We are pleased to inform you that our Company, Regency Alliance Insurance Plc. has successfully completed the recapitalization milestone. This was officially announced by the National Insurance Commission (NAICOM) on the 13th of August 2026.
The successful completion of the recapitalization reinforces our Company’s financial strength, enhances our capacity to underwrite larger and more complex risks, and positions us to pursue new opportunities while delivering sustainable value to our policyholders, shareholders and other stakeholders.
Beyond strengthening our Company’s capital position, the exercise provides a solid foundation for us to accelerate strategic initiatives across our business, improve customer experience, deepen innovation and technology adoption, and expand our contribution to the development of Nigeria’s insurance industry.
We remain committed to our purpose of providing dependable insurance solutions that protect individuals, businesses and institutions against financial risks, while continuously evolving to meet the changing needs of all our partners and customers.
We are extremely grateful to you for your unwavering support over the years. This is not taken for granted. The successful completion of the recapitalization milestone has further placed us at a more strategic position to handle more critical businesses and surpass your expectations.
With this milestone achieved, we look forward to the next phase of greater partnership with you with renewed strength, greater capacity and an unwavering commitment to excellence.
Once again, thank you for your continued support. We look forward to stronger business relationship in the very near future and greater success stories ahead.
Yours Sincerely,
Bode Oseni
Managing Director
Regency Alliance Insurance Plc
