PROFILE

PRESTIGE ASSURANCE PLC.

19, Ligali Ayorinde street
Victoria Island, Lagos
Nigeria
Phone: 01-4610641-2, 2713713,8042806
Fax:
Web Site:


DETAILS
 
Index Membership: NSE





Sector: Financials
Industry: Insurance
Full Time Employees: 0



CORPORATE GOVERNANCE
 
This information was sourced from Prestige Assurance plc website.
 

KEY EXECUTIVES
 
  Pay Exercised
ief arles Samson Sankey ,
Chairman of the board of directors
$n/a$n/a
 
Dr. Anand Mittal ,
Managing Director
$n/a$n/a
 
A.R Sekar,
Director
$n/a$n/a
 
Jethro Olukayode Adewole,
Director
$n/a$n/a
 
G. Raghu,
Director
$n/a$n/a
 
Mr. Ramesh Hathiramani,
Director
$n/a $n/a 
 

BUSINESS SUMMARY
 
Prestige Assurance Plc is a subsidiary of the New India Assurance Co.Ltd. Mumbai, India, an 87years old wholly owned Government of India undertaking with an asset base of over US$7 billion and rated ‘A’ EXCELLENT by A.M. Best of the U.S.A. Prestige is a Public Liability Company quoted on the Nigerian Stock Exchange. Established in 1952 as a branch office of the New India Assurance Co. Ltd; Mumbai. Converted as New India’s 100% subsidiary company in 1970. The New India Assurance Company (Nig.) Limited. As per Nigerian Enterprises promotion Act of 1977, the New India’s holding was reduced to 40%, and the name changed to ‘Prestige Assurance Plc’ in September, 1992. The New India Assurance’s Shareholding increased to 47.87% in 2004 (with a change in regulation) and increased to 51% in March, 2007. The Company is Licensed to write all classes of Non- life Insurance in Nigeria and positioned to give excellent services through our Total Quality Management Practices.
 
 
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