Who we are

Our Commitment To Tomorrow Stands Tall.

Welcome to the center of confidence! Here at Guinea Insurance, Our dedication is audible in the hallways of trust in the future. We sincerely think that real development is made when people and businesses prepare themselves not simply to meet obstacles but also to welcome possibilities in a world where uncertainty might cast shadows over our path. Guinea Insurance is a ray of hope, providing a safe refuge free from the burden of fear so that your dreams can come true. Being a prominent participant in the insurance industry, we take great satisfaction in being your reliable partner in protecting your aspirations.. Join us on an adventure where our promise goes beyond the norm. Our aspirations are lofty as we work to rewrite the history of insurance. Our origins are profound. Explore the core of our identity and learn about the steadfast dedication that drives us on. At Guinea Insurance, we invite you to explore a world where preparation meets promise, and together, we shape a future where you can stride confidently into the unknown.

Celebrating Our Corporate Journey

…Our Milestone

At Guinea Insurance, our milestones represent more than just achievements; they embody our journey, commitment, and the significant progress we have made in serving our valued customers. Our milestones are a testament to: Trust and Integrity, Customer Satisfaction, Innovation and Adaptability, Employee Dedication, Community Impact, Forward Momentum, and Future Promise:

The roots of Guinea Insurance PLC trace back to 1948 when the British West African Corporation Limited (BEWAC) established an insurance department, becoming Chief Agents in Nigeria for Legal and General Assurance Society Limited of London. By 1950, the agency expanded to include Norwich Union Fire Insurance Society Limited, United Kingdom. In response to emerging business opportunities, a collaborative effort involving Legal & General Assurance Society Limited, Norwich Union Fire Insurance Society Limited, Northern Region Development Corporation Limited, and British West African Corporation Limited led to the incorporation of Guinea Insurance Company Limited on December 3, 1958. Operating as a non-life insurance underwriting firm, the company aimed to provide top-notch insurance solutions in the General Business category.

While overseas shareholders initially held a 51% majority stake, the indigenisation decree of 1976 reshaped the shareholding structure to 60% Nigerian interest and 40% overseas. The year 1988 marked a significant shift as overseas shareholders divested their 40% holdings, resulting in the Company becoming 100% Nigerian owned.

Our operational strategy centres on strict adherence to sound business principles, safeguarding our brand promise, and navigating the dynamic macroeconomic and regulatory landscape. In response to the 2019 industry-wide recapitalisation exercise by the National Insurance Commission (NAICOM), shareholders swiftly approved increasing the Authorised Share Capital from N4 billion to N12 billion. This restructuring positionsed the Company to adhere to statutory and regulatory requirements and the principles of good corporate governance.

Beyond our corporate success, our milestones symbolise the positive impact we have made in the communities we serve. As responsible corporate citizens, we are committed to giving back. The leadership at Guinea Insurance comprises a highly skilled and dedicated team of professionals, steering the company through the challenges of the new millennium. The Board of Directors, led by Godson Chukwudi Ugochukwu, SAN, is vibrant and resourceful, with a promise for the future and unwavering dedication to building on our achievements, adapting to the changing landscape, and remaining your preferred partner in all your insurance needs.