In its bid to offer qualitative insurance services to Nigerians at all levels of the economy, Sovereign Trust Insurance Plc have opened four new branches in Ogun, Kaduna, Kano and Warri respectively. The move has been described as very strategic by analysts in the industry.
They say it is a very good step in the right direction at this point in time, as the company is planning assiduously to go back to the capital market to raise more funds in driving the long term goals of the organization and to further strengthen its international outlook.
You will recall that the Nigerian Stock Exchange recently gave its nod to the company to list on the trading floor the 264,695 units of the over-subscribed portion of the private placement shares offered for sale in 2006. No doubt, Sovereign Trust Insurance Plc is gradually and consistently establishing a strong presence in the Nigerian insurance industry.
In a release made available by the spokesperson for the organisation, Mr. Segun Bankole at a press gathering over the weekend, He asserts that “the company is committed to ensuring that the average Nigerian gets qualitative and affordable insurance products and services in every nook and cranny of the country.” He pointed out that Nigeria, with its population of well over 140 million is yet to benefit adequately from the enormous potentials of the industry.
He also opined that the insurance companies in Nigeria have a great task ahead of them in educating the Nigerian public on the importance of insurance in their daily lives.
In the words of the Managing Director, Mr. Wale Onaolapo, “the business of insurance is a humanitarian one and we are yet to see it as such in this part of the world”. It is one business that brings back hope and smile to peoples’ faces in times of disaster”. Our responsibility here in Sovereign Trust is to make available very competitive insurance products and services that Nigerians can benefit from. We are determined to see that happen in the next 3 to 5 years, which explains why we are spreading our tentacles across the nation.