Rex Insurance Meets Recapitalization Threshold, Bolsters Financial Strength

Rex Insurance Limited has successfully met the new minimum capital requirements mandated by the National Insurance Commission (NAICOM), reinforcing its financial strength and underwriting capacity. The company's compliance with the Nigerian Insurance Industry Reform Act (NIIRA) 2025 capital threshold was confirmed following NAICOM's publication of compliant insurance firms.

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This achievement reflects the disciplined financial management, strong corporate governance, and strategic vision that have positioned Rex Insurance as a resilient organisation committed to delivering greater value to customers while supporting national economic growth.

This significant milestone reaffirms Rex Insurance's unwavering commitment to its policyholders and stakeholders. The recapitalization is seen as a testament to the company's disciplined financial management, robust corporate governance, and strategic vision. It positions Rex Insurance as a resilient organization dedicated to delivering enhanced value to its customers while contributing to national economic growth.

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It also marks the beginning of a new phase in the company’s journey, one focused on sustaining capital strength, accelerating profitable growth, enhancing operational excellence, and delivering superior customer value.

Mrs. Ebelechukwu Nwachukwu, Managing Director/Chief Executive Officer of Rex Insurance Limited, described the achievement as the beginning of a new phase for the company. "This achievement reflects the disciplined financial management, strong corporate governance, and strategic vision that have positioned Rex Insurance as a resilient organisation committed to delivering greater value to customers while supporting national economic growth," she stated. Nwachukwu emphasized that meeting the new capital requirement demonstrates the business's resilience and shareholders' confidence in its long-term vision.

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According to her, meeting the new minimum capital requirement is a significant milestone in our journey and demonstrates the resilience of our business as well as the confidence of our shareholders in our long-term vision.

Looking ahead, Rex Insurance aims to leverage its strengthened capital base to accelerate profitable growth, improve operational excellence, and deliver superior customer value. The company views its recapitalization not as an endpoint, but as a strategic foundation for sustainable growth and long-term value creation within the evolving insurance landscape.

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Our recapitalisation marks the beginning of an exciting new chapter for Rex Insurance. It is not an end, but a strategic foundation for sustainable growth and long-term value creation.