Stanbic IBTC launches own insurance subsidiary

Stanbic IBTC launches own insurance subsidiary

Stanbic IBTC launches own insurance subsidiary   Stanbic IBTC Holding Plc., a member of Standard Bank Group has expanded the scope of its operation in the financial services industry with the launch wholly-owned insurance subsidiary focusing on life insurance. This came following approval and license issuance by the National Insurance Commission (NAICOM) which granted the new insurance group the right to commence business operations. Akinjide Orimolade, chief executive, Stanbic IBTC Insurance, while speaking at the launch of the business stated that the new insurance provider will continue in line with…

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