NEM Insurance Plc will not merge or acquire any insurance company but stand firm on its own during this recapitalisation, the company’s Group Managing Director, Tope Smart has said.

He made this known during the company’s Christmas Carol Concert held at the company’s head office in Lagos.

He revealed that the company is comfortable and has already met the new capital requirement of N10 billion for Non-Life business.

He said so far, the board, management and staff of the company have been able to explore vision and initiatives.

He assured customers of better service than they had been enjoying, while they strive as a service company to value to stakeholders.