Cornerstone Insurance Reassures Annuitants of Stability and Commitment in Recent Forum

Cornerstone Insurance held a forum in Lagos to reassure annuitants of its stability and long-term financial capacity to meet pension obligations. The company's Chief Executive Officer and Group Managing Director, Mr. Stephen Alangbo, engaged with annuitants and stakeholders to strengthen relationships and discuss service improvements.

Cornerstone Insurance also officially assumed responsibility for annuity payments from former Lasaco Assurance Plc customers, following regulatory approvals. Alangbo highlighted the company's financial resilience and readiness to expand its portfolio, emphasizing its commitment to customer welfare and transparency.

The company's 30-year history and subsidiaries, including Fin Insurance and Hilal Taka, demonstrate its strong foundation in the insurance sector. Cornerstone Insurance aims to maintain public confidence, especially amidst industry reforms like the Nigerian Insurers Association Act 2025.

Alangbo assured that the company does not require additional capital and is well-positioned to fulfill its obligations to policyholders and annuitants.