Industrial and General Insurance Company
| Private | |
| Industry | Financial Services |
| Founded | 1991 |
| Headquarters | Lagos, Nigeria |
|
Key people
|
Yakubu Gowon Chairman Remi Olowude Executive Vice Chairman & CEO |
| Products | Insurance, banking, investments |
| Total assets | US$338 million (NGN:53.1 billion) (2010) |
| Website | Homepage |
Industrial and General Insurance Company Plc, commonly referred to as Industrial and General Insurance (IGI), is an insurance company in Nigeria. The company is a leading provider of insurance and risk management services in West Africa.
IGI is a large insurance services provider in Nigeria and through its subsidiaries, in Ghana, the Gambia, Rwanda and Uganda, with representative offices in London and Washington, DC. The company offers Insurance services as its focus investment sector, but through subsidiary companies, it is also invested in a diverse array of other sectors, including: banking, construction, engineering, mining, real estate, telecommunications and waste management. As of December 2010[update], the company's total assets were estimated at about US$338 million (NGN:53.1 billion), with shareholders' equity of about US$140 million (NGN:22 billion). At that time, IGI was the largest insurance company in Nigeria and the largest underwriter in West Africa.
Industrial and General Insurance Company Plc was founded as a limited liability company on 31 October 1991 by Oluremi (Remi) Olowude. The company commenced business in January 1992. Remi Olowude was both founder and CEO until he passed away in September 2014.
The shares of of Industrial and General Insurance Company are privately owned. The detailed shareholding in the stock of the company are not publicly known at this time.
The company has a branch network in 45 urban locations in the majority of states in the Federal Republic of Nigeria.
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