By PROVIDENCE OBUH

Consequent upon the merger between Custodian & Allied Insurance Plc and Crusader Nigeria Plc, two insurance companies, the Board and Management of Crusader Insurance Plc have said that the new company will now be known as Custodian & Allied Plc.

According to a statement signed by Chukwudum Ofomata, Brand & Communications Manager, Custodian and Allied Plc, the merger has created the integration of skills, information technology (IT) and back office processes which will be to the advantage of the customers of the company.

“Our merger has created invaluable integration of skills, information technology and back office processes. Now customers can take advantage of our increased spread, improved operational efficiencies and expanded product portfolio.

“The merger between Custodian & Allied Insurance Plc and Crusader (Nigeria) Plc leverages on 79 combined years of insurance and financial services experience.”

According to Ofomata, the strengths of Custodian & Allied Plc are its stronger balance sheet, financial capacity, improved operational efficiencies and an expanded product portfolio, adding that the firm has greatly expanded its scope of services with the merger with Crusader (Nigeria) Plc.