Tuesday, July 15, 2025
24.3 C
Lagos

Linkage Assurance wins Pearl Sectoral Leadership Award for Insurance

Linkage Assurance Plc has won the 2018 Pearl Sectoral Leadership Award in the insurance industry on corporate excellence in the capital market.

Linkage came tops, having been nominated with NEM Insurance Plc and Continental Reinsurance Plc, at a prestigious event held in Lagos with key stakeholder in the country’s capital market in attendance.

According to the organizers, Linkage Assurance Plc alongside other sectoral winners were companies that despite challenges in the economy in the 2017 financial year weathered the storm, outperform others, and sustained leadership of the market.

Tayo Orekoya, President/CEOof Pearl Awards Nigeria, said the award has recognized and rewarded over 85 quoted companies for outstanding operational and stock performance since inception.

“While commending Linkage Assurance for standing tall amidst challenges undermining growth of insurance business in Nigeria, he Orekoya said “As partners in progress with capital market regulators, we shall continue to engender healthy rivalry among other initiatives aimed at deepening the vibrancy of the market.

Daniel Braie, Ag.Managing Director/CEO of Linkage Assurance plc who led top management of the Company to receive the award thanked the organizers for recognizing the efforts that the Board and management of the company weremaking to ensure value creation for shareholders.

Braie said, as a company “we are committed to sustaining the rules and regulations of the capital market, ensure regulatory compliance and good corporate governance practice”

He noted that the company will continue to deploy strategies and measures to increase insurance penetration and grow the business such that its shareholders will continue to earn good returns on their investment.

According to Braie, the potential of the insurance industry is huge, calling on the general public to embrace insurance as the most effective and efficient means of managing their risks against unforeseen circumstances.

Linkage Assurance Plc in the 2017 financial year recorded a 431 percent growth in Profit After Tax (PAT), growing from N544.6 million in 2016 to N2.89 billion in the review period.

Total assets during the period also rose by 15 percent, moving from N20.33 billion the previous year to N23.31 billion in 2017.

spot_img
spot_img
spot_img

Hot this week

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...

Polaris Bank Partners Woodhall Capital, UK, Lagos State in ₦1.5bn Creative Economy Fund

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu,...

Heirs Insurance Group Reports N61bn GWP in 2024, an Increase of 70%

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

SanlamAllianz Partners NCRIB on 2025 Empowerment Series

Dr. Abosede Adegbite, Consultant, Family Physician; Tope Adaramola, Executive...

Topics

Linkage Assurance MD, Daniel Braie Among Top 25 CEOs on NSE

Mr. Daniel Braie, Managing Director and Chief Executive Officer...

Local Bourse Extends Losses to Fourth Consecutive Session… NSE ASI Down 99bps

Following 3 days of negative performance, the local bourse...

How COVID-19 Pandemic Contributes to Protein Deficiency, Malnutrition

The COVID-19 pandemic has effectively worsened the problem of...

Shell Completes Acquisition of Daystar Power

Daystar Power, a West African provider of hybrid solar...

Insurance Industry Reports N302bn Premium Income in 2014

The insurance industry in Nigeria has reported gross premium income of N302 billion in the financial year ended December 31, 2014, according to figures released by the National Insurance Commission (NAICOM). The industry also achieved premium income of N97 billion in the first quarter ended March 31, 2015. According to NAICOM, the industry’s total assets in 2014 was N711.4 billion, rising to N793.6 billion in the first quarter.

Scatec Solar Secures 100 MW Solar Project in Nigeria

Scatec Solar has signed an agreement with CDIL, a...

How Nigerian Politics Rivals Nollywood for Drama

In our series of letters from African journalists, novelist and writer, Adaobi Tricia Nwaubani looks at why Nigerians are hoping to be entertained by a crackdown on corruption. Two major industries in Nigeria share similar elements of melodrama and wildly implausible plots -films and politics.

West Africa Economy for 7.2% Growth in 2016

In 2016, the member-countries of WAEMU (West African Economic...
spot_img

Related Articles

Popular Categories

spot_imgspot_img