition of IEI-Anchor Pension - Punch Newspapers

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PenCom approves Norrenberger’s acquisition of IEI-Anchor Pension

The National Pension Commission on Tuesday approved Norrenberger’s acquisition of IEI-Anchor Pension.

It stated, “Norrenberger has obtained all necessary approvals from the Federal Competition and Consumer Protection Commission, the Securities and Exchange Commission, and the National Insurance Commission for the acquisition. With the acquisition, it said, Norrenberger would expand and further strengthen its business model to improve product and service distribution to clients across Nigeria.

The statement said IEI- International Energy Insurance started operations in Nigeria in 1969, as the country’s first energy-focused insurer focusing on offshore and onshore risks alongside general insurance services.

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