Lasaco Meets The Recapitilisation Deadline

Lasaco Assurance Plc, under the new leadership of Chief Mrs Teju Philips, has scaled the first hurdle of the recapitalisation exercise for insurance and reinsurance companies mulled by the National Insurance Commission (NAICOM) for the strengthening of the financial bases of underwriters.

The Company met the 31st December 2020, deadline given to underwriters to recapitalise by the nation's insurance regulatory body, the National Insurance Commission (NAICOM). 

This laudable feat by Lasaco Assurance has further increased the shareholders' confidence in the management's decisions with a hope for a better and rewarding future. The Company was able to beat the recapitalisation deadline, following the injection of ₦3.5 billion by its major shareholder.

Lasaco Assurance Plc is a registered composite insurance and financial services company in Nigeria that offers Life and non-life Insurance, Oil and Gas Insurance, Asset Management and Investment Financial services. It was incorporated on 20th December 1979 and was granted License to carry out insurance and other related businesses on 7th July 1980. On 1st August 1980, the Company commenced operations. 

The Company currently operates from its headquarters at Ikeja, Lagos State Nigeria with branches and underwriting offices in 15 other locations.


Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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