| Anchor Insurance Company Limited was licensed in October 1989 as a General Business
(Non-life) Insurance outfit and started operations in November of the same year.
The registered office is located at 7/13 Aka Road, Uyo, Akwa
Ibom State while the
Corporate Head Office is situated at 5A Ayo Jagun Street, Lekki Phase 1, Lekki, Lagos.
In January 1992, the Company added Life/Pension class of Insurance to its business portfolio
thereby attaining the status of a Composite Insurance Company.
In 1998, Anchor Insurance Company Limited was re-registered by National Insurance
Commission (NAICOM) in the status of a composite insurance company under Registration
Number RIC-072.
However, in 2003, the Akwa Ibom State Government decided to divest substantial part of its
equity as part of the privatization programme of the then administration. The new investors is headed by Dr. Michael Ntuk as the Chairman.
As a result of the regulatory induced recapitalization and consolidation the shareholders fund
of the company was raised to over N3 billion which placed the company amongst the
recapitalised insurance institutions under the General Insurance & Special Risk business.
In 2008 a new Management was introduced, headed, by Mr. Ademayowa Adeduro as MD/CEO a seasoned insurance and accounting expert, to pilot and reposition the Company as a 21st century service delivery brand.
The new Anchor Insurance Company Limited sees her customers and clients as reason they are in business which makes customer satisfaction a priority in the company. The Anchor Insurance Company’s promise is "All stakeholders will surely enjoy a pleasant experience". |
