The history of GUINEA INSURANCE PLC dates back to the year 1948 when British West African Corporation Limited (BEWAC) opened an Insurance Department and became Chief Agents in Nigeria for Legal and General Assurance Society Limited of London. In 1950, the Agency was extended to Norwich Union Fire Insurance Society Limited, United Kingdom. In response to Business Growth and to maximize available opportunities, Legal & General Assurance Society Limited, Norwich Union Fire Insurance Society Limited, Northern Region Development Corporation Limited and British West African Corporation Limited jointly incorporated an insurance Company. Thus, Guinea Insurance Company Limited became operative from December 3, 1958. The Overseas shareholders held 51% majority shares before the indigenization decree of 1976, reversed the holding to 60% Nigerian interest, 40% overseas. The Overseas Shareholders divested their 40% holding to existing Nigerian Shareholders in 1988 thereby making the Company 100% Nigerian.
View Top Employees from Guinea Insurance PlcWebsite | https://www.guineainsurance.com |
Ticker | GUINEAINS |
Revenue | $2 million |
Employees | 122 (107 on RocketReach) |
Founded | 1948 |
Address | 33 Ikorodu Rd, Jibowu, Lagos 100252, NG |
Phone | +234 1 293 4575 |
Technologies |
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Industry | Insurance, Non-Life Insurances, Oil and Gas, Energy and Special Risk |
Web Rank | 6 Million |
Keywords | Non Life Insurance, General Insurance, Motor Insurance, Property Insurance, Liability Insurance, Health Insurance, Travel Insurance, Marine Insurance, Aviation, Oil And Gas Insurance |
SIC | SIC Code 631 Companies, SIC Code 63 Companies |
NAICS | NAICS Code 5241 Companies, NAICS Code 52 Companies, NAICS Code 524 Companies |
Looking for a particular Guinea Insurance Plc employee's phone or email?
The Guinea Insurance Plc annual revenue was $2 million in 2024.
San Fciarb. is the Principal Partner of Guinea Insurance Plc.
107 people are employed at Guinea Insurance Plc.
Guinea Insurance Plc is based in Jibowu, Lagos.
The NAICS codes for Guinea Insurance Plc are [5241, 52, 524].
The SIC codes for Guinea Insurance Plc are [631, 63].