History of Our Company
NEM INSURANCE PLC started insurance business in Nigeria in 1948 through the agency of Edward Turner & Co. It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965 and incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968. The company became quoted on the Nigerian Stock Exchange in 1989 following the privatisation by the Federal Government of Nigeria. The company, which has contributed immensely towards the growth of Insurance Industry in Nigeria, was into Life and Non- Life business but following the recapitalization exercise in 2007, the company merged with Vigilant Insurance Company Ltd to transact all classes of General Insurance.
The company has expanded its operations into the West African Sub region, with the successful registration and commencement of business of its subsidiary, NEM Asset Management was added to the Brand in March, 2016. REGENCYNEM INSURANCE (GHANA) LIMITED, an associate company was also added in September, 2016.
SHARE CAPITAL AS AT 31ST DECEMBER, 2018
- Authorized share capital: N 4.2 billion
- Paid Up Capital N 2.6 billion
- Shareholdersâ€™ Fund N 12.42billion
To build a customer satisfying Insurance institution that is passionate about adding value to the interests of all stakeholders.
CORPORATE CORE VALUES