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Author Mansard  (Read 2550 times)

Description: Mansard Insurance plc

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Offline Isaac Adeniran

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« on: November 21, 2014, 02:13:46 PM »


Mansard Insurance plc was incorporate in June 1989 and has gone through many phases including a nine-year ownership by Guaranty Trust Bank which ended in 2011 with the acquisition of majority shareholding by Assur Africa Holding. Mansard Insurance was listed on the floor of the Nigerian Stock Exchange (NSE) in November 2009 and its market capitalization is currently in excess of N24 billion, making it the insurance company with the highest market capitalization on the Exchange today.

From 2005-2013, Mansard Insurance has grown its turnover at a compounded annual growth rate (CAGR) of 52% in an industry with a CAGR of just 16% over the same period. The company has progressed from the 97th position (in term of market share) out of 109 insurance companies existing in 2003 to one of the top 3 out of 56 insurance companies in 2013. This growth has attracted the attention the attention of analysts from across the world.

In 2013, AM Best, the world’s leading specialist insurance rating agency, reaffirmed Mansard Insurance’s B rating for Financial Strength and bb+ for Issue Credit Rating. Also in 2013, Agusto & Co rated the Company A+ for Credit Risk. These ratings are the highest received by any insurance company in Nigeria.

In 2014, Mansard has been recognized by the Lagos Chamber of Commerce and Inudtry (LCCI) as the Most Innovative and Impactful Insurance Company, while the National Institute of Marketing of Nigeria (NIMN) recognized Mansard as the Most Trusted insurance Company in Nigeria.

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« on: November 21, 2014, 02:13:46 PM »


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« Reply #1 on: January 19, 2017, 11:25:49 PM »
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