L-R: Managing Director/Chief Executive Officer of Cornerstone Insurance Plc, Mr. Stephen Alangbo; (3rd) Deputy Commissioner for Insurance Technical, National Insurance Commission (NAICOM), Dr. Usman Jankara Jimada; (4th) Commissioner for Insurance, NAICOM, Olusegun Ayo Omosehin; (5th) Deputy Commissioner for Insurance (Finance & Administration) NAICOM, Mr. Ekerete Ola Gam-Ikon, at the presentation of new licence certificates to insurance companies that successfully met the Commission’s new minimum capital requirements in Abuja on Tuesday.
By Rosemary Iwunze
Cornerstone Insurance Plc and its subsidiary, FIN Insurance Company Limited, have been recognised by the National Insurance Commission, NAICOM, among insurance companies that have fulfilled the recapitalisation requirement under the Nigerian Insurance Industry Reform Act 2025 (NIIRA 2025).
The announcement by NAICOM marks a significant milestone for the Cornerstone Group, reinforcing its financial capacity and commitment to providing dependable insurance solutions to its customers while positioning the Group’s businesses for sustainable growth in Nigeria’s evolving insurance industry.
Commenting on the development, the Managing Director of Cornerstone Insurance Plc, Stephen Alangbo, expressed his appreciation to the company’s stakeholders for their support in achieving this milestone.
