Stanbic IBTC Holdings Plc to Establish a Wholly-owned Life Insurance Subsidiary

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Friday, July 24, 2020 06:30 PM / by NSE / Header Image Credit:  Stanbic IBTC Holdings PLC

 

Stanbic IBTC Holdings PLC ("Stanbic IBTC" or "the Company"), wishes to announce that it has commenced the process of seeking Regulatory approvals to establish a wholly-owned Life Insurance subsidiary to be known and referred to as Stanbic IBTC Insurance Limited.

 

Related Link: NAICOM Receive Applications to Register Four (4) New Insurance Companies

 

The commencement of operations for this proposed subsidiary is subject to receiving all required regulatory approvals, including licensing by the National Insurance Commission. Accordingly, Stanbic IBTC will update the market upon completion of the regulatory approval process as well as licensing of the new subsidiary.

 

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