Ebere Nwoji
FBS Reinsurance Limited, has reaffirmed its ambition to grow to be a number one reinsurance establishment in Africa and the worldwide market, with plans for regional growth and a capital-raising programme to strengthen its progress.
The Managing Director/Chief Executive Officer, FSB Insurance, Mr. Ganiyu Musa , has mentioned that his firm was pursuing regional growth consistent with the National Insurance Commission’s (NAICOM) name for Nigerian insurers to discover different markets.
Musa, disclosed this at an insurance coverage business leaders’ discussion board organised by FBS Re in Lagos just lately.
He nonetheless mentioned such growth would depend upon regulatory necessities, market situations, threat urge for food and the corporate’s monetary capability.
The discussion board, with the theme Connecting Leaders, attracted prime business executives and greater than 40 chief government officers from the insurance coverage business.
Musa mentioned FBS Re was established by skilled insurance coverage professionals involved concerning the state of the reinsurance market and the challenges dealing with the business in Nigeria and throughout Africa.
He described the corporate as a professionally owned and managed establishment dedicated to strengthening native reinsurance capability, retaining extra insurable dangers inside Africa and supporting the Nigerian insurance coverage market.
“FBS Re remains proudly Nigerian, and we are committed to demonstrating that indeed a Nigerian reinsurance institution can build the expertise, the capacity, and partnerships required to compete successfully across Africa,” he mentioned.
Musa disclosed that the corporate was pursuing regional growth consistent with the National Insurance Commission’s (NAICOM) name for Nigerian insurers to discover different markets
He famous that growth would depend upon regulatory necessities, market situations, threat urge for food and the corporate’s monetary capability.
He additionally revealed that the board was contemplating plans to invite present stakeholders and potential traders to take part in a capital-raising programme by way of a personal placement, adopted by an preliminary public providing.
