By Rosemary Iwunze
Law Union and Rock Insurance Limited has rebranded to Tangerine General Insurance Limited.
According to the company, the rebranding has received the required approvals from all relevant regulatory authorities.
The company stated that the development is in line with its earlier acquisition by Verod Capital Management Limited, through the Verod Capital Growth Fund III, adding that with the move, Tangerine General joins other associated companies under the Tangerine Financial Africa brand of companies.
The company said: “Tangerine is a leading technology and financial services platform in Africa that consistently goes the extra mile to improve the financial security of its customers by merging deep insights and cutting-edge technology.
“Today, Tangerine comprises of general and life insurance companies, a pension fund administrator, a microfinance bank; and has immediate plans of entering into other closely related verticals.
“All the Tangerine companies are executing a coordinated strategy that seeks to provide African consumers and corporates with a comprehensive suite of financial products and services that are aligned with the very specific needs of their day to day lives and business operations.
“Tangerine provides customers with the opportunity to save, invest, protect and access credit across different channels, while maintaining a consistent standard and emphasis on customer service, digitization and product customization to ensure convenience and satisfaction.”
Speaking on the rebrand, Eric Idiahi, Chairman, Board of Directors, Tangerine General Insurance Limited (formerly Law Union & Rock Insurance Limited), said: “We are excited by the continued progress in our journey towards building a sound, robust and unique financial services group.
“We eagerly anticipate the formal launch of the Tangerine brand in the near term and are working to realize our vision for all our stakeholders.”