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Aiico Insurance Plc
9
Plot 2, Oba Akran Avenue, Oba Akran, Ikeja, Lagos, Nigeria
Opposite Dunlop
Fri, Dec 20, 2019 8:06 PM
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Comp... Read more
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and Pension products and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.
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