Thursday, September 18, 2025
26.7 C
Lagos

Sovereign Trust Insurance: 25 Years of Commitment to Professional Underwriting

Sovereign Trust Insurance Plc no doubt has become a reckoning force in the Nigerian Insurance landscape. The Underwriting Firm commemorated her 25th anniversary a day after the New Year with a special thanksgiving held at the company’s Head Office in Lagos.

It was a moment of reflection and gratitude for members of Management and Staff of the insurance company when they all gathered early in the Year to acknowledge God’s faithfulness upon the organisation in the last two and half decades.

The vision of one of Nigeria’s prolific underwriters, Mr. Oluseun O. Ajayi ably amplified with the support of a prominent Boardroom guru and Entrepreneur,in the person of H.H. Ephraim F. Faloughi has today, become a household name in the insurance industry in the country.

Together, this duo and the pioneering members of Management and Staff nurtured the company from birth to maturity and ever since, the journey has been forward-looking for a better tomorrow for the underwriting firm.

Two and half decades after, Sovereign Trust Insurance Plc has indeed made commendable strides in the insurance industry in Nigeria. From inception, the company moved from an average industry rating to a leading position, investing in the best of people and technology, improving on processes, growing market share at an average annual growth rate of 30%, while consistently expanding the balance sheet size of the company.

The ownership of the company is made up of diverse shareholders from wide range of individuals and institutional investors with a robust Board of Directors of distinguished personalities under the chairmanship of the hitherto pioneer Managing Director, Mr. Oluseun Ajayi.

The Managing Director/CEO of the Underwriting Firm, Mr. Olaotan Soyinka used the occasion to thank all the company’s customers and associates alike for their patronage, support and the belief in the story called Sovereign Trust Insurance Plc.

In his words, “as a transiting world-class organization conscious of our brand equity, the company has a well-entrenched culture of upholding sound moral and professional ethics beyond profit.

For Sovereign Trust Insurance Plc, the journey has just begun and the insurance industry is set to witness a new and more innovative way of underwriting insurance business in Nigeria.

spot_img
spot_img

Hot this week

Designing the Future: Arc Christian Benimana, Prof Taibat Lawanson to Headline Ecobank Design and Build 2025

Ecobank Nigeria has announced that celebrated architect Arc. Christian...

Sovereign Trust Insurance Wins Enactus Catalyst Award

From L-R: Victor Akinfala, Head Partnerships & Special Projects,...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

Universal Insurance MD/CEO, Jeff Duru, Bags CIBN Associate Membership

  Dr. Jeff Duru Managing Director/CEO Universal Insurance Plc The Managing Director/CEO of...

Sterling One Foundation CEO, Olapeju Ibekwe, Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation,...

Topics

NAICOM Inaugurates 2025 Recapitalisation Committee to Achieve $1tn Economy Target

The National Insurance Commission (NAICOM) has constituted a 2025...

Unity Bank Unveils Service Charter for Exceptional Customer Experience

In a bid to firmly entrench a customer-first attitude...

Heirs Energies Honoured for Sustainable Operations at NBLA 2023

Heirs Energies, an indigenous-owned integrated energy company has marked...

Is the CBN Pushing Nigerians Back into the Banking Halls? 

By Elvis Eromosele  Public institutions in Nigeria have a knack...

NCC Plans Stakeholder Engagement on 5G in Lagos Nov 4

As part of activities lined up for the implementation...

P+Measurement, Media Monitoring Agency Celebrates 6th Anniversary

P+ Measurement Services, Nigeria's foremost Independent Public Relations...

Fidelity Bank Rating Downgraded by Moody’s over Liquidity Squeeze

The credit rating of Fidelity Bank Plc has been...
spot_img

Related Articles

Popular Categories

spot_imgspot_img