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Home Exclusives Corporate Stories

Standard Alliance Insurance plc: What happened to the most capitalized insurance company of 2010?

Ruth Okwumbu-Imafidon by Ruth Okwumbu-Imafidon
October 26, 2020
in Corporate Stories, Spotlight
Standard Alliance Insurance releases FY 2017 results
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Standard Alliance Insurance Plc recently held its Annual General Meeting, the first in the last four years. The financial reports received at the AGM were that of FY 2017 and 2018, bringing up the million-dollar question; what is going on with this underwriter?

Nairametrics Company of the Week focuses on the 39-year-old highly ranked insurance company, its past achievements, and current realities.

Almost 40 years ago, the company was incorporated in July 1981 as a Private Limited Liability Company. At this time, it was known as Jubilee Insurance Company Limited until August 1996 when it became Standard Alliance Insurance Company Limited.

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Tags: Standard Alliance Insurance Plc
Ruth Okwumbu-Imafidon

Ruth Okwumbu-Imafidon

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via ruth.okwumbu@nairametrics.ng

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Comments 2

  1. Emauko inyang says:
    November 12, 2020 at 3:50 pm

    Are you aware that people’s money are being stocks with standard alliance? What is that they could not address it?

    Reply
  2. Ekuo Odenma says:
    November 22, 2021 at 8:49 am

    The owner of the company, Olorogun Otega Emerhor used the company’s money to play politics. They became insolvent and couldnt meet up with financial obligations. Brokers stopped giving them business because of this.

    Reply

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