Sterling Assurance Nigeria Limited was incorporated in 1990 and provides competitive services for all categories of General Insurance. The authorized share capital is presently N5 billion with N3.81 billion as shareholders’ fund.
This company emphasizes excellent, prompt and efficient underwriting and claims service delivery and has gained the confidence of major intermediaries and corporate insurance buyers by reason of these virtues. The Company’s Head office is at Sterling Assurance House,284, Ikorodu Road, Anthony, Lagos.
Our Insurance covers are backed up by adequate reinsurance arrangements with highly reputable reinsurance organisations among which are General Insurance Corporation of India (GIC), Africa Re, Continental Re, BEST Re, Tunis Re and AON Group. For our Energy business, we have Energy package Treaty arranged by JLT Re with Lloyd’s underwriters and ACE European Group Limited.
Sterling Assurance Nigeria Limited is focused on providing sound risk management services, wealth creation and profit optimization as well as being socially responsible. Our professional responsibilities are primarily handled by the Technical Division, which is staffed by highly qualified personnel.
The primary underwriting, reinsurance and claims operations within the Technical Division are backed by a capable, responsive Marketing and Business Development Division. This Division always seeks to match our technical capabilities to the specific insurance requirements of each of our clients.
We should also mention that all the company’s operations are fully automated, giving us an edge in speed and efficiency of response to clients’ needs.
We are kept on the straight-and-narrow financial path by our Finance Division that exercise prudent management of the company resources.