Established in 1963, AIICO Insurance Plc is an insurance, pensions management, and asset management Group in Nigeria with market-leading positions in its key business lines:
1. Life assurance and annuity
2. General insurance and special risks
3. Pension management
4. Health insurance and
5. Asset management
The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and Pension products and insurance services. It was later renamed American International Insurance Company Limited (AIICO) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders divested.
Following the insurance industry's consolidation in 2007, the Company acquired NFI Insurance Plc and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO's pre-acquisition gross premiums). The Company subsequently re-certified as both a General Insurance and Life Assurance Company – taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.
To take advantage of the opportunities presented by the Pension Reform Act of 2004, AIICO Pension Managers Limited (“APML”) was incorporated in February 2005 and licensed in April 2006 as a Pension Fund Administrator (“PFA”) by the National Pension Commission (“PenCom”), and commenced operations in May 2006.
AIICO also owns valuable financial and strategic assets including a controlling stake in AIICO Multishield Limited and a 19% stake in Healthcare International Limited (both healthcare management organisations (HMOs), and AIICO Capital Limited (an asset management wholly-owned subsidiary).
Company Details
- Employees
- 2.98K
- Founded
- -
- Address
- Plot Pc 12 Churchgate Street, Victoria Island,lagos 101241,nigeria
- Phone
- +700-244-266-8228
- ai****@****plc.com
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- aiicoplc.com
- Keywords
- Life Insurance, General Insurance, Investments, Travel Insurance, Auto Insurance, Business Insurance, Marine Insurance, Education Insurance, Annuity.
- HQ
- Victoria Island, Lagos
Aiico Insurance Plc Questions
Aiico Insurance Plc's helpline number is +700-244-266-8228
Aiico Insurance Plc's website is aiicoplc.com
Aiico Insurance Plc's LinkedIn profile is https://ng.linkedin.com/company/aiico-insurance-plc
Aiico Insurance Plc has
2.98K employees.
View email and phone details for 2.98K
employees at Aiico Insurance Plc.
Aiico Insurance Plc's industry is
Insurance
Aiico Insurance Plc's top competitors are
Sanlamallianz Nigeria Insurance Ltd,
Tangerine Africa,
Nem Insurance Plc,
Custodian Investment Plc,
Cornerstone Insurance Plc,
Leadway,
Heirs Insurance Group,
Axa Mansard,
Consolidated Hallmark Insurance Ltd,
Nsia Insurance Limited.
Aiico Insurance Plc's support email address is aiicontact@aiicoplc.com
Aiico Insurance Plc's categories are Insurance
Aiico Insurance Plc's founding year is 1963
