Industrial And General Insurance Plc (IGI) has been appointed the Official Insurer of the Nigeria Premier League (NPL).Â The endorsement came at a contract signing ceremony attended by officials of IGI AND NPL and Carrier Insurance brokers IN Lagos recently.
The contract, worth over N38million, made IGI the exclusive official insurance company for the NPL, for the next three years, starting from the current football season. By this, IGI will provide insurance cover for all the participating teams, officials and players engaged in the Nigeria Premier League.
Mr Rotimi Fashola, Deputy Managing Director (Operations) signed the contract with NPLâ€™s Executive Secretary, Mr Alhassan Yakmut while Mrs â€˜Lola Oshiafi, Group Managing Director of Carrier Insurance Brokers Limited also appended her signature. IGIâ€™s Fashola said that insurance companyâ€™s appointment as NPL Official Insurer reflected IGIâ€™s leading role in the Nigerian insurance market as well as a recognition of the companyâ€™s support for the development of sport, particularly football, in Nigeria.
â€œIGI is widely reputed for support of sports in Nigeria and indeed in Africa, and our partnership with NPL as the Official Insurer is a continuation of our commitment to the development of sport and the youth in Nigeria,â€ he said.
Yakmut stated that NPL decided to partner with IGI because of the companyâ€™s robust programme for the League. â€œApart from sponsoring the League as official insurer, they are also providing us with moral and material support during our major programmes including our annual congress, seminars and workshops.â€
Mrs Oshiafi expressed happiness that Carrier Insurance was able to broker the deal that led to the partnership between IGI and NPL.
â€œWe are happy that this formal contract signing has come up today. It is a manifestation of the great roles played by all the parties to this noble agreement,â€ she said.
IGI is one of the biggest insurance companies in Nigeria with shareholdersâ€™ funds in excess of N31 billion and assets base in excess of N45 billion.