Great Nigeria Insurance Plc commenced business in 1960. Our over 55 years of insurance underwriting, financial advisory and real estate investments have enabled us to exclusively master the business terrain and develop skills that give us an edge in service delivery and total customer delight. Great Nigeria Insurance Plc has continuously arranged very adequate reassurance treaties with a consortium of reputable reassurance companies both locally and internationally providing us with the required capacity to underwrite risks placed with us.
The ownership of the company is made up of diverse shareholders from wide range of individuals and institutional investors with a robust Board of Directors of distinguished personalities. The company has invested in the best of people and technology, improving on processes, growing its market share and thereby expanding its balance sheet size. The company continuously strives to be amongst the top players in the insurance industry. The Board of Directors of the Company is made up of reputable individuals that have distinguished themselves in their respective fields of endeavour.
Recently, following Central Bank of Nigeria (CBN)'s directive that required banks to either divest from non-core banking subsidiaries or form holding company to hold those subsidiaries; Wema Bank divested transferring its 75% equity stake in GNI Plc to Insurance Resourcery and Consultancy Services Limited. The acquisition process started in 2011 and was concluded on September 21, 2016.
Facilities have been put in place to improve efficient services driven by state-of-the-art information technology to ensure efficient and reliable system of prompt claim settlement as well as meet our underwriting obligations. The Head office is located on 8, Omo-Osagie Street, off Awolowo Road, Ikoyi, Lagos with Regional, Branch and Agency offices spread across the country.