Ebere Nwoji
FBS Reinsurance Limited, has reaffirmed its ambition to turn out to be a number one reinsurance establishment in Africa and the worldwide market, with plans for regional enlargement and a capital-raising programme to strengthen its development.
The Managing Director/Chief Executive Officer, FSB Insurance, Mr. Ganiyu Musa , has stated that his firm was pursuing regional enlargement consistent with the National Insurance Commission’s (NAICOM) name for Nigerian insurers to discover different markets.
Musa, disclosed this at an insurance coverage trade leaders’ discussion board organised by FBS Re in Lagos just lately.
He nonetheless stated such enlargement would depend upon regulatory necessities, market circumstances, danger urge for food and the corporate’s monetary capability.
The discussion board, with the theme Connecting Leaders, attracted prime trade executives and greater than 40 chief govt officers from the insurance coverage trade.
Musa stated FBS Re was established by skilled insurance coverage professionals involved in regards to the state of the reinsurance market and the challenges dealing with the trade in Nigeria and throughout Africa.
He described the corporate as a professionally owned and managed establishment dedicated to strengthening native reinsurance capability, retaining extra insurable dangers inside Africa and supporting the Nigerian insurance coverage market.
“FBS Re remains proudly Nigerian, and we are committed to demonstrating that indeed a Nigerian reinsurance institution can build the expertise, the capacity, and partnerships required to compete successfully across Africa,” he stated.
Musa disclosed that the corporate was pursuing regional enlargement consistent with the National Insurance Commission’s (NAICOM) name for Nigerian insurers to discover different markets
He famous that enlargement would depend upon regulatory necessities, market circumstances, danger urge for food and the corporate’s monetary capability.
He additionally revealed that the board was contemplating plans to invite present stakeholders and potential buyers to take part in a capital-raising programme by way of a personal placement, adopted by an preliminary public providing.
