Coronation Insurance and Coronation Life Assurance successfully complete recapitalization
Coronation Insurance Plc and Coronation Life Assurance Limited have successfully completed their recapitalisation through an oversubscribed private placement, strengthening their capital base and positioning both companies for their next phase of growth.
Commenting on the successful completion of the recapitalisation, Olamide Olajolo, Managing Director/Chief Executive Officer of Coronation Insurance Plc, said: “This successful capital raise is a strong endorsement of our strategy, governance and long-term vision.
With a strengthened capital position, Coronation Insurance and Coronation Life Assurance are well positioned to accelerate product innovation, digital transformation and customer experience initiatives, while expanding distribution and deepening their presence across the Nigerian insurance market.
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