Rex Insurance has been lauded by the President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Prince Babatunde Oguntade, as a financially strong, reliable and trustworthy insurer worthy of patronage and support of the Broker Community in Nigeria.
He made this pronouncement at the February Edition of the Members’ Evening of the NCRIB which held on the 25th of February 2025, the NCRIB House in Lagos. The esteemed event had in attendance over 250 insurance brokers, alongside industry professionals and stakeholders, who came together to celebrate the achievements of NCRIB members and promote collaboration and unity within the insurance sector.
Speaking at the event, the Managing Director/Chief Executive, Rex Insurance Limited, Mrs. Ebelechukwu Nwachukwu stated that as a leading provider of innovative insurance products, dedicated to supporting initiatives that enhance growth and foster positive collaborations, Rex Insurance is committed to delivering exceptional service to its clients and brokers.
According to Mrs. Nwachukwu “we have strengthened our internal structures to ensure that claims are handled with speed because we realise that this is the main reason we are in business, and we will ensure it is sustained”.
Speaking further, she added that “the human capital structure of the company has also been beefed up with the recent appointment of the Executive Director, Technical, among others who are already adding value to our operations and systems, for the benefit of our esteemed customers. We have also increased our capacity to do more volume businesses as evidenced by the increase in our reinsurance treaty across all classes of business. Rex Insurance is well capitalized, has a robust balance sheet and we are here today, asking the broker community to support us, give us more businesses and let us all grow together.”
Also speaking at the Members’ Evening, the Executive Secretary of the NCRIB, Mr. Tope Adaramola said that its very symbolic that Rex is sponsoring the first members evening of the year, as the company is indeed the first insurance company in Nigeria.
The evening was attended by distinguished guests, including Council Members of the NCRIB, 2 Past Presidents, senior executives from Rex Insurance, including the Executive Director, Business Development Mr. Sunny Uwagboi, Executive Director, Technical, Mrs. Adesola Akintayo, Chief Financial Officer, Mr. Abayomi Kayode.
Other staff in attendance include the Head Claims, Mr. Adeseye Ajibulu; Head Underwriting, Mr. Kazeem Sulaimon and other senior staff from the company.
The event featured an insightful presentation from the MD/CE of Rex Insurance, titled “Doing Business with Rex Insurance – 2025 and beyond, and also offered networking opportunities for brokers to connect with relationships with representatives from Rex Insurance.
The Chairman of NCRIB, Prince Babatunde Oguntade expressed appreciation to Rex Insurance for their sponsorship, which made the NCRIB Members’ Evening a resounding success. He mentioned that the unwavering support and commitment of Rex Insurance to the industry aligns seamlessly with their mission to elevate the standards of professionalism within the insurance sector.
The event was a celebration of the achievements of NCRIB members and a reinforcement of the key relationships that facilitate the growth of the Nigerian insurance market. Rex Insurance, known for its innovative approach and dedication, is focused on fostering collaboration and enhancing the satisfaction of its partners and clients.
About Rex Insurance Limited (Rex)
Rex Insurance Limited (Rex) is licensed by the National Insurance Commission (NAICOM) to offer the full range of general and special risks insurance products to the insuring public.
With decades of experience in the Nigerian market, Rex Insurance has an enviable reputation for technical competence and financial strength.
With a vision of being the “Preferred Nigerian Insurance Company”, our strategic direction within the next 5 years is to focus on growth and profitability with the aim of growing the company’s gross premium written and be amongst the Top-Top-Tier general insurance companies in the market.
Operating from twelve (12) business locations nation-wide to ensure maximum outreach and accessibility, we have an unwavering dedication to our core values of Resilience, Efficiency, eXellence, Integrity & Teamwork (REXIT).
