Industrial and General Insurance Plc (IGI) has won the coveted â€˜Insurance Company of the Year Awardâ€™ at the 13th Annual City People Awards for Excellence, which took place in Lagos recently.
The award, which was received by the Director of Human Resource and Administration, Mr Nelson Suulola, on behalf of the Executive Vice Chairman, Mr. Remi Olowude, was in recognition of IGI Plcâ€™s leadership of the insurance industry in Nigeria and its contribution to expanding the frontiers of business across Africa.
Olowude said: â€œWe are happy to receive the Insurance Company of the Year Award from City People magazine, especially because it further reinforces what is common knowledge in all markets where IGI Plc has presence that we lead responsibly in our traditional insurance business, just as we reach out to stakeholders in several other sectors of the various economies where we operate through our diversified investment initiatives.â€
He congratulated the management and staff of IGI Plc as well as clients and other stakeholders for their contributions that helped to achieve the recognition of the company as Nigeria â€™s foremost specialist insurance and risk management experts with a proud African parentage and global outlook.
â€œThe City People Award has provided another platform to enable us enlarge our equity in the global marketplace in the same way that our partnership with Cable Network News (CNN), through our sponsorship of Business Diary and Morning Agenda, has been part of our international brand building strategy to connect with our partners and inspire them to conquer new frontiers,â€ Olowude said, adding:
â€œThis is another landmark in our corporate journey so we should not rest on our oars but continually deliver excellent services to buttress our claim that the insurance world is ours,â€ Industrial and General Insurance Plc (IGI) commenced business in 1992 and has been market leaders in the underwriting of general insurance and specialized industrial risks, especially Oil, Gas, Maritime, Aviation, Engineering and Industrial Risks. The IGI Group is the largest insurance company in Nigeria and the largest underwriter in West Africa .
Insurance remains the flagship of the IGI Group, which has shareholdersâ€™ funds in excess of N31 billion and assets base in excess of N45 billion, with subsidiaries and strategic investments in other diverse sectors, notably: Real Estate, Banking, Telecommunications, Mining, Construction, Waste Management and Engineering. IGI Plc operates in 45 branches spread across Nigeria and has subsidiaries in other African countries, notably Uganda , Rwanda , Ghana and The Gambia, with representative offices in London and Washington , DC .