Rex Insurance Achieves Recapitalization Milestone

Rex Insurance Limited has been recognized by the National Insurance Commission (NAICOM) for successfully meeting the new minimum capital requirement established under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. This achievement enhances the company's financial strength and underwriting capacity, reaffirming its commitment to policyholders and stakeholders.

Mrs. Ebelechukwu Nwachukwu, the Managing Director/Chief Executive Officer of Rex Insurance Limited, stated that this milestone reflects disciplined financial management, strong corporate governance, and a strategic vision.

She emphasized that the recapitalization marks the beginning of a new phase for the company, focusing on sustaining capital strength, accelerating profitable growth, and enhancing operational excellence. Nwachukwu noted that meeting the new capital requirement demonstrates the resilience of the business and the confidence of shareholders in its long-term vision, positioning Rex Insurance for sustainable growth in the evolving insurance landscape.