AXA Mansard emerges Best Health Insurance Product Winner 2021

AXA Mansard Health Insurance

AXA Mansard emerges Best Health Insurance Product Winner 2021     Health Management Organization, AXA Mansard Health Limited, recently announced that it has emerged as the winner of the best health insurance product of the year in the Insurance Product & Process section of the just concluded 11th Annual Global Banking and Finance Awards 2021. The winning product was the AXA Platinum Plus Cover which has been specially designed to provide a world class health cover for the insurer’s customers. With access to roam over 1,700 hospitals locally, care in India, UAE and South African…

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AXA-Mansard targets N8bn PAT, N48bn premium by Q4

AXA-Mansard Insurance Plc has projected to achieve N48.012 billion gross premium written for the fourth quarter ending December 2020. In its Q4 earning forecast obtained from the Nigerian Stock Exchange (NSE), the insurance firm also projected N7.59 billion as profit after tax and N9.17 billion as profit before tax for the period. AXA Mansard Insurance recently announced its divestment from its subsidiary, AXA Mansard Pension Limited, after agreeing to sell its stake to Eustacia Limited, a member of the Verod Group. This is part of the insurance firm’s plan to…

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AXA Mansard Insurance posts 180% surge in Q2 profit

AXA Mansard Health Insurance

AXA Mansard Insurance Plc has announced a profit before tax of N4.4 billion for the first half of the year, indicating a 180 per cent increase from N 1.6 billion recorded same period in 2019. The firm also revealed that its gross written premium rose by 4 per cent to N30.54 billion from N29.36 billion posted in 2019 while its net premium income grew by 29 per cent to N15.63 billion from N12.08 billion. According to Ngozi Ola-Israel, the chief financial officer of the underwriter, the company’s operating expenses grew by…

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AXA Mansard sells pension subsidiary to Verod

AXA Mansard sells pension subsidiary to Verod

The board of AXA Mansard Insurance Plc has announced divestment from its subsidiary, AXA Mansard Pensions Limited, based on the approval of its shareholders obtained at its Extra-Ordinary General Meeting held on February 13, 2020. In a corporate filing at the Nigerian Stock Exchange (NSE) on Monday signed by Mrs. Omowunmi Mabel Adewusi, its Company Secretary, AXA Mansard said Eustacia Limited, a member of the Verod, a private equity group, has emerged as the preferred bidder. Meanwhile, the completion of the divestment process was facilitated by Messer Rand Merchant Bank…

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