The Board and management of Great Nigeria Insurance Plc has categorically denied reports that the company’s annuity business has been acquired by a rival insurance company.
The publication claimed that GNI Plc has hands off the business and Tangerine Africa Annuity businesses has acquired it.
The company said this development is a crude attempt by an unscrupulous competitor to de-market our brand and shrink our share of the annuity insurance market.
In the last five (5) years, our annuity insurance portfolio has grown steadily by over 14,845% and our annuitants have been enjoying value added services.
In view of the foregoing there is no basis for transferring our annuity business to another company in the industry. We want to state emphatically that GNI Plc has not and does not intend to sell-off its annuity business portfolio, neither does it intend to partner with any Insurance company or companies in the Annuity insurance market, the company cleared.
This statement the company reiterated, serves as a disclaimer to the effect that its no longer handling annuity neither is it in any kind of partnership or merger discussion with any insurance company regarding its annuity Insurance portfolio.
We call on all our intermediaries and clients to disregard any information regarding the transfer or acquisition of GNI’s annuity insurance portfolio.
Great Nigeria Insurance Plc says is poised to continue in its well known tradition of delivering qualitative insurance services to its esteemed customers.
