…Marks new era of pension administration, managing N3tr in assets

By Rosemary Iwunze

Following the successful operational integration of Leadway Pensure and PAL Pensions, Leadway Holdings has officially unveiled Leadway PFA as its single, unified pension brand.

This announcement marks the final milestone in the consolidation process, retiring the legacy entity names and introducing a bold new identity built for the future of wealth creation in Nigeria.

Operating with a combined Asset under Management (AuM) of over ₦3 trillion, the newly established brand, Leadway PFA emerges as a formidable institution in the Nigerian pension landscape. The unified brand now operates on a fully harmonized and upgraded technological infrastructure, ensuring that its 1.2 million Retirement Savings Account (RSA) holders benefit from a seamless, highly secure, and optimized customer experience.

The transition to Leadway PFA represents more than a name change, it is a renewed commitment to exceptional financial security. By bringing together the rich heritage, specialized talent, and robust risk frameworks of both legacy firms, the new brand leverages expanded market reach and deeper investment capacity to drive sustained, long-term value for contributors.

Commenting on the brand unveil, Olusakin Labeodan, MD/CEO of Leadway PFA, emphasized the institution’s readiness for the future. “Today, we are thrilled to formally introduce Leadway PFA to the world. Over the past few months, we have executed a meticulous integration of our systems, processes, and people. Leadway PFA is the result of that dedication, resulting into a stronger, more agile institution built to protect and exponentially grow our contributors’ wealth. Our unified brand identity reflects our singular, unwavering purpose: to be the ultimate, most trusted partner in our customers’ retirement journeys”.

The organisation reassures all contributors that the brand transition requires zero action on their part. All RSA balances, unique PINs, and historical financial records remain perfectly intact and rigorously protected by the institution’s enhanced safeguards. Customers can seamlessly continue to monitor their accounts and engage with the brand through existing digital platforms and service centers, which have now been updated to reflect the Leadway PFA identity.

With the brand unification complete, Leadway PFA steps forward entirely focused on setting new industry benchmarks in prudent fund administration, proactive customer service, and innovative pension solutions.

Leadway PFA is a licensed Pension Fund Administrator formed from the integration of Leadway Pensure and PAL Pensions. The unified institution administers retirement savings and pension funds on behalf of individuals and organisations across Nigeria, operating under a consolidated governance and operational framework. Leadway PFA is committed to strong regulatory compliance, disciplined fund management and long-term security for contributors.

By Rosemary Iwunze

Rex Insurance Limited has successfully met the new minimum capital requirement prescribed by the National Insurance Commission (NAICOM) under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, reinforcing its financial strength, enhancing its underwriting capacity and reaffirming its unwavering commitment to policyholders and stakeholders.

According to the company, the achievement reflects the disciplined financial management, strong corporate governance, and strategic vision that have positioned Rex Insurance Limited as a resilient organization committed to delivering greater value to customers while supporting national economic growth. It also marks the beginning of a new phase in the Company’s journey, one focused on sustaining capital strength, accelerating profitable growth, enhancing operational excellence, and delivering superior customer value.

Commenting on the milestone, the Managing Director/Chief Executive Officer of Rex Insurance Limited, Mrs. Ebelechukwu Nwachukwu, said: “Meeting the new minimum capital requirement is a significant milestone in our journey and demonstrates the resilience of our business as well as the confidence of our shareholders in our long term vision. It also reinforces our ability to honour our commitments to policyholders while positioning us for sustainable growth in an evolving insurance landscape.”

She added: “Our recapitalisation marks the beginning of an exciting new chapter for Rex Insurance. It is not an end, but a strategic foundation for sustainable growth and long-term value creation. With a stronger capital base, we are well equipped to increase our underwriting capacity, elevate customer experience, and deepen our investment in technology, innovation, and operational excellence. This enhanced financial strength enables us to provide smarter insurance solutions that respond to the evolving needs of our customers, deliver greater value to our stakeholders, support the advancement of Nigeria’s insurance industry, and maintain our unwavering commitment to prompt claims settlement to our policyholders”.

Rex Insurance commends NAICOM for its leadership in strengthening the insurance sector through the recapitalisation exercise and remains committed to supporting initiatives that promote a more resilient, competitive, and inclusive insurance market.

“As the industry enters a new phase of growth, Rex Insurance’s focus now shifts from achieving capital adequacy to sustaining capital strength through disciplined execution, profitable growth, continuous innovation, and exceptional customer experience. The Company remains committed to delivering reliable insurance solutions, honouring its promises to policyholders, and creating sustainable value for all stakeholders while strengthening its position as a trusted insurance partner.

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‎By Rosemary Iwunze

The Management of Anchor Insurance Company Limited has officially announced that the Company has successfully met the recapitalisation requirements of the National Insurance Commission (NAICOM) under the Nigeria Insurance Industry Reform Act (NIIRA) 2025.

‎The Managing Director/CEO, Dr. Ebose Augustine Osegha declared: “Today, our capital base stands in excess of ₦25.5bn, significantly exceeding the ₦15bn minimum requirement for non-life insurance companie” noting that “this achievement reflects our financial strength, sound corporate governance and long-term commitment to protecting the interests of our customers and stakeholders.”

‎Having achieved this feat, he hinted on the task ahead, stating that “for Anchor Insurance, this milestone means stronger capacity to underwrite larger and more complex risks, enhanced claims-paying ability, greater confidence for our customers and business partners, expanded opportunities for growth and innovation and continued compliance with the highest regulatory standards.”

‎He continued: “Most importantly, it strengthens our promise to deliver reliable insurance protection, innovative solutions and an exceptional customer experience at every touchpoint.”

‎He thanked the company’s customers for their support and trust. He states: “we sincerely thank you for your unwavering trust and support. Your confidence has been instrumental to this achievement.”

‎The MD assured stakeholders that: “as we embark on this new chapter, we remain steadfast in our mission to protect what matters most and to remain the insurance company of choice today and for generations to come.”