Incorporation – 16th June, 1993
Licensing – 3rd March, 1994
Authorized Share Capital – N6 billion
Class of Business – General Insurance Business
From a small beginning, Regency Alliance Insurance Plc has grown steadily to become a leading underwriter and financial services provider in West Africa. Understanding and responding to our customers’ needs is at the heart of our business. It is something we have been doing for about two decades. We generate sustainable value for our shareholders through a relentless focus on meeting our customers’ protection needs and a disciplined approach to investing in the most profitable growth opportunities.At Regency Alliance Insurance plc, our team helps you plan for whatever life may bring – a new house or car, or property. They’re also there for you when the unexpected happens, like an accident or a loss. With Regency Alliance Insurance, you get high-quality coverage, sensible advice and a helping hand.
Drawing on deep industry and underwriting expertise, superior claims handling, and market experience, we offer customized Insurance Products in collaboration with our intermediaries and Technical Partners all over the world.
Our progressively growing clientele base and expanding business portfolio, led to the formation of four subsidiaries from one of our Strategic Business Units. We are expanding our operations to West African Coasts with the goal of unifying and growing the sub-regional insurance market.
Our Board of Directors consists of distinguished and eminently qualified persons from key sectors of the economy.
To create wealth for all stakeholders and mitigate risks associated with it.
Our Core Values
The company has been in operation since 1994 as a private company. We are drawing from technical expertise and knowledge of both local and international markets acquired over the past two decades. Early in 2007, three other strong insurance brands merged with us making us a more formidable force and leading player in Nigeria’s Insurance Industry.
We reached a milestone in 2008 when we became part of the league of Publicly Quoted Companies. This is aimed at broadening our ownership structure and expanding our operations. As a public quoted company, we are also able to increase our capacity for insuring volatile risks. We are expanding our operations to some African countries through formation of Subsidiaries aiming to unify and expand the regional insurance market.
We established an integrated system comprising of qualified and competent Staff, Information Technology and a conducive office environment which enables us to deliver professional yet cost effective services to meet clients’ satisfaction.
We believe that the human element is critical to our success; therefore we pay attention to the education, training and development of our staff.
We are committed to constantly upgrading our Information Technology so as to provide adequate tools for the staff.