Guinea Insurance P.l.c.
Office phone +234 1 293 ****
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Homepage http://www.guineainsurance.com
LinkedIn Profile https://linkedin.com/company/gui***urance***
HQ Location
Nigeria , Lagos:33 Ikorodu Rd, Fadeyi, Lagos 100231, Lagos, Nigeria
The history of GUINEA INSURANCE PLC dates back to the year 1948 when British West African Corporation Limited (BEWAC) opened an Insurance Department and became Chief Agents in Nigeria for Legal and General Assurance Society Limited of London. In 1950, the Agency was extended to Norwich Union Fire Insurance Society Limited, United Kingdom. In response to Business Growth and to maximize available opportunities, Legal & General Assurance Society Limited, Norwich Union Fire Insurance Society Limited, Northern Region Development Corporation Limited and British West African Corporation Limited jointly incorporated an insurance Company.
Thus, Guinea Insurance Company Limited became operative from December 3, 1958. The Overseas shareholders held 51% majority shares before the indigenization decree of 1976, reversed the holding to 60% Nigerian interest, 40% overseas. The Overseas Shareholders divested their 40% holding to existing Nigerian Shareholders in 1988 thereby making the Company 100% Nigerian.
Insurance, Risk Management and Actuarial Science
The Insurance & Risk Management industry is involved in the assessment and management of risks associated with business activities . Companies in this field specialize in underwriting insurance policies and providing risk management advice to businesses .
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