Tangerine Life Completes Merger with ARM Life

Insurance
3326 VIEWS
Proshare - Facebook Proshare - Twitter Proshare - Linked In Proshare - WhatsApp
Proshare

Wednesday, February 24, 2021 07:28 PM / by Tangerine Life / Header Image Credit: EcoGraphics


 Proshare Nigeria Pvt. Ltd.


Tangerine Life Insurance Limited, (previously known as Metropolitan Life Insurance Nigeria Limited), has, after a meticulous process, concluded its merger with ARM Life PLC. Tangerine is owned by Verod Capital, a leading private equity firm investing in growth companies across Anglophone West Africa.

 

The key objective of the acquisition is to build a stronger, broader insurance and financial services platform, drawing on the strengths of both entities. Tangerine's strength in the corporate market segment and ARM Life's broad retail and annuity-based service offering. 

 

Since it was first announced in February, 2020, both organizations have embarked on a rigorous exercise to evaluate their collective strengths and address any gaps, towards building an impressive new enterprise focused on digital first. The new entity will focus on impressing and satisfying customers with quality products and a superior customer experience.

 

Tangerine Life's ethos and drive is clear in the words of Livingstone Magorimbo, Managing Director, Tangerine Life, "Integrating the businesses has presented us a tremendous opportunity to enhance our capabilities, improve operating efficiencies and grow our businesses.

 

At Tangerine Life, we will continue to innovate, drive positive change within the insurance industry and create tremendous value for our customers towards effectively positioning our business to stay ahead of the next wave of industry evolution."

 

 The next phase of ARM Life's rich retail and annuity heritage involves leveraging technology to better serve all stakeholders as evident in the words of Stephen Alangbo, (former Managing Director at ARM Life) and director at Tangerine Life "Innovation is paramount in ensuring customer satisfaction in today's business landscape. We believe that the combination of both entities will ensure exceptional value creation for existing and new customers and partners".

 

The merger places Tangerine Life firmly as the 4th largest life insurer in Nigeria and positions it for future growth. 

 

Proshare Nigeria Pvt. Ltd.

 

Related News

1.      Customers Expectation and the Insurance Industry in A New Normal

2.     How Businesses Can Manage Their Risks In A Time of Uncertainty

3.     Riding The New Normal: What Insurance Businesses Must Do

4.     Our Youths, Insurance and the Future

5.     Cyber Insurance - Its Relevance in the Emergent Cyber Ecosystem

6.     Risk Management: Next Step for Insurers on Climate Change

7.     Insurance Policies Are Beneficial To Women in Nigeria - Adetola Adegbayi

8.     The Nigerian Insurance Sector, Repositioning for Efficiency

9.     Rethinking Insurance as a Social Service

10.  Implications of Social Unrest for the Nigerian Insurance Industry

11.   Why Families Need Insurance - Making Risk Protection a Tradition

12.  AfCFTA: A Call to Action for the Insurance Sector - OpEd

13.  Experts Call for Effective Communication and Leveraging Of Data To Deepen Insurance In 2021


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP