Sovereign Trust: Recapitalisation Reinforces Our Financial Strength, Commitment to Growth

Sovereign Trust Insurance Plc has successfully met the new recapitalisation requirement for non-life insurance companies prescribed by the National Insurance Commission (NAICOM) under the Nigeria Insurance Industry Reform Act (NIIRA) 2025. This achievement, according to the Managing Director/Chief Executive Officer, Dr. Lucas Durojaiye, reinforces the company's financial strength and commitment to long-term growth.

Durojaiye stated that this accomplishment marks a significant milestone in the company's journey to build a stronger, more resilient, and future-ready insurance business, while positioning it to take advantage of emerging opportunities within Nigeria's evolving insurance market.

Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.