Capital Express Assurance
Life assurance for individual and group as well as annuitiy products and services
Capital Express Assurance Limited was incorporated in 2000 when it took over the life assurance arm of Perpetual Assurance Company Limited, which was then a Composite insurance company. To strengthen the company’s capacity even further, Capital Express Assurance acquired the life arm of thirteen insurance companies during the last recapitalization exercise in the insurance industry in 2007.
The companies include Linkage Assurance Plc, NEM Insurance Plc, Central Insurance Company Limited, First Chartered Insurance Company Limited, United Trust Insurance Company Limited, GTI Insurance Company Limited, Sovereign Trust Insurance Company Limited, and Oasis Insurance Company Limited. Others are Trust World Insurance Company Limited, Hallmark Insurance Company Limited, Regency Life Assurance Company Limited, NGI Insurance Company Limited, as well as Golden Insurance Company Limited.
Now a specialist life assurance company with operations in major parts of the country, the company has an authorized capital of N7.5b, paid-up share capital of N2b, and asset base in excess of N6b.
The company currently has a robust clientele cutting across various sectors amongst which are Government agencies and parastatal, Banking and investment, Multi-nationals, Military and para-military, Clubs and association, Manufacturing, Finance and regulatory bodies, Aviation, Pharmaceuticals, Educational institutions, Hospitality industry, various other corporate organizations in Nigeria, as well as numerous individuals.
In line with its vision to be a world class financial services provider, the company has full-fledged subsidiaries in five African countries.
With a formidable reinsurance treaty in place with African Reinsurance Corporation, the company’s unique strength resides in the area of excellent design and effective management of tailored-made financial services. Capital Express Assurance is reckoned to be the fastest growing life assurance company in Nigeria.