konga Ad Campaign konga Ad Campaign konga Ad Campaign
ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Friday, July 1, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Zenith-Prudential Insurance berths in Nigeria

DIGITAL CAMERA

Zenith-Prudential Insurance berths in Nigeria

byPress Release
July 13, 2017
2 min read

Zenith-Prudential, the outcome of the partnership between Zenith Life Insurance and Prudential Life has berthed in Nigeria’s Insurance landscape.

“The union is set to literarily redefine the Nigerian insurance sector considering the pedigree of Prudential Plc, as one of the oldest and most capitalized life insurance companies in the world and Zenith Life been one of the fastest growing life insurance companies in Nigeria, with gross written premium of N3.3 billion at the end of 2016,” a spokesperson for Zenith, Victor Adojie, said in a statement emailed to PREMIUM TIMES.

Zenith Life, incorporated in 2001, has grown its gross written premium by 22 per cent per annum over the last five years.

The partnership, according to Mr. Adojie, will see Zenith Life trade under Zenith-Prudential Life, and also involves an exclusive bancassurance agreement with Zenith Bank Plc in Nigeria and Ghana.

The partnership and bancassurance agreement will allow Prudential access to Nigeria’s huge 180 million-market, which is the largest in Africa, Mr. Adojie said.

Prudential Plc was founded in London in 1848 and, together with its affiliated companies, constitute one of the world’s leading financial services groups, serving around 24 million insurance customers, with £599 billion of assets under management (as at 31 December 2016).

The company, which has operations in the UK, the US, Africa and 14 markets in Asia, is incorporated in England and Wales and is listed on the stock exchanges in London, Hong Kong, Singapore and New York.

Jim Ovia, Founder of Zenith Bank and Zenith Life, said: “This landmark transaction is set to redefine the life insurance industry in Nigeria. Given the combination of Zenith Life’s local presence with one of the world’s oldest and most successful life insurers, we expect Zenith-Prudential Life to act as a significant catalyst within the sector. We anticipate creating thousands of employment opportunities in Nigeria by embarking on this transformational deal”

Matt Lilley, Chief Executive of Prudential Africa, said: “Today’s announcement is an important milestone for Prudential and our growing portfolio of high quality life insurance businesses in Africa. We are excited by the opportunity of partnering with Zenith Bank, one of the largest and most dynamic banks in Africa, and working with our new colleagues to build Zenith-Prudential into a leader in Nigeria’s growing life insurance industry.”

In his contribution, the Group Managing Director/CEO of Zenith Bank, Peter Amangbo, said: “Zenith Bank has always sought to partner with best-in-class global players. By developing a bancassurance offering in conjunction with Zenith-Prudential Life, we will be positioned to offer our clients a greater bouquet of products, enhancing our ability to meet their financial needs.”

Zenith Bank Plc, one Nigeria’s biggest bank, provides corporate, business and personal banking products through its network of over 350 branches, serving millions of customers.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket


CITIZEN-FM AD


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

Court remands Nigerian journalist in jail

Next Post

PDP leadership tussle continues in Osun despite Supreme Court verdict

Press Release

Press Release

More News

Yoruba actors supporting Mr Tinubu for presidency.

2023: Femi Adebayo, Jide Kosoko other Yoruba actors, endorse Bola Tinubu for Presidency

July 1, 2022
Plateau State on map used to illustrate the story

Insecurity: Why we bought 80 pump-action guns for vigilantes — LG Chairman

July 1, 2022
NDLEA officials

NDLEA arrests notorious female drug dealer in Rivers

June 30, 2022
Governor Babajide Sanwo-Olu

Sanwo-Olu approves increase in BRT fares

June 30, 2022
Bamise Ayanwole

Bamise: Body of deceased thrown out of moving vehicle – Witness

June 30, 2022
Nigeria Police officers

Police invite popular social media influencer over alleged cyber-stalking, conspiracy

June 30, 2022
Next Post
Saraki swears-in Senator Adeleke

PDP leadership tussle continues in Osun despite Supreme Court verdict

Why VI, Lekki, others are flooded, Lagos govt explains; urges calm

30 states could experience flooding, Nigerian govt warns

Leave Comment

Search

AUN-PT Ad




Access Bank Ad







Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,901,775 other subscribers.

Advertisement




netherland biz school Advert



ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.