2008 Nigeria Insurance Digest

PRINCIPAL OFFICERS OF THE ASSOCIATIO
Wole B. Oshin, Esq.

Chairman
Gbenga Afolayan, Esq. Bode Akinboye, Esq.

Deputy Chairman Hon. Treasurer
Godwin U. S. Wiggle, Esq. Ezekiel O. Chiejina, Esq.

Hon. Asst. Treasurer Director-General/CEO
EDITORIAL BOARD
Editor-in-Chief - Ezekiel O. Chiejina, Esq.
Chief Technical Adviser - Wole Oshin, Esq.
Technical Adviser - Gbenga Afolayan, Esq.
Editor - R. W. Badejo, Esq.
Member - O. Y. Idowu, (Mrs)
Member - Christian Agbewhe, Esq.
Member - Olusanya Oba, PhD
Member - O. O. Fowora, Esq.
Member - T. O. Oyafemi, Esq.
Published by
Nigerian Insurers Association
NIA House,
42, Saka Tinubu Street,
Victoria Island,
Lagos.
Tel: 01-7743813, 2629616, 8043840
Fax: 01-2621298
Email: nia@vgccl.net, info@nigeriainsurers.com
Website: www.nigeriainsurers.com
NIGERIAN INSURERS ASSOCIATION I

EDITORIAL BOARD I
CONTENTS II-IV
1
INFORMATION ABOUT THE ASSOCIATION VI
THE NIGERIAN INSURERS ASSOCIATION VII
FOREWORD IX
GOVERNING COUNCIL MEMBERS OF THE NIGERIAN INSURERS ASSOCIATION AS AT
31ST DECEMBER, 2008 X
NIGERIAN INSURERS ASSOCIATION MANAGEMENT TEAM XI
CHAIRMEN AND SECRETARIES OF TECHNICAL COMMITTEES XII
MEMBER COMPANIES AND TYPES OF BUSINESS THEY TRANSACT 1
DIRECTORY OF MEMBER COMPANIES OF NIA AS AT 31ST DECEMBER, 2008 2
2
OPERATING ENVIRONMENT 14
OPERATIONAL ENVIRONMENT IN YEAR 2008 15
3
OPERATING PERFORMANCE OF NON-LIFE COMPANIES 17
MOTOR INSURANCE PREMIUM INCOME FOR 2007 18
MEMBER COMPANIES RANKED IN ORDER OF PREMIUM FROM THEIR DIRECT
MOTOR INSURANCE BUSINESS (2003-2007) 19
FIRE INSURANCE PREMIUM INCOME FOR 2007 20
FIRE INSURANCE BUSINESS (2003-2007) 21
GENERAL ACCIDENT INSURANCE PREMIUM INCOME FOR 2007 23
GENERAL ACCIDENT INSURANCE BUSINESS (2003-2007) 24
MARINE & AVIATION INSURANCE PREMIUM INCOME FOR 2007 25
MARINE & AVIATION INSURANCE BUSINESS (2003-2007) 26
WORKMEN’S COMPENSATION AND EMPLOYER’S LIABILITY INSURANCE PREMIUM
INCOME FOR 2007 27
MEMBER COMPANIES RANKED IN ORDER OF PREMIUM FROM THEIR DIRECT WORKMEN’S
COMPENSATION AND EMPLOYER’S LIABILITY INSURANCE BUSINESS (2003-2007) 28
MISCELLANEOUS INSURANCE PREMIUM INCOME FOR 2007 29
MISCELLANEOUS INSURANCE BUSINESS (2003-2007) 30
OIL AND GAS INSURANCE PREMIUM INCOME FOR (2006 -200) 31
NIGERIAN INSURERS ASSOCIATION II

OIL AND GAS INSURANCE BUSINESS (2003-2007) 32
PREMIUM FROM DIRECT INSURANCE BUSINESS OF MEMBER COMPANIES
OF NIA (1998-2007) 33
UNDERWRITING PERFORMANCE OF MEMBER COMPANIES 34
GROSS PREMIUM INCOME OF INSURANCE COMPANIES IN NIGERIA BY CLASS
OF BUSINESS (1999-2007) 45
GROSS PREMIUM INCOME 46
4
OPERATING PERFORMANCE 47
LOSS RATIO OF FIRE INSURANCE BUSINESS MEMBERS (1998-2007) 48
LOSS RATIO OF MARINE INSURANCE BUSINESS MEMBERS (2005-2007) 49
LOSS RATIOS OF MEMBERS COMPANIES BY CLASS OF BUSINESS (2003-2007) 50
PREMIUM, MANAGEMENT EXPENSES, NET COMMISSION, NET CLAIM, INCURRED
LOSS AND EARNED PREMIUM FOR MOTOR INSURANCE BUSINESS 51
LOSS AND EARNED PREMIUM FOR, 2007 FIRE INSURANCE BUSINESS 52
LOSS AND EARNED PREMIUM FOR 2007 GENERAL ACCIDENT INSURANCE BUSINESS 53
LOSS AND EARNED PREMIUM FOR 2007 MARINE & AVIATION INSURANCE BUSINESS 54
LOSS AND EARNED PREMIUM FOR 2007 WORKMEN’S COMPENSATION AND EMPLOYER’S
LIABILITY INSURANCE BUSINESS 55
LOSS AND EARNED PREMIUM FOR 2007 MISCELLANEOUS INSURANCE BUSINESS 56
LOSS AND EARNED PREMIUM FOR 2007 OIL AND GAS INSURANCE BUSINESS 57
REINSURANCE TRANSACTIONS IN NON-LIFE BUSINESS (2003-2007) 58
LOSS, EXPENSES AND TRADE RATIOS IN NON-LIFE INSURANCE BUSINESS(2003-2007) 59
COMPARATIVE STATISTICS OF PREMIUM, CLAIMS AND MANAGEMENT EXPENSES
FOR NON-LIFE (2003-2007) 61
ANALYSIS OF TECHNICAL RESERVES FOR NON-LIFE INSURANCE BUSINESS 64
GROWTH OF NON-LIFE INSURANCE FUNDS OF MEMBER COMPANIES (1998-2007) 65
NON-LIFE ASSETS OF MEMBER COMPANIES FOR 2007 66
ASSETS OF NON-LIFE INSURANCE OF MEMBER COMPANIES (2003-2007) 67
NON-LIFE LIABILITY OF MEMBER COMPANIES FOR 2006 68
LIABILITY OF NON-LIFE INSURANCE OF MEMBER COMPANIES (2004-2006) 69
ANALYSIS OF CLAIMS SETTLEMENT 70
NON-LIFE INSURANCE CLAIMS PAID BETWEEN (2003-2007) 71
CLAIMS OF N1.5MILLION AND ABOVE BY NIA MEMBER COMPANIES IN 2006 72
NIGERIAN INSURERS ASSOCIATION III

5
DISCOURSE
APPLICATION OF LIFE TABLES AND COMPOUND INTEREST IN CONSTRUCTION OF

ANNUITY RATES 100
MICROINSURANCE 104
6
OPERATING PERFORMANCE OF LIFE COMPANIES
LIFE INSURANCE COMPANIES OPERATING AS AT DECEMBER, 2008 108
LIFE PREMIUM INCOME OF MEMBER COMPANIES FOR 2007 109
INCOME OF LIFE INSURANCE COMPANIES (2003-2007) 110
COMPARATIVE STATISTICS OF PREMIUM, CLAIMS AND MANAGEMENT EXPENSES
FOR LIFE INSURANCE BUSINESS (2003-2007) 111
REINSURANCE TRANSACTIONS IN LIFE INSURANCE BUSINESS (2003-2007) 111
GROWTH OF LIFE INSURANCE FUNDS OF MEMBER COMPANIES (1998-2007) 112
LIFE INSURANCE ASSETS OF MEMBER COMPANIES (2003-2007) 114
LIFE ASSETS OF MEMBER COMPANIES FOR 2007 116
DISTRIBUTION OF ASSETS OF LIFE INSURANCE COMPANIES (2003-2007) 117
LIFE LIABILITY MEMBER COMPANIES FOR 2007 118
LIABILITY OF LIFE INSURANCE OF MEMBER COMPANIES (2005-2007) 119
APPENDIX:-
DIRECTORY OF REINSURANCE COMPANIES IN NIGERIA 120
DIRECTORY OF INSURANCE BROKERS IN NIGERIA 121
DIRECTORY OF LOSS ADJUSTERS IN NIGERIA 134
NIGERIA MONTHLY INFLATION RATE:- 1991-2008 135
NIGERIA BRIEF FACTS 136
YEAR 2009 TRAINING AND MANPOWER DEVELOPMENT PROGRAMME 137
NIA CONSULTING UNIT 139
NIGERIAN INSURERS ASSOCIATION IV

Information
About the
Association
NIGERIAN INSURERS ASSOCIATION V

THE NIGERIAN INSURERS ASSOCIATION
The NIA was formed in 1971 as an umbrella organization for all insurance companies in Nigeria. It has,
since then, offered its members a forum to speak to one another and for all of them to speak with one voice
to the Government, its agencies and other parties on matters affecting insurance business. To a large
extent, the Association has contributed to Government policies on the supervision of Insurance business,
and from time to time submits to the Government, proposals considered to be in the best interest of the
national economy and the Insurance industry.

The NIA organizes conferences, seminars and other events for members and also publishes a wide range
of books and journals.
The Meeting of the Chief Executives is the Association’s apex decision-making organ. The Governing
Council comprises of Chief Executives of member companies elected annually at a General Meeting of all
the members. The Governing Council is furnished regularly with information on issues relating to the
practice of insurance by specialized committees namely: Accident Offices Committee; Accounting
Technical Committee; Information Technology Committee; Fire Offices Committee; Legal Committee; Life
Offices Committee; Marine Offices Committee; Corporate Affairs Committee; Human Capital Management
Committee as well as the Advisory Committees of the Council.
The technical Committees of the Association have the following responsibilities:

(i) Advising the Governing Council on technical and professional matters;
ii) Dealing with matters that may be referred to them by the Governing Council;
(iii) Carrying out other functions as may be contained in the rules and regulations of the
committee.
Mr. Ezekiel O. Chiejina, a Lawyer and an acknowledged insurance practitioner, is the Director General and
Chief Executive Officer of the Association.
NIGERIAN INSURERS ASSOCIATION VI

MISSION STATEMENT
Protecting and advancing the common interest of insurers in Nigeria by creating and sustaining a positive
image for the insurance industry and contributing to legislation and decisions made by the Government
and other Public Authorities in the best interest of the industry in particular and the national economy in
general.
OUR OBJECTIVES
The objectives of the Association are embodied in the Constitution of the Association.
Some of them are highlighted as follows:
l To protect, promote and advance the common interest of insurers in Nigeria
l To advise members on any action or proposed action by Government or any other authority in
connection with any legislation or policy.
l To advise or consult with the Government regarding any act or thing done or being contemplated by it
or its agencies or other statutory bodies with regard to any matter relating to Insurance business.
l To guide and assist members in complying with laws, regulations, orders and Government
directives relating generally to the business of Insurance
l To create better understanding of Insurance by all sections of the community including the
furtherance of knowledge and research on Insurance and related matters.
l To collect, collate and disseminate statistical, economic and other information relating to Insurance
l To maintain constant dialogue with other trade associations in the Insurance industry with a view to
fostering good relationships between them and the NIA as well as the insuring public
l To confer, consult, maintain contact and co-operate with individuals, associations, societies,
institutions or bodies within or outside Nigeria having objectives similar to those of the Association.
l To promote personal and friendly relationship among members of the Association.
The above objectives are achieved by:

l Regular meetings of the specialized committees of the Association every month where issues
affecting the industry are addressed.
l Maintenance of a well equipped research and statistics department.
l Organizing conferences, seminars and training courses for employees of member companies and
interested public.
l Maintaining highly skilled manpower conversant with modern information and communication
technology
l Interacting positively with the media and other interested groups
l Interacting with supervisory authority and the entire membership of the Association
l Publication of technical journals, statistical digests, news letters and business environment watch.
NIGERIAN INSURERS ASSOCIATION VII

CRYSTALIFE
ADVERT
FOREWORD
T he face of the Nigerian insurance industry has changed in the past two years following the conclusion of the recapitalization
exercise. Thus, adequately positioning the companies to play their rightful roles in national economic development.
The post consolidation era presents very bright prospects for the recapitalized Companies with the concomitant increase in the
expectations of stakeholders including the investors, Policyholders, the Society and others.
It is not yet uhuru for the Insurance industry in Nigeria especially since the sector is not insulated from the dynamics of the
economic indices. It follows that the problems and challenges facing other sectors are equally being faced by the insurance
industry. These problems include epileptic state of power and energy supply, inadequate and weak infrastructural facilities,
over dependence on imports, smuggling of inferior and substandard products, threat to food security, all leading to high cost of
doing business. This is in addition to industry specific challenges such as non-regulator induced round of capitalization,
management issues, computerization of operations, business expansion, product diversification and building the requisite
human capacity to underwrite hi-tech, and oil and gas risks.
However, even in the face of these challenges, the insurance industry has continued to grow in leaps and bounds. The industry
witnessed substantial growth in volume of business written in the year 2007 with a recorded gross premium of N100.62 billion in
2007 as against N82.29 billions in 2006, representing an increase of 22.3%.
The Nigerian economy, no doubt, needs a robust and active insurance sector to support its growth and development through
adequate protection of national assets and indemnity for losses. Much is expected from the industry under the FSS 2020
initiative but the right environment has to be created for businesses to blossom. Then, the insurance sector would be
adequately positioned to perform its roles of the sector and contribute significantly to the National GDP in the years ahead.
The Nigerian Insurance Digest is a Statistical journal that x-rays the performance of the industry in the year under review.
Unfortunately, the Accounts of NICON Insurance Plc was not captured in this year 2007 report due to obvious reasons.
Here, Companies have been ranked according to their performance as captured in their Annual Reports/Accounts. You will
also find very important statistics on different classes of insurance such as Fire, Marine and Motor etc.
In this publication, the performance of companies along business lines; that is, Life and Non- Life businesses is captured for
your delight.
These data have been represented by graphs and charts to help the reader understand and analyze the trends better. What we
have done is to provide the reader with the requisite raw data with which he can make his objective analysis. This is in line with
the popular dictum in journalism which says that: Facts are sacred but comment is free.
NIGERIAN INSURERS ASSOCIATION IX
LIST OF GOVERNING COUNCIL MEMBERS AS AT 31ST DECEMBER, 2
WOLE B. OSHIN, ESQ.

Chairman, NIA
Managing Director
Custodian and Allied Ins. Plc
GBENGA AFOLAYAN, ESQ.

Deputy Chairma, NIAn
Executive Chairman
Goldlink Insurance Plc
I. A. BALOGUN mni PROF. J. O. IRUKWU, SAN
Immediate Past Chairman, NIA (Past Chairman, NIA)
Managing Director
Equity Assurance Plc
BODE AKINBOYE, ESQ. GODWIN U. S. WIGGLE, ESQ.

Hon. Treasurer Hon. Assistant Treasurer
Group Managing Director Managing Director
Standard Alliance Insurance Plc.
Linkage Assurance Plc.
O. LADIPO-AJAYI, ESQ. SEUN AJAYI, ESQ.
Managing Director Executive Vice Chairman
LASACO Assurance Plc. Sovereign Trust Insurance Plc.
SEGUN BALOGUN, ESQ. EDDY EFEKOHA, ESQ.

Managing Director Managing Director
Intercontinental Wapic Insurance Plc. Consolidated Hallmark Insurance Plc.
JACOB ERHABOR, ESQ. CHIEF THEOPHILUS EGESI-EKE

International Energy Insurance Plc. Union Assurance Company Ltd.
OLUMIDE FALOHUN, ESQ. MRS. SEYI IFATUROTI

Law Union & Rock Ins. (Nig.) Plc. CrystaLife Assurance Company Ltd.
ALHAJI MOHAMMED KARI A. J. KRUGER, ESQ

UnityKapital Assurance Plc. UBA Metropolitan Life Insurance Ltd.
F. K. LAWAL ESQ OYE HASSAN-ODUKALE, mfr

Sterling Assurance Co. Ltd. Leadway Assurance Company Ltd.
REMI OLOWUDE, ESQ. A. N. OVIOSU, ESQ.

Executive Vice Chairman Managing Director
Industrial And General Insurance Plc. Crusader General Ins. Co. Ltd.
S.O. OYEFESO ESQ TOPE SMART, ESQ.

STACO Assurance Plc.
NEM Insurance Plc.
DAVID SOBANJO, ESQ. YUGHADHAR SUNKARA, ESQ.
Aiico Insurance Plc. Prestige Assurance Plc.
J. C. URANTA, ESQ K. K. YUSUF, ESQ

Niger Insurance Plc. Nigerian Agric. Ins. Corp.
NIGERIAN INSURERS ASSOCIATION X

NIGERIAN INSURERS ASSOCIATION MANAGEMENT TEAM
Ezekiel O. Chiejina, Esq.

Director-General
Mrs. O. Y. Idowu Dr. Olusanya Oba

Director (Technical / Legal) Assistant Director
(Training & Consultancy)
Christian Agbewhe, Esq. Mrs. Bola Omole

Senior Manager (Finance/Admin) Senior Manager
(IT/HR)
Davis Iyasere, Esq.

Manager
(Corporate Affairs)
Mrs. Bose Agbogun

Dep. Manager (Technical)
Rotimi Badejo
Asst. Manager. (Statistics)
NIGERIAN INSURERS ASSOCIATION XI

CHAIRMEN AND SECRETARIES
TECHNICAL COMMITTEES
ACCIDENT OFFICES COMMITTEE

Mr. Kamalideen O. Jimoh Mr. Solomon Oyebade
Chairman Secretary
ACCOUNTING TECHNICAL COMMITTEE

Mr. A. O. Oriaklu Mr Christian Agbewhe
Chairman Secretary
CORPORATE AFFAIRS COMMITTEE

Mr. Louis Ibe Mr Davis Iyasere
Chairman Secretary
FIRE OFFICES COMMITTEE

Mr. A. O. Falade Mrs. Bose Agbogun
Chairman Secretary
HUMAN CAPITAL MANAGEMENT COMMITTEE

Mr. A. A. Arimoro Mrs. Bola Omole
Chairman Secretary
INFORMATION TECHNOLOGY COMMITTEE

Mr. Temowo Oladotun Mrs. Bola Omole
Chairman Secretary
LEGAL COMMITTEE
Ms. Jumoke Soile Little B. Odang
Chairperson Secretary
LIFE OFFICES COMMITTEE

Mrs Yetunde Ilori Mr J. A. Folarin
MARINE OFFICES COMMITTEE

Mrs. Enevo Onomivbori Miss Omoh Warre
MOTOR TECHNICAL COMMITTEE

Mr. J. O. Gbajobi Miss Adebusola Famakinwa
Chairman Secretary
NIGERIAN INSURERS ASSOCIATION XII

MEMBERS COMPANIES AND TYPES OF BUSINESS THEY TRANSA
S/N NAME OF COMPANY CLASS OF BUSINESS
1 A & G INSURANCE CO. LIMITED GENERAL BUSINESS

2 ADIC INSURANCE LIMITED COMPOSITE BUSINESS
3 AFRICAN ALLIANCE INSURANCE CO. LIMITEDLIFE BUSINESS
4 AIICO INSURANCE PLC COMPOSITE BUSINESS
5 ANCHOR INSURANCE CO. LIMITED GENERAL BUSINESS
6 CAPITAL EXPRESS INSURANCE CO. LIMITED LIFE BUSINESS
7 CONSOLIDATED HALLMARK INSURANCE PLCGENERAL BUSINESS
8 CORNERSTONE INSURANCE PLC COMPOSITE BUSINESS
9 CRUSADER INSURANCE (NIG.) PLC. COMPOSITE BUSINESS
10 CUSTODIAN & ALLIED INSURANCE PLC GENERAL BUSINESS
11 CRYSTALIFE INSURANCE CO. LIMITED LIFE BUSINESS
12 EQUITY ASSURANCE PLC GENERAL BUSINESS
13 GOLDLINK INSURANCE PLC COMPOSITE BUSINESS
14 GREAT NIGERIA INSURANCE PLC COMPOSITE BUSINESS
15 GUARANTY TRUST ASSURANCE PLC COMPOSITE BUSINESS
16 GUINEA INSURANCE PLC. GENERAL BUSINESS
17 INDUSTRIAL AND GENERAL INSURANCE PLC COMPOSITE BUSINESS
18 INSURANCE PHB LIMITED GENERAL BUSINESS
19 INTERCONTINENTAL WAPIC INSURANCE PLC.COMPOSITE BUSINESS
20 INTERNATIONAL ENERGY INSURANCE .PLC GENERAL BUSINESS
21 INVESTMENT AND ALLIED ASSURANCE PLC GENERAL BUSINESS
22 LASACO ASSURANCE PLC COMPOSITE BUSINESS
23 LAW UNION & ROCK INSURANCE (NIG.) PLC GENERAL BUSINESS
24 LEADWAY ASSURANCE CO.LTD. COMPOSITE BUSINESS
25 LINKAGE ASSURANCE PLC GENERAL BUSINESS
26 MUTUAL BENEFITS ASSURANCE PLC COMPOSITE BUSINESS
27 NEM INSURANCE PLC. GENERAL BUSINESS
28 NICON INSURANCE PLC COMPOSITE BUSINESS
29 NIGER INSURANCE PLC. COMPOSITE BUSINESS
30 NIGERIAN AGRICULTURAL INS. CORPORATIONGENERAL BUSINESS
31 OASIS INSURANCE PLC GENERAL BUSINESS
32 OCEANIC INSURANCE CO. LIMITED COMPOSITE BUSINESS
33 PRESTIGE ASSURANCE .PLC. GENERAL BUSINESS
34 REGENCY ALLIANCE INSURANCE PLC GENERAL BUSINESS
35 COMPOSITE BUSINESS
ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC.
36 SOVEREIGN TRUST INSURANCE PLC COMPOSITE BUSINESS
37 SPRING LIFE ASSURANCE PLC LIFE BUSINESS
38 STANDARD ALLIANCE INSURANCE PLC COMPOSITE BUSINESS
39 STANDARD ALLIANCE LIFE ASSURANCE LIMITED
LIFE BUSINESS
40 STACO INSURANCE PLC GENERAL BUSINESS
41 STERLING ASSURANCE NIGERIA LIMITED GENERAL BUSINESS
42 THE UNIVERSAL INSURANCE PLC GENERAL BUSINESS
43 UBA METROPOLITAN LIFE INSURANCE LIMITED
LIFE BUSINESS
44 UNIC INSURANCE PLC LIFE BUSINESS
45 UNION ASSURANCE CO. LIMITED COMPOSITE BUSINESS
46 UNITRUST INSURANCE CO. LIMITED GENERAL BUSINESS
47 UNITYKAPITAL ASSURANCE PLC GENERAL BUSINESS
48 FIN INSURANCE CO. LIMITED GENERAL BUSINESS
49 ZENITH INSURANCE CO. LIMITED COMPOSITE BUSINESS
NIGERIAN INSURERS ASSOCIATION 01

DIRECTORY OF MEMBERS OF THE NIA AS AT 31ST DECEMBER, 2008
ADIC INSURANCE LIMITED
NACA House, 5th-7th Floors
A & G INSURANCE CO. LIMITED 43, AFRIBANK STREET, VICTORIA ISLAND P. O. B. 5061, LAGOS
12, ABIBU OKI STREET, P.O.B. 72942, VICTORIA ISLAND, LAGOS. RC 129628
RC 93906
TEL. 01 8962588, 2642860, 2660648, 2660678, 2669825, 2644989, 2663334, TEL. 01 4618940 3 FAX NO. 01 4618944
2661406, 2642863 4, Email :- info@adicinsurance.com
FAX NO. 01 2661406
Web :- www.adicinsurance.com
E-mail: aginsure@ag.insurance.net Website:- www.ag-insurance.com
DATE OF INCORPORATION 18TH APRIL, 1989
DATE OF INCORPORATION:- 2ND APRIL, 1987
DATE OF COMMENCEMENT OF OPERATION:- SEPTEMBER, 1989
DATE OF COMMENCEMENT OF OPERATION:- 2ND APRIL, 1987
NAME OF AG CHIEF EXECUTIVE OFFICER:- SIDESO CHIOMA (MRS)
NAME OF CHIEF EXECUTIVE OFFICER:- DR. A. A. ADEDEJI
NUMBER OF BRANCHES AND ADDRESSES:-
1. PLOT 792, MOHAMMED BUHARI WAY, FCT ABUJA TEL. 09-6703152
1. 4B, MOBOLAJI BANK ANTHONY WAY, MARYLAND, IKEJA
2. 28, PARK ROAD ABA, ABIA STATE TEL. 082 226683
2. 47, IKWERE ROAD PORT-HARCOURT, RIVERS STATE 3. 3, 0RAIFITE ROAD, NNEWI, ANAMBRA STATE TEL. 046 - 304827
3. PLOT 25A, HERBERT MACAULAY STREET, ABUJA
4. 56, OGUI ROAD, ENUGU TEL. 042 257938
4. 1, ALHAJA JIMOH ODUTOLA ROAD, IBADAN
5. 14, RING ROAD, CHALLENGE, IBADAN - TEL. 02 8713443
5. L5, BLIND BUILDING, AHMADU BELLO WAY, KADUNA
6. 4, CONSTITUTION ROAD, KADUNA - TEL. 062 249127
7. 9A, POST OFFICE ROAD, KANO TEL. 063 - 931330
AFRICAN ALLIANCE INSURANCE CO. 8. 46, IWEKA ROAD, ONITSHA - TEL. 046 320949
RC 2176
LIMITED 77, STADIUM ROAD, PORT HARCOURT - TEL. 084 - 239929
112, BROAD STREET. P. O. BOX 2276, LAGOS
AIICO INSURANCE PLC
TEL. 01 7227666, 8964888 FAX NO. 01 2660943
PLOT PC 12, AFRIBANK STREET, VICTORIA ISLAND, P. O. B. 2577, LAGOS
Email :- alliance@infoweb.abs.net, info@africanallianceinsurance.com RC 7340
Website :- www.africanallianceinsurance.com Tel. 01 2792930 59 Fax:- 01 2614719, 2792969
DATE OF INCORPORATION 6TH MAY, 1960 Email :- info@aiicoplc.com Website:- www.aiicoplc.com
DATE OF COMMENCEMENT OF OPERATION:- 26TH MAY, 1977 DATE OF INCORPORATION 1970

NAME OF CHIEF EXECUTIVE OFFICER:- ALPHONSE O. OKPOR DATE OF COMMENCEMENT OF OPERATION:- 1963
NUMBER OF SHAREHOLDERS: - 11,322
NAME OF CHIEF EXECUTIVE OFFICER:- S. D. A. SOBANJO
1. 79, ADETOKUNBO ADEMOLA ST. WUSE II, ABUJA TEL. 09-5238500
2. 75, OYEMEKUN ROAD, AKURE - TEL. 034 231417 AIICO GENERAL INSURANCE CO. LIMITED
3. 140, NEW LAGOS ROAD, BENIN CITY - TEL. 052 250604
Plot PC 12, Afribank Street, Victoria Island, P. O. B. 2577, Lagos
RC 7340
4. 10/12, LAGOS STREET, KANO - TEL. 064 - 632612 Tel. 01 2792930 59, 4753360 3, 08022921804 -5 Fax:- 2617433
5. 1, AHMADU BELLO WAY, KADUNA - TEL. 062 213977 NAME OF CHIEF EXECUTIVE OFFICER:- OLUSEGUN OMOSEHIN
6. 2, MAIN STREET, ZARIA - TEL. 069 333057

NUMBER OF BRANCHES AND ADDRESS:-
1. 24/26, MURTALA MOHAMMED HIGHWAY, CALABAR TEL. 08036764203
7. 47, MBONU STREET, PORT HARCOURT - TEL. 084 333057
2. 46, TINUBU STREET, ITA EKO, ABEOKUTA
8. 1, JULIBEE ROAD, ABA 3. 7, FACTORY ROAD, ABA
4. 40, USELU / LAGOS ROAD, BENIN CITY -TEL. 052 253019, 252680,
9. 109, Upper New Market Rd. by D. M. G. S. round about, Onitsha - 08023580609, FAX- 052 252680
Tel. 046 411110 5. 55/59, CHIME AVENUE, HAVEN ENUGU TEL. 08036660737,
07038143357
10. 22, AHMADU BELLO WAY, OPP. AP FILLING STATION
6. 4, BEACH ROAD, JOS - TEL. 073 459529 30, 453997
TEL. 073 453900 7. 12, MOSHOOD ABIOLA WAY, IBADAN TEL. 02-8105080 1, 0802367742
11. PLOT 38, MCC (ANASA) ROAD, CALABAR - TEL. 081 222340 8. 37, NIGER ROAD, KANO, TEL. 08028338804
9. 1, CONSTITUTION ROAD, KADUNA - TEL. 08053099017
12. 17/23, OGUI ROAD, ENUGU TEL 042 339996 10. PLOT 2, OBA AKRAN AVENUE, IKEJA TEL. 01 4312400, 08023178537 FAX 01
11. 203/205, OSHODI APAPA EXPRESSWAY, ISOLO TEL. 01- 7743730
13. 11, NEW MARKET ROAD, ABAKALIKI - TEL. 08038069059 12. 36/38, INDUSTRIAL AVENUE, ILUPEJU, LAGOS - TEL. 8194714, 475215
13. NIPOST BUILDING , ODD MARKET, ONITSHA TEL. 046 212830, 080337
14. 1, NAVADA PLAZA, LIBERTY ROAD, IBADAN - TEL. 02-8713780 14. 65/67, DOUGLASS ROAD, OWERRI TEL. 08055314351
15. 10, OBAFEMI AWOLOWO ROAD, IGBONA, OSHOGBO TEL. 080351194
15. 34, ASSOCIATION AVENUE, ILUPEJU TEL. 01 8170171, 7214537
16. 112E, ABA ROAD, PORT HARCOURT TEL. 084 231251 2 FAX- 084 23
17. 24, EFFURUN / SAPELE ROAD, WARRI TEL. 08037552610

CONSOLIDATED HALLMARK INSURANCE PLC
ANCHOR INSURANCE CO. LIMITEDPLOT 33D BISHOP ABOYADE COLE STREET, P. O. BOX 74013, VICTORIA ISLAND, LAGOS
174B, OZUMBA MBADIWE ROAD, VICTORIA ISLAND, P. M. B. 12625, LAGOS RC 168762
RC 132269 TEL. 01 4618222 - 5 FAX:- 01 4618380
TEL. 01 8974201, 2145994 FAX NO. 01 4938694 Email :- cri@cri-insurers.com Website :- www.cri-insurers.com
Email :- DATE OF INCORPORATION 2ND AUGUST, 1991
Website:- Nil
DATE OF COMMENCEMENT OF OPERATION:- 2ND JANUARY, 1992
DATE OF INCORPORATION 6TH JUNE, 1989
NAME OF CHIEF EXECUTIVE OFFICER:- EDDIE EFEKOHA
DATE OF COMMENCEMENT OF OPERATION:- 17TH OCTOBER, 1989
NAME OF CHIEF EXECUTIVE OFFICER:- MAYOWA ADEDURO
NUMBER OF BRANCHES AND ADDRESSES:- 1. 52, EMEKUKU STREET, PORT -HARCOURT
TEL. 084 234608, 462061
1. PLOT 816, CENTRAL AREA, ABUJA TEL. 08023391159
2. RING ROAD, IBADAN TEL. 02 2008281, FAX 02 - 2311804
2. 61B, ABA ROAD PORT HARCOURT TEL.08023569428 3. 266, IKORODU ROAD, OBANIKORO, LAGOS TEL.- 2700273
3. 44, EKET / ORON ROAD TEL. 08023594142 4. 17, ZARIA ROAD, GYADI TEL. 064 - 662432
5. 179, JAKPA ROAD, EFFURUN TEL. 07039568540
4. 33, IKORODU ROAD, JIBOWU TEL. 01 7933485 6. 5B, OKIGWE ROAD, OWWERI TEL. 083 234306, 303992
5. A28, MCC ROAD, CALABAR TEL. 08023016837 7. 4, EZIUKWU ROAD, ABA TEL. 082 - 223216
8. 77, OGUI ROAD, ENUGU TEL. 042 255813, 07039568541
CAPITAL EXPRESS INSURANCE CO. LIMITED 9. 33, MARKET ROAD, ONITSHA TEL. 046 413840
13, BISHOP KALE CLOSE, OFF SAKA TINUBU STREET, VICTORIA ISLAND 10. 119A, IBRAHIM TAIWO ROAD, ILORIN TEL. 07027108272
P. O. BOX 6850, MARINA, LAGOS 11. 3, L. N. OBIOHA ROAD, ORLU TEL. 083 520590
RC 380157 12. 53, MBAIMA / YENAGOA ROAD, YENAGOA
Tel. 01 2641519, 2660590 Fax No. 01 2664526 13. 3, MOSHOOD ABIOLA WAY, OTA TEL. 042 255813, 01 - 7619386
14. BANK OF INDUSTRY HOUSE, AKURE TEL. 034 243644
Email :- capex@infoweb.abs.net 15. 24, CONSTITUTION ROAD, KADUNA TEL. 062 240961
DATE OF INCORPORATION 9TH MAY, 2000 16. 28/30, BUKURU BYE PASS, JOS TEL. 07039568108
17. FMFL BUILDING, SHEHU LAMINU WAY, MAIDUGURI
DATE OF COMMENCEMENT OF OPERATION:- OCTOBER, 1989
TEL. 07039568106
NAME OF CHIEF EXECUTIVE OFFICER:- ANTHONY ALETOR 18. D10A, SHOP 47, ASPAMDA BADAGRY EXPRESSWAY, LAGOS
NUMBER OF BRANCHES AND ADDRESS:- TEL. 01 - 7378640
19. PLOT 6C, FAGBAWESA STREET, OSHOGBO
1. 143, AZIKIWE ROAD, ABA TEL. 08033376088 20. 26, ETTA-AGBOR ROAD, CALABAR TEL. 07039568107
2. 4, UDO UMANA STREET, UYO, AKWA-IBOM TEL. 08023071819 21. PLOT 991/992, ZAKARIYA MAMALARI STREET, CENTRAL
3. 1, ADEKUNLE FAJUYI STREET, DUGBE IBADAN TEL. 08032074433 AREA, ABUJA TEL. 09 2347965, 7804398
4. PRESBYSTERIAN CHURCH COMPLEX, YABA TEL. 08035523939
5. 45, RAILWAY BYE PASS, MARKUDI TEL. 08058708833
CORNERSTONE INSURANCE PLC
6. 280, EFFURUN-SAPELE ROAD, WARRI TEL. 08072702770
1, IDOWU TAYLOR STREET , P. O. B. 75370, VICTORIA ISLAND, LAGOS
7. PLOT 3/5, HERBERT MACAULAY WAY, ABUJA TEL. 08023073818, RC 163170
09 5238047, 5230471 Tel. 01 2806500 Fax:- 01 2806526 7
8. 54, BEDWELL STREET, CALABAR TEL. 08056416882 Email :- enquires@cornerstone-plc.com Website :- www.cornerstone-plc.com
9. 199A, IBRAHIM TAIWO ROAD, ILORIN TEL. 08035807264, 031-742494 DATE OF INCORPORATION 26TH JULY, 1991
10. 44, NEW MARKET ROAD, ONITSHA TEL. 08022407818 DATE OF COMMENCEMENT OF OPERATION:- 26TH JULY, 1991
11. 2, TEMPLE EJEKWU CLOSE, PORT HARCOURT NAME OF CHIEF EXECUTIVE OFFICER:- DOMINIC ICHABA
TEL. 08053316406, 08088472110
12. MBIAMA YENOGOA ROAD YENOGOA TEL. 08033380578, 08055299958 CORNERSTONE LIFE ASSURANCE LIMITED
13. 34, NIGER STREET, KANO TEL. 08037199537, 080598691361, IDOWU TAYLOR STREET , P. O. B. 75370, VICTORIA ISLAND, LAGOS
RC 163170
14. 47, TOYIN STREET, IKEJA TEL. 08055307270
Tel. 01 2806500 Fax:- 01 2806526 7
15. PLOT 5B, OKIGWE ROAD, OWERRI TEL. 08052374746, 08023548167
TOKUNBO BELLO
16. PLOT 22, BIDA ROAD (OPPOSITE STATE LIBRARY BOARD), NAME KADUNA. OF CHIEF EXECUTIVE OFFICER:-
TEL. 08052393339, 08024333493 NUMBER OF BRANCHES AND ADDRESS:-
17. OBA ADESIDA ROAD, AKURE TEL. 08023807121, 08038192266 1. 101B, ADENIYI JONES, IKEJA, LAGOS - TEL. 4715698, 7730680, 497
18. 2A, SEGUN OSOBA WAY, OKELEWO, ABEOKUTA TEL. 08053024445, 2. 42/44, WAREHOUSE ROAD, APAPA, LAGOS - TEL. 5458827, 545882
3. NN18, CONSTITUTION ROAD, KADUNA - TEL. 062 244415, 218060,
0505400845
4. SW8/1005A, RING ROAD, IBADAN - TEL. 022 - 312127, 313883, 3120
19. 28/30, BUKURU BYE PASS, JOS TEL. SHEHU LAMINU WAY, 5. MAIDUGURI
180, PORT HARCOURT ABA EXPRESS WAY, P/H - TEL 084 230644 5
TEL. 08024260146 6. 1025, (590F), ADETOKUNBO ADEMOLA CRESCENT, ABUJA
20. 2A, O'CONNOR STREET, ASATA ENUGU TEL. 08036678889, 08057285167 TEL. 09-5238058, 5238511
21. MFL 12, EWAISE STREET, FORESTRY ROAD, BENIN CITY \ 7. 19, ZARIA ROAD, GYADI GYADI, KANO - TEL. 064 316889, 667922 3
TEL. 08057429735, 08033210251 8. 57, EFFURUN / SAPELE ROAD, SAPELE - TEL. 053 250260

CRUSADER GENERAL INSURANCE LIMITED NUMBER OF BRANCHES AND ADDRESS:-
23/25, MARTINS STREET, P. O. BOX 2101, LAGOS 1. 9, TRANS AMADI INDUSTRIAL LAYOUT, P/H - TEL. 084-239552 3, 236114
RC 7037 2. 4C, MURTALA MUHAMMED WAY, KANO - TEL. 064 635996, 635997
TEL. 01 2662717 5, 2667324 3, 2668840 14, 8179664 -12
3. PLOT 770, CENTRAL DISTRICT, ABUJA - TEL. 09 5234741
2665817 8 FAX :- 01 2660751
Email :- pension@crusaderplconline Website: www.crusaderplconline.com 4. 2A, AHMADU BELLO WAY, ILORIN - TEL. 031 222401
5. 1, JIMOH ODUTOLA ROAD, IBADAN - TEL. 02 213472
DATE OF INCORPORATION 26TH APRIL, 1984
6. 18, WHAF ROAD, KADUNA, - TEL. 062 248542
DATE OF COMMENCEMENT OF OPERATION:- 1956
7. 35, OLD MARKET ROAD, ONITSHA - TEL. 064- 219609
NAME OF CHIEF EXECUTIVE OFFICER:- A. N. OVIOSU
8. BLOCK 3, EDEWOR SHOPPING COMPLEX, EFFURUN - TEL. 053 254765
CRUSADER LIFE INSURANCE LIMITED
23/25, MARTINS STREET, P. O. BOX 2101, LAGOS EQUITY ASSURANCE PLC
TEL. 01 2662717 5, 2667324 3, 2668840 14, 8179664 -12 15B, JOSEPH STREET , P. O. B. 1514, LAGOS.
2665817 8 FAX :- 01 2660751 RC 175105
Email :- pension@crusaderplconline Website: www.crusaderplconline.com TEL. 01 2618318-9, 629103, 2627499, 2626886
FAX:01 2618374, 2626855
NAME OF CHIEF EXECUTIVE OFFICER:- G. O. A. OYELAMI
Email :- info@equityassuranceplccom Website :- www.equityassuranceplccom
DATE OF INCORPORATION 1ST OCTOBER, 1991
1. CENTRAL BUSINESS DISTRICT, GARKI II, ABUJA TEL. 09DATE
2908615
OF COMMENCEMENT OF OPERATION:- 24TH DECEMBER 1991
2. 12, AKPAKPAVA STREET, BENIN TEL. 052 259832 NAME OF CHIEF EXECUTIVE OFFICER:- I. A. BALOGUN
3. 3, KENTA ROAD, KADUNA TEL. 062 241927, 08033037975
4. NUMBER OF BRANCHES AND ADDRESS:-
PLOT 22, TRANS AMADI INDUSTRIAL LAYOUT, PORT HARCOURT
TEL. 084 463130, 433190 1. 19, CIRCULAR ROAD, PORT HARCOURT TEL. 084 236114, 239552, 2
FAX; 084 236115
5. 121, DOUFLASS ROAD, OWERRI TEL. 083 2302259
2. PLOT 770, CENTRAL BUSINESS DISTRICT, ABUJA
6. 17, AHMED ONIBUDO STREET, VICTORIA ISLAND, LAGOS
TEL. 08034742511, 07028221793 TEL. 09 5234741, 5234200
7. SUITE 38, AFADURA SHOPING COMPLEX ALEKUWODO,3.OSHOGBA 86A, ALLEN AVENUE IKEJA - TEL. 01- 8128172, 4744079
TEL. 08038075576, 08023405923 4. 18, WHARF ROAD, KADUNA TEL. 082 248542
5. 47, OBA ADESIDA ROAD, AKURE TEL. 034 243883
8. 1, JIMOH ODUTOLA ROAD, IBADAN - TEL. 02 2414556
6. 7, BOMPAI ROAD, KANO TEL. 064 - 635997
9. 17A, ALLEN AVENUE , IKEJA - TEL. 01 4932622, 2881514
7. 35, OLD MARKET ROAD, ONITSHA TEL. 046- 412608, 480763
10. 36, IBRAHIM TAIWO ROAD, KANO - TEL. 064 642877
8. BLOCK 3, EDEWOR SHOPPING COMPLEX EFFURUN
11. 45, MURTALA MOHAMMED HIGHWAY, CALABAR TEL. 08033029582
TEL. 053 254765, 480763
12. 15, ZARIA ROAD, KANO TEL. 064 642877, 08033028702 9. MMC (ANASA0 ROAD, CALABAR TEL. 087 - 239002
13. 60A, MARKET ROAD, ONITSHA - TEL. 046 484751 10. 19, IBADAN ROAD, IJEBU ODE
14. 27, WHARF ROAD, APAPA TEL. 08023426831, 07028370115
11. KM 15, CHIEF MELFORD OKILO STREET, YENAGOA
15. TISCO BUILDING ALAGBAKA, AKURE TEL. 0803065791112. 19, AHMADU BELLO WAY, JOS
16. 42/43, MARTINS LAGOS TEL. 08033246901, 0702802475213. JIMOH ODUTOLA ROAD, IBADAN TEL. 02 2413472
17. 193, BUKURU BYE PASS, JOS TEL. 08033011570 14. 2A, AHMADU BELLO WAY, ILORIN TEL. 031 - 222401
15. 49, TINUBU STREET, ITAEKO, ABEOKUTA TEL. 039 2445729
CUSTODIAN & ALLIED INSURANCE PLC
14B, KEFFI STREET, S/W IKOYI , P. O. BOX 56487, IKOYI, LAGOS
RC 171209 GOLDLINK INSURANCE PLC
TEL. 01 2707204 -8, 2793740 - 1 6, EMMANUEL STREET , ONIGBONGBO, P. O. BOX: 5987, 7003 MARINA, LAGOS.
FAX NO. 01 2692138
Email :- equiries@custodianinsurance.com, Website:- Nil RC 192814
DATE OF INCORPORATION 1991 TEL. 01 7406561, 7406562, 47522478 8, 8129210, 4969040 -4
DATE OF COMMENCEMENT OF OPERATION:- 1995 Fax No. 01 2637339 Hotline :- 0700goldling(46535465)
NAME OF CHIEF EXECUTIVE OFFICER:- WOLE OSHIN Email :- insure@goldlinkplc.com, info@goldlinkplc.com Website :- www.goldlinkplc.com
NUMBER OF BRANCHES AND ADDRESS:- DATE OF INCORPORATION 15TH APRIL, 1992
1. PLOT 516, SULTAN ABUBAKAR WAY, ZONE 2, WUSE, ABUJA DATE OF COMMENCEMENT OF OPERATION:- 8TH SEPTEMBER, 1993
2. 5, IGBOKWE STREET, D/LINE, PORT HARCOURT NAME OF EXECUTIVE CHAIRMAN :- GBENGA AFOLAYAN
3. 23, OPEBI ROAD, IKEKA, LAGOS
CRYSTALIFE ASSURANCE CO. LIMITED GOLDLINK LIFE ASSURANCE LIMITED

15B, JOSEPH STREET , P. O. B. 1514, LAGOS. 6, EMMANUEL STREET , ONIGBONGBO, P. O. BOX 5987, 7003 MARINA, LAGOS
RC 58532 RC 192814
TEL. 01 2636800, 48122000 FAX NO. 01 637095 TEL. 01 7406561, 7406562, 47522478 8, 8129210, 4969040 - 4
Email :- equitylife@infoweb.abs.net Website :- Nil FAX NO. 01 2637339 HOTLINE :- 0700GOLDLING(46535465)
DATE OF INCORPORATION 10TH NOVEMBER, 1983 NAME OF GENERAL MANAGER :- FUNKE MOORE (MRS.)
NAME OF CHIEF EXECUTIVE OFFICER:- SEYI IFATUROTI

1. 1, RUMOLA ROAD, PORT HARCOURT - TEL. 084 238059
2. PLOT 516, SULTAN ABUBAKAR WAY, WUSE DISTRICT, ABUJA - GT LIFE ASSURANCE LIMITED
TEL. 09 5235386, 5238677 928, Bishop Aboyade Cole Street, P. M. B. 80015 Victoria Island, Lagos
3. ALAGBAKA JUNCTION, AKURE, ONDO - TEL. 034 232825,NAME 232829OF GENERAL MANAGER:- YETUNDE ILORI (MRS.)
4. 48, BOMPAI ROAD, KANO - TEL. 064 635820 NUMBER OF BRANCHES AND ADDRESS:- GTB BRANCHES NATIO
5. 6A, AHMADU BELLO WAY, KADUNA - TEL. 062 243276 GUINEA INSURANCE PLC
6. 1, ALHAJI JIMOH ODUTOLA ROAD, IBADAN - TEL. 02 2411680 46, MARINA, P. O. BOX 1136, LAGOS
RC 1808
7. 82, HOSPITAL ROAD, EKPAN, WARRI - TEL. 053 320053
TEL. 01 2660630, 2665201, 2665205, 2660653
8. 490, IKORODU ROAD, KETU - TEL. 01 2902638, 456186 FAX:- 01 2668258
9. SUITE 405, OPIC PLAZA, KEJ Email :- Nil Website :- Nil
10. 11, UGBAGUE STREET, OFF MISSION ROAD BENIN CITY DATE OF INCORPORATION 3RD DECEMBER, 1958
TEL. 08076385042 DATE OF COMMENCEMENT OF OPERATION:- 1948
11. 3, HOSPITAL ROAD, OFF ST. NICHOLAS HOSPITAL LAGOS NAME OF CHIEF EXECUTIVE OFFICER:- NICHOLAS J. I. OJINNAKA
TEL. 01 - 8153328
GREAT NIGERIA INSURANCE PLC 1. 178, ABA ROAD, PORT HARCOURT - TEL. 0803-302-7159,
8, Omo-Osagie Street , Ikoyi Lagos 0802-330-7760
RC 2107 2. 7, FACTORY ROAD, ABA - TEL. 0803-365-1854
TEL. 01 7739626, 7746983, 7740654, 7739624, 7300015 FAX NIL 3. 8, VENN ROAD, BY A. C. B. INT'L, ONITSHA
4. EFFURUN / SAPELE ROAD, - TEL. 053 254029
Email :- info@greatinsure-ng.com Website :-www.greatinsure-ng.com
5. AKPAKPAVA ROAD, BENIN - TEL. 052 240035
DATE OF INCORPORATION 24TH FEBRUARY, 1960 6. 4, WAFF ROAD, KADUNA - TEL. 062 212038
DATE OF COMMENCEMENT OF OPERATION:- 20TH MAY, 1977 7. 77, SIR KASHIM IBRAHIM, MAIDUGURI - TEL. 076 233569
8. 37, NIGER STREET, KANO - TEL. 064 6233049
NAME OF CHIEF EXECUTIVE OFFICER:- M. A. SIYANBOLA 9. PLOT 1014, SAMUEL ADEMULEGUN STREET,
CENTRAL BUSINESS DIS. ABUJA
GNI LIFE ASSURANCE LIMITED
10. BISHOP FAGUN ROAD, AKURE
8, OMO-OSAGIE STREET , IKOYI LAGOS
11. 3, OBAFEMI AWOLOWO WAY, IKEJA - TEL. 01 4965814
TEL. 01 7739626, 7746983, 7740654, 7739624, 7300015
12. 15, ABRAHIM BABAGIDA BOULEVARD, KUTO, ABEOKUTA -
NAME OF CHIEF EXECUTIVE OFFICER:- FEMI OGUNLEYE TEL. 039 231470
NUMBER OF BRANCHES AND ADDRESS:- 13. 31B, COMMERCIAL ROAD, APAPA - TEL. 01- 872498
1. 28, AFOLABI AINA STREET, BEHIND ALADE MARKET, IKEJA 14. 8, OBAFEMI AWOLOWO ROAD, OKE BOLA, IBADAN -
TEL. 4710812 TEL. 02 2312960
2. 33, IKORODU ROAD, JIBOWU - TEL. 7749251 15. 159, ABRAHIM TAIWO ROAD, ILORIN
3. 47/57, MARTINS STREET, LAGOS - TEL. 2665359
INVESTMENT & ALLIED ASSURANCE PLC
4. PLOT 94, MALANJI STREET, WUSE ZONE 4, ABUJA PLOT 248B, MURI OKUNOLA STREET, VICTORIA ISLAND, LAGOS
TEL. 09 5234217 RC 6965
5. 13B, POST OFFICE ROAD, KANO, - TEL. 064 633686
TEL. 01 2714028 9, 2905320 FAX:- 01 2714028
6. 3, KENTA ROAD, KADUNA - TEL. 062 215129
7. 4, RWANG PAM STREET, JOS - TEL. 073 452496 Email :- Nil Website :- Nil
8. 206, ABA ROAD PORT HARCOURT -TEL. 084 232759 DATE OF INCORPORATION 26TH FEBRUARY, 1981
9. 8, LAGOS BYE PASS, OKE ADO, IBADAN
TEL. 02 2316846,2316914 DATE OF COMMENCEMENT OF OPERATION:- 24TH MAY, 1985
10. OYO-IBADAN ROAD, OWODE -TEL. 038 240712 NAME OF CHIEF EXECUTIVE OFFICER:- SEGUN AKINYEMI
11. 46, IBADAN ROAD, IJEBU-ODE - TEL. 037 - 430504
12. 173, IREMO ROAD, ILE-IFE - TEL. 036 230466
13. 10, AWOLOWO WAY, IGBONNA, - TEL. 035 241844 1.68, MBONU STREET, D/LINE, PORT HARCOURT TEL. 084 485336, 0802-301-6316
14. 1, OLD OWODE ROAD, PANSEKE, ABEOKUTA - TEL. 039 240637
15. 121, M/MOHAMMED WAY, ILORIN - TEL. 031 221262
16. AKURE / OWO ROAD, AKURE - TEL. 034 242193 INDUSTRIAL AND GENERAL INSURANCE PLC
17. JUBILEE ROAD, IKARE- AKOKO, IKARE 18. 152, PTI ROAD, PLOT 741, ADEOLA HOPEWELL STREET , VICTORIA ISLAND, P. O. BOX 80181, LAGOS.
EFFURUN WARRI RC 178140
19. 74, YABA STREET, ONDO - TEL. 034 610326 TEL. 01 6215010 - 4 FAX:- 01 2621146, 2610406
20. 19, AJILOSUN STREET, ADO-EKITI - TEL. 030 250210 Email care@igInigeria.com Website :- www.igInigeria.com
DATE OF INCORPORATION 31ST OCTOBER, 1991
GUARANTY TRUST ASSURANCE PLC
DATE OF COMMENCEMENT OF OPERATION:- 1ST JANUARY, 1992
928, BISHOP ABOYADE COLE STREET, P. M. B. 80015 VICTORIA ISLAND, LAGOS
RC 133276 NAME OF CHIEF EXECUTIVE OFFICER:- REMI OLOWUDE
TEL. 01 2701560 5, 4613284 FAX NO. 01 4613284 NUMBER OF BRANCHES AND ADDRESS:-
Email :- assur@gtaplc.com, info@gtaplc.com Website:- www.gtaplc.com 1. 65, LONDON WALL LONDON, EC2M5TU TEL. 02073740588
2. 1001, PENNSYLVANIA AVENUE, N. W. SUITE 600 SOUTH,
DATE OF INCORPORATION 25TH JUNE, 1989 WASHINGTON DC 2004, USA TEL. +1 202 -297-0498
DATE OF RESTRUCTURING/RESTART T OF OPERATION:- 15TH JUNE, 2004 3. 3, WARRI STREET, AREA II, GARKI ABUJA - TEL. 09 2345542 5
NAME OF CHIEF EXECUTIVE OFFICER:- TOSIN RUNSEWE 4. 21/22, UNIVERSITY ROAD, GWAGWALADA, ABUJA

5. PLOT 2186, (2ND FLOOR) WUSE ZONE 4, ABUJA.
TEL. 09 2907070, 2907071
6. PLOT 41/42, INDEPENDENCE WAY, KADUNA - TEL. 062 242312,INTERCONTINENTAL
217549 WAPIC INSURANCE PLC
7. 3, IBB WAY, OPPOSITE HYDRO JUNCTION, LOKOJA 119, AWOLOWO ROAD P. O. BOX 55508, FALOMO, IKOYI, LAGOS
8. 75/C3, YAKUBU GOWON WAY, JOS - TEL. 073 462534 - 5 RC 1647
9. 80, SHEHU HASHIMI ROAD, KOFA BIYU, MAIDUGURI TEL. 230940-1
TEL. 01 4615153, 8119857 FAX NO.:- 2693838, 2691542
10. 23, RAILWAY BYE PASS, MAKURDI
11. PLOT F1, SANI ABACHA WAY, KANO - TEL. 064 630780, 647664Email :- wapicins@yahoo.com Website :- Nil
12. 4, ZARIA ROAD, BESIDE GIDAN FALAKI, GYADIGYADI, KANO TEL. 064 665814
DATE OF INCORPORATION 14TH MARCH, 1958
13. 1, SUNDAY ADIGUN STREET, ALAUSA, IKEJA TEL. 01 6211229, 7743192 3
14. 180, AWOLOWO ROAD, IKOYI, LAGOS -TEL. 2695666, 2672517 DATE OF COMMENCEMENT OF OPERATION:- 14TH MARCH, 1958
15. 174, OBAFEMI AWOLOWO WAY, IKEJA - TEL. 4974633, 7743192 3
16. 22, WAREHOUSE ROAD, APAPA - TEL. 5876828, 2611583, NAME OF CHIEF EXECUTIVE OFFICER:-
2611590 SEGUN BALOGUN
17. 46, MARINA, LAGOS NUMBER OF BRANCHES AND ADDRESS:-
18. 574, LAGOS/IBADAN EXPRESS ROAD, ABULE EGBA, LAGOS
19. 9, LEBANON STREET, OLD GBAGI DUGBE, IBADAN 1. 9, AHMADU BELLO WAY, JOS TEL. 073 454073
TEL. 02 2410618, 2415051 2. PLOT 991/2, ZAKARIYAUMAIMALARI STREET, ABUJA -
20. 229A, IBRAHIM TAIWO ROAD, ILORIN - TEL. 031 220584 TEL. 09 6713595
21. OBAFEMI AWOLOWO UNIVERSITY, ILE-IFE - TEL. 036 230850,3. NACRDB BUILDING ADO-OWO ROAD, ALAGBAKA, AKURE
22. 47B, OBA ADESIDA ROAD, AKURE - TEL. 034 240856 74207259 TEL. 08033519575
23. 18, LALUBU STREET, OKE-ILEWO, ABEOKUTA 4. 74, TEXTILA MILL ROAD, BENIN CITY TEL. 08028952361
24. GBONGAN/IBDAN ROAD, OSHOGBO TEL. 035 243750 5. 255, WARRI-SAPELE ROAD, EFFURUN WARRI TEL. 080235
25. 42, AJILOSUN STREET, ADO-EKITI 6. 2A, O'CONNOR STREET, ASATA ENUGU TEL. 042 313257
26. 2, TEMPLE EJEKWU CLOSE, RUMUOGBA, PORT HARCOURT 7. RING ROAD, IBADAN TEL. 02 - 2411509
TEL. 084 612948, 612962 -3 8. 24, UNITY ROAD, ILORIN TEL. 08033571620
27. 2, IKWERRE ROAD, PORT HARCOURT 084 233785, 235119
28. 4, CIRCULAR ROAD, GRA PORT HARCOURT
9. 27, ALI AKILU ROAD, KADUNA TEL. 062 211580, 371641
29. 9, OGUI ROAD, ENUGU - TEL 042 - 255870 10. 5, AHMADU BELLO WAY, SOKOTO - TEL. 060 233230
30. 83, OLD MARKET ROAD, ONITSHA -TEL. 046 212156, 412157,11. 2B,303223,
NIGER STREET, KANO - TEL. 064 318049
303606 12. 42B, TRANS AMADI INDUSTRIAL LAYOUT, PORT HARCOU
31. 43, EKWEMA CRESCENT IKENEGBU, OWERRI TEL. 083 234971 TEL. 084 236659
32. 38, AFAHA UQUA ROAD, EKET TEL. 085 700145 13. ABRAKAEZE PLAZA YENIZUE-GENE ALONG MBIAMA/YEN
33. 44, AKPAKPAVA ROAD, BENIN TEL. 052 - 466733 ROAD, YENAGOA TEL. 08053147320
34. 115A, NDIDEM USANGISO ROAD, CALABAR
35. KM 15, MBIAMA / YENAGOA, YENAGOA
INTERNATIONAL ENERGY INSURAMCE PLC
INSURANCE PHB LIMITED PLOT 171A294, JIDE OKI STREET, OFF LIGALI AYORINDE,
1, KEFFI / MANUWA STREET , OFF AWOLOWO ROAD, S. W. IKOYI P. M. B. 80030 VICTORIA ISLAND, LAGOS
P. O. BOX 72211, LAGOS RC 235791 RC 6129
TEL. 01 2717316 - 8, 4619904, 08033414083 FAX;- 01 4619905, 2717314 - 5 TEL. 01 4616972 4, 4627635 -7FAX:- 01 2705770, 2705695
Email :- info@ieinsuranceco.com Website:- www.ieinsuranceco.com
Email :- info@gtiinsurance.com Website: www.gtiinsurance.com
DATE OF INCORPORATION 26TH MARCH, 1969
DATE OF INCORPORATION 17TH JANUARY, 1994 DATE OF COMMENCEMENT OF OPERATION:- 26TH MARCH, 1969
DATE OF COMMENCEMENT OF OPERATION:- JANUARY, 1994
NAME OF CHIEF EXECUTIVE OFFICER JACOB ERHABOR
NAME OF CHIEF EXECUTIVE OFFICER:- O. S. OSIPITAN (MRS.) NUMBER OF BRANCHES AND ADDRESS:-
1. 3, ALLEN AVENUE, IKEJA TEL. 01 2793178, 2793177
1. PLOT 472, ADETOKUNBO ADEMOLA CRESCENT, WUSE II, ABUJA -
2. NAVADA PLAZA LIBERTY ROAD, IBADAN
TEL. 09 5232454, 5232499 TEL. 02 2311137 8, 8719024
2. 112E, ABA ROAD, PORT HARCOURT - TEL. 084 232620, 0803-302-7159 3. 59/61, OYEMEKUN ROAD, AKURE
3. 71, ALLEN AVENUE, IKEJA - TEL. 01 4711636, 0803-300-68784. PLOT 139, ADETOKUNBO ADEMOLA CRESCENT WUSE II, ABUJA
TEL. 09 4612447 8, 4612446 FAX:- 09 4612444
4. 1, ALHAJI JIMOH ODUTOLA ROAD, DUGBE, IBADAN TEL. 02 24114596, 5. 5, SWIMMING POOL ROAD, SHOOTING RANGE, KADUNA
0803-328-2404 TEL. 062 213787
5. 80, EFFURUN / SAPELE ROAD - TEL. 0802-323-4258 6. LAFIA STREET LAMIDO CRESCENT, KANO
6, 4, JINGRE ROAD/M/MOHAMMED WAY, ANGLO-JOS TEL. 073 461970, 7. MA 2, GONDO ALUOR ROAD, LOBI QUARTERS, MARKUDI
0803-324-5198 8. 28, ABA ROAD, PORT HARCOURT TEL. 084 239628
7. 5/7, ALI AKILU ROAD, KADUNA - TEL. 062 372127 9. 10, EVO ROAD, G. R. A. PHASE II PORT HARCOURT
TEL. 084 465391, 465393 FAX:- 084 465392
8. 37, NIGER STREET, KANO - TEL. 064 649095, 0803-328-240010. PLOT 38, MCC ROAD, CALABAR TEL. 087 239640
9. 32, OLD MARKET ROAD - TEL.. 046 217607, 0803-321-2703 11. WARRI-SAPELE ROAD, EFFURUN WARRI TEL. 053 251727
10. 77, AZIKIWE ROAD, ABA -TEL. 082 234343, 223607, 229436, 12. KM 24, MBIAMA/YENEGOA ROAD, YENEGOA
0803-328-2469
11. NACB BUILDING, OWERRI -TEL. 083 234343, 0803-328-5028 13. C132/21:11 SAFIO STREET, ABELEMKPE ESIDENTIAL AREA
14. 8, DEVONSHIRE SQUARE LONDON EC2M, UNITED KINGDOM
12. 413, MBIAMA/YENAGOA ROAD, OKAKA - TEL. 089 490605, 0803-324-4388
TEL. +44(0)2076235500

LAW UNION & ROCK INSURANCE (NIG.) PLC
1. 121 / 123, WESTERN AVENUE, IPORI, SURULERE-LAGOS
14 HUGHES AVENUE, ALAGOMEJI, P. O. BOX 944, LAGOS
RC 6286 2. PLOT 2940, AGUIYI IRONSI STREET, MAITAMA , ABUJA TEL. 09-41306
TEL. 01 8995010 - 9, 7742073 FAX:- 5854066, 5850054, 861221 3. 136, AKARIGBO STREET, IJOKUN, SAGAMU - TEL. 08056111398, 037-7
4. 209, YENAGOA MBIAMA ROAD, YENAGOATEL.08037239334, 089-4905
Email :- enquiry@lur-ng.com Website :- www. lur-ng.com
5. 8, IGBODO STREET, OLD GRA, PORT HARCOURT TEL. 084-239964-5,
DATE OF INCORPORATION 16TH JUNE, 1969 6. 25, ZARIA ROAD, GYADI-GYADI ROUND-ABOUT, KANO TEL. 064-66760
DATE OF COMMENCEMENT OF OPERATION:- 1951 7. 13, LALUBU STREET, OKE-ILEWO, ABEOKUTA TEL. 039 241275, 7742
NAME OF CHIEF EXECUTIVE OFFICER:- OLUMIDE FALOHUN 8. NACRDB BUILDING, ADO-OWO RD., ALAGBAKA AKURE TEL. 034 - 217
NUMBER OF BRANCHES AND ADDRESS:- 9. 55, MURTAL MOHAMMED WAY, JOS TEL. 073 462685, 08022235815
1. 1, ALHAJI JIMOH ODUTOLA ROAD, IBADAN 10. NUJ HOUSE, ANKPA QUARTERS ROAD, MARKUDI TEL. 044-533180
2. 4, CLUB ROAD, KANO 11. 6, PARK ROAD, ZARIA TEL. 08029003787, 069-332397
3. GBONGON ROAD, OSHOGBO 12. 7, KANO ROAD, SOKOTO TEL. 08023454008, 060 232595
4. 27, ABA ROAD, PORT HARCOURT
13. RING ROAD, IBADAN TEL. 08023324284, 02-2316031
5. 17, BEACH ROAD, JOS
14. 5A, ABDUL WAHAB FALAWIYO ROAD, ILORIN TEL. 08034742969,
6. 54, SAPELE / EFFURUN ROAD, EFFURUN, WARRI 031-222208, 741495
7. PLOT 1502, KASHIM IBRAHIM ROAD, MAKURDI 15. 129, CHIME AVENUE, ENUGU TEL. 08023043667, 042-303478
8. PLOT 74, 4TH AVENUE, CENTRAL DISTRICT AREA, ABUJA
16. 141, NDIDEM USANG ISO RD/MARIAN RD., CALABAR TEL. 087-2392
9. 1, SAIDU YABAGI / BOSSO ROAD, MINNA
17. AKPAKPAVA STREET, BENIN CITY TEL. 052, 254407, 08023404114
LASACO ASSURANCE PLC 18. KM 2, GBOGAN-OSOGBO ROD. OSOGBO TEL. 08022238018,
13, ALHAJA ASHABI COLE STREET, ALAUSA, IKEJA, P. O. BOX. 3724, LAGOS09055415302, 035-207975
RC 31126 19. EFFUNRUN/SAPELE RD., WARRI TEL. 053-253390, 321172, 08022238
TEL. 01 4711848 50, 4978028 FAX NO. 01 4978029 20. IKOT EKPENE RD. UYO TEL. 08055054266, 085-200761
Email :- info@lasacoassurance.com Website:- www.lasacoassurance.com
DATE OF INCORPORATION 20TH DECEMBER, 1979 LINKAGE ASSURANCE PLC
PLOT 20, BLOCK 94 LEKKI-EPE EXPRESSWAY, LAGOS
DATE OF COMMENCEMENT OF OPERATION:- 1ST AUGUST, 1980 RC 162306
NAME OF CHIEF EXECUTIVE OFFICER:- O. O. LADIPO - AJAYI Tel. 01 2716560 1, 2716572 4, 2716564 - 70 Fax:- 01 2716571
Email :- info@linkageassurance.com Website: www.linkageassurance.com
LASACO LIFE ASSURANCE NIG. LIMITED DATE OF INCORPORATION 26TH MARCH, 1991
PLOT 16, ACME ROAD OGBA, IKEJA, LAGOS
NAME OF AG. CHIEF EXECUTIVE OFFICER:- 'DIMEJI OLONA
NAME OF CHIEF EXECUTIVE OFFICER:- G. U. S. WIGGLE
NUMBER OF BRANCHES AND ADDRESS:- NUMBER OF BRANCHES AND ADDRESS:-
1. OBAFEMI AWOLOWO WAY, IKEJA TEL. 08023131686 1. 57, ABA ROAD, PORT HARCOURT - TEL. 084 237632, 239712
2. 15, LALUBU STREET, IKE ILEWO, ABEOKUTA TEL. 08052257752 2. 4, YOLA STREET, AREA 7, GARKI ABUJA TEL. 09 5238303
3. SUITE 516, SULTAN ABUBAKAR WAY, WUSE ZONE 2, ABUJA 3. 9, WHARF ROAD, APAPA, LAGOS TEL: 2632396, 2646794 - 6
TEL. 08023062144, 09 5237163, 5232131 4. 68, ENERHEN ROAD, WARRI - TEL. 053 255843
4. SOUTH WEST RING ROAD, IBADAN TEL. 02 2313219 5. 2A, OCONNOR ROAD, ENUGU TEL: 042 256759
6. AKPAN ANDEM MARKET, UYO TEL. 085 - 203529
5. 243, IBRAHIM TAIWO ROAD, ILORIN TEL. 08023390258
7. 16/17, BEACH/BAN ROAD, JOS TEL. 073 - 458178
6. 37, NIGER STREET, KANO TEL. 064 640068, 08028407117 8. SW9/1130 OLD LAGOS ROAD, ORITA CHALLENGE BY ABEOKUT
7. LSDPC HOUSE, NNAMDI AZIKIWE / ALLI BALOGUN STREET, LAGOS IBADAN TEL. 02 - 2311968
TEL. 01 2664269, 08023846993 9. 41, NEW MARKET ROAD, ONITSHA TEL. 046 - 4137927
8. 18A, MBONU STREET, D/LINE, PORT HARCOURT 10. 48, BOMPAI ROAD, KANO TEL. 064 - 648722
TEL. 084 -238404, 08023216163 11. 4, BRASS STREET, ABA TEL. 082 - 228242
9. 40, USELU LAGOS ROAD, BENIN TEL. 052 252580 12. 6, DUKE TOWN DRIVE, STATE HOUSING ESTATE TEL. 082 5528
10. 89, IBB WAY CALABAR TEL. 08022914694 13. PLOT 3, DSP ALAMEIYESEIGHA WAY, KELLA DRY CLEANERS
11. 75, MOBOLAJI BANK ANTHONY WAY, IKEJA TEL. 01- 8994391 BUILDING, YENAGOA
LEADWAY ASSURANCE COMPANY LIMITED MUTUAL BENEFITS ASSURANCE PLC

NN 28 / 29, CONSTITUTION ROAD, P. O. BOX 458, KADUNA 233, IKORODU ROAD, LLUPEJU, LAGOS
RC 7588 RC 269837
TEL. 01 2700700 FAX NO. 01 2700800 TEL. 01 2793457 8, 2712981 - 2 FAX:- 01 2793458, 2712985
Email :- insure@leadway.com Website :- www.leadway.com Email :- info@mutualbenefitassurance.com Website:- www.mutualbenefitassurance.com
DATE OF INCORPORATION 2ND SEPTEMBER, 1970
DATE OF INCORPORATION: 18TH APRIL 1995
DATE OF COMMENCEMENT OF OPERATION:- 1971 DATE OF COMMENCEMENT OF OPERATION:- 2ND OCTOBER, 1995
NAME OF CHIEF EXECUTIVE OFFICER : OYE HASSAN-ODUKALE,MFR NAME OF CHIEF EXECUTIVE OFFICER:- AKIN OGUNBIYI

MUTUAL BENEFITS LIFE ASSURANCE LIMITED 7. KM. 37, ABEOKUTA EXPRESS WAY, SANGO, OGUN STATE - TEL. 0
233, IKORODU ROAD, ILUPEJU, LAGOS
8. 241, LAGOS BYE PASS MOLETE, IBADAN - TEL. 02 2310018, 2310
TEL. 01 2793457 8, 2712981 - 2 FAX:- 01 2793458, 2712985
NAME OF CHIEF EXECUTIVE OFFICER:- FEMI ASENUGA 9. 19, LALUBU STREET, OKE ILEWO, IBARA, ABEOKUTA - TEL 039
10. 232, IBRAHIM TAIWO ROAD, ILORIN - TEL. 031 222956, 0803-37
11. IKIRUN ROAD, OSOGBO - TEL. 035 240242, 0803-358-7294
1. PLOT 1014, CENTRAL BUSINESS DISTRICT, ABUJA TEL. 09 670791 12. 5 / 14, IDEPENDENT LAYOUT, ENUGU TEL. 042 451369, 451967,
2. 33, CALCUTTA CRESCENT, APAPA TEL. 01 8942171 0803-310-1859
3. 1, ALH. JIMOH ODUTOLA ROAD, IBADAN TEL. 02 2410478 13. 56, OGUI ROAD, ENUGU - TEL. 042 252056, 0803-451-6323
4. 129, ABA ROAD, WATER-LINE PORT HARCOURT TEL. 084 461978 14. 62, NEW MARKET ROAD, ONITSHA - TEL. 046 212911, 0803-319-
5. 14, IMGBI ROAD, YENAGOA 15. 43, OKIGWE ROAD, OWERRI - TEL. 083 234185, 0803-453-3026
6. NACRDB BUILDING, ALAGBAKA, AKURE TEL. 034 - 240681 16. 5, NSUKA STREET, UMUAHIA - TEL. 088 220622
17. 4, OZO NWIMOKA CLOSE, AWKA - TEL. 046 552516
NEM INSURANCE PLC 18. 37, OGOJA ROAD, ABAKALIKI - TEL. 043 220880
138 / 146, BROAD STREET, P. O. BOX. 654, LAGOS
RC 6971 19. PLOT 1B, YAKUBU GOWON WAY, KADUNA - TEL. 062 248240, 24
TEL. 01 2600040 5, 2665258, 2664468, 2664759
20. 5, BIRNIN-KEBBI ROAD, SOKOTO - TEL. 060 - 233682, 232532
FAX NO. 01 2663277, 2640667
Email :- nem@nem-insurance.com Website:- www.nem-insurance.com 21. 10A, SOKOTO/ZARIA ROAD, GUSAU - TEL. 063 202288
Date of Incorporation: 2ND April, 1970 22. 4, PARK ROAD, ZARIA 069 334443, 335345, 0803-451-9770
Date of Commencement of Operation:- 1948 23. 1, EMIR YAYA ROAD, BIRNIN-KEBBI - TEL. 068 321401
Name of chief Executive officer:- Tope Smart 24. 13B, POST OFFICE ROAD, KANO - TEL. 064 630409, 635063, 635
NUMBER OF BRANCHES AND ADDRESS:- 25. 7, IBB WAY, KOFAR KAURA, KATSINA - TEL. 065 432842, 0803-78
1. PLOT 516, SULTAN ABUBAKAR WAY WUSE ZONE 2, ABUJA 26. KIYAWA ROAD, DUTSE - TEL. 064 721163, 721164
TEL. 09 6714952, 5233083
27. 22/24, ABA ROAD PORT HARCOURT - TEL. 084 233425, 0803-721
2. BOI BUILDING ALAGBAKA, AKURE TEL. 034 215829
3. 1, AERODROM ROAD, APAPA, LAGOS TEL. 08023063284 28. 13, FACTORY ROAD, ABA - TEL. 082 222285, 0803-702-3426
4. 26, ETTA AGBOR ROAD, CALABAR TEL. 087 239571 29. 1, BARRACKS ROAD, CALABAR - TEL. 087 222241, 0802-364-63
5. 1, ALHAJI JIMOH ODUTOLA STREET, IBADAN - TEL. 02 2411992 30. 5, WELLINGTON BASSEY WAY, UYO, - TEL. 085 200693, 0802-34
6. 10, RWANG PAM STREET, JOS - TEL. 073 454216 31. 16, EKET ORON ROAD, EKET - TEL. 085 701637, 0802-354-3072
7. 3, KANTA ROAD, KADUNA - TEL. 062 217683 32. 1, BUNAS STREET, YENAGOA - TEL. 089 490164, 0803-592-5121
8. 37, NIGER STREET, KANO TEL. 064 649374 33. 55, AKPAKPAVA STREET, BENIN CITY - TEL. 052 257575
9. 284, IKORODU ROAD, ANTHONY, LAGOS TEL. 8171844, 4824737, 34. 289, WARRI/ SAPELE ROAD, WARRI - TEL. 053 250541, 0802-345
2710060
10. 107, UPPER NEW MARKET ROAD, ONITSHA TEL. 046 410736 35. 377, NNEBISI ROAD, ASABA - TEL. 056 280658, 0802-345-8226
11. 57, EFFURUN / SAPELE ROAD, EFFURUN, WARRI - TEL. 053 36.254934,
221, ARAKALE STREET, ISINKAN, AKURE - TEL. 034 241490, 241
08034221374, 08023288188
37. 95, AJILOSUN STREET, ADO-EKITI TEL. 030 251990, 8034532067
12. 68, OGBIA STREET (MBONU STREET) D-LINE TEL. 084 233513
38. NICON HILTON HOTEL, ABUJA - TEL. 09 4131228, 4131456
13. 10, OLAORE ESTATE OPPOSITE CAC PRIMARY SCHOOL GBONGA/IBADAN,
OSHOGBO TEL. 08023276477 39. BANK ROAD, MINNA - TEL. 066 222093, 221527, 221376
40. 26, ABDULLAHI SHELLENG ROAD, MAKURDI - TEL. 044 533908,
NICON INSURANCE CORPORATION 0803-358-72760
PLOT 242, MUHAMMADU BUHARI WAY, CENTRAL BUSINESS
41. 20, KABBA/OKENE ROAD, LOKOJA - TEL. 058- 220170, 0803-358-
DISTRICT, P. O. B. 5029, ABUJA
RC 198905 42. 1, NEW MARKET STREET, NASARAWA STATE - TEL. 047 221353
TEL. 01 09 2345051, 2349637, 2341715, 0802-290-7103, 43. SECRETARIAT ROAD, GWAGWALADA, ABUJA - TEL. 09-8821571
0803-408-0389, 0805-550-2306
44. 18, SHEHU LAMINU WAY, MAIDUGURI - TEL. 076 342746, 232126
FAX NO. 09 2344129, 2348116, 2347701, 2348421
45. 94, MOHAMMED MUSTAPHA WAY, YOLATEL. 075 624705
Email :- infodesk@lniconinsurance.com.ng Website :-www.niconinsurance.com.ng
46. PLOT NR 2, KASHIM GANA GEDAN STR., DAMATURU - TEL. 076
DATE OF INCORPORATION: 1ST JULY, 1969
47. 23, HAMMARUWA ROAD, JALINGO - TEL. 079 223660, 223661
DATE OF COMMENCEMENT OF OPERATION:- 1ST JULY, 1969
48. 4, SECRETARIAT ROAD, JOS - TEL. 073 465184, 466075, 465828
NAME OF CHIEF EXECUTIVE OFFICER:- E. A. JEGEDE
49. BIU BCG ROAD, GOMBE STATE - TEL. 072 221974
NUMBER OF BRANCHES AND ADDRESS:- 50. BANK ROAD, BAUCHI - TEL. 077 543628, 0802-355-8360
1. 5, CUSTOM STREET, LAGOS - TEL. 01 2640230 6 51. 21, WORSHIP STREET, LONDON - TEL. 0207 628-2877
2. 8, ADEYEMO ALAKIJA STREET, V / ISLAND - TEL. 4701477, 7742630
3. 118 / 120, BROAD STREET, LAGOS - TEL. 01 2660867, 2660379
4. 46, ALLEN AVENUE IKEJA - TEL. 4961100, 0802-223-6164
5. 20 22, COMMERCIAL AVENUE, YABA - TEL. 863166, 4705620, 0803-303-5665
6. 22, COMMERCIAL AVENUE, APAPA - TEL. 5871908, 08003-323-6810

NIGER INSURANCE PLC DATE OF INCORPORATION: 1993
48/50, ODUNLAMI STREET, P. O. BOX. 2718, LAGOS DATE OF COMMENCEMENT OF OPERATION:- 15TH DECEMBER, 1987
RC 6484 NAME OF CHIEF EXECUTIVE OFFICER:- KWATRI K. YUSUF
TEL. 01 2630862, 2630887, 2630928, 2632343, 2632941, 2601327. FAX NO.:- 2662196
Email :- info@nigerinsurance.com Website :- www.nigerinsurance.com
1. UAC BUILDING, ABEOKUTA - TEL. 039 241449, 241663
DATE OF INCORPORATION 29TH AUGUST, 1962 2. 96, IWO ROAD, IBADAN - TEL. 02 711896, 711663, 711885
3. SHOP 23, YINKA OBA COMPLEX IWO / IBADAN ROAD - TEL. 03
DATE OF COMMENCEMENT OF OPERATION:- 29TH AUGUST, 1962
4. 38B, OBA ADESIDA ROAD, AKURE - TEL. 039 4300948
NAME OF CHIEF EXECUTIVE OFFICER:- J. C. URANTA 5. 6, AKPAKPAVA STREET, BENIN CITY - TEL. 052 250035, 256003
NUMBER OF BRANCHES AND ADDRESS:- 6. 433, NNEBISI ROAD, OPPOSITE FEDERAL MEDICAL CENTRE, D
1. 302, IKORODU ROAD, ANTHONY - TEL. 4932052, 4960185 7. 22, AJILOSUN ROAD ADO-EKITI - TEL. 030 250530
2. 47, MARINA, LAGOS - TEL. 2662186 8. 47, MARINA LAGOS - TEL. 2668381
9. 7, IBB WAY, KATSINA - TEL. 065 432805
3. 41/43, ITIRE ROAD, SURULERE - TEL. 7738474, 0803-308-5970
4. 11, AKOBALE LAYOUT, S. W. RING ROAD, IBADAN - TEL. 10.
022 M4, AHMADU BELLO WAY, KADUNA
313873
5. 42/49, WAREHOUSE ROAD, APAPA - TEL. 5878092 11. 60, IBRAHIM TAIWO ROAD, KANO - TEL. 064 649092 , 649463
12. 4, TURAKI ROAD, DUSTEN REME - TEL. 065 6770278
6. 148, IKPOBA SLOPE, BENIN TEL. 052 -259631, 08033602733
13. 8, MAIDUGURI ROAD, - TEL. 060 234205
7. 23, QAURY ROAD, ABEOKUTA TEL. 039 242983, 08022237692
14. 25, AHMADU BELLO WAY BERNIN KEBBI - TEL. 068 20145
8. 168, IBRAHIM TAIWO ROAD, ILORIN TEL. 031 223057, 08036670616
15. 10, SOKOTO / ZARIA ROAD, GUSAU - TEL. 066 203607
9. OSHOGBO/GBOGAN ROAD TEL. 08023271268, 07073006399
16. GIDAN CHIROMAWA, DUTSE - TEL. 064 721292
10. NIDB BUILDING ALAGBAKA, AKURE TEL. 034 215066, 08053375115
17. 1, EBITU UKIWE / BOSSO ROAD, MINNA - TEL. 066 221241
11. IDOWU TAYLOR STREET, VICTORIA ISLAND, LAGOS 18. 1, BCC ROAD, BIDA - TEL. 461246
TEL. 26299090-1, 08033295639
19. 12, ALI AKILU ROAD, MAKURDI - TEL. 044 532269
12. 9, ABA/PORT HARCOURT EXPRESSWAY PORT HARCOURT -
20. 159, IBRAHIM TAIWO ROAD, ILORIN - TEL. 032 223200
TEL. 084 332717, 237838
21. 15, IBB WAY\, LOKOJA - TEL. 058 220840
13. 27, WETHERAL ROAD, OWERRI - TEL. 083 230833
22. SHANDAM ROAD, LAFIA
14. 71, OLD MARKET ROAD, ONITSHA - TEL. 046 414298
23. 63B, NNAMDI AZIKIWE ROAD, ANAMBRA
15. 69, AZIKIWE ROAD, ABA TEL. 082 225730, 08037642251
24. 43, OKIGWE ROAD OWERRI - TEL. 033 232987
16. 433, NNEBISI ROAD, OPPOSITE FEDERAL MEDICAL CEN.25. ASABA
66, ABA ROAD, UMUAHIA - 088 221465
17. 35, NDIDEM USANG ISO ROAD, CALABAR - TEL. 087 237180
26. 50, ZIK'S AVENUE NWEWI, ENUGU - TEL. 042 259305,
18. 69, EFFURUN / SAPELE ROAD, WARRI TEL. 053 257389 254785, 256801
19. 17, UDOUMANA STREET, UYO - TEL. 085 200133, 20012627. 202, ORON ROADUYO - TEL. 085 200822
20. 72/76, OGUI ROAD, ENUGU TEL. 08033059395 28. 23, DAN ACHIBONG STREET, CALABAR - TEL. 087 225987, 23
21. MBIAMA / YENAGOA ROAD, YENAGOA TEL. 0805402583029. OGOJA ROAD, ABAKALIKI, EBONYI STATE
22. 20, MBONU STREET, D/LINE PORT HARCOURT TEL. 08059078291
30. 1, AZIKIWE ROAD, PORT HARCOURT
23. 5, MACAULAY STREET, BONNY RIVERS TEL. 084- 270690,31. 39, HOSPITAL ROAD,JIMETA YOLA - TEL. 075 625807
08034305464
32. 6, AHMADU
24. PLOT 208, ZAKARIYA MAIMALARI CENTRAL BUSINESS DISTRICT, ABUJABELLO WAY, BAUCHI - 077 - 542379
TEL. 09 2345600, 2343075, 2349928, 08055245301 33. 28/30, BUKURU BYE PASS, JOS - TEL. 073 460092
25. NUJ HOUSE, AKPA STREET, MARKUDI - TEL. 04 4 531335 34. BIU ROAD, GOMBE - TEL. 072 220227
26. 28/30, BUKURU BYE PASS, JOS - TEL. 073 461620 35. NAIC BUILDING, MAIDUGURI - 076 231637
27. 22, GIDAN MAKAMA OFF IBB WAY, LOKOJA 36. OPPOSITE GOVERNOR'S OFFICE DAMATURU, YOBE
28. PLOT B, AHMADU BELLO WAY, KADUNA - TEL. 062 249672 37. 134, HAMMA RUWA WAY JALINGO - TEL. 079 222085
29. 1, IBB WAY, KATSINA - TEL. 065 431969 OASIS INSURANCE PLC
30. 153, SIR KASHIM IBRAHIM ROAD, MAIDUGURI TEL. 298,076 233925
ABIOLA MOSHOOD ROAD, ANTHONY, P. M. B. 21170, IKEJA, LAGOS
31. 40, ATIKU ABUBAKAR ROAD, JEMITA YOLA - TEL. 075 627631 RC 208278
32. 1136, AHMADU BELLO WAY, SOKOTO - TEL. 060 233188 TEL. 01 7916038, 7901354 FAX:- 01 5556026
33. 21, ZARIA ROAD, KANO -TEL. 064 660014, 664342 Email :- info@oasisinsurer.com, enquire@oasisinsure.com
34. PLOT 32, OBANA MOTORS FCT, ABUJA TEL. 09 - 8820457 Website:- www.oasisinsure.com
35. 1, KANDI CLOSE, OFF AMINU KANO CRESCENT, KANO
TEL. 0803504489, 08053338078 DATE OF INCORPORATION 9TH NOVEMBER, 1992
36. 34/36, ABUBAKAR AHMED ROAD, BAUCHI TEL. 077 - 542732 DATE OF COMMENCEMENT OF OPERATION:- JULY, 1993
37. ABDUSALLAM WAY OPPOSITE FARM CENTRE, MINNA TEL. 066 223719, NAME OF CHIEF EXECUTIVE OFFICER:- BABATUNDE O. OSHADIYA
08033566048 NUMBER OF BRANCHES AND ADDRESS:-
NIGERIAN AGRICULTURAL INSURANCE CORPORATION 1. 5, DUGBE LAYOUT, IBADAN TEL. 02 2410431
PLOT 590, ZONE A. O. CENTRAL AREA, BOX 0178, ABUJA 2. 2, OBAFEMI AWOLOWO WAY, IGBONA - OSHOGBO - TEL. 035
RC 114853 3. 2, IKWERRE ROAD, PORT HARCOURT - TEL. 084 231061
TEL. 09 2342806, 2342675, 2342539, 2347312
FAX NO. 09 2342070, 2342675 4. AIRPORT (RETURN) ROAD, CENTRAL BUSINESS AREA, ABUJA
TEL. 09 5234707
Email :- agricins@yahoo.com Website:- Nil 5. 9A, BOMPAI ROAD, KANO

ROYAL EXCHANGE GENERAL INSURANCE
OCEANIC INSURANCE COMPANY LIMITED COMPANY LIMITED
20, OZUMBA MBADIWE STREET, VICTORIA ISLAND, LAGOS 31, MARINA, P. O. BOX 112, MARINA, LAGOS
RC 2558142 RC 6752
TEL. 01 4615145, 4615146, 2706890, 2793744 6 TEL. 01 7925494, 2691048, 2694503 FAX.:- 2694504
FAX:- 012793747, 4615145 Email :- info@royalexchangeplc.com Website :- www.royalexchangeplc.com
Email :- info@oceanicinsuranceng.com Website:- www.oceanicinsuranceng.com
DATE OF INCORPORATION 29TH DECEMBER, 1969
DATE OF INCORPORATION 26 OCTOBER 1994 DATE OF COMMENCEMENT OF OPERATION:- 27TH MAY, 1977
DATE OF COMMENCEMENT OF OPERATION:- 27 OCTOBER 1995 NUMBER OF SHAREHOLDERS:-
NAME OF CHIEF EXECUTIVE OFFICER:- LAFOR OLATERU-OLAGBEGI NAME OF CHIEF EXECUTIVE OFFICER:- YINKA FABOADE
ROYAL PRUDENTIAL LIFE ASSURANCE
OCEANIC LIFE ASSURANCE LIMITED COMPANY LIMITED
20, OZUMBA MBADIWE STREET, VICTORIA ISLAND, LAGOS 31, MARINA, P. O. BOX 112, MARINA, LAGOS
NAME OF CHIEF EXECUTIVE OFFICER:- EKPE UKPABIO TEL. 01 7925494, 2691048, 2694503 FAX.:- 2694504
NAME OF CHIEF EXECUTIVE OFFICER:- ABAYOMI RUFAI
1. C/O OCEANIC BANK INT'L PLC, NEXIM HOUSE, CBD ABUJA
2. OCEANIC BANK INT'L PLC, CREEK ROAD, APAPA
1. 34/36, OSHODI / APAPA EXPRESSWAY, OSHODI TEL. 49680106
3. C/O OCEANIC BANK INT'L PLC, TRANS AMADI INDUSTRIAL LAYOUT,
2. 1, ASA ROAD, ABA, - TEL. 082 220477, 220450
PORT HARCOURT
4. OTHER 44 BRANCHES ACROSS THE COUNTRY 3. PLOT 1950, ALGIERS STREET, WUSE, ZONE 5, ABUJA -
TEL. 09 5238846
PRESTIGE ASSURANCE PLC 4. 94, OYEMEKUN ROAD, AKURE - TEL. 034 241971
19, LIGALI AYORINDE STREET, P. O. BOX 650, MARINA, LAGOS 5. 22, WAREHOUSE ROAD, APAPA - TEL. 5876122
RC 6753 6. 357, WUNTO, BAUCHI - TEL. 077 543455
TEL. 01 4610641 2, 2713713 FAX:- 2713712 7. 75, IGUN STREET, BENIN - TEL. 052 251373
Email :- prestigeassurance@yahoo.co.uk Website:- Nil 8. 19, OGUI ROAD, ENUGU - TEL. 042 256396
DATE OF INCORPORATION: 6TH JANUARY, 1970 9. COCOA HOUE, IBADAN - TEL. 02 2411628, 2414
10. 4, KODESHO STREET, IKEJA - TEL. 4968020 3
DATE OF COMMENCEMENT OF OPERATION:- 1952
11. 159, IBRAHIM TAWIO ROAD, ILORIN - TEL. 031 222564
NAME OF CHIEF EXECUTIVE OFFICER:- YUGANDHARA R. SUNKARA 12. 8, BANK ROAD, JOS - TEL. 073 453739
NUMBER OF BRANCHES AND ADDRESS:- 13. 5, NBC ROAD, KADUNA - TEL. 062 240219, 240471
1. 38, BEIRUT ROAD, KANO TEL. 064 - 633050 14. 2B, POST OFFICE ROAD, KANO - TEL. 064 633587 8, 633655
2. 13, ABA ROAD, DIOBU, PORT HARCOURT TEL. 08027338725 15. 38, NEW MARKET ROAD, ONITSHA - TEL. 046 411018
3. 53, OYO ROAD, OREMEJI MOKOLA, IBADAN TEL. 02 - 871687 16. 5, KASHIM IBRAHIM ROAD, MAIDUGURI - TEL. 076 232271
17. 22/24, ABA ROAD, PORT HARCOURT - TEL. 084 234884
18. 10, MAIDUGURI ROAD, SOKOTO - TEL. 060 230809
REGENCY ALLIANCE INSURANCE PLC 19. 82, SAPELE ROAD, EFFURUN WARRI - TEL. 0802-309-4700
2B, Ebun Street, Gbagada Estate Phase I, Gbagada, P. O. Box 70333 V/I, Lagos
20. 55B, MUBI ROAD, JIMETA, YOLA - TEL. 075 725002
RC 223946
Tel. 01 2691290, 2691298, 8128991 Fax No. 01 4615869 STANDARD ALLIANCE INSURANCE PLC
Email :- regency@nigol.net.ng Website:- regencyinsurancecompany.com 324a, Akin ogunlewe Street, off younis bashorun street,
Date of Incorporation 16th June, 1993 P. O. Box 73659, Victoria Island, Lagos
RC 40590
Date of Commencement of Operation:- 1st April, 1994 Tel. 01 4616201 2, 7741644 5, 0700-insurance, Fax:- 2623928
Name of chief Executive officer:- OLUBIYI OTEGBEYE Email :- info@tandardalliance.com Website :- www.sainsurancegroup.com
NUMBER OF BRANCHES AND ADDRESS:- DATE OF INCORPORATION 28TH JULY, 1981
1. 95, AZIKIWE ABA TEL. 082 221135, 08033420099 DATE OF COMMENCEMENT OF OPERATION:- 5TH JULY, 1983
2. 2, SEGUN OSOBA STREET, OKE-ILEWO, IBARA-ABEOKUTA NUMBER OF SHAREHOLDERS:-
TEL. 039 244442, 240016 NAME OF GROUP MANAGING DIRECTOR:- BODE AKINBOYE
3. PLOT 102, POLY PLAZA WUSE II, ABUJA TEL. 07028173714 NUMBER OF BRANCHES AND ADDRESS:-
4. 111, CALABAR ROAD, CALABAR TEL. 087 2375589 1. PLOT 1182, IBB WAY OFF OLUSEGUN OBASANJO CRESCENT
5. 61, AKPAKPAVA STREET, BENIN TEL. 08056145305 2. 11B, CIRCULAR ROAD, PRESIDENTIAL ESTATE, PORT HARCO
6. BLOCK E, PLOT 1, OKE BOLA SHOPPING COMPLEX, IBADAN TEL. 07028372423 TEL. 084 232791
7. 18, MUHAMMADU BUHARI WAY, KADUNA TEL. 07028395724 3. 73, IBRAHIM TAIWO ROAD, KANO TEL. 064 316874
4. 20, BOLUMOLE STREET, OFF RING ROAD NEPA BUS STOP, IB
8. 44, MARKET ROAD, ONITSHA TEL. 07028791440 TEL. 02 2312680
9. 10, OLUSEGUN OBASANJO WAY, OKE FIA, OSHOGBO TEL. 08051743627,
5. 44, NEW MARKET ROAD, ONITSHA TEL. 046 414131
08034061824
6. 52, AIRPORT ROAD, EFFURUN WARRI TEL. 053 31083 4
10. 1, ADEOLA HOPEWELL STREET, VICTORIA ISLAND, LAGOS TEL. 813062, 7. MURTALA 4448556MOHAMMED WAY, CALABAR TEL. 087 238237
11. 46, EFFURUN/WARRI ROAD, OPPOSITE AFRIBANK PLC EFFURUN8. WARRI
56, SHEHU LAMINU WAY, MAIDUGURI TEL. 076 976096
TEL. 08054217482 9. CAN COMPLEX, ATERE, OSOGBO TEL. 08023426538

STACO INSURANCE PLC
209, HERBERT MACAULAY STREET, EBUTE-METTA,
P. M. B. 1018 SABO YABA, LAGOS
10. 129, IKOT EKPENE ROAD, IKWA IBOM RC 167274
11. 76, MBIAMA / YENAGOA ROAD, YENAGOA TEL. 01 7741181, 7730571, 7731880 - 1 FAX NO.:- 3425466
12. 177, NNAMDI AZIKIWE ROAD, ABA
13. 18, MAJOR GENERAL MUHAMMED BUHARI WAY, KADUNAEmail :- info@stacoplc.com Website:- www.stacoplc.com
14. 119A, IBRAHIM TAIWO ROAD, ILORIN DATE OF INCORPORATION 2ND SEPTEMBER, 1994
15. 16, OPEBI IKEJA TEL. 7939437
DATE OF COMMENCEMENT OF OPERATION:- OCTOBER, 1994
16. 8, KOFO ABAYOMI STREET, APAPA
17. 9, OLUSEGUN OBASNJO WAY, ITA EKO, ABEOKUTA TEL. 039 NAME OF CHIEF EXECUTIVE OFFICER:-
701552 S. O. OYEFESO
18. NACRDB BUILDING ALAGBAKA ROAD, AKURE TEL 08034726447 NUMBER OF BRANCHES AND ADDRESS:-
19. 193, BUKURU BYE PASS, JOS
1. 292F, AJOSE ADEOGUN STREET, VICTORIA ISLAND TEL. 7410184
2. 32, MOBOLAJI BANK ANTHONY WAY, IKEJA NTEL. 2806995, 7349721
STANDARD ALLIANCE LIFE ASSURANCE LIMITED 3. 118, AMINU KANO CRESCENT, ABUJA TEL. 09 8708139
PLOT 285B, AJOSE ADEOGUN STREET, P. O. BOX 73659, 4. 4, CONSTITUTION ROAD, KADUNA TEL. 062 243821, 371409
VICTORIA ISLAND, LAGOS 5. 31, KING PEREKULE STREET, GRA PHASE II, PORT HARCOUR
RC 356258
TEL. 084 238637, 463758
TEL. 01 4617678 9, 4616241, 3200254, 7748195 6. 36, IBRAHIM TAIWO ROAD, KANO TEL. 064 951380, 632056, 314658
FAX NO. 01 3200254, 4616241 7. 49, RING ROAD, IBADAN TEL. 02 8707749
Email :- standardlife@standardalliancegrp.com Website :- Nil 8. 255, EFFURUN/SAPELE ROAD, EFFURUN TEL. 053 251788, 251757
9. 193B, MBIAMA STREET, YENEGOA TEL. 08023064656
DATE OF INCORPORATION 20TH MAY, 1999 10. 229, ZIK AVENUE, AWKA TEL. 08027656464
DATE OF COMMENCEMENT OF OPERATION:- JANUARY, 2000 11. BOI HOUSE ADO-OWO ROAD, ALAGBAKA, AKURE
NAME OF CHIEF EXECUTIVE OFFICER:- AUSTIN ENAJEMO-ISIRE
STERLING ASSURANCE NIGERIA LIMITED
NUMBER OF BRANCHES AND ADDRESS:- 332, IKORODU ROAD, IDI-IROKO BUS STOP, MARYLAND,
1. PLOT 1182, IBB WAY OFF OLUSEGUN OBASANJO CRESCENT P. O. BOX 4550, MARINA, LAGOS RC 155662
WUSE II, ABUJA
2. 172A, ABA ROAD, PORT HARCOURT TEL. 01 7730406, 7612060, 76131934, 2667002 - 4 FAX:- 012667001
Email :- insure@sterlingassurancenigeria.com
Website :- www.terlingassurancenigeria.com
SOVEREIGN TRUST INSURANCE PLC
35, ADETOKUNBO ADEMOLA STREET, DATE OF INCORPORATION 1990
P. O. BOX 74393, VICTORIA ISLAND, LAGOS DATE OF COMMENCEMENT OF OPERATION:- 1991
RC 31962 NAME OF CHIEF EXECUTIVE OFFICER:- F. K. LAWAL
TEL. 01 4615006-9, FAX:- 4617200, 4615817 NUMBER OF BRANCHES AND ADDRESS:-
Email :- info@sti.com.ng WebsitE:- www.sti.com.ng 1. 2, IKEWERRE ROAD, PORT HARCOURT TEL. 084 573373
2. 37, NIGER STREET, KANO TEL. 064 312680
DATE OF INCORPORATION 2ND JANUARY, 1995 3. SUITE G4, RUSSEL CENTRE ZONE 5, ABUJA
DATE OF COMMENCEMENT OF OPERATION:- 1980 4. NEW STATE HOSPITAL ROUNDABOUT, RING ROAD, IBADAN
NAME OF EXECUTIVE VICE CHAIRMAN:- OLUSEUN O. AJAYI
1. 87, OBAFEMI AWOLOWO ROAD, OKE BOLA, IBADAN THE UNIVERSAL INSRANCE PLC
TEL. 02 -2311624, 2311524 PLOT 1204A, AMODU OJIKUTTU STREET,
2. 52, EMEKUKU STREET, D-LINE, PORT HARCOURT OFF BISHOP OLUWOLE STREET, VICTORIA ISLAND, LAGOS
RC 2460
TEL. 084 571315, 238546, 462676 TEL. 01 8753226 FAX:-01 - 6213219
3. 1001, ADETOKUNBO ADEMOLA CRESCENT WUSE, ABUJA
E-mail :- Website:- www.universalgroup.com
SPRING LIFE ASSURANCE PLC DATE OF INCORPORATION 1ST MARCH, 1961
PLOT 855, BISHOP ABOYADE COLE STREET, VICTORIA ISLAND DATE OF COMMENCEMENT OF OPERATION:- 30TH MAY, 1977
P. O. BOX 5078, MARINA LAGOS RC 118408 NUMBER OF SHAREHOLDERS:-
Tel. 01 8048656, 2712732 - 5 Fax :- nil NAME OF CHIEF EXECUTIVE OFFICER:- OKECHUKWU L. OKAFOR
Email :- info@springlifeassuranceplc.com
Website :- www.@springlifeassuranceplc.com
UBA METROPOLITAN LIFE INSURANCE LIMITED
DATE OF INCORPORATION 1989 PLOT 1662, OYINJOLAYEMI STREET, P. M. B. 80130,
VICTORIA ISLAND LAGOS
DATE OF COMMENCEMENT OF OPERATION:- RC 162337
NAME OF CHIEF EXECUTIVE OFFICER:- TAYO A. AKINTUNDE (MRS.) Tel. 01 4620570, 7923658 Fax:- 2707017, 2707950
NUMBER OF BRANCHES AND ADDRESS:- Email :- info@ubametropolitan.com Website:- www.ubagroup.com
1.7B, AZIKIWE ROAD, PORT HARCOURT - TEL. 084 486139 DATE OF INCORPORATION 19, AUGUST, 2004
2.16A, COMMERCIAL AVENUE, SABO-YABA DATE OF COMMENCEMENT OF OPERATION:- 19 APRIL, 2004
3.91/93, OBAFEMI AWOLOWO WAY, IKEJA, LAGOS. NAME OF CHIEF EXECUTIVE OFFICER:- AMOLDUS J. KRUGER

UNIC INSURANCE PLC
UNION ASSURANCE COMPANY LIMITED
PLOT 144, OBA AKRAN AVENUE, IKEJA P. O. B.X 588, LAGOS
36, MARINA P. M. B. 12686, LAGOS
RC4280 RC234883
TEL. 01 2806734 6 FAX:- 01 2707017 Tel. 01 2643859 61, 2640277 fax No. 01 2643862
Email :- customercare@unicinsurance.com Website :- www.unicinsurance.com Email :- hotline@unionassuranceng.com Website :- Nil
DATE OF INCORPORATION 2 APRIL 1965ND DATE OF INCORPORATION 18TH NOVEMBER, 1993
DATE OF COMMENCEMENT OF OPERATION:- 1ST OCTOBER 1965 DATE OF COMMENCEMENT OF OPERATION:- 21ST SEPTEMBER, 1994
NAME OF CHIEF EXECUTIVE OFFICER:- NAME OF CHIEF EXECUTIVE OFFICER:- GODWIN EJEMBI ODAH
KEITH ALFORD
NUMBER OF BRANCHES AND ADDRESS:- NUMBER OF BRANCHES AND ADDRESS:-
1. PLOT 468, TRANS AMADI LAYOUT, PORT HARCOURT - TEL. 084 2
1. PLOT 1406, AHMADU BELLO WAY, GARKI ABUJA
2. UBN ABUJA AREA OFFICE, GARKI, ABUJA - TEL. 09 2341141
2. 272, NNEBISI ROAD, ASABA
3. 69, MISSION ROAD, BENIN CITY 3. 37, MURTALA MOHAMMED WAY, KANO - TEL. 064 632772, 645499
4. UBN BENIN AREA OFFICE - TEL. 052 257554, 254067, 254270
4. 2, TINUBU SQUARE, LAGOS
5. UBN PLC, BANK ROAD, DUGBE IBADAN -
5. 2, O'CONNOR STREET, OPPOSITE EASTERN SHOP, ASAPA ENUGU
TEL: 02 2411241, 2414493, 2414615
6. 1, SHELL CLOSE, ONIREKE, IBADAN
7. 43, MURTALA MOHAMMED WAY, JOS 6. UBN PLC, 8, OKPARA AVENUE, ENUGU -TEL. 042 255239
8. 26B, POST OFFICE ROAD, KANO
9. PLOT 25A, TRANS AMADI INDUSTRIAL LAYOUT, PORT HARCOURT
10. PLOT 2A, AHMADU BELLO WAY, KADUNA FIN INSURANCE COMPANY LIMITED
11. 29, EFFUREN / SAPELE ROAD, WARRI 34, GANA STREET MAITAMA FCT-ABUJA
RC 38815
TEL. 09 4827700
UNITRUST INSURANCE COMPANY LIMITED Email :- Nil Website:- Nil
PLOT 105B, AJOSE ADEOGUN STREET, VICTORIA ISLAND,
DATE OF INCORPORATION 24TTH APRIL, 1981
P. O. BOX 1202, LAGOS RC 42899 DATE OF COMMENCEMENT OF OPERATION:- 21ST DECEMBER, 1984
TEL. 01 2625523 7, 2701167 -9, 4617031 2, 4626850 2
NAME OF CHIEF EXECUTIVE OFFICER:- AUWALU MUKTARI
08036000060 FAX NO.:- 2701165, 4626854
Email :- unitrust@hyperia.com or untrust@cobranet.org
Website:- www.untrustinsurance.com ZENITH INSURANCE COMPANY LIMITED
DATE OF INCORPORATION 1981 PLOT 101, AJOSE ADEOGUN STREET, P. O. BOX 75315,
DATE OF COMMENCEMENT OF OPERATION:- 1986 VICTORIA ISLAND, LAGOS RC 6761
NAME OF CHIEF EXECUTIVE OFFICER:- JIHAD EL-MATNI TEL. 01 2701004 5, 4613704 FAX NO. 01 - 4613705
NUMBER OF BRANCHES AND ADDRESS:- Email :- Nil Website:- Nil
DATE OF INCORPORATION 1970
1. PLOT 102/105, TRANS AMADI INDUSTRIAL LAYOUT, PORT HARCOURT
TEL. 084 461534 5 DATE OF COMMENCEMENT OF OPERATION: 24TH NOVEMBER, 1977
NAME OF CHIEF EXECUTIVE OFFICER:- EBELECHUKWU OKONYE
UNITYKAPITAL ASSURANCE PLC
PLOT 497, ABOGO LARGEM,A STREET , OFF CONSTITUTION AVENUE,
CENTRAL BUSINESS DISTRICT, P. M. B. 13233, WUSE II, ABUJA
RC 111785
TEL. 09 4619900 FAX NO. 09 4619901
Website :- unitykapital.com Email :- Nil
DATE OF INCORPORATION 8TH AUGUST, 1973
DATE OF COMMENCEMENT OF OPERATION:- 13TH MAY, 1994
NAME OF CHIEF EXECUTIVE OFFICER:- MOHAMMED KARI
1. 45/47, MARTINS STREET, LAGOS TEL. 01 2662417, 2641709
2. PLOT 2087, HERBERT MACAULAY WAY, WUSE ZONE 5, ABUJA
TEL. 09-5233809
3. 35B, KAFUR ROAD, KADUNA - TEL. 062 V- 241900
4. GIDAN CIROMW, YADI, DUTSE - 064 7021134
5. 55, MURTALA MOHAMMED WAY, JOS - TEL. 073 461305
6. GIDAN SAMBO, SOKOTO ROAD, GUSAU - TEL. 063 202769
7. IBB WAY, KATSINA - TEL. 065 - 432106
8. 101, SIR KASHIM IBRAHIM ROAD, MAIDUGURI - TEL. 076 342574
9. 38, BANK RAOD, MARKUDI - TELL. 044 531574
10. 2, AIRPORT ROAD, MINNA - TEL. 066 222745
11. 78, IKWERE ROAD, PORT HARCOURT - TEL. 084 331414
12. 11, MAIDUGURI ROAD, SOKOTOP - TEL. 060 - 230432
13. 30, MUBI ROAD, YOLA - TEL. 075 625269
14. 54, EFFURUN SAPELE ROAD, WARRI - TEL. 053 252985

INDUSTRY’S FACTS
1. The number of registered insurance companies as at 31st December 2007 is 49.
Specialized life insurance companies 7
Composite insurance companies 18
General Insurance Company 23
Reinsurance Company 2
2. The present minimum share capital of insurance companies are as follows:
A) Life insurance business: N2billion or US$ 17,271,157.17
B) General insurance business: N3billion or US$ 25,906,735.75 @ N115.8 = $ 1.00
C) Composite insurance business: N5billion or US$ 43,177,892.92
3. Growth rate of premium income of insurance companies in Nigeria 1998 - 2007
Av. Growth
TYPE OF BUSINESS 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Rate
LIFE - 78.0 4.0 24.5 29.0 22.4 20.4 6.1 (1.5) 23.9 23.0
NON - LIFE - 1.0 36.9 18.6 35.7 26.4 24.9 10.8 9.7 22.0 20.7
Book on Oil and Gas Insurance
UNDERSTANDING
THE INSURANCE OF
OIL AND GAS RISKS
ANTHONY GBADEBO-AJEBUORO
For your copy, contact: Nigeria Insurers Association

42, Saka Tinubu Street,
Victoria Island, Lagos.
Tel:- 01 - 7743813, 2629616, 8043840

Operating
Environment

OPERATING ENVIRONMENT IN YEAR 2008
1.0 REVIEW OF ECONOMIC 2007 to 6.50% in April 2008.

PERFORMANCE IN FISCAL YEAR 2008
The policy thrust of the Federal Government Similarly, developments in the Real and Social
during the fiscal year 2008 was to consolidate Sectors (Agriculture and Water Resources,
the gains of the nation's Economic Reform Industry, Solid Minerals, Education, Power and
Programme through the enthronement of the Energy, Health, Transportation, among others)
principle of the rule of law, the 7-Point Agenda, did not witness any significant growth.
NEEDS-2, Millennium Development Goals Productivity index reflected by capacity
(MDGs) and Vision 2020, through partnership utilization in industries declined by 4.95% from
with the Organized Private Sector (OPS) via 50.5% in December 2007 to 48.0% in April
Public/Private Partnership (PPP). 2008. The reduction has been attributed to the
lingering problems of power outages, multiple
The Basic Assumptions of the 2008 Budget levies and taxes, insecurity of lives and
were: property, high cost of funds, etc.
 Oil price of $53.83 per barrel 2.2 INFLATION RATE

 Crude Oil production of 2.45 million The 12-months moving average rate of inflation
increased from 5.4% in December 2007 to 7.8%
barrels per day in July 2008, indicating 44.44% increase while
 Joint Venture Cash Calls of US$4.97 billion the year-on-year rate equally increased from
 GDP Growth rate of 11% 6.6% in December 2007 to 14.0% in July, 2008,
indicating 112.12% increase. These increases
 Inflation rate of 8.5% and are largely attributable to the rise in prices of
 Exchange rate of N117 to US$1. food items witnessed in the country since the
beginning of year 2008.
2.0 ECONOMIC PERFORMANCE
A review of the performance of the economy 2.3 INTEREST RATE
from the beginning of the year reveals that there The interest rate hovered around 21% and 30%
was no sig improvement over year 2007 due to (when all incidental charges are added by the
the non-implementation of several aspects of banks) inspite of the efforts of the Central Bank
the 2008 Federal Budget. of Nigeria (CBN) to bring down interest rate
below 10%.
Investors (local and international) continued to
face immense challenges, occasioned by the 2.4 EXTERNAL RESERVES
epileptic state of power and energy supply, Nigeria's Gross External Reserves which stood
inadequate and weak infrastructural facilities at US$51.33 billion in December 2007, rose to
influx of inferior and substandard products, and US$60.13 billion in August 2008, indicating an
threat to food security, all leading to high cost of increase of 17.14%. This was made possible by
doing business and a rise in poverty index. the high prices of crude oil in the international
market.
2.1 GROSS DOMESTIC PRODUCT
(GDP) 2.5 STATE OF INFRASTRUCTURE
In year 2008, the average growth rate of the The Nigerian economy did not witness
economy i.e Gross domestic Product (GDP) significant improvement in terms of
declined by 14.92% from 7.64% in December infrastructural development during the year

2008. Industrial/commercial centres continued programmes of Government must be intensified
to experience heavy traffic due to bad roads and appropriate policy framework put in place
thereby constituting undesirable delays to through Public/Private Partnership (PPP). This
motorists and other road users while the rail and will drive the process towards achieving the
mass transit schemes were yet to receive the desired growth of the economy and positively
desired boost necessary to transform the impact on the fortunes of individual citizens.
transport sector.
2.6 J O B C R E AT I O N / P O V E R T Y
ALLEVIATION
Unemployment and poverty level remained
high as the various programmes of Government
(NEEDS-2, 7-Point Agenda, MDGs and Vision
2020) were yet to being to have the desired
impact on the standard of living of the citizenry
in particular and the economy in general.
2.7 SECURITY OF LIVES AND

PROPERTY
Efforts by the Federal Government towards
improving the security of lives and property of
the citizenry appear not to be yielding the
desired result. The country was yet to witness
appreciable drop in crime rate, armed robbery
attacks in public places, vandalization of major
oil and gas pipelines, kidnapping of oil and non-
oil workers, etc. have become pervasive and
unabated, especially in urban areas and Niger-
Delta region.
2.8 GLOBAL FINANCIAL CRISIS

The global financial crisis which showed signs
in the United States of America has gradually
become contagious. Virtually every economy
seems to be affected either directly or indirectly.
Nevertheless, the Nigerian economy is not

entirely insulated from global occurrences. The
stock market has lost over 1 trillion Naira to this
malaise.
The Government should be prepared to package

in advance the necessary bail out mechanism to
avert the ugly effects of the crisis.
3.0 CONCLUSION
Given the state of the Nigerian economy in
2008, the on-going socio-economic reform

Operating
Performance
of Non-Life
Companies

MOTOR INSURANCE PREMIUM INCOME FOR 2007
REINS
DIRECT ACCEPTED GROSS PREMIUM
REINS. CEDEDCEDED WRITTEN
BUSINESSLOCALLY ABROAD PREMIUM LOCALLY ABROADPREMIUM
S/NO. NAME OF COMPANY ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO
1 A & G INSURANCE CO. LIMITED 80,385 - - 80,385 3,353 - 77,032
2 ADIC INSURANCE LIMITED 346,225 6,133 - 352,358 10,668 - 341,690
3 AIICO INSURANCE PLC. 430,515 - - 430,515 27,326 - 403,189
4 ANCHOR INSURANCE CO. LIMITED 293,031 - - 293,031 2,500 - 290,531
5 677,944
CONSOLIDATED HALLMARK INSURANCE PLC 500 - 678,444 20,739 - 657,705
6 CORNERSTONE INSURANCE PLC 1,248,369 4,039 - 1,252,408 10,104 - 1,242,304
7 CRUSADER INSURANCE (NIG.) PLC. 585,058 23 - 585,081 35,634 - 549,447
8 963,432
CUSTODIAN & ALLIED INSURANCE PLC. 1,607 - 965,039 17,174 - 947,865
9 EQUITY ASSURANCE PLC. 663,966 822 - 664,788 4,600 - 660,188
10 GNI INSURANCE PLC. 175,329 - - 175,329 5,865 - 169,464
11 GOLDLINK INSURANCE PLC. 1,219,710 4,378 - 1,224,088 106,119 - 1,117,969
12 GUARANTY TRUST ASSURANCE PLC. 531,979 2,621 - 534,600 15,147 - 519,453
13 GUINEA INSURANCE PLC. 74,219 - - 74,219 3,885 - 70,334
14 INDUSTRIAL AND GENERAL INSURANCE
728,361
PLC - - 728,361 145,672 - 582,689
15 INSURANCE PHB LIMITED 383,315 - - 383,315 - - 383,315
16 INTERCONTINENTAL WAPIC INSURANCE PLC. 3,023
1,183,900 - 1,186,923 4,365 - 1,182,558
17 INTERNATIONAL ENERGY INSURANCE PLC. 84,939
447,713 - 532,652 16,392 - 516,260
18 INVESTMENT & ALLIED ASSURANCE PLC.
62,597 1,336 - 63,933 5,785 - 58,148
19 LASACO ASSURANCE PLC 448,222 634 - 448,856 15,948 - 432,908
20 LAW UNION & ROCK INSURANCE (NIG.)
734,768
PLC - - 734,768 181,967 - 552,801
21 LEADWAY ASSURANCE CO. LIMITED2,375,360 509 - 2,375,869 39,173 - 2,336,696
22 LINKAGE ASSURANCE PLC. 730,226 4,974 - 735,200 25,297 - 709,903
23 MUTUAL BENEFITS ASSURANCE PLC.562,888 - - 562,888 7,939 - 554,949
24 N.E.M. INSURANCE PLC. 1,207,886 - - 1,207,886 19,706 - 1,188,180
25 NICON INSURANCE PLC n. a. n.a. n.a. n.a. n.a. n.a. n.a.
26 NIGER INSURANCE PLC. 759,596 9,506 - 769,102 138,031 - 631,071
27 NIGERIAN AGRICULTURAL INS. CORPORATION
48,275 - - 48,275 - - 48,275
28 OASIS INSURANCE PLC. 109,228 - - 109,228 1,504 - 107,724
29 OCEANIC INSURANCE CO. LIMITED 509,439 5,190 - 514,629 25,642 - 488,987
30 PRESTIGE ASSURANCE PLC. 238,252 1,660 - 239,912 - - 239,912
31 REGENCY ALLIANCE INSURANCE PLC411,319 - - 411,319 72,003 - 339,316
769,575
32 ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC - - 769,575 64,794 - 704,781
33 SOVEREIGN TRUST INSURANCE PLC 854,403 4,153 - 858,556 103,906 - 754,650
34 STANDARD ALLIANCE INSURANCE PLC729,769 100,266 - 830,035 80,424 - 749,611
35 STACO INSURANCE PLC 1,219,959 780 - 1,220,739 424 - 1,220,315
305,211
36 STERLING ASSURANCE NIGERIA LIMITED 647 - 305,858 - - 305,858
37 THE UNIVERSAL INSURANCE PLC 211,510 - - 211,510 - - 211,510
38 UNIC INSURANCE PLC 56,921 - - 56,921 - - 56,921
39 UNION ASSURANCE CO. LIMITED 552,551 2,901 - 555,452 22,831 - 532,621
40 UNITRUST INSURANCE CO. LIMITED 729,700 - - 729,700 48,164 - 681,536
41 UNITYKAPITAL ASSURANCE PLC 331,925 - - 331,925 2,812 - 329,113
42 FIN INSURANCE CO. LIMITED 293,167 - - 293,167 10,277 - 282,890
692,858
43 ZENITH GENERAL INSURANCE CO. LIMITED - - 692,858 109,646 - 583,212
TOTAL 24,979,056 240,641 - 25,219,697 1,405,816 - 23,813,881

MEMBER COMPANIES RANKED IN ORDER OF PREMIUM
FROM THEIR DIRECT MOTOR INSURANCE BUSINESS (2003-2007)
2007 2006 2005 2004 2003
Premium Premium Premium Premium Premium
Rank Company ‘000 Rank Company ‘000 Rank Company ‘000 Rank Company ‘000 Rank Company ‘000
1 LEADWAY ASSURANCE CO. LTD. 2,375,360 1 LEADWAY ASSURANCE CO.LTD.1,409,684 1 LEADWAY ASSURANCE CO.LTD. 1,180,309 1 LEADWAY ASSURANCE CO. LTD. 1,171,131 1 NICON INSURANCE CORPORATION 1,695,361
GOLDLINK INSURANCE CO.LTD.934,334 2 GOLDLINK INS. CO. LTD 909,722 2 LEADWAY ASSURANCE CO. LTD. 974,334
2 CORNERSTONE INSURANCE PLC 1,248,369 2 1,098,192 2
GOLDLINK INSURANCE CO.LTD. NICON INSURANCE CORPORATION 690,564 3 GOLDLINK INS. CO. LTD 509,100
3 NICON INSURANCE CORPORATION 865,332 3
3 STACO INSURANCE PLC 1,219,959 3 INTERCONTINENTAL WAPIC INS.PLC.
974,345 4 ROYAL EXCHANGE ASS. NIG. PLC.
585,166 4 CORNERSTONE INS. PLC 553,948 4 CORNERSTONE INS. PLC 457,763
4 GOLDLINK INSURANCE PLC. 1,219,710 4 NICON INSURANCE PLC 930,182 5 UNITRUST INSURANCE CO.LTD.510,962 5 LINKAGE ASSURANCE CO. LTD 538,029 5 ROYAL EXCHANGE ASS. (NIG.) PLC 440,719
CORNERSTONE INSURANCE PLC 510,721 6 ROYAL EXCHANGE ASS. (NIG.) PLC 525,035 6 INDUSTRIAL & GEN. INS. CO. LTD 436,696
5 N.E.M. INSURANCE PLC 1,207,886 5 CORNERSTONE INSURANCE PLC 828,021 6 WAPIC INSURANCE PLC 503,165 7 UNITRUST INSURANCE CO. LTD. 429,909
7 UBA INSURANCE CO. LTD 441,383 7
6 INTERCONTINENTAL WAPIC INS. PLC.1,183,900 6 CUSTODIAN & ALLIED INS. CO.726,569
LTD 8 WAPIC INSURANCE PLC. 403,746 8 UNITRUST INSURANCE CO. LTD. 446,601 8 STANDARD ALLIANCE INS. CO. LTD. 418,460
7 CUSTODIAN & ALLIED INSURANCE PLC 963,432 7 ANCHOR INSURANCE CO.LTD.669,854 9 LTD.
STANDARD ALLIANCE INS. CO. 391,740 9 STANDARD ALLIANCE INS. CO. LTD. 424,536 9 NIGER INSURANCE PLC 355,301
VIGILANT INSURANCE CO.LTD. 380,895 10 INDUSTRIAL & GEN. INS. CO. LTD 357,257 10 EQUITY INDEMNITY INS. CO. LTD. 352,001
8 SOVEREIGN TRUST INSURANCE PLC854,403 8 663,246 10
ROYAL EXCHANGE ASS. NIG. PLC. 11 SOVEREIGN TRUST INS. CO. LTD. 357,096 11 LINKAGE ASSURANCE CO. LTD 345,884
11 LTD
CUSTODIAN & ALLIED INS. CO. 375,579
9 ROYAL EXCHANGE ASSURANCE (NIG.) 769,575
PLC. 9 UNITRUST INSURANCE CO.LTD. 604,040 12 SOVEREIGN TRUST INSURANCE PLC
367,705 12 NIGER INSURANCE PLC 331,271 12 SOVEREIGN TRUST INS. CO. LTD. 343,688
10 NIGER INSURANCE PLC. 759,596 10 INDUSTRIAL & GENERAL INS.CO.551,333
LTD. 13 LINKAGE ASSURANCE CO.LTD. 360,941 13 UNIC INSURANCE PLC 290,698 13 LAW UNION & ROCK INS. (NIG.) PLC 284,368
INDUSTRIAL & GENERAL INS. LTD.
357,831 14 THE LION OF AFRICA INS. CO. LTD 279,981 14 UNIC INSURANCE PLC 280,107
NIGERIAN INSURERS ASSOCIATION

11 LAW UNION & ROCK INS. (NIG.) PLC 734,768 11 STANDARD ALLIANCE INS. PLC528,909 14 CUSTODIAN & ALLIED INS. CO. LTD. 279,879 15 THE LION OF AFRICA INS. CO. LTD 274,148
15 NIGER INSURANCE PLC. 353,710 15
12 LINKAGE ASSURANCE PLC 730,226 12 EQUITY ASSURANCE CO. LTD. 525,431 16 UNIC INSURANCE PLC 16 VIGILANT INSURANCE CO. LTD. 277,004 16 WAPIC INSURANCE PLC 264,133
346,595
13 729,769 13 507,552 17 17 STANDARD TRUST ASS. PLC 274,578 17 GUARDIAN TRUST INS. CO. LTD. 244,761
STANDARD ALLIANCE INSURANCE PLC NIGER INSURANCE PLC. THE LION OF AFRICA INS. CO.LTD.
330,035
18 GUARDIAN TRUST INS. CO. LTD. 258,230 18 VIGILANT INSURANCE CO. LTD. 216,812
14 UNITRUST INSURANCE CO. LTD. 729,700 14 495,564 18
SOVEREIGN TRUST INS. CO. LTD. CRUSADER INSURANCE CO.PLC.
19
318,766 19 EQUITY INDEMNITY INS. CO. LTD. 247,418 19 GREAT NIGERIA INSURANCE PLC. 211,287
PLC
LAW UNION & ROCK INS. (NIG.)298,267 20 CRUSADER INSURANCE (NIG.) PLC 242,117 20 AIICO INSURANCE PLC 206,863
15 INDUSTRIAL AND GENERAL INS. PLC728,361 15 STANDARD TRUST ASSURANCE 441,721
PLC 20 PLC
STANDARD TRUST ASSURANCE290,514
21 21 MUTUAL BENEFITS ASS. PLC 238,593 21 MUTUAL BENEFITS ASS. PLC 200,625
16 ZENITH GENERAL INSURANCE CO. LTD. 692,858 16 LAW UNION & ROCK INS. (NIG.)412,903
PLC HALLMARK ASSURANCE PLC 288,147 22 UNION ASSURANCE CO. LTD. 227,779 22 STANDARD TRUST ASS. PLC 195,545
22 EQUITY INDEMNITY INS. CO. LTD.
17 CONSOLIDATED HALLMARK INS. PLC677,944 17 N.E.M. INSURANCE CO.PLC. 393,658 283,273 23 GUARDIAN EXPRESS INS. CO. LTD. 215,236 23 CRUSADER INSURANCE (NIG.) PLC 187,439
23 NEM INSURANCE CO.PLC.
18 EQUITY ASSURANCE PLC 663,966 18 THE UNIVERSAL INS. CO.LTD. 352,787 24
261,842 24 AIICO INSURANCE PLC 210,010 24 N.E.M. INSURANCE PLC 173,157
PLC
MUTUAL BENEFIT ASSURANCE254,796 25 N.E.M. INSURANCE PLC 204,501 25 UNION ASSURANCE CO. LTD. 164,318
19 CRUSADER INSURANCE (NIG.) PLC. 585,058 19 UNIC INSURANCE PLC 334,929 25 UNION ASSURANCE CO. LTD. 236,768 26 OASIS INSURANCE CO. LTD. 197,982 26 INTER-CONTINENTAL ASS. CO. LTD. 162,252
26 AIICO INSURANCE PLC.
20 MUTUAL BENEFITS ASSURANCE PLC562,888 20 ZENITH GENERAL INS. CO.LTD.333,110 27 223,719 27 ELMAC ASSURANCE (NIG.) LTD. 196,943 27 CUSTODIAN & ALLIED INS. CO. LTD. 160,999
LTD
INTER CONTINENTAL ASS. CO. 221,362 28 CENTRAL INSURANCE CO. LTD. 196,233 28 ELMAC ASSURANCE (NIG.) LTD. 157,452
21 UNION ASSURANCE CO. LTD. 552,551 21 GUARANTY TRUST ASS. CO.LTD. 318,256 28 REGENCY INSURANCE COMPANY 216,595
LTD. 29 LAW UNION & ROCK INS. (NIG.) PLC 190,155 29 KAPITAL INSURANCE CO. LTD. 149,589
22 GUARANTY TRUST ASSURANCE PLC 531,979 22 LINKAGE ASSURANCE CO.LTD.312,130 29 LTD.
ROYAL TRUST ASSURANCE CO.202,605 30 KAPITAL INSURANCE CO. LTD. 179,210 30 GUINEA INSURANCE PLC 137,898
30 NFI INSURANCE CO.LTD.
23 OCEANIC INSURANCE CO. LIMITED 509,439 23 UNION ASSURANCE CO. LTD. 306,542 31 202,542 31 ROYAL TRUST ASS. CO. LTD. 171,693 31 NFI INSURANCE COMPANY LTD. 136,667
GUARDIAN EXPRESS INS. CO. LTD.
201,164 32 GUINEA INSURANCE PLC 156,476 32 CENTRAL INSURANCE CO. LTD. 134,902
24 LASACO ASSURANCE PLC 448,222 24 MUTUAL BENEFITS ASSURANCE 300,872
PLC 32 KAPITAL INSURANCE CO.LTD. 185,045 33 HALLMARK ASSURANCE PLC 153,515 33 PRESTIGE ASSURANCE PLC 124,204
25 INTERNATIONAL ENERGY INS. PLC 447,713 25 281,312 33
REGENCY ALLIANCE INS. CO. LTD. ADMIRAL INSURANCE CO. LTD.181,706 34 PRESTIGE ASSURANCE PLC 148,312 34 LASACO ASSURANCE PLC 124,041
34 PRESTIGE ASSURANCE .CO.PLC.
26 AIICO INSURANCE PLC. 430,515 26 INTERNATIONAL ENERGY INS.CO.LTD.
239,818 35 177,271 35 GREAT NIGERIA INSURANCE PLC. 147,611 35 AFRICAN DEV. INS. CO. LTD. 121,941
ACEN INSURANCE CO.LTD. 175,928 36 ACEN INSURANCE CO. LTD. 140,397 36 FIRST CHARTERED INS. CO. LTD. 120,978
27 REGENCY ALLIANCE INSURANCE PLC411,319 27 CONSOLIDATED HALLMARK INS. 226,348
LTD. 36 GUINEA INSURANCE PLC. 174,752 37 INTER-CONTINENTAL ASS. CO. LTD. 137,320 37 OASIS INSURANCE CO. LTD. 120,219
28 INSURANCE PHB LIMITED 383,315 28 GUINEA INSURANCE PLC. 220,777 37 GUARANTY TRUST ASS. CO.LTD. 173,359 38 NIGERIAN ALLIANCE ASS. CORP. LTD 136,120 38 REGENCY INSURANCE CO. LTD. 118,624
38 CONSOLIDATED RISK INSURERS CO. LTD.
162,427 39 NFI INSURANCE COMPANY LTD. 132,285 39 ACEN INSURANCE CO. LTD. 113,055
29 ADIC INSURANCE LIMITED 346,225 29 LASACO ASSURANCE PLC 215,562 39
ELMAC ASSURANCE (NIG) LTD. 154,442 40 HEIRS ALLIANCE INS. CO. LTD. 131,398 40 ROYAL TRUST ASS. CO. LTD. 107,627
30 UNITYKAPITAL ASSURANCE PLC 331,925 30 INSURANCE PHB. 203,689 40 GREAT NIGERIA INSURANCE CO.LTD.
153,336 41 104,969
LASACO ASSURANCE PLC 128,320 41 PHOENIX OF NIGERIA ASS. PLC
31 STERLING ASSURANCE NIGERIA LIMITED305,211 31 AIICO INSURANCE PLC. 199,608 41 CO.LTD. 42
ZENITH GENERAL INSURANCE 144,859 UNITED TRUST ASS. CO. LTD. 123,153 42 HALLMARK ASSURANCE PLC 101,470
42 INTERNATIONAL ENERGY INS. CO.LTD.
141,530 43 ATLANTIC INSURANCE CO. LTD. 117,996 43 UNITED TRUST ASS. CO. LTD. 89,120
32 FIN INSURANCE CO. LIMITED 293,167 32 PRESTIGE ASSURANCE .CO.PLC. 190,163 43
OASIS INSURANCE COMPANY LTD.139,377 44 AFRICAN DEV. INS. CO. LTD. 112,337 44 PERPETUAL ASSURANCE CO. LTD. 86,098
33 ANCHOR INSURANCE CO.LIMITED 293,031 33 GUARDIAN EXPRESS INS. CO. 187,304
LTD. 44 LASACO ASSURANCE PLC REGENCY INSURANCE CO. LTD. 108,387 45 TRUST & GUARANTEE INS. CO. LTD. 74,588
128,663 45
34 PRESTIGE ASSURANCE .PLC. 238,252 34 CRUSADER INSURANCE CO.PLC. 151,385 45 ATLANTIC INSURANCE CO.LTD.127,059 46 INTL. ENERGY INS. CO. LTD. 98,390 46 ATLANTIC INSURANCE CO. LTD. 72,988
46 FIRST CHARTERED INS. CO.LTD. TRUST & GUARANTEE INS. CO. LTD. 98,273 47 DESTINY INSURANCE CO. LTD. 70,001
35 THE UNIVERSAL INSURANCE PLC 211,510 35 STERLING ASSURANCE NIG. LTD 149,204 47 113,557 47
TRUST & GUARANTEE INS. CO.LTD.
111,165 48 PHOENIX OF NIGERIA ASS. PLC 78,978 48 GUARDIAN EXPRESS INS. CO. LTD. 65,532
36 GNI INSURANCE PLC 175,329 36 KAPITAL INSURANCE CO.LTD. 142,807 48 PHOENIX OF NIGERIA ASSURANCE PLC 49 TRANS-NIGERIA ASS. CO. LTD. 74,332 49 YANKARI INSURANCE CO. LTD. 63,398
109,113
37 OASIS INSURANCE PLC 109,228 37 ADIC INSURANCE CO.LTD. 117,540 49 LTD.
GLOBAL COM. & GEN. INS. CO. 104,412 50 ADMIRAL INSURANCE CO. LTD. 72,632 50 CONFIDENCE INSURANCE CO. LTD. 54,197
50 CONSOLIDATED RISK INS. CO. LTD. 68,693 51 REFUGE INS. CO. LTD. 53,578
38 A & G INSURANCE CO. LTD. 80,385 38 OASIS INSURANCE COMPANY 100,894
LTD. PRESIDENTIAL INS. COMPANY LTD.
84,568 51
51 GLOBAL COM. & GEN. ASS. CO. LTD. 66,678 52 MUTUAL ASSURANCE CO. LTD. 51,000
PERPETUAL ASSURANCE CO. LTD. 81,308 52
39 GUINEA INSURANCE PLC. 74,219 39 GNI INSURANCE CO.LTD. 100,844 52 UNITED TRUST ASSURANCE CO.LTD. A & G INSURANCE CO. LTD. 65,945 53 SUN INSURANCE CO. LTD. 49,884
75,146 53
40 INVESTMENT & ALLIED ASSURANCE PLC 62,597 40 YANKARI INSURANCE CO.LTD. 69,253 53 TRANS-NIGERIA ASSURANCE CO.LTD.
74,784 54 WORLD-WIDE INSURANCE CO. LTD. 65,172 54 ADMIRAL INSURANCE CO. LTD. 46,730
54 FIRST CHARTERED INS. CO. LTD. 64,338 55 TRUST WORLD INS. CO. LTD. 44,700
41 UNIC INSURANCE PLC 56,921 41 NIGERIAN AGRICULTURAL INS. CO.LTD.
42,048 55 TRUST WORLD INSURANCE CO.67,395LTD. 55
SIGNAL ASSURANCE CO. LTD. 57,966 56 PERPETUAL ASSURANCE CO. LTD. 64,328 56 WORLD-WIDE INSURANCE CO. LTD. 43,832
42 NIGERIAN AGRICULTURAL INS. CORP. 48,275 42 INVESTMENT & ALLIED ASS. CO.37,542
LTD. 56 YANKARI INSURANCE CO. LTD. 63,398 57 POSTAL LIFE & GEN. INS. CO. LTD. 43,081
NEW LINE INSURANCE CO.LTD. 56,642 57
43 NICON INSURANCE PLC n.a 43 A & G INSURANCE CO. LTD. N/A 57 YANKARI INSURANCE CO.LTD. 55,451 58 REFUGE INS. CO. LTD. 55,759 58 SIGNAL ASSURANCE CO. LTD. 42,388
58 GUARANTY TRUST ASS. CO. LTD 54,631 59 INVESTMENT & ALLIED ASS. CO. LTD 39,798
19
44 OCEANIC INSURANCE CO. LIMITEDN/A 59 ANCHOR INSURANCE CO.LTD. 55,265 59
LTD. 60
NIGERIAN ALLIANCE ASS. CORP.54,762 SIGNAL ASSURANCE CO. LTD. 48,767 60 NASAL INSURANCE CO. LTD. 39,048
60
STERLING ASSURANCE NIG. LIMITED
50,540
FIRE INSURANCE PREMIUM INCOME FOR 2007
REINS PREMIUM
DIRECT ACCEPTED GROSS PREMIUM REINS. CEDED CEDED FOR OWN
BUSINESS LOCALLY ABROAD PREMIUM LOCALLY ABROAD ACCOUNT
1 A & G INSURANCE CO. LIMITED 55,648 - - 55,648 2,425 1,490 51,733

4 ANCHOR INSURANCE CO. LIMITED 41,650 - - 41,650 909 - 40,741
5 114,663
6 CORNERSTONE INSURANCE PLC 185,778 2,634 - 188,412 104,721 - 83,691
7 CRUSADER INSURANCE (NIG.) PLC. 262,089 1,260 - 263,349 23,418 - 239,931
8 561,216
CUSTODIAN & ALLIED INSURANCE PLC. 691 - 561,907 248,110 - 313,797
9 EQUITY ASSURANCE PLC. 180,827 777 - 181,604 38,239 44,363 99,002
11 GOLDLINK INSURANCE PLC. 287,362 6,709 - 294,071 28,246 - 265,825
234,402
12 GUARANTY TRUST ASSURANCE PLC. (384) - 234,018 135,886 - 98,132
215,268
14 INDUSTRIAL AND GENERAL INSURANCE PLC - - 215,268 53,817 - 161,451
15 INSURANCE PHB LIMITED 79,280 1,815 - 81,095 13,264 - 67,831
PLC. 1,415
371,247
16 INTERCONTINENTAL WAPIC INSURANCE - 372,662 97,828 - 274,834
PLC. 60,373
253,900
17 INTERNATIONAL ENERGY INSURANCE - 314,273 32,815 - 281,458
63,909
18 INVESTMENT AND ALLIED ASSURANCE PLC. - - 63,909 12,386 - 51,523
19 LASACO ASSURANCE PLC 93,386 285 - 93,671 42,863 - 50,808
595,051
20 LAW UNION & ROCK INSURANCE (NIG.) PLC - - 595,051 147,366 - 447,685
1,046,268
21 LEADWAY ASSURANCE CO. LIMITED 70 - 1,046,338 212,283 - 834,055
249,290
23 MUTUAL BENEFITS ASSURANCE PLC. - - 249,290 21 - 249,269
24 N.E.M. INSURANCE PLC. 280,657 - - 280,657 12,491 - 268,166
25 NICON INSURANCE PLC n.a n.a n.a n.a n.a n.a n.a
21,426
27 NIGERIAN AGRICULTURAL INS. CORPORATION - - 21,426 275 - 21,151
30 PRESTIGE ASSURANCE PLC. 865,192 55,609 - 920,801 367,965 85,065 467,771
600,380
32 ROYAL EXCHANGE ASSURANCE NIGERIA PLC. - - 600,380 163,779 98,267 338,334
33 SOVEREIGN TRUST INSURANCE PLC201,117 2,566 - 203,683 52,478 - 151,205
106,380
34 STANDARD ALLIANCE INSURANCE PLC 14,776 - 121,156 13,613 - 107,543
35 STACO INSURANCE PLC 335,555 566 - 336,121 80,585 - 255,536
36 STERLING ASSURANCE PLC. 149,582 60,228 - 209,810 4,405 - 205,405
37 THE UNIVERSAL INSURANCE PLC 55,008 - - 55,008 4,116 - 50,892
39 UNION ASSURANCE CO. LIMITED 364,249 159 - 364,408 123,619 - 240,789
40 UNITRUST INSURANCE CO. LIMITED391,266 - - 391,266 124,136 135,425 131,705
42 FIN INSURANCE CO LIMITED 24,729 - - 24,729 3,734 - 20,995
310,293
43 ZENITH GENERAL INSURANCE CO. LIMITED - - 310,293 40,351 - 269,942
TOTAL 10,160,143 222,812 - 10,382,955 2,556,778 364,610 7,461,567

FROM THEIR DIRECT FIRE INSURANCE BUSINESS (2003-2007)
2007 2006 2005 2004 2003
Rank ‘000 Rank Company ‘000 Rank Company ‘000 Rank Company ‘000 Rank Company ‘000
1 NICON INSURANCE CORPORATION 1 NICON INSURANCE CORPORATION 1,201,106 1 NICON INSURANCE CORPORATION 916,133
1 LEADWAY ASSURANCE CO.LTD. 1,046,268 1 NICON INSURANCE PLC 1,425,272 2 LEADWAY ASSURANCE CO.LTD. 2,073,540 2 LEADWAY ASSURANCE CO. LTD. 580,449 2 LEADWAY ASSURANCE CO. LTD. 433,906
2 PRESTIGE ASSURANCE .CO.PLC. 865,192 2 LEADWAY ASSURANCE CO.LTD. 812,645 3 ROYAL EXCHANGE ASS. NIG. PLC. 3 ROYAL EXCHANGE ASS. (NIG.) PLC 394,980 3 ROYAL EXCHANGE ASS. (NIG.) PLC 420,419
4 PRESTIGE ASSURANCE .CO.PLC. 684,110 4 PRESTIGE ASSURANCE PLC 347,655 4 PRESTIGE ASSURANCE PLC 295,673
3 600,380
ROYAL EXCHANGE ASSURANCE (NIG.) PLC. 3 631,101
ROYAL EXCHANGE ASS. NIG. PLC. 5 247,960
5 LAW UNION & ROCK INS. (NIG.) PLC UNITRUST INSURANCE CO. LTD. 223,112 5 LAW UNION & ROCK INS. (NIG.) PLC
4 595,051
LAW UNION & ROCK INSURANCE (NIG.) PLC 4 PRESTIGE ASSURANCE .CO.PLC. 610,211 6 UNITRUST INSURANCE CO.LTD. 520,693 6 LINKAGE ASSURANCE CO. LTD 220,386 6 THE LION OF AFRICA INS. CO. LTD 211,676
5 CUSTODIAN & ALLIED INSURANCE 561,216
PLC 5 STERLING ASSURANCE NIG. LTD465,443 7 CENTRAL INSURANCE COMPANY 7 UNION ASSURANCE CO. LTD. 205,650 7 UNITRUST INSURANCE CO. LTD. 196,782
8 LTD. 492,583 8 LAW UNION & ROCK INS. (NIG.) PLC 204,300 8 INDUSTRIAL & GEN. INS. CO. LTD 170,774
6 391,266 6
UNITRUST INSURANCE CO. LIMITED INTERCONTINENTAL WAPIC INS.353,348
PLC. 9 THE LION OF AFRICA INS. CO. LTD 196,221 9 UNION ASSURANCE CO. LTD. 158,824
9 CORNERSTONE INSURANCE PLC
7 371,247 7
INTERCONTINENTAL WAPIC INS. PLC. LAW UNION & ROCK INS. (NIG.)351,033
PLC 10 UNION ASSURANCE CO. LTD. 285,620 10 GUARDIAN TRUST INS. CO. LTD. 190,454 10 UNIC INSURANCE PLC 153,041
8 UNION ASSURANCE CO. LIMITED 364,249 8 UNITRUST INSURANCE CO.LTD. 324,718 11 GOLDLINK INSURANCE CO.LTD. 11 CORNERSTONE INS. PLC 185,935 11 CORNERSTONE INS. PLC 139,541
12 THE LION OF AFRICA INS. CO.LTD.
274,964 12 AIICO INSURANCE PLC 182,167 12 AIICO INSURANCE PLC 133,803
9 NIGER INSURANCE PLC. 357,513 9 318,297
INDUSTRIAL & GENERAL INS. CO. LTD. 13 INDUSTRIAL & GEN. INS. CO. LTD 169,340 13 LINKAGE ASSURANCE CO. LTD 125,197
13 WAPIC INSURANCE PLC.
10 STACO INSURANCE PLC 335,555 10 ANCHOR INSURANCE CO.LTD.315,990 14 AIICO INSURANCE PLC. 257,059 14 NIGER INSURANCE PLC 167,136 14 GREAT NIGERIA INSURANCE PLC. 115,350
15 NIGER INSURANCE PLC. 15 UNIC INSURANCE PLC 165,323 15 NIGER INSURANCE PLC 113,628

11 AIICO INSURANCE PLC. 332,282 11 UNION ASSURANCE CO. LTD. 290,448 16 WAPIC INSURANCE PLC 129,255 16 WAPIC INSURANCE PLC 98,422
16 NFI INSURANCE CO.LTD. 244,537
12 ZENITH GENERAL INSURANCE CO.310,293
LIMITED 12 GOLDLINK INSURANCE CO.LTD. 258,733 17 NFI INSURANCE COMPANY LTD. 120,902 17 EQUITY INDEMNITY INS. CO. LTD. 97,505
17 UNIC INSURANCE PLC
13 GOLDLINK INSURANCE PLC 287,362 13 CUSTODIAN & ALLIED INS. CO.236,665
LTD 18 GREAT NIGERIA INSURANCE PLC. 100,154 18 NFI INSURANCE COMPANY LTD. 88,056
18 218,712
INDUSTRIAL & GENERAL INS. CO.
19 EQUITY INDEMNITY INS. CO. LTD. 98,875 19 CUSTODIAN & ALLIED INS. CO. LTD. 82,580
14 N.E.M. INSURANCE .PLC. 280,657 14 NIGER INSURANCE PLC. 220,515 19 LTD.
20 GUINEA INSURANCE PLC 91,592 20 MUTUAL BENEFITS ASS. PLC 78,271
20 EQUITY INDEMNITY INS. CO. LTD.
210,647 76,681
15 262,089 15
CRUSADER INSURANCE (NIG.) .PLC. GUINEA INSURANCE PLC. 213,579 21 CRUSADER INSURANCE (NIG.) PLC 91,056 21 SOVEREIGN TRUST INS. CO. LTD.
21 GREAT NIGERIA INSURANCE CO.LTD. 22 CUSTODIAN & ALLIED INS. CO. LTD. 86,218 22 GUINEA INSURANCE PLC 74,896
16 INTERNATIONAL ENERGY INS. PLC253,900 16 CRUSADER INSURANCE CO.PLC. 206,468 22 GUINEA INSURANCE PLC. 209,548 23 STANDARD TRUST ASS. PLC 84,102 23 GUARDIAN TRUST INS. CO. LTD. 72,420
17 MUTUAL BENEFITS ASSURANCE PLC249,290 17 AIICO INSURANCE PLC. 203,292 23 SOVEREIGN TRUST INSURANCE PLC 24 SOVEREIGN TRUST INS. CO. LTD. 80,381 24 STANDARD TRUST ASS. PLC 68,021
24 REGENCY INSURANCE COMPANY 182,521 25 N.E.M. INSURANCE PLC 76,125 25 CENTRAL INSURANCE CO. LTD. 62,979
18 LINKAGE ASSURANCE PLC 237,204 18 STANDARD TRUST ASSURANCE 201,785
PLC 25 LTD. 26 VIGILANT INSURANCE CO. LTD. 73,772 26 GOLDLINK INS. CO. LTD 62,580
19 GUARANTY TRUST ASSURANCE PLC 234,402 19 EQUITY ASSURANCE CO. LTD.178,993 26 STANDARD TRUST ASSURANCE PLC
182,135 27 PHOENIX OF NIGERIA ASS. PLC 73,499 27 LASACO ASSURANCE PLC 62,254
20 215,268
INDUSTRIAL AND GENERAL INSURANCE PLC20 UNIC INSURANCE PLC 177,297 27 CUSTODIAN & ALLIED INS. CO. 28 FIRE EQUITY & GEN. INS. CO. LTD. 64,822 28 PHOENIX OF NIGERIA ASS. PLC 59,948
28 LIMITED 178,708 29 GOLDLINK INS. CO. LTD 64,568 29 INTER-CONTINENTAL ASS. CO. LTD. 55,145
21 SOVEREIGN TRUST INSURANCE PLC201,117 21 CORNERSTONE INSURANCE PLC 169,208 29 PHOENIX OF NIGERIA ASSURANCE 30 LASACO ASSURANCE PLC 64,231 30 STANDARD ALLIANCE INS. CO. LTD. 53,534
22 CORNERSTONE INSURANCE PLC 185,778 22 MUTUAL BENEFITS ASSURANCE 157,290
PLC 30 PLC 173,113 31 CENTRAL INSURANCE CO. LTD. 63,655 31 N.E.M. INSURANCE PLC 52,950
23 EQUITY ASSURANCE PLC 180,827 23 ZENITH GENERAL INS. CO.LTD.156,957 31 STANDARD ALLIANCE INS. CO. LTD. 32 ADMIRAL INSURANCE CO. LTD. 57,180 32 AFRICAN DEV. INS. CO. LTD. 51,831
32 CRUSADER INSURANCE CO.PLC. 172,261 33 STANDARD ALLIANCE INS. CO. LTD. 56,371 33 YANKARI INSURANCE CO. LTD. 48,914
24 ADIC INSURANCE LIMITED 165,747 24 GUARANTY TRUST ASS. CO.LTD.156,660 33 NEM INSURANCE CO.PLC. 34 AFRICAN DEV. INS. CO. LTD. 53,880 34 FIRE EQUITY & GEN. INS. CO. LTD. 48,439
25 149,582 25
STERLING ASSURANCE NIGERIA LIMITED 130,148
THE UNIVERSAL INSURANCE CO.LTD. 34 VIGILANT INSURANCE CO.LTD.155,253 35 ATLANTIC INSURANCE CO. LTD. 52,939 35 CRUSADER INSURANCE (NIG.) PLC 48,204
35 YANKARI INSURANCE CO.LTD. 36 YANKARI INSURANCE CO. LTD. 48,914 36 ELMAC ASSURANCE (NIG.) LTD. 47,361
26 OCEANIC INSURANCE CO. LIMITED147,840 26 121,653
SOVEREIGN TRUST INS. CO. LTD.
36 GUARANTY TRUST ASS. CO.LTD. 153,237 37 ELMAC ASSURANCE (NIG.) LTD. 47,035 37 VIGILANT INSURANCE CO. LTD. 45,743
27 114,663
CONSOLIDATED HALLMARK INSURANCE PLC27 STANDARD ALLIANCE INS. PLC109,939 37 UBA INSURANCE CO. LTD 38 TRUST & GUARANTEE INS. CO. LTD. 42,887 38 KAPITAL INSURANCE CO. LTD. 34,380
28 STANDARD ALLIANCE INSURANCE 106,380
PLC 28 N.E.M. INSURANCE CO.PLC. 108,874 38 LTD.
OASIS INSURANCE COMPANY 124,093 39 NEW LINE INS. CO. LTD. 42,829 39 NIGERIAN AGRIC. INS. CO. LTD. 34,318
39 TRUST & GUARANTEE INS. CO.LTD. 40 ACEN INSURANCE CO. LTD. 42,735 40 OASIS INSURANCE CO. LTD. 33,779
29 GNI INSURANCE PLC 96,374 29 84,280
REGENCY ALLIANCE INS. CO. LTD. 40 LINKAGE ASSURANCE CO.LTD.119,977 41 ROYAL TRUST ASS. CO. LTD. 40,521 41 TRUST & GUARANTEE INS. CO. LTD. 33,091
30 REGENCY ALLIANCE INSURANCE PLC 94,274 30 GNI INSURANCE CO.LTD. 81,318 41 HALLMARK ASSURANCE PLC 42 CONSOLIDATED RISK INS. CO. LTD. 40,049 42 NEW LINE INS. CO. LTD. 30,900
31 LASACO ASSURANCE PLC 93,386 31 80,804
INTERNATIONAL ENERGY INS. CO.LTD. 42 LASACO ASSURANCE PLC 113,041 43 HALLMARK ASSURANCE PLC 38,573 43 REFUGE INS. CO. LTD. 29,377
43 ACEN INSURANCE CO.LTD. 44 DESTINY INSURANCE CO. LTD. 38,258 44 ACEN INSURANCE CO. LTD. 28,639
32 INSURANCE PHB LIMITED 79,280 32 LASACO ASSURANCE PLC 77,496 44 CO.
INTERNATIONAL ENERGY INS.107,179 45 MUTUAL BENEFITS ASS. PLC 35,619 45 ROYAL TRUST ASS. CO. LTD. 28,623
33 UNITYKAPITAL ASSURANCE PLC 65,107 33 LINKAGE ASSURANCE CO.LTD. 73,260 45 LTD. 46 GUARDIAN EXPRESS INS. CO. LTD. 35,563 46 ATLANTIC INSURANCE CO. LTD. 28,406
34 INVESTMENT & ALLIED ASSURANCE63,909
PLC 34 INSURANCE PHB. 73,044 46 A & G INSURANCE CO. LTD. 101,616 47 KAPITAL INSURANCE CO. LTD. 34,697 47 CONFIDENCE INSURANCE CO. LTD. 22,966
47 ZENITH GENERAL INSURANCE 48 HEIRS ALLIANCE INS. CO. LTD. 30,268 48 PERPETUAL ASSURANCE CO. LTD. 21,365
35 A & G INSURANCE CO. LIMITED 55,648 35 KAPITAL INSURANCE CO.LTD. 55,222 48 CO.LTD. 97,174 49 INTL. ENERGY INS. CO. LTD. 28,817 49 NASAL INSURANCE CO. LTD. 19,232
36 THE UNIVERSAL INSURANCE .PLC 55,008 36 ADIC INSURANCE CO.LTD. 49,922 49 INTER CONTINENTAL ASS. CO. LTD 50 PERPETUAL ASSURANCE CO. LTD. 26,995 50 UNITED TRUST ASS. CO. LTD. 18,089
50 FIRST CHARTERED INSURANCE94,089 51 OASIS INSURANCE CO. LTD. 26,602 51 REGENCY INSURANCE CO. LTD. 16,990
37 ANCHOR INSURANCE CO.LIMITED 41,650 37 OASIS INSURANCE COMPANY LTD. 38,578
51 CO.LTD. 52 REFUGE INS. CO. LTD. 26,082 52 SUMMIT INS. CO. LTD. 16,204
38 GUINEA INSURANCE PLC. 28,467 38 NIGERIAN AGRICULTURAL INS. 31,424
CO.LTD. 52 LTD.
ROYAL TRUST ASSURANCE CO.88,782 53 SUMMIT INS. CO. LTD. 25,851 53 AFRICAN PRUDENTIAL INS. CO. LTD. 14,929
39 OASIS INSURANCE PLC 26,573 39 CONSOLIDATED HALLMARK INS. 27,378
LTD. 53 ELMAC ASSURANCE (NIG) LTD. 54 INTER-CONTINENTAL ASS. CO. LTD. 23,700 54 HALLMARK ASSURANCE PLC 14,328
54 ATLANTIC INSURANCE CO.LTD. 86,325 55 REGENCY INSURANCE CO. LTD. 23,629 55 CORAL INTERNATIONAL INS. CO LTD 13,554
40 FIN INSURANCE CO. LIMITED 24,729 40 26,038
GUARDIAN EXPRESS INS. CO. LTD. 56 FIRST CHARTERED INS. CO. LTD. 21,488 56 FIRST CHARTERED INS. CO. LTD. 13,036
55 CONSOLIDATED RISK INSURERS
41 NIGERIAN AGRICULTURAL INS. COR.21,426 41 YANKARI INSURANCE CO.LTD. 23,639 56 LTD. 81,861 57 ANCHOR INSURANCE CO. LTD. 20,999 57 POSTAL LIFE & GEN. INS. CO. LTD. 12,729
21
42 UNIC INSURANCE PLC 11,694 42 INVESTMENT & ALLIED ASS. CO. 4,263
LTD. 57 KAPITAL INSURANCE CO.LTD. 58 UNITED TRUST ASS. CO. LTD. 20,402 58 WORLD-WIDE INSURANCE CO. LTD. 12,553
58 ADMIRAL INSURANCE CO. LTD. 81,151 59 NIGERIAN ALLIANCE ASS. CORP. LTD 19,394 59 TRANS-NIGERIA ASS. CO. LTD. 12,404
43 NICON INSURANCE PLC n.a 43 A & G INSURANCE CO. LTD. N/A 59 NEW LINE INSURANCE CO.LTD. 60 THE UNIVERSAL INS. CO. LTD. 19,365 60 ADMIRAL INSURANCE CO. LTD. 12,227
44 OCEANIC INSURANCE CO. LIMITEDN/A
OCEANIC
ADVERT
GENERAL ACCIDENT INSURANCE PREMIUM INCOME FOR 2007
REINS GROSS PREMIUM

DIRECT ACCEPTED PREMIUMREINS. CEDEDCEDED FOR OWN
BUSINESSLOCALLYABROAD PREMIUM LOCALLY ABROAD ACCOUNT
1 A & G INSURANCE CO. LIMITED 476,337 - - 476,337 1,402 - 474,935
4 ANCHOR INSURANCE CO.LTD. 115,563 - - 115,563 1,286 - 114,277
5 479,878
7 CRUSADER INSURANCE (NIG.) PLC. 204,664 - - 204,664 71,868 - 132,796
8 293,942
9 EQUITY ASSURANCE PLC. 481,810 813 - 482,623 66,399 23,831 392,393
12 265,553
GUARANTY TRUST ASSURANCE PLC. 1,493 - 267,046 13,953 - 253,093
14 485,516
INDUSTRIAL AND GENERAL INSURANCE PLC - - 485,516 72,828 - 412,688
15 INSURANCE PHB LIMITED 307,950 - - 307,950 19,746 - 288,204
16 842,085
INTERCONTINENTAL WAPIC INSURANCE PLC. 7,010 - 849,095 93,710 - 755,385
17 669,672
INTERNATIONAL ENERGY INSURANCE PLC. 71,303 - 740,975 64,542 - 676,433
18 78,115
INVESTMENT & ALLIED ASSURANCE PLC. 6,395 - 84,510 12,134 - 72,376
19 LASACO ASSURANCE PLC 797,833 33,674 - 831,507 275,116 - 556,391
20 128,634
LAW UNION & ROCK INSURANCE (NIG.) PLC - - 128,634 31,857 - 96,777
21 1,333,783
LEADWAY ASSURANCE CO. LIMITED 15 - 1,333,798 32,347 - 1,301,451
23 620,370
MUTUAL BENEFITS ASSURANCE PLC. - - 620,370 115,660 - 504,710
27 16,073
NIGERIAN AGRICULTURAL INS. CORPORATION - - 16,073 2,072 - 14,001
30 PRESTIGE ASSURANCE PLC. 446,265 48,801 - 495,066 402,045 - 93,021
31 245,008
REGENCY ALLIANCE INSURANCE PLC - - 245,008 39,065 - 205,943
32 159,220
ROYAL EXCHANGE ASSURANCE NIGERIA PLC. - - 159,220 3,821 - 155,399
33 SOVEREIGN TRUST INSURANCE PLC602,991 4 - 602,995 106,852 - 496,143
34 375,023
STANDARD ALLIANCE INSURANCE PLC 67,969 - 442,992 38,055 - 404,937
35 STACO INSURANCE PLC 647,888 - - 647,888 68,120 - 579,768
36 STERLING ASSURANCE PLC. 335,034 65,713 - 400,747 17,113 - 383,634
37 THE UNIVERSAL INSURANCE PLC 135,892 - - 135,892 11,985 - 123,907
39 UNION ASSURANCE CO. LIMITED 361,244 2,135 - 363,379 119,861 - 243,518
40 UNITRUST INSURANCE CO. LIMITED275,134 - - 275,134 76,862 - 198,272
42 FIN INSURANCE CO. LIMITED 59,590 - - 59,590 5,113 - 54,477
43 695,651
ZENITH GENERAL INSURANCE CO. LIMITED - - 695,651 232,202 - 463,449
TOTAL 15,838,753 352,439 - 16,191,192 2,615,850 23,831 13,551,511

FROM THEIR DIRECT GENERAL ACCIDENT INSURANCE BUSINESS (2003-2007)
2007 2006 2005 2004 2003
1 1,333,783
LEADWAY ASSURANCE CO. LIMITED 1 LASACO ASSURANCE PLC 1,039,170 1 LASACO ASSURANCE PLC 617,536 1 LEADWAY ASSURANCE CO. LTD. 485,291 1 LEADWAY ASSURANCE CO. LTD. 387,493
2 EQUITY INDEMNITY INSURANCE CO. 598,415
LTD. 2 CORNERSTONE INS. PLC 450,728 2 NICON INSURANCE CORPORATION 345,526
2 INTERCONTINENTAL WAPIC INS.842,085
PLC. 2 LEADWAY ASSURANCE CO.LTD. 856,815 3 MUTUAL BENEFITS ASS. PLC 446,392 3 CORNERSTONE INS. PLC 341,816
3 LEADWAY ASSURANCE CO.LTD. 563,287
3 LASACO ASSURANCE PLC 797,833 3 INTERNATIONAL ENERGY 760,546 4 GOLDLINK INSURANCE CO.LTD. 462,685 4 EQUITY INDEMNITY INS. CO. LTD. 404,107 4 GOLDLINK INS. CO. LTD. 336,892
5 CORNERSTONE INSURANCE PLC 441,231 5 GOLDLINK INS. CO. LTD 365,451 5 AIICO INSURANCE PLC 253,715
4 GOLDLINK INSURANCE PLC 742,274 4 INSURANCE CO.LTD. 668,323
6 MUTUAL BENEFITS ASSURANCE PLC 394,335 6 LASACO ASSURANCE PLC 336,355 6 EQUITY INDEMNITY INS. CO. LTD. 238,735
5 N.E.M. INSURANCE PLC. 721,015 5 GOLDLINK INSURANCE CO.LTD. 654,871 7 NICON INSURANCE CORPORATION 317,585 7 GUARDIAN TRUST INS. CO. LTD. 226,838
7 371,961
INDUSTRIAL & GENERAL INS. CO. LTD.
6 STERLING ASSURANCE NIGERIA 642,055 8 A & G INSURANCE CO. LTD. 342,107 8 AIICO INSURANCE PLC 293,198 8 MUTUAL BENEFITS ASS. PLC 222,818
6 695,651
ZENITH GENERAL INS. CO. LIMITED 9 LINKAGE ASSURANCE CO. LTD 259,794 9 INDUSTRIAL & GEN. INS. CO. LTD 209,185
7 616,660 9 VIGILANT INSURANCE CO.LTD. 338,682
7 INTERNATIONAL ENERGY INS. PLC669,672 LIMITED 10 VIGILANT INSURANCE CO. LTD. 251,763 10 LINKAGE ASSURANCE CO. LTD 208,546
10 AIICO INSURANCE PLC. 331,853
8 INTERCONTINENTAL WAPIC 571,372 11 THE LION OF AFRICA INS. CO. LTD 244,055 11 CENTRAL INSURANCE CO. LTD. 187,083
8 STACO INSURANCE PLC 647,888 11 LINKAGE ASSURANCE CO.LTD. 279,776
395,189 12 STANDARD ALLIANCE INSURANCE CO. 277,593
LTD. 12 INDUSTRIAL & GEN. INS. CO. LTD 224,134 12 PHOENIX OF NIGERIA ASS. PLC 185,705
9 MUTUAL BENEFITS ASSURANCE620,370
PLC 9 INSURANCE PLC. 13 STANDARD ALLIANCE INS. CO. LTD. 204,690 13 THE LION OF AFRICA INS. CO. LTD 183,778
386,906 13 SOVEREIGN TRUST INSURANCE PLC 263,916
10 SOVEREIGN TRUST INSURANCE602,991
PLC 10 CORNERSTONE INSURANCE PLC 14 SOVEREIGN TRUST INS. CO. LTD. 197,256 14 SOVEREIGN TRUST INS. CO. LTD. 147,246
14 NICON INSURANCE CORPORATION259,684
15 A & G INSURANCE CO. LTD. 183,995 15 VIGILANT INSURANCE CO. LTD. 145,850

11 CORNERSTONE INSURANCE PLC 582,090 11 MUTUAL BENEFITS ASSURANCE PLC 381,943 15 241,550
THE LION OF AFRICA INSURANCE CO.LTD.
326,160 16 16 WAPIC INSURANCE PLC 179,131 16 LASACO ASSURANCE PLC 140,789
12 EQUITY ASSURANCE CO. LTD. WAPIC INSURANCE PLC. 203,485
12 LINKAGE ASSURANCE PLC 536,853 17 CENTRAL INSURANCE CO. LTD. 171,303 17 PRESTIGE ASSURANCE PLC 124,093
290,812 17 UBA INSURANCE CO. LTD 199,279
13 SOVEREIGN TRUST INSURANCE CO. 18 UNITRUST INSURANCE CO. LTD. 167,401 18 WAPIC INSURANCE PLC 121,108
13 INDUSTRIAL AND GENERAL INS.485,516
PLC 18 PRESTIGE ASSURANCE .CO.PLC. 188,337 164,078 117,998
14 289,507 19 PRESTIGE ASSURANCE PLC 19 UNITRUST INSURANCE CO. LTD.
14 EQUITY ASSURANCE PLC 481,810 LTD. 19 UNITRUST INSURANCE CO.LTD. 184,050 20 STANDARD TRUST ASS. PLC 162,315 20 STANDARD ALLIANCE INS. CO. LTD. 114,502
15 275,281 20 UNION ASSURANCE CO. LTD. 182,236
15 CONSOLIDATED HALLMARK INS.479,878
PLC AIICO INSURANCE PLC. 21 GREAT NIGERIA INSURANCE PLC. 132,138 21 STANDARD TRUST ASS. PLC 114,116
256,976 21 STANDARD TRUST ASSURANCE PLC 176,645 22 CRUSADER INSURANCE (NIG.) PLC 131,007 22 GREAT NIGERIA INSURANCE PLC. 103,559
16 ZENITH GENERAL INSURANCE 22 REGENCY INSURANCE COMPANY LTD. 140,917
16 A & G INSURANCE CO. LIMITED476,337 237,794 23 GUARDIAN TRUST INS. CO. LTD. 122,759 23 CRUSADER INSURANCE (NIG.) PLC 94,532
17 CO.LTD. 23 LEXINGTON INTERNATIONAL 135,904 24 UNION ASSURANCE CO. LTD. 113,051 24 UNION ASSURANCE CO. LTD. 89,014
17 PRESTIGE ASSURANCE .CO.PLC.446,265 236,246 24 CRUSADER INSURANCE CO.PLC. 132,766
18 STANDARD TRUST ASSURANCE PLC 25 ADMIRAL INSURANCE CO. LTD. 110,018 25 OASIS INSURANCE CO. LTD. 72,110
18 STANDARD ALLIANCE INS. PLC 375,023 224,916 25 CENTRAL INSURANCE COMPANY LTD. 124,281 26 OASIS INSURANCE CO. LTD. 102,142 26 ELMAC ASSURANCE (NIG.) LTD. 70,860
19 INDUSTRIAL & GENERAL INSURANCE 26 OASIS INSURANCE COMPANY LTD. 118,702
19 UNION ASSURANCE CO. LIMITED361,244 204,266 27 GUARDIAN EXPRESS INS. CO. LTD. 101,854 27 AFRICAN DEV. INS. CO. LTD. 68,034
20 CO. LTD.
27 ZENITH GENERAL INSURANCE CO.LTD.118,275 28 DESTINY INSURANCE CO. LTD. 101,819 28 ROYAL TRUST ASS. CO. LTD. 66,156
20 335,034
STERLING ASSURANCE NIG. LIMITED 199,363 28 UNIC INSURANCE PLC 112,131 29 CUSTODIAN & ALLIED INS. CO. LTD. 100,315 29 REFUGE INS. CO. LTD. 64,508
21 STANDARD ALLIANCE INSURANCE
21 INSURANCE PHB LIMITED 307,950 197,682 29 ADMIRAL INSURANCE CO. LTD. 110,888 30 HALLMARK ASSURANCE PLC 92,109 30 CUSTODIAN & ALLIED INS. CO. LTD. 61,817
22 PLC 30 ACEN INSURANCE CO.LTD. 109,807 31 HEIRS ALLIANCE INS. CO. LTD. 89,807 31 ACEN INSURANCE CO. LTD. 61,152
22 CUSTODIAN & ALLIED INS. PLC 293,942 194,589
23 31 PHOENIX OF NIGERIA ASSURANCE107,704
PLC 32 ELMAC ASSURANCE (NIG.) LTD. 85,098 32 PERPETUAL ASSURANCE CO. LTD. 60,769
REGENCY ALLIANCE INSURANCE
23 ADIC INSURANCE LIMITED 291,182 192,639 32 GREAT NIGERIA INSURANCE CO.LTD. 105,670 33 ACEN INSURANCE CO. LTD. 81,519 33 NFI INSURANCE COMPANY LTD. 58,120
24
24 275,134
UNITRUST INSURANCE CO. LIMITED\ COMPANY LTD. 163,334 33 ROYAL TRUST ASSURANCE CO. LTD.97,310 34 ROYAL TRUST ASS. CO. LTD. 77,983 34 HALLMARK ASSURANCE PLC 57,770
25 34 96,110
TRUST & GUARANTEE INSURANCE CO.LTD. 35 NFI INSURANCE COMPANY LTD. 76,718 35 TRUST & GUARANTEE INS. CO. LTD. 57,146
UNITRUST INSURANCE CO.LTD. 155,979
25 GUARANTY TRUST ASSURANCE265,553
PLC 26 35 CONSOLIDATED RISK INSURERS CO.94,553LTD. 36 CONSOLIDATED RISK INS. CO. LTD. 74,633 36 UNIC INSURANCE PLC 57,025
UNION ASSURANCE CO. LTD. 154,753 36 GUARDIAN EXPRESS INS. CO. LTD. 89,968 37 PHOENIX OF NIGERIA ASS. PLC 74,425 37 DESTINY INSURANCE CO. LTD. 56,000
26 REGENCY ALLIANCE INS. PLC 245,008 27
NICON INSURANCE PLC 151,418 37 INTERNATIONAL ENERGY INS. CO.LTD.89,798 38 REGENCY INSURANCE CO. LTD. 74,112 38 NEW LINE INS. CO. LTD. 51,242
27 204,664
CRUSADER INSURANCE (NIG.) .PLC. 28 38 81,826
CUSTODIAN & ALLIED INS. CO. LIMITED 39 UNIC INSURANCE PLC 66,960 39 MUTUAL ASSURANCE CO. LTD 46,606
LINKAGE ASSURANCE CO.LTD. 141,741
28 UNITY KAPITAL ASSURANCE PLC183,874 29 39 GUINEA INSURANCE PLC. 81,396 40 AFRICAN DEV. INS. CO. LTD. 65,316 40 STERLING ASSURANCE LIMITED 45,803
PRESTIGE ASSURANCE .CO.PLC. 113,637 40 ATLANTIC INSURANCE CO.LTD. 79,733 41 TRUST & GUARANTEE INS. CO. LTD. 64,837 41 NASAL INSURANCE CO. LTD. 41,348
29 AIICO INSURANCE PLC. 181,360 30 ANCHOR INSURANCE CO.LTD. 111,463 41 INTER CONTINENTAL ASSURANCE CO. 77,843
LTD 42 NIGERIAN ALLIANCE ASS. CORP. LTD 57,795 42 ATLANTIC INSURANCE CO. LTD. 40,834
30 GNI INSURANCE CO.LTD. 176,579 31 42 GOLDEN INSURANCE CO.LTD. 77,756 43 NEW LINE INS. CO. LTD. 57,371 43 GUARDIAN EXPRESS INS. CO. LTD. 39,837
GUINEA INSURANCE PLC. 99,841
31 ROYAL EXCHANGE ASSURANCE159,220
NIG. PLC. 32 43 NFI INSURANCE CO.LTD. 74,334 44 STERLING ASSURANCE LIMITED 48,774 44 REGENCY INSURANCE CO. LTD. 39,471
CONSOLIDATED HALLMARK INS. LTD. 97,649 44 LAW UNION & ROCK INS. (NIG.) PLC 73,727 45 INTER-CONTINENTAL ASS. CO. LTD. 45,997 45 NIGER INSURANCE PLC 37,752
32 THE UNIVERSAL INSURANCE PLC 135,892 33 45 ELMAC ASSURANCE (NIG) LTD. 72,768 46 UNITED TRUST ASS. CO. LTD. 44,742 46 KAPITAL INSURANCE CO. LTD. 36,434
UNIC INSURANCE PLC 92,183
33 OCEANIC INSURANCE CO. LIMITED133,307 34 46 PERPETUAL ASSURANCE CO. LTD. 69,300 47 ATLANTIC INSURANCE CO. LTD. 42,381 47 ADMIRAL INSURANCE CO. LTD. 36,229
INSURANCE PHB 87,533 47 DESTINY INSURANCE CO.LTD. 66,661 48 NASAL INSURANCE CO. LTD. 42,360 48 INTER-CONTINENTAL ASS. CO. LTD. 35,680
34 128,634
LAW UNION & ROCK INS. (NIG.) PLC 35 GUARDIAN EXPRESS INS. CO. LTD. 49 INTL. ENERGY INS. CO. LTD. 41,560 49 UNITED TRUST ASS. CO. LTD. 29,934
81,148 48 ANCHOR INSURANCE CO.LTD. 56,300
35 ANCHOR INSURANCE CO. LIMITED 115,563 36 GUARANTY TRUST ASSURANCE 49 ROYAL EXCHANGE ASSURANCE NIG.PLC.52,158 50 NIGER INSURANCE PLC 37,286 50 ROYAL EXCHANGE ASS. (NIG.) PLC 28,918
65,565
36 OASIS INSURANCE PLC 114,576 37 50 51,569
NIGERIAN AGRICULTURAL INS. CO.LTD. 51 GLOBAL COM. & GEN. INS. CO. LTD. 34,716 51 GOLDEN INSURANCE CO. LTD. 27,359
CO.LTD. 45,992 52 REFUGE INS. CO. LTD. 34,583 52 LAW UNION & ROCK INS. (NIG.) PLC 25,965
38 51 NIGER INSURANCE PLC. 50,419
37 NIGER INSURANCE PLC. 110,020 CUSTODIAN & ALLIED INSURANCE 52 49,892 53 SIGNAL ASSURANCE CO. LTD. 31,313 53 NIGERIAN AGRIC. INS. CO. LTD. 25,676
32,308 PRESIDENTIAL INSURANCE COMPANY LTD.
38 GUINEA INSURANCE PLC. 100,515 39 53 GLOBAL COM. & GEN. INS. CO. LTD. 48,788 54 SUMMIT INS. CO. LTD. 29,814 54 INVESTMENT & ALLIED ASS. CO. LTD 24,988
CO. LIMITED 29,061 55 PERPETUAL ASSURANCE CO. LTD. 28,423 55 TRUST WORLD INS. CO. LTD. 24,840
39 INVESTMENT & ALLIED ASS. PLC 78,115 40 54 NASAL INSURANCE CO. LTD. 48,577
ROYAL EXCHANGE ASSURANCE 25,384 55 STERLING ASSURANCE NIGERIA LTD47,111 56 ROYAL EXCHANGE ASS. (NIG.) PLC 28,231 56 SUMMIT INS. CO. LTD. 23,672
40 FIN INSURANCE CO. LIMITED 59,590 41 56 45,551 57 KAPITAL INSURANCE CO. LTD. 27,886 57 NIGERIAN ALLIANCE ASS. CORP. LTD 23,015
NIGERIA PLC. 14,964 TRUST WORLD INSURANCE CO. LTD.
42 57 NEW LINE INSURANCE CO.LTD. 40,572 58 TRANS-NIGERIA ASS. CO. LTD. 27,176 58 LEXINGTON INTL INS. CO. LTD. 22,512
41 UNIC INSURANCE PLC 28,390 CRUSADER INSURANCE CO.PLC. n.a 59 ANCHOR INSURANCE CO. LTD. 26,972 59 FIRE EQUITY & GEN. INS. CO. LTD. 22,099
24
43 58 NEM INSURANCE CO.PLC. 40,391
42 NIGERIAN AGRICULTURAL INS. COR.16,073 ADIC INSURANCE CO.LTD. n.a 59 60 FIRE EQUITY & GEN. INS. CO. LTD. 25,788 60 TRANS-NIGERIA ASS. CO. LTD. 18,208
UNITED TRUST ASSURANCE CO.LTD.40,009
43 NICON INSURANCE PLC n.a 44 60 GUARANTY TRUST ASSURANCE CO.LTD. 38,542
MARINE AND AVIATION INSURANCE PREMIUM INCOME FOR 2007
REINS GROSS
DIRECT ACCEPTED PREMIUMREINS. CEDEDCEDED WRITTEN
BUSINESSLOCALLYABROAD PREMIUM LOCALLY ABROADPREMIUM
1 A & G INSURANCE CO. LIMITED 706,792 1,061 - 707,853 1,205 - 706,648

4 ANCHOR INSURANCE CO. LIMITED 5,033 - - 5,033 624 - 4,409
5 136,774
8 498,256
9 EQUITY ASSURANCE PLC. 184,613 2,745 - 187,358 21,374 24,551 141,433
12 GUARANTY TRUST ASSURANCE PLC.203,087 18,426 - 221,513 62,516 - 158,997
714,130
14 INDUSTRIAL AND GENERAL INSURANCE PLC - - 714,130 214,239 - 499,891
16 INTERCONTINENTAL WAPIC INSURANCE PLC. 2,518
749,200 - 751,718 58,520 - 693,198
17 INTERNATIONAL ENERGY INSURANCE PLC. 24,925
336,239 - 361,164 184,876 - 176,288
6,660
18 INVESTMENT & ALLIED ASSURANCE PLC. 547 - 7,207 949 - 6,258
19 LASACO ASSURANCE PLC 24,753 4,917 - 29,670 13,191 - 16,479
111,371
20 LAW UNION & ROCK INSURANCE (NIG.) PLC - - 111,371 27,581 - 83,790
913,226
21 LEADWAY ASSURANCE CO.LTD. LIMITED - - 913,226 221,813 - 691,413
23 MUTUAL BENEFITS ASSURANCE PLC.232,121 - - 232,121 2,177 - 229,944
1,300
27 NIGERIAN AGRICULTURAL INS. CORPORATION - - 1,300 401 - 899
28 OASIS INSURANCE PLC. 20,906 239 - 21,145 456 - 20,689
349,420
32 ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC. - - 349,420 76,547 48,187 224,686
33 SOVEREIGN TRUST INSURANCE PLC278,610 12,018 - 290,628 66,133 - 224,495
288,332
34 STANDARD ALLIANCE INSURANCE PLC 48,192 - 336,524 31,935 - 304,589
36 STERLING ASSURANCE PLC.NIGERIA 68,455
LIMITED 16,362 - 84,817 10,814 - 74,003
26,158
37 THE UNIVERSAL INSURANCE CO. LIMITED - - 26,158 3,211 - 22,947
39 UNION ASSURANCE CO. LIMITED 230,499 804 - 231,303 93,750 - 137,553
40 UNITRUST INSURANCE CO. LIMITED 288,095 - - 288,095 67,464 62,252 158,379
42 FIN INSURANCE CO. LIMITED 5,515 11,803 - 17,318 1,067 - 16,251
625,070
43 ZENITH GENERAL INSURANCE CO. LIMITED. - - 625,070 165,135 - 459,935
TOTAL 11,072,238 183,417 - 11,255,655 2,129,897 180,027 8,945,731

FROM THEIR DIRECT MARINE & AVIATION INSURANCE BUSINESS (2003-2007)
2007 2006 2005 2004 2003
1 LEADWAY ASSURANCE CO. LIMITED913,226 1 NICON INSURANCE PLC 872,563 1 NICON INSURANCE CORPORATION10,556,870 1 NICON INSURANCE CORPORATION 12,651,962 1 NICON INSURANCE CORPORATION 10,228,170
2 INDUSTRIAL & GENERAL INS. CO.
2,547,090
LTD. 2 INDUSTRIAL & GEN. INS. CO. LTD 2,239,328 2 INDUSTRIAL & GEN. INS. CO. LTD 783,493
2 INTERCONTINENTAL WAPIC INS.749,200
PLC. 2 541,801
INTERCONTINENTAL WAPIC INS. PLC. 3 INTERNATIONAL ENERGY INS.CO.LTD.
624,845 3 ALLIANCE & GENERAL INS. CO. LTD 435,323 3 LEADWAY ASSURANCE CO. LTD. 332,669
3 INDUSTRIAL AND GENERAL INS.714,130
PLC 3 CORNERSTONE INSURANCE 519,068
PLC 4 A & G INSURANCE CO. LTD. 471,336 4 LEADWAY ASSURANCE CO. LTD. 361,714 4 SOVEREIGN TRUST INS. CO. LTD. 273,059
LEADWAY ASSURANCE CO.LTD. 402,519 5 CORNERSTONE INS. PLC 299,225 5 CORNERSTONE INS. PLC 216,387
4 A & G INSURANCE CO. LIMITED706,792 4 MUTUAL BENEFITS ASSURANCE 494,749
PLC 5 SOVEREIGN TRUST INS. CO. LTD. 264,944 6 CUSTODIAN & ALLIED INS. CO. LTD. 210,460
6 CUSTODIAN & ALLIED INS. CO. LTD
357,241 6
5 625,070 5
ZENITH GENERAL INSURANCE CO.LTD. LEADWAY ASSURANCE CO.LTD. 423,445 7 CORNERSTONE INSURANCE PLC334,318 7 WAPIC INSURANCE PLC 240,432 7 CRUSADER INSURANCE (NIG.) PLC 202,534
ZENITH GENERAL INSURANCE 381,576
CO.LTD.8 ZENITH GENERAL INSURANCE CO.LTD.
307,727 8 NIGER INSURANCE PLC 230,390 8 UNIC INSURANCE PLC 200,557
6 CORNERSTONE INSURANCE PLC 595,609 6 CUSTODIAN & ALLIED INS. CO. LTD. 209,231 9 NIGER INSURANCE PLC 197,018
322,964
CUSTODIAN & ALLIED INS. CO. LIMITED9 CRUSADER INSURANCE CO.PLC.270,269 9
7 CUSTODIAN & ALLIED INS. PLC 498,256 7 10 NIGER INSURANCE PLC. 265,840 10 AIICO INSURANCE PLC 205,770 10 UNITRUST INSURANCE CO. LTD. 196,510
8 AIICO INSURANCE PLC. 412,638 8 STANDARD TRUST ASSURANCE 318,250
PLC 11 WAPIC INSURANCE PLC. 255,790 11 CRUSADER INSURANCE (NIG.) PLC 200,236 11 WAPIC INSURANCE PLC 190,151
299,476 12 CENTRAL INSURANCE COMPANY253,477
LTD. 12 UNITRUST INSURANCE CO. LTD. 196,394 12 GOLDLINK INS. CO. LTD 152,798
9 364,991 9
CRUSADER INSURANCE (NIG.) PLC. PRESTIGE ASSURANCE .CO.PLC.
SOVEREIGN TRUST INSURANCE 249,962
PLC 13 GOLDLINK INS. CO. LTD 195,550 13 PRESTIGE ASSURANCE PLC 134,032
10 STACO INSSURANCE PLC 361,703 10 NIGER INSURANCE PLC. 289,968 13 PRESTIGE ASSURANCE PLC 169,412 14 STANDARD ALLIANCE INS. CO. LTD. 127,483
14 AIICO INSURANCE PLC. 237,054 14
UNITRUST INSURANCE CO.LTD.279,722 15 UNITRUST INSURANCE CO.LTD. 229,836 15 STANDARD ALLIANCE INS. CO. LTD. 167,881 15 ROYAL EXCHANGE ASS. (NIG.) PLC 114,150
11 ROYAL EXCHANGE ASSURANCE349,420NIG. PLC. 11 ROYAL EXCHANGE ASS. (NIG.) PLC 157,018 16 AIICO INSURANCE PLC 105,881

AIICO INSURANCE PLC. 250,569 16 STANDARD ALLIANCE INS. CO. LTD.
221,983 16
12 N.E.M. INSURANCE PLC. 343,934 12 17 ADMIRAL INSURANCE CO. LTD. 213,560 17 GUARDIAN TRUST INS. CO. LTD. 156,168 17 EQUITY INDEMNITY INS. CO. LTD. 101,477
GOLDLINK INSURANCE CO.LTD.235,967 18 PRESTIGE ASSURANCE .CO.PLC.207,202 18 UNIC INSURANCE PLC 150,664 18 MUTUAL BENEFITS ASS. PLC 98,711
13 INTERNATIONAL ENERGY INS. PLC336,239 13 19 LINKAGE ASSURANCE CO. LTD 112,698 19 VIGILANT INSURANCE CO. LTD. 87,829
14 STERLING ASSURANCE NIGERIA214,064
LTD 19 MUTUAL BENEFITs ASSURANCE 182,806
PLC
14 PRESTIGE ASSURANCE PLC. 299,936 20 VIGILANT INSURANCE CO. LTD. 112,691 20 THE LION OF AFRICA INS. CO. LTD 86,887
15 INDUSTRIAL & GENERAL INS.213,527
CO. LTD. 20 STANDARD TRUST ASSURANCE PLC 173,549
15 OCEANIC INSURANCE CO. LIMITED296,385 21 THE LION OF AFRICA INS. CO. LTD 110,029 21 GUARDIAN TRUST INS. CO. LTD. 84,298
21 LINKAGE ASSURANCE CO.LTD. 172,887 22 108,076 22 82,338
16 212,333
STANDARD ALLIANCE INSURANCE PLC22 EQUITY INDEMNITY INS. CO. LTD. PHOENIX OF NIGERIA ASS. PLC
PLC GOLDLINK INSURANCE CO.LTD. 154,008 23 TRUST & GUARANTEE INS. CO. LTD. 93,379 23 TRUST & GUARANTEE INS. CO. LTD. 68,575
17 199,655
ROYAL EXCHANGE ASS. NIGERIA PLC. 23 ROYAL EXCHANGE ASSURANCE 136,202
NIG.PLC. 24 INTL. ENERGY INS. CO. LTD. 86,451 24 YANKARI INSURANCE CO. LTD. 59,045
17 288,095
UNITRUST INSURANCE CO. LIMITED UNIC INSURANCE PLC
18 198,099 24
GUARANTY TRUST ASS. CO.LTD. 132,449 25 PHOENIX OF NIGERIA ASS. PLC 80,347 25 N.E.M. INSURANCE PLC 57,961
PLC 25 HALLMARK ASSURANCE PLC 26 UNION ASSURANCE CO. LTD. 67,229 26 LINKAGE ASSURANCE CO. LTD 57,786
19 SOVEREIGN TRUST INS. CO. LTD.
186,930 26
19 GOLDLINK INSURANCE PLC 262,079
VIGILANT INSURANCE CO.LTD. 130,166 27 GUARDIAN EXPRESS INS. CO. LTD. 64,919 27 LASACO ASSURANCE PLC 53,393
20 UNION ASSURANCE CO. LTD.134,004 27 TRUST & GUARANTEE INS. CO.LTD.118,275 28 CENTRAL INSURANCE CO. LTD. 64,242 28 STANDARD TRUST ASS. PLC 53,126
20 ADIC INSURANCE LIMITED 255,351 EQUITY INDEMNITY INS. CO. LTD.110,896 29 N.E.M. INSURANCE PLC 64,152 29 FIRE EQUITY & GEN. INS. CO. LTD. 51,553
21 EQUITY ASSURANCE CO. LTD.126,491 28
21 LINKAGE ASSURANCE PLC. 234,155 29 REGENCY INSURANCE COMPANY 108,890
LTD. 30 HALLMARK ASSURANCE PLC 64,036 30 NFI INSURANCE COMPANY LTD. 46,346
22 CRUSADER INSURANCE CO.PLC.122,355 30 THE LION OF AFRICA INS. CO.LTD.
22 MUTUAL BENEFITS ASSURANCE232,121
PLC
108,397 31 MUTUAL BENEFITS ASS. PLC 63,754 31 GUINEA INSURANCE PLC 45,994
23 N.E.M. INSURANCE CO.PLC. 97,978 31 UBA INSURANCE CO. LTD 32 YANKARI INSURANCE CO. LTD. 59,045 32 ATLANTIC INSURANCE CO. LTD. 41,188
23 UNION ASSURANCE CO. LIMITED230,499 32 GUARANTY TRUST ASSURANCE CO.LTD.98,404 33 NFI INSURANCE COMPANY LTD. 57,170 33 AFRICAN DEV. INS. CO. LTD. 38,863
24 LINKAGE ASSURANCE CO.LTD.92,486 33
24 NIGER INSURANCE PLC. 209,895
PHOENIX OF NIGERIA ASSURANCE PLC 34 ZENITH GENERAL INS. CO. LTD. 52,924 34 NIGERIAN ALLIANCE ASS. CORP LTD 37,846
25 THE UNIVERSAL INSURANCE CO.LTD.
83,066 34 NFI INSURANCE CO.LTD. 82,038 35 STANDARD TRUST ASS. PLC 52,032 35 NASAL INSURANCE CO. LTD. 34,030
25 GUARANTY TRUST ASSURANCE203,087
PLC 26 INSURANCE PHB. 75,856 35 UNITED TRUST ASSURANCE CO.LTD. 36 ADMIRAL INSURANCE CO. LTD. 50,788 36 HALLMARK ASSURANCE PLC 33,164
26 EQUITY ASSURANCE PLC 36 UNION ASSURANCE CO. LTD. 76,861 37 UNITED TRUST ASS. CO. LTD. 48,915 37 UNION ASSURANCE CO. LTD. 33,087
184,613 27 UNIC INSURANCE PLC 73,678 37 ATLANTIC INSURANCE CO.LTD. 38 ATLANTIC INSURANCE CO. LTD. 48,311 38 CENTRAL INSURANCE CO. LTD. 32,234
27 INSURANCE PHB LIMITED 150,351 28 ADIC INSURANCE CO.LTD. 73,093 38 NIGERIAN ALLIANCE ASS. CORP. LTD.
72,501 39 47,737 31,525
WORLD-WIDE INSURANCE CO. LTD. 39 LEXINGTON INTL INS. CO. LTD.
PLC 29 INTERNATIONAL ENERGY INS.72,267
CO.LTD.39 GUINEA INSURANCE PLC. 40 INTER-CONTINENTAL ASS. CO. LTD. 44,495 40 NIGERIAN AGRIC. INS. CO. LTD. 31,050
40 NEM INSURANCE CO.PLC. 67,234 41 HEIRS ALLIANCE INS. CO. LTD. 43,015 41 LAW UNION & ROCK INS. (NIG.) PLC 30,269
29 LAW UNION & ROCK INS. (NIG.) PLC
111,371 30 LAW UNION & ROCK INS. (NIG.)53,892
PLC 41 ROYAL TRUST ASSURANCE CO. LTD. 42 FIRST CHARTERED INS. CO. LTD. 42,652 42 ROYAL TRUST ASS. CO. LTD. 29,570
30 REGENCY ALLIANCE INS. PLC 108,682 31 49,348 42
REGENCY ALLIANCE INS. CO. LTD. STERLING ASSURANCE NIG. LTE 60,689 43 CONSOLIDATED RISK INS. CO. LTD. 42,601 43 UNITED TRUST ASS. CO. LTD. 28,302
31 STERLING ASSURANCE NIGERIA68,455LIMITED 32 CONSOLIDATED HALLMARK INS. 43,009
LTD. 43 CONSOLIDATED RISK INS. CO. LTD. 44 NASAL INSURANCE CO. LTD. 38,470 44 FIRST CHARTERED INS. CO. LTD. 28,067
44 LAW UNION & ROCK INS. (NIG.) PLC59,439 45 ROYAL TRUST ASS. CO. LTD. 35,225 45 WORLD-WIDE INSURANCE CO. LTD. 27,325
32 GUINEA INSURANCE PLC. 58,009 33 GUINEA INSURANCE PLC. 40,146 45 NASAL INSURANCE CO. LTD. 46 NEW LINE INS. CO. LTD. 32,949 46 LOMBARD INSURANCE CO. LTD. 26,652
33 GNI INSURANCE PLC 51,685 34 GUARDIAN EXPRESS INS. CO. 36,790
LTD. 46 PERPETUAL ASSURANCE CO. LTD.55,991 47 GUARANTY TRUST ASS. CO. LTD. 31,287 47 REFUGE INS. CO. LTD. 25,974
47 GUARDIAN EXPRESS INS. CO. LTD. 48 GREAT NIGERIA INSURANCE PLC. 29,337 48 INTER-CONTINENTAL ASS. CO. LTD. 24,774
34 UNITYKAPITAL ASSURANCE PLC 38,386 35 KAPITAL INSURANCE CO.LTD. 29,796 48 OASIS INSURANCE COMPANY LTD.52,572 49 ELMAC ASSURANCE (NIG.) LTD. 26,836 49 SUN INSURANCE CO. LTD. 24,554
35 THE UNIVERSAL INSURANCE PLC26,158 36 OASIS INSURANCE COMPANY 20,528
LTD. 49 LOMBARD INSURANCE CO.LTD. 50 REGENCY INSURANCE CO. LTD. 26,565 50 MUTUAL ASSURANCE CO. LTD. 24,199
36 LASACO ASSURANCE PLC 24,753 37 GNI INSURANCE CO.LTD. 12,705 50 LAMDA INSURANCE COMPANY LTD. 50,653 51 AFRICAN DEV. INS. CO. LTD. 25,380 51 GUARDIAN EXPRESS INS. CO. LTD. 22,902
51 YANKARI INSURANCE CO.LTD. 52 DESTINY INSURANCE CO. LTD. 24,458 52 NEW LINE INS. CO. LTD. 22,810
37 UNIC INSURANCE PLC 23,834 38 INVESTMENT & ALLIED ASS. CO.11,791
LTD. 52 NEW LINE INSURANCE CO.LTD. 50,124 53 LAW UNION & ROCK INS. (NIG.) PLC 24,031 53 CONFIDENCE INSURANCE CO. LTD. 22,787
38 OASIS INSURANCE PLC 20,906 39 LASACO ASSURANCE PLC 7,412 53 GLOBAL COM. & GEN. INS. CO. LTD. 54 GUINEA INSURANCE PLC 23,456 54 KAPITAL INSURANCE CO. LTD. 21,842
YANKARI INSURANCE CO.LTD. 4,607 54 DESTINY INSURANCE CO.LTD. 44,103 55 NIGERIAN ALLIANCE ASS. CORP. LTD 23,389 55 ELMAC ASSURANCE (NIG.) LTD. 21,284
39 INVESTMENT & ALLIED ASSURANCE 6,660
PLC 40 55 KAPITAL INSURANCE CO.LTD. 56 LOMBARD INSURANCE CO. LTD. 21,476 56 OASIS INSURANCE CO. LTD. 16,194
40 FIN INSURANCE CO. LIMITED 5,515 41 ANCHOR INSURANCE CO.LTD. 3,917 56 INTER CONTINENTAL ASSURANCE39,939CO. LTD57 OASIS INSURANCE CO. LTD. 21,423 57 GOLDEN INSURANCE CO. LTD. 12,858
41 ANCHOR INSURANCE CO. LIMITED5,033 42 1,591 57
NIGERIAN AGRICULTURAL INS. CO.LTD. LASACO ASSURANCE PLC 58 KAPITAL INSURANCE CO. LTD. 18,808 58 ADMIRAL INSURANCE CO. LTD. 12,572
26
GREAT NIGERIA INSURANCE CO.LTD. 39,072 59 MUTUAL ASSURANCE CO. LTD. 16,252 59 REGENCY INSURANCE CO. LTD. 12,543
42 NIGERIAN AGRICULTURAL INS. COR. 1,300 43 A & G INSURANCE CO. LTD. - 58 60 SIGNAL ASSURANCE CO. LTD. 15,006 60 GOLD STANDARD INSURERS LTD. 10,666
59 ELMAC ASSURANCE (NIG) LTD.
43 NICON INSURANCE PLC N/A 44 OCEANIC INSURANCE CO. LIMITED - GOLDEN INSURANCE CO.LTD. 36,979
WORKMEN’S COMPENSATION AND EMPLOYER’S LIABILITY
INSURANCE PREMIUM INCOME FOR 2007
REINS GROSS PREMIUM

DIRECT ACCEPTED PREMIUMREINS. CEDEDCEDEDFOR OWN
BUSINESSLOCALLYABROAD PREMIUM LOCALLY ABROADACCOUNT
1 A & G INSURANCE CO.LIMITED n/a n/a n/a n/a n/a n/a n/a
2 ADIC INSURANCE LIMITED n/a n/a n/a n/a n/a n/a n/a
4 ANCHOR INSURANCE CO. LIMITED 13,098 - - 13,098 - - 13,098
5 n/a
CONSOLIDATED HALLMARK INSURANCE PLC n/a n/a n/a n/a n/a n/a
6 CORNERSTONE INSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
7 CRUSADER INSURANCE (NIG.) PLC. n/a n/a n/a n/a n/a n/a n/a
8 133,992
CUSTODIAN & ALLIED INSURANCE PLC. - - 133,992 40,483 - 93,509
9 EQUITY ASSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
10 GNI INSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
11 GOLDLINK INSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
12 GUARANTY TRUST ASSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
13 GUINEA INSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
14 INDUSTRIAL AND GENERAL INSURANCE PLC
n/a n/a n/a n/a n/a n/a n/a
15 INSURANCE PHB 16,878 - - 16,878 - - 16,878
16 INTERCONTINENTAL WAPIC INSURANCE PLC.
17 INTERNATIONAL ENERGY INSURANCE24,171
PLC. 152 - 24,323 - - 24,323
18 INVESTMENT & ALLIED ASSURANCE PLC.n/a n/a n/a n/a n/a n/a n/a
19 LASACO ASSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
20 LAW UNION & ROCK INSURANCE (NIG.) PLC
70,620 - - 70,620 17,489 - 53,131
21 LEADWAY ASSURANCE CO. LIMITED 76,310 - - 76,310 17,574 - 58,736
22 LINKAGE ASSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
23 MUTUAL BENEFITS ASSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
24 N.E.M. INSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
25 NICON INSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
26 NIGER INSURANCE PLC. 42,412 - - 42,412 7,034 - 35,378
27 NIGERIAN AGRICULTURAL INS. CORPORATION
28 OASIS INSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
29 OCEANIC INSURANCE CO. LIMITED n/a n/a n/a n/a n/a n/a n/a
30 PRESTIGE ASSURANCE PLC. 119,574 - - 119,574 - - 119,574
31 REGENCY ALLIANCE INSURANCE PLC57,350 - 57,350 9,255 - 48,095
-
32 ROYAL EXCHANGE ASSURANCE (NIGERIA ) PLC.
140,221 - - 140,221 75,943 - 64,278
33 SOVEREIGN TRUST INSURANCE PLC106,410 1 - 106,411 18,856 - 87,555
34 STANDARD ALLIANCE INSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
35 STACO INSURANCE PLC 129,044 - - 129,044 - - 129,044
36 STERLING ASSURANCE NIGERIA LIMITED
37 THE UNIVERSAL INSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
38 UNIC INSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
39 UNION ASSURANCE CO. LIMITED n/a n/a n/a n/a n/a n/a n/a
40 UNITRUST INSURANCE CO. LIMITED n/a n/a n/a n/a n/a n/a n/a
41 UNITYKAPITAL ASSURANCE PLC 3,249 - - 3,249 - - 3,249
42 FIN INSURANCE CO. LIMITED n/a n/a n/a n/a n/a n/a n/a
43 ZENITH GENERAL INSURANCE CO LIMITEDn/a n/a n/a n/a n/a n/a n/a
TOTAL
983,841 153 - 983,994 213,434 - 770,560

WORKMEN’S COMPENSATION AND EMPLOYERS’ LIABILITY INSURANCE BUSINESS (2003-2007)
2007 2006 2005 2004 2003
1 140,221
ROYAL EXCHANGE ASSURANCE NIGERIA 1
PLC. UNITRUST INSURANCE CO.LTD. 284,617 1 LEADWAY ASSURANCE CO.LTD. 223,018 1 WAPIC INSURANCE PLC 103,165 1 NICON INSURANCE CORPORATION 442,888
2 133,9922
CUSTODIAN & ALLIED INSURANCE PLC 129,441 2
ROYAL EXCHANGE ASS. NIG. PLC. ROYAL EXCHANGE ASS. NIG.PLC. 164,950 2 NFI INSURANCE COMPANY LTD. 84,345 2 UNITRUST INSURANCE CO. LTD. 131,485
3 PRESTIGE ASSURANCE .CO.PLC.103,280 3 UNITRUST INSURANCE CO.LTD. 147,865 3 ROYAL EXCHANGE ASS. (NIG.) PLC 73,853 3 ROYAL EXCHANGE ASS. (NIG.) PLC 100,217
3 STACO INSURANCE PLC 129,044 4 AIICO INSURANCE PLC. 93,557 4 NIGERIAN AGRIC. INS. CO. LTD. 56,324 4 INDUSTRIAL & GEN. INS. CO. LTD 90,052
4 N.E.M. INSURANCE CO.PLC. 71,948 5 PRESTIGE ASSURANCE .CO.PLC. 87,102 5 CUSTODIAN & ALLIED INS. CO. LTD. 33,698 5 STANDARD ALLIANCE INS. CO. LTD. 87,263
4 PRESTIGE ASSURANCE .PLC. 119,5745 LEADWAY ASSURANCE CO.LTD.58,668 6 YANKARI INSURANCE CO.LTD. 64,447 6 STANDARD TRUST ASS. PLC 30,319 6 LAW UNION & ROCK INS. (NIG.) PLC 87,014
5 SOVEREIGN TRUST INSURANCE PLC 106,4106 LAW UNION & ROCK INS. (NIG.) 54,632
PLC 7 CUSTODIAN & ALLIED INS.CO. LTD. 55,183 7 INTL. ENERGY INS. CO. LTD. 28,817 7 LASACO ASSURANCE PLC 79,968
7 STANDARD TRUST ASSURANCE47,228PLC 8 NFI INSURANCE CO.LTD. 52,373 8 N.E.M. INSURANCE PLC 28,787 8 WAPIC INSURANCE PLC 70,599
6 LEADWAY ASSURANCE CO. LIMITED 76,310 9 PHOENIX OF NIGERIA ASS. PLC 45,834 9 LAW UNION & ROCK INS. (NIG.) PLC 28,638 9 THE LION OF AFRICA INS. CO. LTD 46,373
8 CUSTODIAN & ALLIED INS. CO. 31,529
LTD 10 NIGERIAN ALLIANCE ASS. CORP.LTD. 40,962 10 GUARDIAN TRUST INS. CO. LTD. 27,312 10 NIGERIAN-FRENCH INS. CO. LTD. 46,053
7 LAW UNION & ROCK INSURANCE (NIG.)70,620
PLC 9 AIICO INSURANCE PLC. 31,132 11 ATLANTIC INSURANCE CO.LTD. 38,920 11 AIICO INSURANCE PLC 23,776 11 LEADWAY ASSURANCE CO. LTD. 35,010
LAW UNION & ROCK INS. (NIG.) PLC 38,310 12 LEADWAY ASSURANCE CO. LTD. 23,480 12 AIICO INSURANCE PLC 34,198

8 REGENCY ALLIANCE INSURANCE PLC 57,35010 INSURANCE PHB. 30,414 12
13 INDUSTRIAL & GENERAL INS.CO. LTD. 32,794 13 UNIC INSURANCE PLC 22,865 13 PRESTIGE ASSURANCE PLC 33,525
9 AIICO INSURANCE PLC. 50,51211 NIGER INSURANCE PLC. 26,282 14 NICON INSURANCE CORPORATION 32,201 14 PRESTIGE ASSURANCE PLC 20,887 14 UNIC INSURANCE PLC 30,956
12 INTERNATIONAL ENERGY INS. CO.LTD.
23,715 15 NEM INSURANCE CO.PLC. 24,867 15 NICON INSURANCE CORPORATION 17,460 15 CUSTODIAN & ALLIED INS. CO. LTD. 29,365
10 NIGER INSURANCE PLC. 42,41213 NICON INSURANCE PLC 12,687 16 FIRE EQUITY & GENERAL INS.CO.LTD. 24,750 16 NASAL INSURANCE CO. LTD. 11,527 16 MUTUAL BENEFITS ASS. PLC 27,525
11 INTERNATIONAL ENERGY INSURANCE24,171
PLC 14 ANCHOR INSURANCE CO.LTD. 3,602 17 NIGER INSURANCE PLC. 23,091 17 FIRE EQUITY & GEN. INS. CO. LTD. 10,732 17 KAPITAL INSURANCE CO. LTD. 25,060
18 STANDARD TRUST ASSURANCE PLC 19,621 18 KAPITAL INSURANCE CO. LTD. 9,741 18 STANDARD TRUST ASS. PLC 18,771
12 INSURANCE PHB LIMITED 16,87815 KAPITAL INSURANCE CO.LTD. 3,553 19 INTERNATIONAL ENERGY INS.CO.LTD. 19,269 19 ROYAL TRUST ASS. CO. LTD. 9,570 19 PHOENIX OF NIGERIA ASS. PLC 15,839
16 GNI INSURANCE CO.LTD. 2,102 20 NASAL INSURANCE CO. LTD. 13,396 20 MUTUAL ASSURANCE CO. LTD. 6,095 20 UNITED TRUST ASS. CO. LTD. 14,044
13 ANCHOR INSURANCE CO. LIMITED 13,098 NEW LINE INSURANCE CO.LTD. 10,359 21 NIGER INSURANCE PLC 6,095 21 ATLANTIC INSURANCE CO. LTD. 11,861
17 A & G INSURANCE CO. LTD. N/A 21
14 UNITY KAPITAL ASSURANCE PLC 3,24918 22 ROYAL TRUST ASSURANCE CO. LTD. 10,013 22 NIGERIAN ALLIANCE ASS. CORP LTD 5,829 22 NIGERIAN ALLIANCE ASS. CORP LTD 11,013
ADIC INSURANCE CO.LTD. N/A 23 KAPITAL INSURANCE CO.LTD. 8,599 23 WORLD-WIDE INSURANCE CO. LTD. 5,210 23 UNION ASSURANCE CO. LTD. 10,809
19 CONSOLIDATED HALLMARK INS. LTD. N/A 24 ZENITH GENERAL INSURANCE CO.LTD. 7,536 24 ANCHOR INSURANCE CO. LTD. 4,212 24 ROYAL TRUST ASS. CO. LTD. 9,078
20 CORNERSTONE INSURANCE PLC N/A 25 LAMDA INSURANCE COMPANY LTD. 7,408 25 GUINEA INSURANCE PLC 4,025 25 GREAT NIGERIA INSURANCE PLC. 8,579
21 CRUSADER INSURANCE CO.PLC. N/A 26 GUINEA INSURANCE PLC. 4,848 26 GREAT NIGERIA INSURANCE PLC. 3,568 26 FIRE EQUITY & GEN. INS. CO. LTD. 7,296
27 ANCHOR INSURANCE CO.LTD. 4,830 27 LINKAGE ASSURANCE CO. LTD 3,423 27 NIGER INSURANCE PLC 6,625
22 EQUITY ASSURANCE CO. LTD. N/A 28 GREAT NIGERIA INSURANCE CO.LTD. 3,445 28 LAMDA INSURANCE COMPANY LTD 2,623 28 MUTUAL ASSURANCE CO. LTD. 6,123
23 GOLDLINK INSURANCE CO.LTD. N/A 29 STERLING ASSURANCE NIGERIA LTD. 2,142 29 REFUGE INS. CO. LTD. 1,531 29 POSTAL LIFE & GEN. INS. CO. LTD. 6,023
24 GUARANTY TRUST ASS. CO.LTD. N/A 30 RIVBANK INSURANCE CO.LTD. 1,692 30 TRANS-NIGERIA ASS. CO. LTD. 1,511 30 PRIME TRUST INSURANCE CO. LTD. 5,860
31 LOMBARD INSURANCE CO.LTD. 1,329 31 STERLING ASSURANCE NIG. LTD. 1,458 31 GUINEA INSURANCE PLC 5,674
25 GUINEA INSURANCE PLC. N/A
32 GOLD STANDARD INSURER 490 32 LOMBARD INSURANCE CO. LTD. 1,185 32 INTL. ENERGY INS. CO. LTD. 3,590
26 INDUSTRIAL & GENERAL INS. CO. LTD.
N/A 33 REFUGE INSURANCE CO. LTD. 362 33 GOLD STANDARD INSURERS LTD. 1,082 33 TRANS-NIGERIA ASS. CO. LTD. 3,474
27 INTERCONTINENTAL WAPIC INS.PLC. N/A 34 OCEANIC INSURANCE CO. LTD. 15 34 RIVBANK INSURANCE CO. LTD. 990 34 REFUGE INS. CO. LTD. 3,016
28 INVESTMENT & ALLIED ASS.CO. LTD.N/A 35 CORPORATE IDEAL INSURERS LTD. 167 35 STERLING ASSURANCE NIG. LTD. 2,729
36 ANCHOR INSURANCE CO. LTD. 2,674
29 LASACO ASSURANCE PLC N/A 37 INVESTMENT & ALLIED ASS. CO. LTD 1,161
30 LINKAGE ASSURANCE CO.LTD. N/A 38 SUN INSURANCE CO. PLC 1,113
31 MUTUAL BENEFITS ASS. PLC N/A 39 CONFIDENCE INSURANCE CO. LTD. 1,089
32 N/A 40 LOMBARD INSURANCE CO. LTD. 1,020
NIGERIAN AGRICULTURAL INS. CO.LTD.
41 RIVBANK INSURANCE CO. LTD. 998
33 OASIS INSURANCE COMPANY LTD.N/A 42 WORLD-WIDE INSURANCE CO. LTD. 941
34 OCEANIC INSURANCE CO. LIMITED N/A 43 LAMDA INSURANCE COMPANY LTD 914
35 REGENCY ALLIANCE INS. CO. LTD.N/A 44 GOLD STANDARD INSURERS LTD. 787
45 CONSOLIDATED RISK INS. CO. LTD. 301
36 SOVEREIGN TRUST INS. CO. LTD. N/A 46 THE NIGERIAN GEN. INS. PLC 138
37 STANDARD ALLIANCE INS. PLC N/A
38 STERLING ASSURANCE NIG.LTD N/A
39 THE UNIVERSAL INS. CO.LTD. N/A
40 UNION ASSURANCE CO. LTD. N/A
41 YANKARI INSURANCE CO.LTD. N/A
42 ZENITH GENERAL INS. CO.LTD. N/A
28
TOTAL 914,830
MISCELLANEOUS INSURANCE PREMIUM INCOME FOR 2007
REINS GROSS PREMIUM

1 A & G INSURANCE CO. LIMITED 68,674 - - 68,674 - - 68,674
2 ADIC INSURANCE LIMITED N/A N/A N/A N/A N/A N/A N/A
3 AIICO INSURANCE PLC. N/A N/A N/A N/A N/A N/A N/A
4 ANCHOR INSURANCE CO. LIMITED N/A N/A N/A N/A N/A N/A N/A
5 76,062
CONSOLIDATED HALLMARK INSURANCE PLC - - 76,062 4,844 - 71,218
6 CORNERSTONE INSURANCE PLC N/A N/A N/A N/A N/A N/A N/A
8 CUSTODIAN & ALLIED INSURANCE PLC. 137,507 779 - 138,286 30,917 - 107,369
9 EQUITY ASSURANCE PLC. N/A N/A N/A N/A N/A N/A N/A
10 GNI INSURANCE PLC. 32,847 - - 32,847 - - 32,847
11 GOLDLINK INSURANCE PLC. N/A N/A N/A N/A N/A N/A N/A
12 GUARANTY TRUST ASSURANCE PLC. 147,146 71 - 147,217 41,908 - 105,309
13 GUINEA INSURANCE PLC. N/A N/A N/A N/A N/A N/A N/A
14 567,682
INDUSTRIAL AND GENERAL INSURANCE PLC - - 567,682 141,920 - 425,762
16 278,254
INTERCONTINENTAL WAPIC INSURANCE PLC. 2,073 - 280,327 22,300 - 258,027
17 INTERNATIONAL ENERGY INSURANCE PLC. N/A N/A N/A N/A N/A N/A N/A
18 INVESTMENT & ALLIED ASSURANCE PLC. 15,751 - - 15,751 2,074 - 13,677
19 LASACO ASSURANCE PLC N/A N/A N/A N/A N/A N/A N/A
20 869,308
LAW UNION & ROCK INSURANCE (NIG.) PLC - - 869,308 215,286 - 654,022
21 LEADWAY ASSURANCE CO LIMITED 703,250 - - 703,250 76,537 - 626,713
22 LINKAGE ASSURANCE PLC. 37,572 176 - 37,748 11,121 - 26,627
23 MUTUAL BENEFITS ASSURANCE PLC. N/A N/A N/A N/A N/A N/A N/A
24 N.E.M. INSURANCE PLC. N/A N/A N/A N/A N/A N/A N/A
25 NICON INSURANCE PLC N/A N/A N/A N/A N/A N/A N/A
27 592,046 (205,507)
NIGERIAN AGRICULTURAL INS. CORPORATION - 386,539 4,376 - 382,163
28 OASIS INSURANCE PLC. N/A N/A N/A N/A N/A N/A N/A
31 REGENCY ALLIANCE INSURANCE PLC 62,639 - - 62,639 9,395 - 53,244
32 ROYAL EXCHANGE ASSURANCE (NIGERIA660,936
) PLC. - - 660,936 28,069 29,300 603,567
33 SOVEREIGN TRUST INSURANCE PLC 42,548 - - 42,548 12,188 - 30,360
34 STANDARD ALLIANCE INSURANCE PLC 338,973 50,454 - 389,427 41,626 - 347,801
36 STERLING ASSURANCE NIGERIA LIMITED N/A N/A N/A N/A N/A N/A N/A
37 THE UNIVERSAL INSURANCE PLC N/A N/A N/A N/A N/A N/A N/A
39 UNION ASSURANCE CO. LIMITED N/A N/A N/A N/A N/A N/A N/A
40 UNITRUST INSURANCE CO.LTD. LIMITED 625,896 - - 625,896 194,475 100,647 330,774
41 UNITYKAPITAL ASSURANCE PLC N/A N/A N/A N/A N/A N/A N/A
42 FIN INSURANCE CO. LIMITED 118,467 - - 118,467 355 - 118,112
43 130,100
ZENITH GENERAL INSURANCE CO. LIMITED - - 130,100 16,723 - 113,377
TOTAL (126,478) - 1,158,575 135,052
7,948,780 7,822,302 6,528,675

FROM THEIR DIRECT MISCELLANEOUS INSURANCE BUSINESS (2003-2007)
2007 2006 2005 2004 2003
1 130,100 1
ZENITH GENERAL INS. CO LIMITED. NIGER INSURANCE PLC. 928,607 1 NICON INSURANCE CORPORATION 612,389 1 NICON INSURANCE CORPORATION 705,061 1 NIGER INSURANCE PLC 354,759
2 FIN INSURANCE CO. LIMITED 118,467 2 UNIC INSURANCE PLC 495,758 2 A & G INSURANCE CO. LTD. 497,326 2 ALLIANCE & GENERAL INS. CO. LTD 519,740 2 NIGERIAN AGRIC. INS. CO. LTD 239,327
3 NIGER INSURANCE PLC. 452,297 3 NIGERIAN AGRIC. INS. CO. LTD 434,156 3 NICON INSURANCE CORPORATION 190,105
3 UNITRUST INSURANCE CO.LTD. 625,896 3 ROYAL EXCHANGE ASS. NIG.408,822
PLC.
4 NIGERIAN AGRIC. INS. CO. LTD. 397,462 4 NIGER INSURANCE PLC 407,015 4 LEADWAY ASSURANCE CO. LTD. 181,541
4 UNIC INSURANCE PLC 871,230 4 LEADWAY ASSURANCE CO.LTD.383,716 5 UNIC INSURANCE PLC 309,908 5 LEADWAY ASSURANCE CO. LTD. 289,720 5 ROYAL EXCHANGE ASS. (NIG.) PLC 175,481
5 STACO INSURANCE PLC 112,031 5 379,045
NIGERIAN AGRICULTURAL INS. CO.LTD.6 LAW UNION & ROCK INS. (NIG.) PLC 302,839 6 ROYAL EXCHANGE ASS. (NIG.) PLC 287,510 6 LAW UNION & ROCK INS. (NIG.) PLC 145,205
342,886
LAW UNION & ROCK INS. (NIG.) PLC 7 ROYAL EXCHANGE ASS. NIG. PLC. 232,397 7 LAW UNION & ROCK INS. (NIG.) PLC 218,542 7 UNIC INSURANCE PLC 74,948
PLC 6 8 HALLMARK ASSURANCE PLC 162,659 8 UNITRUST INSURANCE CO. LTD. 180,158 8 N.E.M. INSURANCE PLC 73,839
PLC 7 STANDARD TRUST ASSURANCE 336,998
PLC 9 LEADWAY ASSURANCE CO. LTD. 160,214 9 FIRST CHARTERED INS. CO. LTD. 132,588 9 CUSTODIAN & ALLIED INS. CO. LTD. 69,356
8 ROYAL EXCHANGE ASSURANCE 660,936 8
NIG. PLC. 304,859
INTERCONTINENTAL WAPIC INS. PLC. 10 NFI INSURANCE CO. LTD. 138,634 10 INDUSTRIAL & GEN. INS. CO. LTD 111,439 10 UNITRUST INSURANCE CO. LTD. 60,892
9 NICON INSURANCE PLC 291,264 11 NEM INSURANCE CO. PLC. 127,786 11 STANDARD ALLIANCE INS. CO. LTD. 106,515 11 FIRST CHARTERED INS. CO. LTD. 54,114
9 REGENCY ALLIANCE INSURANCE 62,639
PLC 12 111,359 12 100,987 12 44,486
10 SOVEREIGN TRUST INS. CO. 227,461
LTD. WAPIC INSURANCE PLC. UNIC INSURANCE PLC THE LION OF AFRICA INS. CO. LTD

10 PRESTIGE ASSURANCE PLC. 126,799 13 UNITRUST INSURANCE CO. LTD. 94,498 13 N.E.M. INSURANCE PLC 89,414 13 YANKARI INSURANCE CO. LTD. 44,064
11 221,663
STANDARD ALLIANCE INSURANCE PLC14 STANDARD ALLIANCE INS. CO. LTD. 91,857 14 GUARDIAN TRUST INS. CO. LTD. 84,195 14 LOMBARD INSURANCE CO. LTD. 31,679
11 151,057
OCEANIC INSURANCE CO. LIMITED
12 N.E.M. INSURANCE CO.PLC. 155,715 15 GUINEA INSURANCE PLC. 81,369 15 KAPITAL INSURANCE CO. LTD. 58,161 15 ELMAC ASSURANCE (NIG.) LTD. 29,594
12 NIGERIAN AGRICULTURAL INS.592,046
COR.
13 INDUSTRIAL & GENERAL INS.154,559
CO. LTD. 16 PRESTIGE ASSURANCE . CO. PLC. 79,518 16 GUINEA INSURANCE PLC 58,033 16 WORLD-WIDE INSURANCE CO. LTD. 28,681
13 NIGER INSURANCE PLC. 977,263 CUSTODIAN & ALLIED INS. CO. LTD 67,870 17 AIICO INSURANCE PLC 48,904 17 ACEN INSURANCE CO. LTD. 28,612
14 131,328 17
UNITRUST INSURANCE CO.LTD.
14 LINKAGE ASSURANCE PLC 37,572 15 18 KAPITAL INSURANCE CO. LTD. 50,408 18 LINKAGE ASSURANCE CO. LTD 46,762 18 KAPITAL INSURANCE CO. LTD. 25,492
INSURANCE PHB. 120,845 19 ACEN INSURANCE CO. LTD. 45,915 19 WORLD-WIDE INSURANCE CO. LTD. 45,685 19 GUINEA INSURANCE PLC 23,972
15 LEADWAY ASSURANCE CO. LIMITED
703,250 16 ZENITH GENERAL INS. CO.LTD.86,592 20 TRANS-NIGERIA ASS. CO. LTD. 39,172 20 NFI INSURANCE COMPANY LTD. 44,186 20 NEW LINE INS. CO. LTD. 23,396
16 LAW UNION & ROCK INS. (NIG.)869,308
PLC 17 PRESTIGE ASSURANCE .CO.PLC.86,171 21 GUARANTY TRUST ASS. CO.LTD. 32,103 21 YANKARI INSURANCE CO. LTD. 44,064 21 GREAT NIGERIA INSURANCE PLC. 21,977
PLC18 GUARANTY TRUST ASS. CO.LTD.74,382 22 ADMIRAL INSURANCE CO. LTD. 31,653 22 PRESIDENTIAL INSURANCE CO. LTD 39,715 22 AIICO INSURANCE PLC 19,847
18 INTERCONTINENTAL WAPIC INS. 278,254
PLC. 19 23 CRUSADER INSURANCE CO. PLC. 22,732 23 CUSTODIAN & ALLIED INS. CO. LTD. 30,577 23 NFI INSURANCE COMPANY LTD. 19,564
YANKARI INSURANCE CO.LTD.69,091 24 ELMAC ASSURANCE (NIG) LTD. 21,363 24 ACEN INSURANCE CO. LTD 27,242 24 PRESTIGE ASSURANCE PLC 19,162
19 INSURANCE PHB LIMITED 147,564 20 KAPITAL INSURANCE CO.LTD. 41,198 25 LINKAGE ASSURANCE CO. LTD. 20,673 25 CONSOLIDATED RISK INS. CO. LTD. 26,257 25 GOLD STANDARD INSURERS LTD. 14,807
20 INDUSTRIAL AND GENERAL INS. 567,682
PLC 21 CUSTODIAN & ALLIED INS. CO.36,862
LIMITED26 YANKARI INSURANCE CO. LTD. 19,656 26 NEW LINE INS. CO. LTD. 24,498 26 CRUSADER INSURANCE (NIG.) PLC 14,174
21 GUARANTY TRUST ASSURANCE 147,146
PLC 22 LINKAGE ASSURANCE CO.LTD. 15,514 27 STANDARD TRUST ASSURANCE PLC 15,763 27 TRANS-NIGERIA ASS. NIG. LTD. 22,246 27 TRANS-NIGERIA ASS. NIG. LTD. 12,719
28 NEW LINE INSURANCE CO. LTD. 11,492 28 MUTUAL ASSURANCE CO. LTD. 19,298 28 NIGERIAN ALLIANCE ASS. CORP. LTD 9,145
22 GNI INSURANCE PLC 32,847 23 CRUSADER INSURANCE CO.PLC. 12,753 29 CONSOLIDATED RISK INS. CO. LTD. 10,823 29 ELMAC ASSURANCE (NIG.) LTD. 18,535 29 INTER-CONTINENTAL ASS. CO. LTD. 8,569
23 CUSTODIAN & ALLIED INSURANCE137,507
PLC 24 CONSOLIDATED HALLMARK INS. 11,090
LTD. 30 PERPETUAL ASSURANCE CO. LTD. 10,417 30 ANCHOR INSURANCE CO. LTD. 18,384 30 MUTUAL ASSURANCE CO. LTD. 6,108
24 57,178 25
CRUSADER INSURANCE (NIG.) .PLC. 2,351 31
GUARDIAN EXPRESS INS. CO. LTD. REFUGE INSURANCE CO. LTD. 8,920 31 CRUSADER INSURANCE (NIG.) PLC 17,263 31 STANDARD TRUST ASS. PLC 6,076
INVESTMENT & ALLIED ASS. CO.1,057
LTD. 32 GOLD STANDARD INSURER 8,883 32 PHOENIX OF NIGERIA ASS. PLC 16,670 32 HONESTY INSURANCE CO. LTD. 3,368
PLC 26 33 NIGERIAN ALLIANCE ASS. CORP. LTD 8,762 33 UNION ASSURANCE CO. LTD. 15,252 33 PERPETUAL ASSURANCE CO. LTD 2,636
26 A & G INSURANCE CO. LIMITED68,674 27 UNION ASSURANCE CO. LTD. N/A 34 FIRE EQUITY & GEN. INS. CO. LTD. 8,555 34 STANDARD TRUST ASS. PLC 14,354 34 REFUGE INS. CO. LTD. 2,143
28 THE UNIVERSAL INSURANCE CO.LTD.N/A 35 SIGNAL ASSURANCE CO. LTD. 8,159 35 UNITED TRUST ASS. CO. LTD. 13,650 35 STERLING ASSURANCE CO. LTD. 1,974
29 STERLING ASSURANCE NIGERIAN/A LTD 36 GUARDIAN EXPRESS INS. CO. LTD. 7,563 36 GUARANTY TRUST ASS. CO. LTD. 12,889 36 FIRE EQUITY & GEN. INS. CO. LTD. 1,874
30 REGENCY ALLIANCE INS. CO. LTD. N/A 37 PRESIDENTIAL INSURANCE CO. LTD. 7,243 37 ATLANTIC INSURANCE CO. LTD. 7,968 37 ROYAL TRUST ASS. CO. LTD. 1,387
38 STERLING ASSURANCE NIG. LTD. 4,707 38 NIGERIAN ALLIANCE ASS. CORP. LTD 7,844 38 CONSOLIDATED RISK INS. CO LTD 493
31 OCEANIC INSURANCE CO. LIMITED N/A 39 ATLANTIC INSURANCE CO.LTD. 3,647 39 POSTAL LIFE & GEN. INS. CO. LTD. 6,317 39 SUMMIT INS. CO. LTD. 309
32 OASIS INSURANCE COMPANY LTD. N/A 40 INTER CONTINENTAL ASS. CO. LTD 938 40 SIGNAL ASSURANCE CO. LTD. 5,893 40 LAMDA INSURANCE CO. LTD. 98
33 MUTUAL BENEFITS ASSURANCE N/A PLC 41 OCEANIC INSURANCE CO. LTD. 231 41 GOLD STANDARD INSURERS LTD. 5,732
34 LASACO ASSURANCE PLC N/A 42 PERPETUAL ASSURANCE CO. LTD 4,003
43 INTER-CONTINENTAL ASS. CO. LTD. 3,878
35 N/A
INTERNATIONAL ENERGY INS.CO.LTD. 44 REFUGE INS. CO. LTD. 3,726
36 GUINEA INSURANCE PLC. N/A 45 FIRE EQUITY & GEN. INS. CO. LTD. 3,139
37 GOLDLINK INSURANCE CO.LTD. N/A 46 STERLING ASSURANCE CO. LTD. 2,686
38 GNI INSURANCE CO.LTD. N/A 47 RIVBANK INSURANCE CO. LTD. 1,559
48 SUMMIT INS. CO. LTD. 1,240
39 FORTUNE INSURANCE CO. LTD N/A 49 INVESTMENT & ALLIED ASS. CO. LTD 739
40 EQUITY ASSURANCE CO. LTD. N/A 50 LAMDA INSURANCE CO. LTD. 480
41 CORNERSTONE INSURANCE PLCN/A
42 ANCHOR INSURANCE CO.LTD. N/A
43 AIICO INSURANCE PLC. N/A
44 ADIC INSURANCE CO.LTD. N/A
30
45 A & G INSURANCE CO. LTD. N/A
OIL AND GAS INSURANCE PREMIUM INCOME FOR 2007
REINS GROSS PREMIUM

- -
1 A & G INSURANCE CO. LIMITED 29,602 535 - 30,137 n/a n/a 30,137
2 ADIC INSURANCE LIMITED n/a n/a n/a n/a 224,003 - n/a
3 AIICO INSURANCE PLC. 612,799 - - 612,799 - - 388,796
4 ANCHOR INSURANCE CO. LIMITED 12,326 - - 12,326 - - 12,326
5 19,656
CONSOLIDATED HALLMARK INSURANCE PLC - - 19,656 n/a n/a 19,656
6 CORNERSTONE INSURANCE PLC n/a n/a n/a n/a - - n/a
7 CRUSADER INSURANCE (NIG.) PLC. 58,651 - - 58,651 82,725 - 58,651
8 CUSTODIAN & ALLIED INSURANCE PLC. 122,354 65 - 122,419 n/a n/a 39,694
9 EQUITY ASSURANCE PLC. n/a n/a n/a n/a - - n/a
10 GNI INSURANCE PLC. 75,225 - - 75,225 n/a n/a 75,225
11 GOLDLINK INSURANCE PLC. n/a n/a n/a n/a 338,806 - n/a
12 GUARANTY TRUST ASSURANCE PLC. 374,033 - - 374,033 n/a n/a 35,227
13 GUINEA INSURANCE PLC. n/a n/a n/a n/a 1,902,513 - n/a
14 2,717,876
INDUSTRIAL AND GENERAL INSURANCE PLC - - 2,717,876 - - 815,363
15 INSURANCE PHB LIMITED 11,883 - - 11,883 n/a n/a 11,883
16 INTERCONTINENTAL WAPIC INSURANCE PLC.n/a n/a n/a n/a 306,000 - n/a
17 656,203
INTERNATIONAL ENERGY INSURANCE PLC. 38,735 - 694,938 n/a n/a 388,938
18 INVESTMENT & ALLIED ASSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
19 LASACO ASSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
20 LAW UNION & ROCK INSURANCE (NIG.) PLC n/a n/a n/a n/a 7,048,612 - n/a
21 LEADWAY ASSURANCE CO. LIMITED 7,504,563 - - 7,504,563 n/a n/a 455,951
22 LINKAGE ASSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
23 MUTUAL BENEFITS ASSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
24 N.E.M. INSURANCE PLC. n/a n/a n/a n/a n/a n/a n/a
25 NICON INSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
26 NIGER INSURANCE PLC. n/a n/a n/a n/a - - n/a
27 21,780
NIGERIAN AGRICULTURAL INS. CORPORATION - - 21,780 n/a n/a 21,780
28 OASIS INSURANCE PLC. n/a n/a n/a n/a - - n/a
29 OCEANIC INSURANCE CO. LIMITED 11,258 - - 11,258 - - 11,258
30 PRESTIGE ASSURANCE PLC. 27,645 - - 27,645 57,879 - 27,645
31 REGENCY ALLIANCE INSURANCE PLC 231,515 - - 231,515 n/a n/a 173,636
32 n/a
ROYAL EXCHANGE ASSURANCE NIGERIA PLC. n/a n/a n/a 109,690 - n/a
33 SOVEREIGN TRUST INSURANCE PLC 382,934 - - 382,934 n/a n/a 273,244
34 STANDARD ALLIANCE INSURANCE PLC n/a n/a n/a n/a - - n/a
35 STACO INSURANCE PLC 7,259 - - 7,259 n/a n/a 7,259
36 STERLING ASSURANCE NIGERIA LIMITED n/a n/a n/a n/a n/a n/a n/a
37 THE UNIVERSAL INSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
38 UNIC INSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
39 UNION ASSURANCE CO. LTD.LIMITED n/a n/a n/a n/a 34,750 - n/a
40 UNITRUST INSURANCE CO. LIMITED 63,704 - - 63,704 n/a n/a 28,954
41 UNITYKAPITAL ASSURANCE PLC n/a n/a n/a n/a n/a n/a n/a
42 FIN INSURANCE CO.LTD. LIMITED n/a n/a n/a n/a n/a n/a n/a
43 ZENITH GENERAL INSURANCE CO.LTD. n/a n/a n/a n/a n/a
TOTAL 12,941,266 39,335 - 12,980,601 10,104,978 - 2,875,623

2007 2006
Premium Premium
S/N Company 000 Rank S/N Company 000 Rank
1 LEADWAY ASSURANCE CO. LIMITED 7,504,563 1 1 NICON INSURANCE PLC 10,633,966 1
2 INDUSTRIAL AND GENERAL INSURANCE PLC 3,773,350 2
2 INDUSTRIAL AND GENERAL INSURANCE PLC 2,717,876 2 3 LEADWAY ASSURANCE CO. LIMITED 238,416 3
4 CUSTODIAN & ALLIED INSURANCE PLC 99,215 4
3 INTERNATIONAL ENERGY INSURANCE PLC 656,203 3
5 GUARANTY TRUST ASSURANCE PLC 55,761 5
4 AIICO INSURANCE PLC. 612,799 4 6 ANCHOR INSURANCE CO. LIMITED 18,947 6
7 INTERNATIONAL ENERGY INSURANCE PLC 18,894 7
5 SOVEREIGN TRUST INSURANCE PLC 382,934 5
8 INSURANCE PHB LLIMITED 14,888 8

6 GUARANTY TRUST ASSURANCE PLC 374,033 6 9 UNITRUST INSURANCE CO. LIMITED 13,495 9
10 NIGERIAN AGRICULTURAL INS. CORPORATION. 11,768 10
7 REGENCY ALLIANCE INSURANCE PLC 231,515 7
11 CRUSADER INSURANCE NIG.) PLC. 11,143 11
8 CUSTODIAN & ALLIED INSURANCE PLC 122,354 8 12 PRESTIGE ASSURANCE PLC. 5,924 12
9 GNI INSURANCE PLC 75,225 9
10 UNITRUST INSURANCE CO.LIMITED 63,704 10
11 CRUSADER INSURANCE (NIG.) PLC 58,651 11
12 A & G INSURANCE CO. LIMITED 29,602 12
13 PRESTIGE ASSURANCE PLC. 27,645 13
14 NIGERIAN AGRICULTURAL INSURANCE CORPORATION 21,780 14
15 CONSOLIDATED HALLMARK INSURANCE PLC 19,656 15
16 ANCHOR INSURANCE CO. LIMITED 12,326 16
17 INSURANCE PHB LIMITED 11,883 17
18 OCEANIC INSURANCE CO. LIMITED 11,258 18
19 STACO INSURANCE PLC 7,259 19
32
MEMBER COMPANIES RANKED IN ORDER OF PREMIUM FROM
OM THEIR DIRECT OIL AND GAS INSURANCE BUSINESS (2006-20
PREMIUM FROM DIRECT INSURANCE BUSINESS OF
MEMBER COMPANIES OF N.I.A. (1998-2007)
Direct business for this purpose is an insurance written by A comparison of 2006 and 2007 shows an increase in direct
the company itself, or co-insured with other companies or premium for all classes expect for Oil & Gas business.
sold through agents and brokers and do not include re-
insurance accepted locally and abroad. The total direct premium income for 2007 stood at N83.9
billion giving an increase of 25.04% over the preceding year
The table below shows the trend in premium income 2006.
receipts in direct business over a period of ten years,
1998 - 2007.
1998 - 2007 PREMIUM INCOMES FROM DIRECT BUSINESS

YEAR MOTOR FIRE GENERAL MARINE, WORKMEN’S MISCELLANEOUS, OIL TOTAL
ACCIDENT AVIATION & COMPENSATION & BURGLARY, &
TRANSIT EMPLOYER’S FIDELITY etc GAS
LIABILITY
’000 ’000 ’000 ’000 ’000 ’000 ’000 ’000
1998 5,437,232 2,606,545 1,471,534 3,421,117 203,679 2,470,901 - 15,611,008
1999 5,451,016 2,651,808 2,001,785 4,548,672 365,506 1,300,083 - 16,318,870
2000 6,495,989 3,158,263 2,623,911 3,749,464 509,987 4,218,304 - 20,755,918
2001 8,652,600 3,595,277 3,320,916 8,425,848 600,627 1,599,747 - 26,195,015
2002 10,597,924 4,597,591 4,524,492 13,264,604 908,901 1,688,125 - 35,581,637
2003 13,552,652 5,920,169 6,376,013 15,696,362 1,559,191 2,065,973 - 45,170,360
2004 14,817,789 7,248,868 8,509,887 20,824,683 694,300 4,385,106 - 56,480,633
2005 16,222,097 9,373,925 10,384,607 20,905,078 1,305,578 4,320,160 - 62,511,445
2006 16,895,928 9,633,228 11,764,034 7,721,532 914,830 5,320,587 14,895,767 67,145,906
2007 24,979,056 10,160,143 15,838,753 11,072,238 983,841 7,948,780 12,941,266 83,924,077
SOURCE: Returns made by member companies to NIA Note: All financial figures are in Naira.

UNDERWRITING PERFORMANCE OF MEMBER COMPANIES
(GROSS PREMIUM INCOME FROM 2003 - 2007)
GROSS GROSS GROSS GROSS GROSS

PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM
2003 2004 2005 2006 2007
S/N NAME OF COMPANY ’000 ’000 ’000 000 000
1 LEADWAY ASSURANCE CO. LIMITED 2,904,193 3,875,974 4,528,803 5,703,544 15,114,579

2 INDUSTRIAL AND GENERAL INSURANCE PLC 2,894,177 4,125,285 4,571,456 6,187,451 7,106,929
3 AIICO INSURANCE PLC. 1,723,200 2,356,794 2,931,822 3,030,486 4,675,776
4 INTERCONTINENTAL WAPIC INSURANCE PLC. 754,301 1,675,835 1,301,650 3,153,029 3,890,927
5 NIGER INSURANCE PLC. 1,875,685 2,104,629 2,311,460 3,138,806 3,874,220
6 ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC. 1,626,461 1,893,518 2,068,760 2,394,325 3,097,268
7 GOLDLINK INSURANCE PLC 1,129,293 1,687,582 1,967,806 2,614,579 2,992,816
8 STACO INSURANCE PLC 417,274 621,161 1,011,430 1,684,208 2,814,785
9 CORNERSTONE INSURANCE PLC 1,219,332 1,514,508 1,597,801 2,739,111 2,775,794
10 CUSTODIAN & ALLIED INSURANCE PLC 624,074 749,470 1,057,564 1,608,717 2,714,769
11 INTERNATIONAL ENERGY INSURANCE PLC 288,170 927,865 1,059,874 1,196,044 2,668,325
12 CRUSADER INSURANCE (NIG.) .PLC. 812,182 1,002,664 1,313,104 1,099,560 2,632,933
13 ZENITH INSURANCE CO. LIMITED n/a 117,689 632,443 1,294,254 2,599,972
14 N.E.M. INSURANCE PLC. 481,033 564,549 586,873 853,557 2,553,492
15 LAW UNION & ROCK INSURANCE (NIG.) PLC 877,146 729,932 1,106,408 1,332,582 2,509,752
16 SOVEREIGN TRUST INSURANCE PLC 859,129 951,156 1,022,284 1,443,457 2,487,755
17 UNITRUST INSURANCE CO. LIMITED 1,143,297 1,235,437 1,457,621 1,949,608 2,375,940
18 PRESTIGE ASSURANCE .PLC. 732,747 903,478 1,269,048 1,539,098 2,260,707
19 MUTUAL BENEFITS ASSURANCE PLC 638,000 818,868 1,011,993 1,947,638 2,210,284
20 STANDARD ALLIANCE INSURANCE PLC 1,029,018 1,108,288 1,273,943 1,674,539 2,120,134
21 GUARANTY TRUST ASSURANCE PLC 29,259 136,285 427,767 1,067,486 2,061,655
22 UNION ASSURANCE CO. LIMITED. 511,487 719,253 931,313 1,327,439 2,002,539
23 LASACO ASSURANCE PLC 561,473 691,500 957,844 1,600,543 1,838,344
24 LINKAGE ASSURANCE PLC. 850,950 1,350,953 1,105,792 836,509 1,787,510
25 OCEANIC INSURANCE CO. LIMITED 26,958 18,825 4,183 196,295 1,619,268
26 EQUITY ASSURANCE PLC 802,260 865,211 1,212,987 1,283,729 1,516,373
27 CONSOLIDATED HALLMARK INSURANCE PLC 13,136 274,159 394,998 508,368 1,506,299
28 A & G INSURANCE CO. LIMITED N/A 1,302,000 1,420,334 2,208,131 1,419,034
29 CAPITAL EXPRESS INSURANCE CO LIMITED. 116,466 153,709 337,852 840,783 1,376,788
30 REGENCY ALLIANCE INSURANCE PLC 187,645 232,693 573,089 671,916 1,210,787
31 ADIC INSURANCELIMITED 298,668 298,668 279,600 373,054 1,130,098
32 UNIC INSURANCE PLC 1,200,133 1,259,241 1,350,733 1,312,369 1,103,485
33 INSURANCE PHB LIMITED 639,519 855,101 772,042 674,781 1,099,036
34 STERLING ASSURANCE NIGERIA LIMITED 112,296 112,296 179,709 1,587,531 1,001,232
35 GNI INSURANCE PLC 698,229 728,178 651,698 425,252 748,216
36 AFRICAN ALLIANCE INSURANCE CO. LIMITED. 690,888 705,280 859,492 965,807 667,701
37 UNITY KAPITAL INSURANCE PLC 292,798 328,503 359,692 323,452 622,541
38 CRYSTALIFE ASSURANCE CO.LIMITED 161,214 200,066 300,369 288,694 563,821
39 FIN INSURANCE CO LIMITED 115,584 216,050 196,863 254,091 513,271
40 NIGERIAN AGRICULTURAL INS. CORPORATION 311,349 601,618 836,289 511,868 495,393
41 ANCHOR INSURANCE CO. LIMITED 45,909 105,179 137,819 1,299,356 480,701
42 STANDARD ALLIANCE LIFE ASSURANCE LIMITED 161,479 256,850 281,688 167,743 455,470
43 SPRING LIFE ASSURANCE PLC 153,224 573,052 380,983 451,273 434,117
44 THE UNIVERSAL INSURANCE PLC N/A N/A 103,667 674,559 428,568
45 UBA METROPOLITAN LIFE INSURANCE LIMITED N/A N/A 82,817 225,314 286,435
46 OASIS INSURANCE PLC 348,154 516,907 573,720 292,794 277,152
47 GUINEA INSURANCE PLC. 334,503 401,455 526,183 678,308 261,210
48 INVESTMENT & ALLIED ASSURANCE PLC 82,979 87,287 40,201 69,890 235,311
49 NICON INSURANCE PLC 15,759,437 17,061,567 15,816,859 14,856,047 n/a

(NET PREMIUM INCOME FROM 2003 - 2007)
NET NET NET NET NET

PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM
2003 2004 2005 2006 2007
S/N NAME OF COMPANY 000 000 000 000 000
1 A & G INSURANCE CO. LIMITED n/a n/a 1,096,742 2,002,928

1,409,159
2 ADIC INSURANCE LIMITED 259,251 234,616 240,499 336,132876,648
3 681,161
AFRICAN ALLIANCE INSURANCE CO. LIMITED n/a 849,096 945,908664,354
4 AIICO INSURANCE PLC. 1,291,844 3,145,225 643,224 2,574,433
4,088,404
5 ANCHOR INSURANCE CO. LIMITED 41,063 99,774 127,329 1,295,267475,383
6 CAPITAL EXPRESS INSURANCE CO.LTD.110,636 141,779 271,763 648,965
1,362,120
7 CONSOLIDATED HALLMARK INSURANCE PLC 6,821 230,849 349,724 473,423
1,444,161
8 CORNERSTONE INSURANCE PLC 978,248 1,255,805 1,233,854 1,989,917
2,400,739
9 CRUSADER INSURANCE (NIG.) PLC. 504,848 728,148 883,716 804,653
2,263,116
10 CUSTODIAN & ALLIED INSURANCE PLC 555,551 667,017 888,772 1,381,583
2,232,603
11 EQUITY ASSURANCE PLC 571,006 731,547 982,728 1,045,530
1,293,016
12 CRYSTALIFE ASSURANCE CO. LIMITED 143,627 173,436 273,391 248,516518,578
13 GNI INSURANCE PLC 629,369 676,054 552,693 425,252748,216
14 GOLDLINK INSURANCE PLC 1,055,387 1,385,241 2,020,065 2,358,413
2,762,267
15 INSURANCE PHB LIMITED 583,981 768,340 706,530 694,870665,429
16 GUARANTY TRUST ASSURANCE PLC 20,429 96,584 343,629 828,115
1,170,211
17 SPRING LIFE ASSURANCE PLC 137,793 528,600 338,879 420,190433,921
18 GUINEA INSURANCE PLC. 251,705 349,301 502,886 669,296244,808
19 1,827,989
INDUSTRIAL AND GENERAL INSURANCE PLC 1,935,654 2,022,122 2,285,919
4,408,365
20 INTERCONTINENTAL WAPIC INSURANCE659,141
PLC. 1,405,305 1,133,788 2,289,012
3,381,958
21 INTERNATIONAL ENERGY INSURANCE PLC 270,613 369,087 n/a 2,063,700
796,759
22 INVESTMENT & ALLIED ASSURANCE PLC 63,318 n/a 35,741 68,231201,982
23 UNITYKAPITAL INSURANCE PLC 229,251 295,583 329,381 253,821605,581
24 LASACO ASSURANCE PLC 501,514 n/a 933,879 1,491,225
1,537,522
25 542,548
LAW UNION & ROCK INSURANCE (NIG.) PLC 441,636 691,782 1,888,206
1,130,015
26 LEADWAY ASSURANCE CO. LIMITED 2,425,106 3,335,479 3,956,391 7,413,630
4,979,717
27 LINKAGE ASSURANCE PLC 746,508 1,143,700 1,034,839 1,471,928
703,752
28 MUTUAL BENEFITS ASSURANCE PLC - 816,868 1,001,752 2,084,487
1,839,552
29 N.E.M. INSURANCE .PLC. 397,009 497,929 506,569 2,501,802
818,272
31 NIGER INSURANCE PLC. 1,670,634 1,816,447 1,967,663 3,269,430
2,717,556
32 NIGERIAN AGRICULTURAL INS. CO.LTD. 222,818 n/a 494,322 511,869488,269
33 OASIS INSURANCE PLC 264,296 408,600 472,858 208,003256,887
34 OCEANIC INSURANCE CO. LIMITED 20,386 11,133 951 1,540,168
146,027
35 PRESTIGE ASSURANCE PLC. 364,179 373,906 627,968 1,180,858
889,602
36 REGENCY ALLIANCE INSURANCE PLC 88,313 82,867 382,867 556,805993,076
37 ROYAL EXCHANGE ASSURANCE (NIGERIA) 798,512
PLC. 1,013,658 1,357,436 2,091,729
1,741,675
38 SOVEREIGN TRUST INSURANCE PLC 682,462 821,738 881,666 2,017,650
1,141,407
39 STANDARD ALLIANCE INSURANCE PLC 883,787 1,010,578 1,171,761 1,914,481
1,612,541
40 STANDARD ALLIANCE LIFE ASS.LIMITED161,479 254,231 277,688 165,542449,345
41 STACO INSURANCE PLC 398,887 564,441 902,600 2,638,926
1,537,606
42 STERLING ASSURANCE NIGERIA LIMITED99,101 99,101 159,978 1,427,763968,900
43 THE UNIVERSAL INSURANCE PLC 6,167 42,011 100,420 650,800409,259
44 UBA METROPOLITAN LIFE INSURANCE LTD - - 64,784 225,314238,870
45 UNIC INSURANCE PLC 577,105 615,224 1,327,972 1,103,485
1,078,592
46 UNION ASSURANCE CO.LIMITED 349,589 557,915 653,140 1,474,724
976,636
47 UNITRUST INSURANCE CO. LIMITED 453,925 742,133 896,542 1,531,560
856,542
48 FIN INSURANCE CO. LIMITED 108,110 79,063 162,380 245,694492,725
49 ZENITH INSURANCE CO. LIMITED n/a 112,337 571,191 922,718982,378

(PROFIT BEFORE TAX FROM 2003 - 2007)
PROFIT PROFIT PROFIT PROFIT PROFIT
BEFORE BEFORE BEFORE BEFORE BEFORE
TAX TAX TAX TAX TAX
2003 2004 2005 2006 2007
1 A & G INSURANCE CO. LIMITED 442,991 622,627 576,926 721,733 797,282

2 ADIC INSURANCE LIMITED 54,919 54,919 (99,376) (175,612) 54,437
3 AFRICAN ALLIANCE INSURANCE CO. LIMITED - (1,789) (5,542) (4,778) 48,137
4 AIICO INSURANCE PLC. 204,221 74,789 86,947 348,799 (186,816)
5 ANCHOR INSURANCE CO. LIMITED (2,695) 4,544 (27,063) 1,041,597 72,476
6 CAPITAL EXPRESS INSURANCE CO. LIMITED 2,778 6,703 43,342 269,237 314,955
7 CONSOLIDATED HALLMARK INSURANCE (17,111)
PLC 29,553 65,223 87,335 237,090
8 CORNERSTONE INSURANCE PLC 179,302 240,513 303,685 231,969 386,583
9 CRUSADER INSURANCE CO.PLC. 100,905 200,054 310,281 348,387 1,582,294
10 CUSTODIAN & ALLIED INSURANCE PLC 122,374 206,997 331,081 641,409 1,056,222
11 EQUITY ASSURANCE PLC 96,530 159,719 238,828 163,448 498,705
12 CRYSTALIFE ASSURANCE CO. LIMITED 3,100 21,304 30,212 45,824 534,541
13 GNI INSURANCE PLC 152,327 92,979 (183,589) (519,651) 163,305
14 GOLDLINK INSURANCE PLC 83,009 132,072 527,214 581,621 666,048
15 INSURANCE PHB LIMITED 67,388 170,480 84,481 53,295 (232,246)
16 GUARANTY TRUST ASSURANCE PLC (14,380) (37,029) 16,050 383,663 1,100,456
17 SPRING LIFE ASSURANCE PLC (2,376) 63,256 101,936 (3,922) (187,234)
19 INDUSTRIAL AND GENERAL INSURANCE324,209
PLC 376,740 620,431 975,647 2,703,086
20 INTERCONTINENTAL WAPIC INSURANCE 277,290
PLC. 357,857 323,587 922,370 807,035
21 INTERNATIONAL ENERGY INSURANCE (27,028)
PLC 148,386 246,145 177,640 910,408
22 INVESTMENT & ALLIED ASSURANCE PLC 4,603 (8,259) 23,729 54,451 344,202
23 UNITYKAPITAL INSURANCE PLC 70,839 50,476 61,369
24 LASACO ASSURANCE PLC 109,182 131,345 177,310 225,311 861,009
25 68,168
LAW UNION & ROCK INSURANCE (NIG.) PLC (16,661) 165,000 179,352 368,695
26 LEADWAY ASSURANCE CO. LIMITED 347,573 510,674 727,478 625,178 1,208,561
27 LINKAGE ASSURANCE PLC 240,571 369,922 (764,538) 76,361 304,809
28 MUTUAL BENEFITS ASSURANCE PLC 75,245 196,311 239,603 742,304 1,218,298
29 N.E.M. INSURANCE PLC. 61,010 74,918 5,404 13,596 470,656
30 NICON INSURANCE PLC 233,011 (5,453,111) (1,357,774) 2,431,793
31 NIGER INSURANCE PLC. 192,160 285,332 312,672 734,196 812,359
32 124,392
NIGERIAN AGRICULTURAL INS. CORPORATION 102,044 125,520 151,656 190,539
34 OCEANIC INSURANCE CO. LIMITED 4,914 1,716 (33,903) 795,509
35 PRESTIGE ASSURANCE PLC. 149,079 311,958 424,250 600,484 901,569
36 REGENCY ALLIANCE INSURANCE PLC 5,587 22,321 98,431 236,075 262,540
PLC. 308,576 171,908 (38,257) 678,695
38 SOVEREIGN TRUST INSURANCE PLC 128,226 132,962 175,165 268,515 407,869
39 STANDARD ALLIANCE INSURANCE PLC 111,302 148,619 235,417 300,610 444,292
40 (23,979)
STANDARD ALLIANCE LIFE ASS. LIMITED (36,499) 67,612 9,679 7,723
41 STACO INSURANCE PLC 78,931 142,348 303,574 546,905 868,177
42 STERLING ASSURANCE NIGERIA LIMITED (8,391) 6,973 14,299 177,083 261,829
43 THE UNIVERSAL INSURANCE PLC (9,103) (10,181) 22,899 414,365 275,201
44 UBA METROPOLITAN LIFE INSURANCE LIMITED - - - (202,335) (189,077)
45 UNIC INSURANCE PLC 260,707 206,894 249,539 275,904 409,524
46 UNION ASSURANCE CO. LIMITED 44,178 103,807 155,751 229,901 625,435
47 UNITRUST INSURANCE CO LIMITED 182,258 292,584 370,421 295,359 602,027
48 FIN INSURANCE CO. LIMITED 81,337 44,109 62,993 56,605 237,697
49 ZENITH INSURANCE CO. LIMITED (15,729) 8,188 132,172 273,584 920,200

(PROFIT AFTER TAX FROM 2003 - 2007)

AFTER AFTER AFTER AFTER AFTER
TAX TAX TAX TAX TAX
2003 2004 2005 2006 2007
1 A & G INSURANCE CO. LIMITED 453,198 600,138 546,869 669,026 749,498

2 ADIC INSURANCE LIMITED 52,147 52,147 101,850 (194,857) 38,578
3 AFRICAN ALLIANCE INSURANCE CO. LIMITED - (1,789) (5,542) (18,393) 2,825
4 AIICO INSURANCE PLC. 183,221 72,519 81,810 483,702 304,709
5 ANCHOR INSURANCE CO. LIMITED (3,707) 4,071 (28,943) 1,033,293 67,976
6 CAPITAL EXPRESS INSURANCE CO. LIMITED2,778 6,703 39,610 253,045 311,955
7 CONSOLIDATED HALLMARK INSURANCE PLC (20,759) 24,666 52,966 56,871 230,007
8 CORNERSTONE INSURANCE PLC 126,227 173,540 206,693 129,489 324,960
9 CRUSADER INSURANCE (NIG.) PLC. 88,810 180,596 277,783 315,057 1,446,931
10 CUSTODIAN & ALLIED INSURANCE PLC 108,591 182,052 282,952 576,148 916,952
11 EQUITY ASSURANCEPLC 86,640 142,719 220,328 144,567 445,041
12 CRYSTALIFE ASSURANCE CO. LIMITED 2,800 17,840 28,047 37,485 500,132
13 GNI INSURANCE CO.LTD.PLC 117,089 71,329 (183,047) (155,355) 90,249
15 INSURANCE PHB LIMITED 46,977 165,610 56,037 37,701 (251,841)
16 GUARANTY TRUST ASSURANCE PLC (14,489) (40,268) 27,379 294,432 821,242
17 SPRING LIFE ASSURANCE PLC (4,105) 56,926 95,002 (31,487) (200,951)
19 INDUSTRIAL AND GENERAL INSURANCE PLC233,950 281,981 517,000 833,731 2,337,265
20 243,990
INTERCONTINENTAL WAPIC INSURANCE PLC. 328,235 239,813 701,121 533,331
21 INTERNATIONAL ENERGY INSURANCE PLC (29,278) 117,886 196,945 139,274 752,602
22 INVESTMENT & ALLIED ASSURANCE PLC 3,684 (9,354) 20,261 41,025 304,656
23 UNITYKAPITAL INSURANCE PLC 58,757 42,661 59,245 n/a n/a
24 LASACO ASSURANCE PLC 108,558 97,552 141,389 171,531 678,111
25 LAW UNION & ROCK INSURANCE (NIG.) PLC56,214 (235,251) 152,368 164,633 311,279
27 LINKAGE ASSURANCE PLC 204,485 314,434 (775,779) 71,519 273,988
29 N.E.M. INSURANCE PLC. 45,829 54,629 (2,267) 8,772 399,808
30 NICON INSURANCE PLC 233,011 5,482,339 1,384,389 1,693,254 n/a
32 45,701
NIGERIAN AGRICULTURAL INS. CORPORATION. 102,044 125,520 151,656 190,539
34 OCEANIC INSURANCE CO. LIMITED 3,342 1,510 (50,776) 610,612
37 ROYAL EXCHANGE ASSURANCE (NIGERIA)217,138
PLC. 258,722 133,549 178,712 543,645
39 STANDARD ALLIANCE INSURANCE PLC 106,440 117,574 198,818 253,103 416,970
40 (24,246)
STANDARD ALLIANCE LIFE ASSURANCE LIMITED (36,694) 66,504 7,034 6,537
41 STANDARD TRUST ASSURANCE PLC 74,242 124,410 266,739 491,462 757,982
42 STERLING ASSURANCE NIGERIA LIMITED (11,100) 6,225 11,707 120,416 250,897
43 THE UNIVERSAL INSURANCE PLC (9,147) (12,281) 18,774 330,222 209,438
44 UBA METROPOLITAN LIFE INSURANCE LIMITED - - - - -
46 UNION ASSURANCE CO. LIMITED 29,822 70,680 109,160 151,432 540,135
47 UNITRUST INSURANCE CO. LIMITED 121,905 196,459 248,063 161,937 161,937
49 ZENITH INSURANCE CO. LIMITED (15,729) 4,005 96,073 182,505 718,788

(UNDERWRITING PROFIT & LOSS FROM 2003 - 2007)
UNDERWRITING UNDERWRITING UNDERWRITING UNDERWRITING UNDERWRITING

2003 2004 2005 2006 2007
1 A & G INSURANCE CO. LIMITED 617,401 799,554 687,841 1,121,600 1,281,794

2 ADIC INSURANCE LIMITED 64,524 n/a n/a 79,231 247,545
3 AFRICAN ALLIANCE INSURANCE CO. LIMITED - 60,951 71,671 - -
4 AIICO INSURANCE PLC. 204,221 n/a 86,947 348,799 n/a
5 ANCHOR INSURANCE CO. LIMITED - 12,046 1,049,812 54,356
6 CAPITAL EXPRESS INSURANCE CO. LIMITED 45,733 (18,500) 168,830 412,131 626,618
7 CONSOLIDATED HALLMARK INSURANCE PLC 8,716 118,029 193,661 274,468 585,625
8 CORNERSTONE INSURANCE PLC 112,165 175,490 253,479 926,252 1,220,015
9 CRUSADER INSURANCE (NIG.) PLC. 133,126 160,912 219,244 149,028 524,716
10 CUSTODIAN & ALLIED INSURANCE PLC 225,026 333,321 534,988 761,162 1,080,711
11 EQUITY ASSURANCE PLC 62,956 120,125 210,011 123,645 293,361
12 CRYSTALIFE ASSURANCE CO. LTD.LIMITED - - - - -
13 GNI INSURANCE PLC 101,363 93,935 (12,149) 75,824 288,041
15 INSURANCE PHB LIMITED 290,063 517,547 519,971 527,011 397,632
16 GUARANTY TRUST ASSURANCE PLC 10,484 74,758 229,526 344,881 554,727
17 SPRING LIFE ASSURANCE PLC 43,262 249,547 248,838 210,775 -
19 INDUSTRIAL AND GENERAL INSURANCE PLC 144,718 273,699 123,074 1,124,395 2,101,365
20 INTERCONTINENTAL WAPIC INSURANCE PLC. n/a 528,421 523,758 1,162,729 1,247,739
21 INTERNATIONAL ENERGY INSURANCE PLC159,322 409,848 248,115 369,122 1,229,499
22 INVESTMENT & ALLIED ASSURANCE PLC 33,140 n/a 32,193 44,745 148,449
23 UNITYKAPITAL INSURANCE PLC (2,899) 167,409 183,045 n/a n/a
24 LASACO ASSURANCE PLC 98,202 341,935 453,482 664,506 1,005,486
25 LAW UNION & ROCK INSURANCE (NIG.) PLC 96,182 32,045 295,381 289,285 654,131
26 LEADWAY ASSURANCE CO. LIMITED 557,675 1,707,621 1,843,908 2,305,123 2,760,353
27 LINKAGE ASSURANCE PLC 158,845 381,340 242,947 147,014 496,679
28 MUTUAL BENEFITS ASSURANCE PLC n/a n/a 248,412 748,186 1,271,338
32 NIGERIAN AGRICULTURAL INS. CORPORATION - 67,781 81,587 63,857 10,167
33 OASIS INSURANCE COMPANY PLC 120,096 215,911 226,034 106,791 175,377
34 OCEANIC INSURANCE CO. LIMITED n/a n/a 316 25,917 980,906
35 PRESTIGE ASSURANCE PLC. n/a 213,666 350,528 483,957 705,446
36 REGENCY ALLIANCE INSURANCE PLC (745) 55,077 102,613 270,962 670,661
37 ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC.14,888 35,530 57,620 462,163 847,437
39 STANDARD ALLIANCE INSURANCE PLC 454,194 590,995 829,732 983,270 1,250,312
40 STANDARD ALLIANCE LIFE ASS. LTD. 4,827 - - - -
41 STACO INSURANCE PLC 155,450 255,908 506,051 739,225 1,554,351
42 STERLING ASSURANCE NIGERIA LIMITED 14,818 21,202 42,915 180,410 277,797
43 THE UNIVERSAL INSURANCE PLC n/a n/a 105,592 244,206 390,897
44 UBA METROPOLITAN LIFE INSURANCE LTD - - 30,866 33,050 180,801
45 UNIC INSURANCE PLC 24,470 (6,008) (143,574) 127,099 57,011
46 UNION ASSURANCE CO. LIMITED n/a 191,499 342,739 557,980 803,907
49 ZENITH INSURANCE CO. LIMITED (2,816) 123,917 507,681 1,339,999

SHARE CAPITAL OF COMPANIES
SHARE CAPITAL SHARE CAPITAL SHARE CAPITAL SHARE CAPITAL SHARE CAPITAL
@ DECEMBER @ DECEMBER @ DECEMBER @ DECEMBER @ DECEMBER
2003 2004 2005 2006 2007
1 A & G INSURANCE CO. LIMITED 500,000 500,000 600,000 2,760,889 3,000,000

2 ADIC INSURANCE LIMITED 200,000 384,208 420,753 2,406,545 3,760,908
3 20,000
AFRICAN ALLIANCE INSURANCE CO. LIMITED 150,000 150,000 150,000 150,000
4 AIICO INSURANCE PLC. 350,000 350,000 700,000 1,332,765 1,873,757
5 ANCHOR INSURANCE CO.LTD. LIMITED 384,245 400,000 400,000 400,000 2,200,000
6 150,000
CAPITAL EXPRESS INSURANCE CO. LIMITED 350,000 350,000 1,817,431 2,000,000
7 CONSOLIDATED HALLMARK INSURANCE 250,000
PLC 250,000 300,000 665,155 3,000,000
8 CORNERSTONE INSURANCE PLC 378,000 557,768 982,274 2,160,903 4,410,005
9 CRUSADER INSURANCE (NIG.) PLC. 352,546 425,635 492,234 492,234 1,994,710
10 CUSTODIAN & ALLIED INSURANCE PLC 250,000 380,000 750,000 1,695,834 2,000,000
11 EQUITY ASSURANCE PLC 206,097 278,317 442,656 590,209 3,853,941
12 CRYSTALIFE ASSURANCE CO. LIMITED 24,696 172,311 218,607 259,990 2,500,000
14 GOLDLINK INSURANCE PLC 360,000 1,000,000 2,395,000 3,396,316 3,735,947
16 GUARANTY TRUST ASSURANCE PLC 100,064 500,000 500,000 4,842,593 1,500,000
17 SPRING LIFE ASSURANCE PLC 350,000 350,000 350,000 1,500,000 1,500,000
18 GUINEA INSURANCE PLC. 120,000 360,000 360,000 210,000 2,550,000
19 INDUSTRIAL AND GENERAL INSURANCE PLC501,250 630,563 720,642 1,730,161 5,880,677
20 INTERCONTINENTAL WAPIC INSURANCE 416,667
PLC. 416,667 416,667 500,000 2,109,085
21 INTERNATIONAL ENERGY INSURANCE PLC 301,697 500,000 635,552 1,425,189 2,751,612
22 INVESTMENT & ALLIED ASSURANCE PLC 85,521 200,000 200,000 2,895,238 2,895,238
23 UNITYKAPITAL INSURANCE PLC 120,000 350,000 364,000 3,311,170
24 LASACO ASSURANCE PLC 210,000 359,565 500,000 604,910 3,601,717
25 100,000
LAW UNION & ROCK INSURANCE (NIG.) PLC 350,000 350,000 500,000 1,718,665
26 LEADWAY ASSURANCE CO. LIMITED 350,000 500,000 975,409 1,975,409 2,438,777
27 LINKAGE ASSURANCE CO.LTD.PLC 989,997 1,319,995 1,319,995 2,041,856 2,551,395
31 NIGER INSURANCE PLC. 400,000 500,000 750,000 1,580,330 1,975,413
32 200,000
NIGERIAN AGRICULTURAL INS. CORPORATION 200,000 200,000 200,000 200,000
33 OASIS INSURANCE PLC 350,000 350,000 545,416 695,415 2,501,753
34 OCEANIC INSURANCE CO. LIMITED n/a 200,000 200,000 3,000,000 5,000,000
36 REGENCY ALLIANCE INSURANCE PLC 102,000 350,000 350,000 350,000 1,075,000
PLC. 533,935 800,903 800,903 1,679,949
38 SOVEREIGN TRUST INSURANCE PLC 353,500 433,729 510,995 1,185,458 2,168,232
39 STANDARD ALLIANCE INSURANCE PLC 350,000 350,000 490,000 735,000 3,571,587
40 STANDARD ALLIANCE LIFE ASS. LIMITED 50,000 150,000 150,000 150,000 1,400,000
41 STACO INSURANCE PLC 99,000 300,000 607,550 2,144,739 2,414,739
42 STERLING ASSURANCE NIGERIA LIMITED176,740 252,495 252,495 2,616,144 2,718,126
43 THE UNIVERSAL INSURANCE PLC 16,000 400,000 400,000 3,000,000 8,000,000
44 UBA METROPOLITAN LIFE INSURANCELIMITED - - 150,000 150,000 500,000
45 UNIC INSURANCE PLC 397,600 397,600 397,600 1,291,148 1,291,148
46 UNION ASSURANCE CO. LIMITED 350,000 350,000 350,000 420,000 3,757,549
47 UNITRUST INSURANCE CO. LIMITED 650,000 660,000 750,000 1,975,458 2,783,021
48 FIN INSURANCE CO. LIMITED 144,522 200,000 225,000 225,000 3,000,000
49 ZENITH INSURANCE CO. LIMITED 45,000 500,000 600,000 1,450,000 3,450,000

GUINEA
ADVERT
SHAREHOLDERS’ FUND OF COMPANIES
SHAREHOLDERS’ SHAREHOLDERS’ SHAREHOLDERS’ SHAREHOLDERS’ SHAREHOLDERS’

FUND FUND FUND FUND FUND
2003 2004 2005 2006 2007
1 A & G INSURANCE CO. LIMITED 2,164,531 3,064,435 3,414,794 4,232,958 5,221,567

3 AFRICAN ALLIANCE INSURANCE CO. LIMITED 82,442 210,653 383,481 367,139 2,944,834
5 ANCHOR INSURANCE CO. LIMITED 321,505 342,441 316,580 1,393,225 3,448,610
6 CAPITAL EXPRESS INSURANCE CO. LIMITED 75,862 153,640 1,351,540 2,132,366 2,626,889
7 CONSOLIDATED HALLMARK INSURANCE PLC - - 432,170 900,734 3,736,648
8 CORNERSTONE INSURANCE PLC 712,701 1,321,874 1,551,289 3,963,843 6,732,442
9 CRUSADER INSURANCE (NIG.) PLC. 474,141 667,295 1,857,971 6,148,488 4,495,390
10 CUSTODIAN & ALLIED INSURANCE PLC 445,405 511,226 1,078,119 3,020,938 4,564,904
11 EQUITY ASSURANCE CO. LTD. 357,577 485,871 907,666 3,565,838 5,256,401
13 GNI INSURANCE PLC 795,023 816,015 2,157,534 5,967,390 6,059,241
14 GOLDLINK INSURANCE PLC 537,031 1,293,217 4,135,883 5,432,191 5,570,597
16 GUARANTY TRUST ASSURANCE PLC 346,322 450,649 3,101,255 5,334,791 6,298,657
18 GUINEA INSURANCE PLC. 173,981 493,685 523,898 532,402 3,513,186
19 INDUSTRIAL AND GENERAL INSURANCE PLC1,844,150 5,099,861 5,585,747 7,454,362 26,296,499
20 INTERCONTINENTAL WAPIC INSURANCE PLC. 795,994 919,481 1,014,076 9,304,540 8,906,143
21 INTERNATIONAL ENERGY INSURANCE PLC 336,468 618,609 717,268 1,896,923 10,885,060
22 INVESTMENT & ALLIED ASSURANCE PLC
23 UNITYKAPITAL INSURANCE PLC
24 LASACO ASSURANCE PLC 617,663 1,195,516 1,340,304 1,515,448 6,086,097
25 LAW UNION & ROCK INSURANCE (NIG.) PLC 351,376 648,876 1,042,461 1,207,094 3,980,515
27 LINKAGE ASSURANCE PLC 1,764,963 1,851,745 979,135 2,283,676 4,518,490
28 MUTUAL BENEFITS ASSURANCE PLC 414,201 519,774 1,977,708 4,035,689 8,997,967.00
30 NICON INSURANCE PLC 5,059,824 5,003,047 5,341,835 7,343,983
32 NIGERIAN AGRICULTURAL INS. CORPORATION350,194 2,996,849 3,104,173 2,990,516 3,181,056
33 OASIS INSURANCE PLC 432,618 505,257 666,835 735,026 3,464,996
34 OCEANIC INSURANCE CO. LIMITED 2,868,732 5,479,344
35 PRESTIGE ASSURANCE PLC. 774,426 1,187,825 1,420,552 3,617,356 4,681,919
36 REGENCY ALLIANCE INSURANCE PLC 397,016 413,464 601,030 1,514,029 3,703,897
37 ROYAL EXCHANGE ASSURANCE (NIGERIA)1,763,941
PLC. 2,493,244 2,727,588 3,207,594 11,916,356
38 SOVEREIGN TRUST INSURANCE PLC 515,135 654,314 806,352 1,590,361 3,477,753
39 STANDARD ALLIANCE INSURANCE PLC 633,655 1,432,283 1,669,509 1,641,118 6,338,452
40 STANDARD ALLIANCE LIFE ASSURANCE LIMITED(6,391) 62,360 185,928 165,919 2,012,603
41 STACO INSURANCE PLC 214,568 485,779 945,920 3,323,060 4,375,902
42 STERLING ASSURANCE NIGERIA LIMITED 120,539 202,519 214,226 3,123,080 3,667,640
43 THE UNIVERSAL INSURANCE PLC 160,517 1,405,234 4,391,893 7,397,443 9,434,462
44 UBA METROPOLITAN LIFE INSURANCE LTD. - - 150,647 73,934 1,725,211
45 UNIC INSURANCE PLC 811,988 940,835 1,191,725 4,708,851 4,708,851
46 UNION ASSURANCE CO. LIMITED 450,749 565,149 706,463 1,189,989 5,717,636
47 UNITRUST INSURANCE CO.LTD. LIMITED 2,548,636 4,497,132
48 FIN INSURANCE CO. LIMITED 282,783 285,682 331,427 339,335 3,398,278
49 ZENITH INSURANCE CO. LIMITED 2,780 504,005 700,077 6,148,373 9,293,777

TOTAL ASSETS OF MEMBER COMPANIES
TOTAL TOTAL TOTAL TOTAL TOTAL

ASSETS ASSETS ASSETS ASSETS ASSETS
2003 2004 2005 2006 2007
1 A & G INSURANCE CO. LIMITED 2,853,049 4,276,486 4,618,294 5,207,789 6,020,581

3 1,107,957 1,059,740
AFRICAN ALLIANCE INSURANCE CO. LIMITED 1,464,302 1,510,592 4,058,490
5 ANCHOR INSURANCE CO. LIMITED 524,052 520,984 504,976 2,563,913 3,549,968
6 362,898
CAPITAL EXPRESS INSURANCE CO. LIMITED 645,986 1,548,350 2,801,742 4,431,733
PLC 336,270 630,673 1,148,297 4,651,673
8 CORNERSTONE INSURANCE PLC 8,819,909 5,820,767 2,519,565 5,820,767 8,819,909
9 CRUSADER INSURANCE (NIG.) PLC. 3,634,431 4,671,786 7,177,688 10,327,142 13,015,675
10 CUSTODIAN & ALLIED INSURANCE PLC 5,596,537 3,966,943 2,180,619 5,596,537 5,664,176
11 EQUITY ASSURANCE PLC 760,795 979,361 1,560,473 4,189,866 6,218,191
13 GNI INSURANCE CO. LIMITED 2,410,316 3,155,790 4,039,326 6,931,183 6,882,672
14 GOLDLINK INSURANCE PLC 1,396,196 2,421,462 5,453,703 6,880,731 7605529
15 INSURANCE PHB LIMITED 795,139 1,225,118 1,144,873 977,080 3,571,876
16 GUARANTY TRUST ASSURANCE PLC 372,508 612,222 3,361,272 6,181,642 7,975,943
18 GUINEA INSURANCE PLC. 448,807 879,817 974,921 1,324,642 4,053,981
19 INDUSTRIAL AND GENERAL INSURANCE 7,032,083
CO. LTD.10,774,952 12,522,890 14,750,743 34,042,984
20 INTERCONTINENTAL WAPIC INSURANCE 1,577,020
PLC. 2,688,403 2,641,527 11,619,082 12,127,868
21 INTERNATIONAL ENERGY INSURANCE 521,791
PLC 872,783 911,876 2,848,623 12,545,069
22 INVESTMENT & ALLIED ASSURANCE PLC 3,106,119 7,435,974
23 UNIT KAPITAL INSURANCE PLC
24 LASACO ASSURANCE PLC 2,194,423 2,770,829 8,626,490
25 LAW UNION & ROCK INSURANCE (NIG.)1,148,220
PLC 1,493,659 1,902,513 4,868,183 5,146,161
27 LINKAGE ASSURANCE PLC 2,998,229 3,354,157 2,455,873 3,214,190 7,290,090
28 MUTUAL BENEFITS ASSURANCE PLC 1,034,707 1,293,027 2,911,012 5,164,930 9,948,002
29 N.E.M. INSURANCE PLC. 657,175 1,077,523 732,062 1,022,814 5,158,799
30 NICON INSURANCE PLC 29,382,865 30,984,243 32,437,320 33,664,583
32 630,914 3,274,615
NIGERIAN AGRICULTURAL INS. CORPORATION 3,463,820 3,410,675 3,620,519
33 OASIS INSURANCE PLC 750,431 925,439 1,177,463 1,051,037 3,733,957
34 OCEANIC INSURANCE CO. LIMITED 3,040,660 6,866,564
35 PRESTIGE ASSURANCE PLC. 1,069,699 1,490,910 1,730,033 4,835,000 6,284,404
36 REGENCY ALLIANCE INSURANCE PLC. 2,039,233 4,321,794
37 ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC. 5,321,341
4,024,041 5,418,611 6,041,541 15,582,117
38 SOVEREIGN TRUST INSURANCE PLC 919,621 1,078,766 1,311,628 2,235,179 3,959,216
39 STANDARD ALLIANCE INSURANCE PLC 1,277,037 2,114,707 2,376,938 3,162,209 7,388,446
40 STANDARD ALLIANCE LIFE ASS. LIMITED317,480 464,199 624,942 737,308 3,054,320
41 STANDARD TRUST ASSURANCE PLC 1,436,882 4,269,047 6,636,272
42 STERLING ASSURANCE NIGERIA LIMITED 303,358 3,786,477 4,294,911
43 THE UNIVERSAL INSURANCE PLC 194,368 1,669,443 5,976,324 7,789,178
44 UBA METROPOLITAN LIFE INSURANCE LIMITED - - 804,403 532,446 2,262,902
45 UNIC INSURANCE PLC 2,237,404 3,442,305 3,631,692 7,376,588 6,973,151
46 UNION ASSURANCE CO. LIMITED 865,009 1,093,357 1,424,240 2,295,860 7,203,610
47 UNITRUST INSURANCE CO. LIMITED 4,632,678 6,214,546
48 FIN INSURANCE CO. LIMITED 446,111 445432 461,119 554,511 4,006,026
49 ZENITH INSURANCE CO. LIMITED 35,879 596,898 1,115,774 6,732,026 435,721

INVESTMENT INCOME AND MANAGEMENT EXPENSES OF COMPANIES
INVESTMENT INVESTMENT INVESTMENT MANAGEMENT MANAGEMENT MANAGEMENT

INCOME INCOME INCOME EXPENSES EXPENSES EXPENSES
2005 2006 2007 2005 2005 2005
S/N NAME OF COMPANY 000 000 000 000 000 000
1 A & G INSURANCE CO. LIMITED 176,719 11,851 10,549 212,509 197,417 160,011
2 ADIC INSURANCE LIMITED 24,885 98,415 174,815 165,492 237,385 274,975
3 185,797 141,855
AFRICAN ALLIANCE INSURANCE CO. LIMITED 450,965 261,456 251,373 289,130
4 AIICO INSURANCE PLC. 210,872 385,366 576,233 1,191,484 1,105,700 1,435,129
5 ANCHOR INSURANCE CO. LIMITED 8,562 62,886 54,389 79,717 67,858 377,563
6 6,438
CAPITAL EXPRESS INSURANCE CO. LIMITED 74,076 625,000 138,584 202,927 374,298
PLC 68,866 164,317 135,974 146,554 469,708
8 CORNERSTONE INSURANCE PLC 104,656 271,280 545800 177,218 763,017 904,815
9 CRUSADER INSURANCE (NIG.) PLC. 361,409 462,158 905,220 368,839 405,092 537,352
10 CUSTODIAN & ALLIED INSURANCE PLC44,106 276,414 662,320 231,617 349,630 534,913
11 EQUITY ASSURANCE PLC 28,817 39,803 205,345 393,303 458,745 398,420
12 CRYSTALIFE ASSURANCE CO. LIMITED 30,101 45,401 552,919 77,284 97,456 18,557
14 GOLDLINK INSURANCE PLC 112,780 118,732 189,724 366,096 466,315 582,551
15 INSURANCE PHB LIMITED 42,117 66,737 50,844 213,099 257,359 487,955
16 GUARANTY TRUST ASSURANCE PLC 28,977 395,236 1,345,904 253,627 433,361 886,966
17 SPRING LIFE ASSURANCE PLC 38,587 53,181 154,976 125,183 278,080 221,592
18 GUINEA INSURANCE PLC. 17,693 15,310 53,989 233,217 185,942 142,003
19 INDUSTRIAL AND GENERAL INSURANCE 497,356
PLC 1,055,680 2,616,973 168,728 445,488 2,434,804
20 157,807
INTERCONTINENTAL WAPIC INSURANCE PLC. 283,859 413,728 296,988 524,219 854,432
21 INTERNATIONAL ENERGY INSURANCE PLC 220,867 253,742 751,921
22 INVESTMENT & ALLIED ASSURANCE PLC 36,671 87,276 438,100 45,886 164598
23 UNITYKAPITAL INSURANCE PLC
24 LASACO ASSURANCE PLC 12,618 31,309 841731 263,642 362,249 367,827
PLC 150,248 174,351 207,497 291,100 415,572
26 LEADWAY ASSURANCE CO. LIMITED 885,758 814,476 1,446,143 962,830 1,446,120 1,376,937
27 LINKAGE ASSURANCE PLC 173,832 144,920 529,680 402,403 357,959 651,378
28 MUTUAL BENEFITS ASSURANCE PLC 26,981 89,470 515,763 344,802 336,030 448,296
29 N.E.M. INSURANCE PLC. 26,469 82,875 91,937 150,035 178,666 829,085
30 NICON INSURANCE PLC 417,293 710,290 2,478,402 1,632,339
31 NIGER INSURANCE PLC. 390,955 507,127 941,664 1,147,096
32 42,316
NIGERIAN AGRICULTURAL INS. CORPORATION 66,579 68,008 201,833 291,523 -
33 OASIS INSURANCE PLC 97,810 79,694 183,653 122,948 129,813 155,252
34 OCEANIC INSURANCE CO. LIMITED 47,916 225,146 107,736 346,532
35 PRESTIGE ASSURANCE PLC. 387,470 488,677 752,787 264,337 321,799 467,311
36 REGENCY ALLIANCE INSURANCE PLC 48,360 61,389 113,214 52,541 96,276 520,913
37 197,033
ROYAL EXCHANGE ASSURANCE( NIGERIA) PLC. 224,223 579,404 1,193,354 1,863,341 1,782,267
38 SOVEREIGN TRUST INSURANCE PLC 52,498 86,774 193,246 323,193 371,681 629,091
39 STANDARD ALLIANCE INSURANCE PLC41,520 65,413 84,478 468,380 545,375 775,316
40 STANDARD ALLIANCE LIFE ASS. LTD. 126,285 85,306 103,431 95,559 127,907 344,668
41 STACO INSURANCE PLC 21,593 96,476 207,054 203,807 269,626 893,228
42 STERLING ASSURANCE NIGERIA LIMITED22,696 163,466 218853 32,932 118,358 192,800
43 THE UNIVERSAL INSURANCE PLC 55,400 250,000 108,935 84,700 82,010 224,631
44 UBA METROPOLITAN LIFE INSURANCE LIMITED- 92,377 209,663 47,574 127,036 492,259
46 UNION ASSURANCE CO. LIMITED 89,431 90,837 435,721 218,848 254,398 346,049
47 UNITRUST INSURANCE CO. LIMITED 220,650 332,078 166,978 256,726
48 FIN INSURANCE CO. LIMITED 26,465 20,971 57,679 29,251 29,537 185,276
49 ZENITH INSURANCE CO. LIMITED 35,229 78,057 280,864 134,476 312,155 400,430

2007 2007 2007 2007 2007 2007 2007 2007 2007 2007
GROSS GROSS GROSS GROSS GROSS GROSS GROSS GROSS GROSS TOTAL
PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM GROSS MARKET
FIRE ACCIDENT MOTOR WORKMEN’S COM MARINE OIL & GAS MISCELLANEOUS NON-LIFE LIFE PREMIUM SHARES
S/N NAME OF COMPANIES =N=000 =N=000 =N=000 =N=000 =N=000 =N=000 =N=000 =N=000 =N=000 =N=000 % CUMMULATIVE
1 LEADWAY ASSURANCE CO.LIMITED 1,046,338 1,333,798 2,375,869 76,310 913,226 7,504,563 703,250 13,953,354 1,161,225 15,114,579 15.02% 15.02%
2 INDUSTRIAL AND GENERAL INSURANCE PLC 215,268 485,516 728,361 - 714,130 2,717,876 567,682 5,428,833 1,678,096 7,106,929 7.06% 22.08%
3 AIICO INSURANCE PLC. 332,282 181,360 430,515 50,512 412,638 612,799 - 2,020,106 2,655,670 4,675,776 4.65% 26.73%
4 INTERCONTINENTAL WAPIC INSURANCE PLC. 372,662 849,095 1,186,923 - 751,718 - 280,327 3,440,725 450,202 3,890,927 3.87% 30.60%
5 NIGER INSURANCE PLC. 362,016 112,312 769,102 42,412 213,369 - 990,370 2,489,581 1,384,639 3,874,220 3.85% 34.45%
6 ROYAL EXCHANGE ASSURANCE ( NIGERIA) PLC. 600,380 159,220 769,575 140,221 349,420 - 660,936 2,679,752 417,516 3,097,268 3.08% 37.53%
7 GOLDLINK INSURANCE PLC 294,071 769,423 1,224,088 - 263,961 - - 2,551,543 441,273 2,992,816 2.97% 40.50%
8 STACO INSURANCE PLC 336,121 647,888 1,220,739 129,044 361,703 7,259 112,031 2,814,785 - 2,814,785 2.80% 43.30%
9 CORNERSTONE INSURANCE PLC 188,412 588,110 1,252,408 - 602,302 - - 2,631,232 144,562 2,775,794 2.76% 46.06%
10 CUSTODIAN & ALLIED INSURANCE PLC 561,907 294,383 965,039 133,992 498,743 122,419 138,286 2,714,769 - 2,714,769 2.70% 48.76%
11 INTERNATIONAL ENERGY INSURANCE PLC 314,273 740,975 532,652 24,323 361,164 694,938 - 2,668,325 - 2,668,325 2.65% 51.41%
12 CRUSADER INSURANCE (NIG.) PLC. 263,349 204,664 585,081 - 365,187 58,651 57,220 1,534,152 1,098,781 2,632,933 2.62% 54.02%
13 N.E.M. INSURANCE PLC 280,657 721,015 1,207,886 - 343,934 - - 2,553,492 - 2,553,492 2.54% 56.56%
14 LAW UNION & ROCK INSURANCE (NIG.) PLC 595,051 128,634 734,768 70,620 111,371 - 869,308 2,509,752 - 2,509,752 2.49% 59.06%

15 SOVEREIGN TRUST INSURANCE PLC 203,683 602,995 858,556 106,411 290,628 382,934 42,548 2,487,755 - 2,487,755 2.47% 61.53%
16 ZENITH INSURANCE CO. LIMITED 310,293 695,651 692,858 - 625,070 - 130,100 2,453,972 146,000 2,599,972 2.58% 64.11%
17 UNITRUST INSURANCE CO. LIMITED 391,266 275,134 729,700 - 288,095 63,704 625,896 2,373,795 2,145 2,375,940 2.36% 66.47%
18 PRESTIGE ASSURANCE PLC 920,801 495,066 239,912 119,574 319,891 27,645 137,818 2,260,707 - 2,260,707 2.25% 68.72%
19 MUTUAL BENEFITS ASSURANCE PLC 249,290 620,370 562,888 - 232,121 - - 1,664,669 545,615 2,210,284 2.20% 70.92%
20 STANDARD ALLIANCE INSURANCE PLC 121,156 442,992 830,035 - 336,524 - 389,427 2,120,134 - 2,120,134 2.11% 73.02%
21 GUARANTY TRUST ASSURANCE PLC 234,018 267,046 534,600 - 221,513 374,033 147,217 1,778,427 283,228 2,061,655 2.05% 75.07%
22 UNION ASSURANCE CO. LIMITED 364,408 363,379 555,452 - 231,303 - - 1,514,542 487,997 2,002,539 1.99% 77.06%
23 LASACO ASSURANCE PLC 93,671 831,507 448,856 - 29,670 - - 1,403,704 434,640 1,838,344 1.83% 78.89%
24 LINKAGE ASSURANCE PLC 239,723 538,522 735,200 - 236,317 - 37,748 1,787,510 1,787,510 1.78% 80.67%
25 OCEANIC INSURANCE CO. LIMITED 151,365 140,649 514,629 - 297,501 11,258 152,365 1,267,767 351,501 1,619,268 1.61% 82.28%
26 EQUITY ASSURANCE PLC 181,604 482,623 664,788 - 187,358 - - 1,516,373 - 1,516,373 1.51% 83.78%
27 CONSOLIDATED HALLMARK INSURANCE PLC 114,913 480,342 678,444 - 136,882 19,656 76,062 1,506,299 - 1,506,299 1.50% 85.28%
28 A & G INSURANCE CO. LIMITED 55,648 476,336 80,385 - 707,854 30,137 68,674 1,419,034 - 1,419,034 1.41% 86.69%
29 CAPITAL EXPRESS INSURANCE CO.LIMITED - - - - - - - - 1,376,788 1,376,788 1.37% 88.06%
30 REGENCY ALLIANCE INSURANCE PLC 94,274 245,008 411,319 57,350 108,682 231,515 62,639 1,210,787 - 1,210,787 1.20% 89.26%
31 ADIC INSURANCE LIMITED 168,213 292,919 352,358 - 258,138 - - 1,071,628 58,470 1,130,098 1.12% 90.39%
32 UNIC INSURANCE PLC 11,694 28,390 56,921 - 23,834 - 871,230 992,069 111,416 1,103,485 1.10% 91.48%
33 INSURANCE PHB LIMITED 81,095 307,950 383,315 16,878 150,351 11,883 147,564 1,099,036 - 1,099,036 1.09% 92.57%
34 STERLING ASSURANCE NIGERIA LIMITED 209,810 400,747 305,858 - 84,817 - - 1,001,232 - 1,001,232 1.00% 93.57%
35 GNI INSURANCE PLC 96,374 176,579 175,329 - 51,685 75,225 32,847 608,039 140,177 748,216 0.74% 94.31%
36 AFRICAN ALLIANCE INSURANCE CO. LIMITED - - - - - - - - 667,701 667,701 0.66% 94.98%
37 UNITYKAPITAL ASSURANCE PLC 65,107 183,874 331,925 3,249 38,386 - - 622,541 - 622,541 0.62% 95.60%
38 CRYSTALIFE INSURANCE CO. LIMITED - - - - - - - - 563,821 563,821 0.56% 96.16%
39 FIN INSURANCE CO.LIMITED 24,729 59,590 293,167 - 17,318 - 118,467 513,271 - 513,271 0.51% 96.67%
40 NIGERIAN AGRICULTURAL INSURANCE CORPORATION 21,426 16,073 48,275 - 1,300 21,780 386,539 495,393 - 495,393 0.49% 97.16%
41 ANCHOR INSURANCE CO. LIMITED 41,650 115,563 293,031 13,098 5,033 12,326 - 480,701 - 480,701 0.48% 97.64%
42 STANADARD ALLIANCE LIFE ASSURANCE LIMITED - - - - - - - - 455,470 455,470 0.45% 98.09%
43 SPRING LIFE ASSURANCE PLC - - - - - - - - 434,117 434,117 0.43% 98.52%
44 THE UNIVERSAL INSURANCE PLC. 55,008 135,892 211,510 - 26,158 - - 428,568 - 428,568 0.43% 98.95%
45 UBA METROPOLITAN LIFE INSURANCE LIMITED - - - - - - - - 286,435 286,435 0.28% 99.23%
46 OASIS INSURANCE PLC 26,573 114,576 109,228 - 21,145 - - 271,522 5,630 277,152 0.28% 99.51%
47 GUINEA INSURANCE PLC. 28,467 100,515 74,219 - 58,009 - - 261,210 - 261,210 0.26% 99.77%
48 INVESTMENT & ALLIED ASSURANCE PLC 63,909 84,511 63,933 - 7,207 - 15,751 235,311 - 235,311 0.23% 100.00%
49 NICON INSURANCE PLC N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
44
TOTAL 10,382,955 16,191,192 25,219,697 983,994 11,255,655 12,980,601 7,822,302 84,836,397 15,783,115 100,619,511 100%
UNDERWRITING PERFORMANCE OF MEMBER COMPANIES BY CLASS OF BUSINESS
Gross Premium Income Of Insurance Companies
In Nigeria by Class of Business (1998 - 2007)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
CLASS OF
000 000 000 000 000 000 000 000 000 000
BUSINESS
2,784,213 2,760,684 3,445,550 3,697,246 4,751,655 6,076,097 7,335,994 9,578,785 9,816,720 10,382,955
FIRE (10.6) (12.5)
(14.6) (12.9) (12.3) (11.2) (10.7) (10.9) (11.9) 10.3
5,572,915 5,268,562 7,046,210 8,797,454 10,816,015 13,809,144 15,071,809 16,484,517 17,107,755 25,219,697
MOTOR
(29.2) (24.6) (25.6) (26.6) (24.3) (24.7) (21.7) (21.6) (20.8) 25.1

4,377,652 3,776,047 7,953,683 5,648,636 7,310,288 10,232,577 13.819,477 16.307,327 11,945,443 16,191,192
GEN.
(23.0) (17.7) (28.7) (17.1) (16.4) (18.3) (19.9) (21.4) (14.5) 16.1
ACCIDENT
MARINE & 3,541,757 4,636,622 4,071,701 8,559,131 13,353,666 15,696,362 20,989,737 21,013,148 7,840,874 11,255,655
(18.6) (21.7) (14.8) (25.8) (30.0) (28.1) (30.2) (27.5) (9.5) 11.2
AVIATION
923,978 983,994
WORKMEN’S - - - - - - - - 1.0
COM.
(1.1)
14,907,423 12,980,601
- - - - - - - -
OIL & GAS (18.1) 12.9
5,392,563 7,822,302
MISC - - - - - - - - 7.8
(6.6)
1,611,684
OTHERS - - - - - - - -
(2.0)
LIFE 2,782,852 4,952,455 5,149,185 6,412,099 8,272,203 10,126,386 12,193,787 12,942,040 12,742,666 15,783,115
(14.6) (23.2) (18.6) (19.4) (18.6) (18.1) (17.6) (17.0) (15.5) 15.7
19,059,389 21,394,370 27,666,329 33,114,566 44,503,827 55,940,566 69,410,804 76,325,817 82,289,108 100,619,511
TOTAL
(100.0) (100.0) (100.0) (100.0) (100.0) (100.0) (100.0) (100.0) (100.0) 100.0
SOURCE: Returns made by member companies to NIA
NOTE: 1. All financial figures are in NIA
2. The figures in parenthesis are in percentages and each represents the proportionate share of that class in the total GPI for the particular year
General Accidents includes - Accounts, Burglary, Workmen’s Compensation and Miscellaneous Insurance business not else where classified\
45
3.
4. The class “OTHERS” denote data from member companies that did not break down their Gross Premium Income into individual classes.
GROSS PREMIUM INCOME (2003 - 2007)

46
Operating
Performance

LOSS RATIO OF FIRE INSURANCE BUSINESS (F.O.C.) MEMBER
(1998 - 2007)
Loss ratio refers to proportion of incurred losses relative to A comparison of the loss ratios for 2006 and 2007 shows an
earned premium in a year for a particular class of insurance. increase in the magnitude of some and decrease in others.
The ratio below as in other tables were calculated by using data The Implication of an increase is that the performance of fire
supplied by our member company based on their 1998 - 2007 Insurance business worsened in terms of claims for the
results.
particular company.
The ratios depicts the loss experiences of the Fire offices
Committee (F. O. C. ) of the N . I. A.
NO. COMPANY 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
1 UNIC INSURANCE PLC - - - - - - 46.2 (94.31)

2 GUARDIAN EXPRESS INS. CO. LTD. - 1.17 - 81.2 4.26 - - 30.3 -
3 STANDARD TRUST ASS. PLC - - - - - - - - 4.5 28.92
4 ADIC INSURANCE LIMITED 60.73 100.3 11.84 106.58 109.4 3.97 13.12 - 14.9 6.04
5 STERLING ASSURANCE NIG. LTD. - - - - - - - - 54.0 33.18
6 AIICO INSURANCE PLC 44.39 86.6 46.11 37.38 (27.2) 59.72 47.76 15.36 25.9 18.00
7 ANCHOR INS. CO. LTD 32.48 - 3.02 - - 9.33 8.12 35.49 (0.1) 11.99
8 INSURANCE PHB. - - - - - - - - 54.0 13.36
9 INDUSTRIAL AND GENERAL NS - - - - - - - - 26.3 5.19
10 INTERNATIONAL ENERGY INS. - - - - - - - - 2.0 3.35
11 UNION ASSURANCE - - - - - - - - 34.2 12.37
12 UNITRUST INSURANCE CO. LTD. - - - - - - - - 28.0 16.26
13 CORNERSTONE INS. PLC 0.0 - 11.67 58.95 27.1 25.84 50.5 12.95 37.0 10.81
14 ALLIANCE GEN. INS. CO. LTD. (11.69) 48.2 15.11 28.33 (1.23) - - 17.68 - 9.5
15 CRUSADER INS. CO. LTD. 2.69 9.0 77.73 136.94 26.2 236.43 98.63 8.99 - 12.43
16 CUSTODIAN AND ALLIED 9.54 9.1 23.45 51.57 7.3 18.43 - 28.88 32.8 22.74
17 FIN INSURANCE - - - - - - - - 5.2 2.61
18 EQUITY ASSURANCE PLC 0.0 - 19.08 - 14.0 16.24 33.7 13.02 33.8 62.46
19 PRESTIGE ASS.PLC . - - - - - - - - 3.8 2.64
20 ROYAL EXCHANGE ASS. PLC. - - - - - - - - 27.6 26.68
21 SOVEREIGN TRUST PLC. - - - - - - - - 45.5 30.51
22 STANDARD ALLIANCE INS.PLC - - - - - - - - 4.1 7.73
23 GOLDLINK INS. CO. LTD. 12.40 29.9 18.71 5.37 359.0 76.15 - 16.97 15.4 17.31
24 GOLD STANDARD INS. 0.0 (6.3) - 56.56 5.7 10.25 9.2 5.49 - -
25 GREAT NIG. INS. CO. LTD 2.22 34.9 21.85 - 14.5 28.08 41.27 27.60 40.0 51.33
26 GUINEA INS. PLC 0.0 51.9 11.36 26.30 (1.2) 6.30 - 8.22 0.2 1.77
27 GUARANTY TRUST ASS PLC (67.87) - 8.93 17.84 (93.1) 8.00 - 23.22 15.7 5.38
28 INDUSTRIAL &GENERAL 0.0 (15.2) (4.44) - (3.1) 2.06 15.46 13.64 7.6 5.19
29 INTER-CONTINENTAL ASS. 84.11 9.9 2.05 27.18 9.9 39.76 0.99 17.88 - -
30 INVESTMENT & ALLIED ASS 63.01 26.9 7.45 12.45 (57.2) 15.21 - - 3.2 68.55
31 UNITY KAPITAL INS. CO. LTD 0.0 225.9 14.23 - 6.1 10.08 10.92 24.44 5.9 1.64
32 LASACO ASS. PLC. 0.0 - (3.13) 16.29 (58.2) 32.59 - 52.34 122.2 45.20
33 LAW UNION & ROCK INS. PLC 34.29 58.0 66.05 0.37 8.0 50.57 22.02 17.04 18.9 22.71
34 LEADWAY ASS. CO. LTD. 23.83 61.3 18.34 75.30 66.1 82.65 41.57 42.38 52.7 39.18
35 LEXINGTON INTERNATIONAL 11.06 - - 106.91 - 9.84 - 14.32 - -
36 LINKAGE ASSURANCE CO 31.77 - 8.47 8.79 1.6 11.25 8.53 - 23.1 -
37 LISTER INSURANCE CO. LTD 0.0 - - - - - - - - -
38 LOMBARD ASS. CO. LTD. 35.93 38.6 (1.75) 35.69 - 128.57 - 44.08 - -
39 MARINE & GEN. INS. CO. LTD. 5.10 - - - - - - - - -
40 CONSOLIDATED HALLMARK 24.04 (8.1) (23.76) - - 0.54 - 0.13 9.1 18.58
41 MUTUAL BENEFIT INS. CO. 0.0 37.3 - - 5.2 25.85 0.07 74.35 8.4 7.21
42 NASAL INSURANCE CO. LTD. 0.0 (12.7) 70.12 24.67 38.5 16.20 - 6.24 - -
43 N. E. M. INSURANCE CO PLC 41.0 32.3 45.54 - 91.7 5.35 - 13.85 23.4 22.83
44 NEW LINE INSURANCE CO. 0.0 - 42.22 86.32 (2.9) 2.86 34.78 34.23 - -
45 NICON INSURANCE CORP. 30.44 22.7 24.19 100.23 23.5 18.26 13.79 26.56 85.5 -
46 OASIS I INSURANCE PLC - - - - - - - - 5.4 8.30
47 NIGERIAN AGRICULTURAL 0.0 6.2 8.71 - - 2.05 54.0 1.7 - 6.88
48 REGENCY ALLIANCE PLC . - - - - - - - - 40.0 19.27
49 ZENITH GENERAL IINS. CO. LTD. - - - - - - - 6.8 8.63
SOURCE:- Returns made to NIA by F. O. C Members

LOSS RATIO OF MARINE INSURANCE BUSINESS (M.O.C.) MEMBERS
(2005 - 2007)
Marine Insurance is concerned with the insurance of Ships, risk such as collision, Fire, theft, stranding and any loss
Freight and Cargo. It provides indemnity for loss or damage due to the perils of the sea and of fortuitous nature.
arising from maritime perils or perils of the sea.
The three major policies in marine insurance are Hull,
The purpose of marine insurance is to protect the owner of Cargo and Freight , and the loss ratios for these are
the relevant interest against losses following. shown below.
2005 LOSS RATIO 2006 LOSS RATIO 2007 LOSS RATIO

S/NO NAME OF COMPANY HULL CARGO HULL CARGO HULL CARGO
1. ADIC INSURANCE LIMITED - - - - - 36.78

2. AIICO INSURANCE PLC - - - - - 6.5
3. ALLIANCE & GENERAL INS. CO. - - - - - 0.09
4. CORNERSTONE INS. PLC - - - - - 5.59
5. CUSTODIAN & ALLIED INS. CO. 0.09 10.7 - - - 4.49
6. GOLDLINK INSURANCE CO.LTD. - - - - - 29.38
7. GREAT NIGERIA INSURANCE CO.LTD - - - - - 1.67
8. GUINEA INS. PLC - - - - - 0.58
9. INVESTMENT & ALLIANCE INS. CO LTD - - - - - 87.01
10. UNITYKAPITAL INSURANCE CO. LTD. - - - - - 0.04
11. LAW UNION & ROCK INS. - - - - - 48.67
12. LASACO INSURANCE PLC 6.60 30.77 - - - (3.17)
13. LEADWAY ASS. CO. LTD. - - - - - 25.55
14. N.E.M. INSURANCE PLC - - - - - 18.82
15. NICON INSURANCE PLC - - - - - -
16. NIGER INSURANCE PLC - - - - - 15.53
17. PRESTIGE INSURANCE CO. - - - - - 18.68
18. ROYAL EXCHANGE ASS. (NIG.) PLC 26.79 36.10 26.79 36.10 - 12.08
19. STERLING ASSURANCE (NIG.) LTD - 2.21 - 2.21 - 16.52
20. UNIC INSURANCE PLC - - - - - 29.69
21. INTERCONTINENTAL WAPIC INS. PLC. (26.47) 10.40 - - - 17.49
22. CRUSADER INS. PLC - - 7.95 10.54 - 16.98
23. SOVEREIGN TRUST INS. CO. LTD. - - - - - 5.31
24. UNION ASSURANCE CO. LTD - - 14.28 35.20 - 14.8
25. ANCHOR INSURANCE CO. LTD. - - 13.7 - - -
26. STACO INSURANCE PLC. – - 32.46 4.74 - 10.78
27. CONSOLIDATED HALLMARK INS. PLC. - - - - - 0.75
28. EQUITY ASS. PLC. - - - - - 4.29
29. GUARANTY TRUST - - - - - 12.96
30. INDUSTRIAL AND GENERAL INS. PLC. - - - - - 6.94
31. INSURANCE PHB - - - - - 23.45
32. INTERNATIONAL ENERGY INS. CO. LTD. - - - - - 22.71
33. FIN INSURANCE CO. LIMITED - - - - - 1.25
34. ZENITH INSURANCE CO. LTD. - - - - - 25.95
35. MUTUAL BENEFITS ASS. PLC. - - - - - 26.55
36. LINKAGE ASS. PLC. - - - - - 2.31
SOURCE:- Returns made by member companies to NIA.

LOSS RATIOS OF MEMBERS COMPANIES BY
CLASS OF BUSINESS (2003 - 2007)
We have employed the financial statement method of two categories of losses incurred, adjusted or losses being fully earned. It is part of the requirement of the Insurance
computing incurred losses in the analysis below and in adjusted and incurred but not reported (IBNR). Losses Act 1 of 2003 that an insurer shall maintain reserves for
subsequent similar ratios. These ratios have been being adjusted include all liabilities for future payments on unexpired risk, not less than 10% of the total premiums in
calculated at the end of the year according to the following claims which have been reported to the companies. Such respect of Non-Life business and provision for outstanding
formula: future payments may be additional payments on closed claims
claims or on claims which will sometime be re-opened.
Losses paid during the current year , plus Loss Other technical reserves to be maintained include reserve
reserved at the end of current year, minus Loss reserved On the other hand, unearned premium for a policy is the for outstanding claims and contingency reserves.
at the end of previous year divided by Premium for pro-rata portion of premium of the policy in force
own account, current year, plus unearned premium applicable to unexpired period of the policy. Theoretically, A careful look at the table reveals an increase in earned

reserve at the end of previous year minus unearned it is the amount which would be refunded to a policyholder premium and Incurred losses for some classes of
premium reserved at the end of current year. if the company were to cancel his policy which is still in insurance business in 2007 over the preceding year.
force. Thus, it is a liability on the company’ s book. There
The result is termed incurred Loss while the divisor is The total earned premium for 2007 for the seven(7)
is no unearned premium with respect to a policy which has
earned premium and the quotient is the Loss ratio of the classes of business equaled N61.1billion while incurred
expired because the premium charged would have been
losses amounted to N13.9billion.
2007 2006 2005 2004 2003

EARNED INCURRED LOSS No. OF EARNED INCURRED LOSS No. OF EARNED INCURRED LOSS No. OF EARNED INCURRED LOSS No. OF EARNED INCURRED LOSS No. OF
CLASS PREMIUM LOSSES RATIO COMP. PREMIUM LOSSES RATIO COMP. PREMIUM LOSSES RATIO COMP. PREMIUM LOSSES RATIO COMP. PREMIUM LOSSES RATIO COMP.
‘000 ‘000 % ‘000 ‘000 % ‘000 ‘000 %

MOTOR 22,194,413 5,968,138 26.89 42 14,204,694 3,481,840 24.51 42 14,752,419 3,582,545 24.28 84 12,821,427 3,187,384 24.86 85 11,188,882 2,668,506 23.85 86
FIRE 7,242,021 1,255,621 17.34 42 6,017,961 2,185,763 36.32 42 5,947,749 1,353,264 22.75 84 3,789,913 1,073,203 28.32 85 3,412,106 1,178,695 34.54 88
ACCIDENT 12,992,490 2,994,047 23.04 42 10,381,031 2,593,799 24.99 42 8,852,899 2,346,753 26.51 81 6,817,844 1,842,906 27.03 84 4,646,470 2,121,426 45.66 84
MARINE &
AVIATION 8,988,165 1,139,407 12.68 42 4,944,376 839,045 16.97 42 7,403,364 1,537,448 20.77 79 7,389,501 1,034,305 14.00 83 4,342,058 1,164,297 26.81 87
WC/EMP 780,654 178,600 22.88 14 535,887 132,997 24.82 16 774,732 244,878 31.61 34 507,133 120,547 23.77 35 882,449 357,492 40.51 46
MISCELLA. 6,153,839 1,819,644 29.57 26 3,498,421 1,453,286 41.54 26 3,278,690 1,098,975 33.52 41 2,155,740 748,787 34.73 51 1,626,553 418,142 25.71 40
OIL & GAS 2,714,899 588,867 21.69 19 1,815,662 210,240 11.58 12
TOTAL 61,066,481 13,944,324 22.83 41,398,032 10,686,730 25.81 41,009,853 10,163,863 24.78 33,481,558 8,007,132 23.92 26,098,518 7,908,558 30.30
50
SOURCE: Returns made by member companies to NIA NOTE: Earned Premium and Incurred Loss are given in Naira.
PREMIUM, MANAGEMENT EXPENSES, NET COMMISSION, NET CLAIM,
INCURRED LOSS AND EARNED PREMIUM FROM 2007 MOTOR INSURANCE BUSINESS
PREMIUM MANAGEMENT NET NET CLAIM INCURRED NET EARNED

FOR OWN
EXPENSES COMMISSION PAID LOSS PREMIUM
ACCOUNT
S/NO. NAME OF COMPANY ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO
1 A & G INSURANCE CO. LIMITED 77,032 10,986 - 9,589 19,569 80,929

3 AIICO INSURANCE PLC. 403,189 27,735 46,192 149,915 186,866 446,346
5 CONSOLIDATED HALLMARK INSURANCE PLC 657,705 182,696 858 97,539 108,255 411,427
6 CORNERSTONE INSURANCE PLC 1,242,304 163,452 - 359,574 402,795 1,076,425
8 CUSTODIAN & ALLIED INSURANCE PLC 947,865 202,632 94,418 302,733 348,650 873,699
9 EQUITY.ASSURANCE PLC 660,188 175,305 88,267 170,777 181,067 643,038
10 GNI INSURANCE PLC 169,464 50,617 16,715 32,681 29,936 133,870
11 GOLDLINK INSURANCE PLC 1,117,969 226,299 22,180 410,753 410,753 1,070,981
12 GUARANTY TRUST ASSURANCE PLC 519,453 4,692 39,541 197,733 227,599 420,211
13 GUINEA INSURANCE PLC 70,334 47,424 - 23,796 18,606 152,903
14 INDUSTRIAL AND GENERAL INSURANCE PLC 582,689 220,777 50,985 100,107 100,425 528,711
15 INSURANCE PHB LIMITED 383,315 56,037 - 49,225 54,498 256,642
16 INTERCONTINENTAL WAPIC INSURANCE PLC. 1,182,558 348,154 1,604 275,655 320,795 1,104,938
17 INTERNATIONAL ENERGY INSURANCE PLC 516,260 14,836 - 62,314 75,915 431,321
18 INVESTMENT & ALLIED ASSURANCE PLC 58,148 5,254 14,841 63,933 59,583 56,686
19 LASACO ASSURANCE PLC 432,908 22,462 12,722 32,014 49,566 437,772
20 LAW UNION & ROCK INSURANCE (NIG.) PLC 552,801 121,665 93,981 92,050 114,321 518,477
21 LEADWAY ASSURANCE CO. LIMITED 2,336,696 490,101 34,598 907,213 1,043,178 2,323,184
24 N.E.M. INSURANCE PLC. 1,188,180 393,757 142,796 203,984 201,238 1,058,623
25 NICON INSURANCE PLC N/A N/A N/A N/A N/A N/A
26 NIGER INSURANCE PLC. 631,071 429,641 - 81,756 70,393 638,811
27 NIGERIAN AGRICULTURAL INS. CORPORATION 48,275 19,534 - 8,871 (803) 44,268
29 OCEANIC INSURANCE CO. LIMITED 488,987 33,023 10,417 57,946 47,560 253,572
32 ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC. 704,781 435,994 38,640 205,941 218,672 748,742
34 STANDARD ALLIANCE INSURANCE PLC 749,611 26,796 117,342 82,408 87,867 744,944
35 STACO INSURANCE PLC 1,220,315 387,320 161,891 150,305 143,096 1,114,916
36 STERLING ASSURANCE NIGERIA LIMITED 305,858 58,897 - 2,849 2,849 184,208
37 THE UNIVERSAL INSURANCE CO. LIMITED 211,510 - 2,644 5,668 2,115 299,698
38 UNIC INSURANCE PLC 56,921 21,078 23,041 68,741 62,672 124,613
40 UNITRUST INSURANCE CO. LIMITED 681,536 158,767 68,570 124,550 290,007 635,393
41 UNITYKAPITAL ASSURANCE PLC 329,113 229,150 36,384 48,366 48,980 358,846
42 FINI INSURANCE CO. LIMITED 282,890 105,913 1,393 7,831 8,151 185,325
43 ZENITH GENERAL INSURANCE CO. LIMITED 583,212 77,881 5,679 125,046 148,937 541,924
TOTAL 23,813,881 5,814,733 1,455,437 5,398,154 5,968,138 22,194,413

INCURRED LOSS AND EARNED PREMIUM FROM 2007 FIRE INSURANCE BUSINESS

FOR OWN
ACCOUNT EXPENSES COMMISSION PAID LOSS PREMIUM
1 A & G INSURANCE CO. LIMITED 51,733 7,604 727 329 4,966 52,295
4 ANCHOR INSURANCE CO LIMITED 40,741 28,698 3,060 4,687 4,566 38,068
5 CONSOLIDATED HALLMARK INS. PLC 105,039 29,298 3,294 13,318 12,182 65,575
6 CORNERSTONE INSURANCE PLC 83,691 28,256 - 6,629 7,404 68,479
8 CUSTODIAN & ALLIED INS. PLC 313,797 118,202 44,938 44,972 64,548 283,816
10 GNI INSURANCEPLC 31,682 9,722 1,421 10,839 13,626 26,548
13 GUINEA INSURANCE PLC. 24,165 14,584 2,687 - 2,353 132,584
14 161,451
INDUSTRIAL AND GENERAL INSURANCE PLC 144,585 14,799 7,503 8,141 156,913
16 INTERCONTINENTAL WAPIC INS. PLC. 274,834 131,663 29,348 16,919 37,343 266,037
17 INTERNATIONAL ENERGY INS. PLC 281,458 10,356 7,121 4,591 7,412 221,085
18 INVESTMENT & ALLIED ASSURANCE PLC51,523 6,372 6,591 14,189 28,053 40,921
PLC 98,530 74,995 74,547 93,977 413,733
21 LEADWAY ASSURANCE CO. LIMITED 834,055 267,179 52,359 54,348 333,430 851,084
22 LINKAGE ASSURANCE PLC 185,843 117,004 18,286 4,098 - 157,374
25 NICON INSURANCE PLC N/A
27 NIGERIAN AGRICULTURAL INS. CORP. 21,151 9,767 - 18,297 1,813 26,348
28 OASIS INSURANCE PLC 20,909 19,433 3,583 758 67 22,689
29 OCEANIC INSURANCE CO. LIMITED 141,056 13,987 9,013 - - 74,099
31 REGENCY ALLIANCE INSURANCE PLC 80,133 27,645 188 10,949 20,522 106,484
32 ROYAL EXCHANGE ASSURANCE (NIG.)338,334
PLC. 389,619 14,036 63,295 95,042 356,173
34 STANDARD ALLIANCE INSURANCE PLC107,543 34,319 30,474 11,332 8,534 110,416
36 205,405
STERLING ASSURANCE NIGERIA LIMITED 40,401 2,226 72,111 72,111 217,329
37 THE UNIVERSAL INSURANCE PLC 50,892 - 11,002 313 (6,305) 110,983
38 UNIC INSURANCE PLC 11,694 4,330 21,655 16,875 (28,761) 30,497
41 UNITY KAPITAL ASSURANCE PLC 58,378 40,647 8,515 4,034 1,238 75,344
42 FIN INSURANCE CO. LIMITED 20,995 8,917 1,077 558 358 13,737
269,942
43 ZENITH GENERAL INSURANCE CO. LIMITED 57,368 23,197 10,994 21,694 251,451
TOTAL 7,462,567 2,833,863 835,648 923,761 1,255,621 7,242,021

INCURRED LOSS AND EARNED PREMIUM FROM 2007 GENERAL ACCIDENT INSURANCE BUSINESS

FOR OWN EXPENSES COMMISSION PAID LOSS PREMIUM
ACCOUNT
5 462,040
CONSOLIDATED HALLMARK INS. PLC 147,959 4,353 52,251 77,611 290,697
7 CRUSADER INSURANCE(NIG.) PLC.132,796 22,254 87,429 105,156 143,985 302,268
PLC 95,688 78,364 99,148 118,613 245,734
10 GNI INSURANCEPLC 99,490 30,578 1,866 21,132 8,453 75,877
253,093
12 GUARANTY TRUST ASSURANCE PLC 68,295 42,614 25,953 25,681 213,265
13 GUINEA INSURANCE PLC. 94,982 47,952 - 22,173 25,050 145,548
412,688
14 INDUSTRIAL AND GENERAL INS. PLC 310,436 52,773 80,079 54,182 396,647
755,385
16 INTERCONTINENTAL WAPIC INS. PLC. 277,641 28,165 219,559 197,873 677,526
676,433
17 INTERNATIONAL ENERGY INSURANCE PLC 21,316 11,866 31,772 54,739 605,130
PLC 8,405 7,251 84,446 97,230 60,955
96,777
20 LAW UNION & ROCK INSURANCE (NIG.) PLC 21,300 14,238 16,115 16,311 78,548
1,301,451
504,710
23 MUTUAL BENEFITS ASSURANCE PLC 170,970 21,975 107,146 102,795 629,855
25 NICON INSURANCE PLC N/A
27 NIGERIAN AGRICULTURAL INS. COR.14,001 3,256 - 5,425 5,127 109,207
29 OCEANIC INSURANCE CO. LIMITED134,468 26,953 19,135 42,445 9,479 101,541
205,943
155,399
32 ROYAL EXCHANGE ASSURANCE ( NIG.) PLC. 27,910 26,670 63,774 84,633 150,635
496,143
PLC 14,475 142,862 57,594 59,738 403,478
383,634
36 STERLING ASSURANCE NIGERIA LIMITED 77,169 1,792 83,306 83,306 361,797
123,907
37 THE UNIVERSAL INSURANCE CO. LIMITED - 27,178 14,423 10,723 117,840
38 UNIC INSURANCE PLC 28,390 10,513 19,011 31,414 27,692 60,836
198,272
41 UNITY KAPITAL ASSURANCE PLC 179,910 125,365 27,261 19,766 28,496 173,280
42 FIN INSURANCE CO. LIMITED 54,477 21,486 2,183 825 182 54,757
43 ZENITH GENERAL INSURANCE CO.463,449
LIMITED 81,869 48,897 54,856 78,844 421,996
TOTAL 13,551,511 3,824,622 1,383,302 2,974,032 2,994,047 12,992,490

INCURRED LOSS AND EARNED PREMIUM FROM 2007 MARINE & AVIATION INSURANCE BUSINESS

FOR OWN EXPENSES COMMISSION PAID LOSS PREMIUM
ACCOUNT
1 A & G INSURANCE CO. LIMITED 706,648 55,847 - 498 811 897,843
4 ANCHOR INSURANCE CO. LIMITED 4,409 3,468 355 - - 4,393
5 CONSOLIDATED HALLMARK INSURANCE128,632
PLC 24,134 2,320 3,561 923 123,027
10 GNI INSURANCE PLC 49,532 15,140 7,579 713 713 42,783
13 GUINEA INSURANCE PLC. 55,328 42,810 562 323 315 53,979
14 INDUSTRIAL ANDGENERAL INSURANCE PLC
499,891 236,548 20,578 16,963 34,298 494,193
PLC. 244,661 16,495 110,106 107,859 616,715
17 INTERNATIONAL ENERGY INSURANCE PLC 176,288 4,423 24,833 5,324 34,378 151,363
18 INVESTMENT & ALLIED ASSURANCE PLC 6,258 2,501 1,907 7,207 8,167 9,386
19 LASACO ASSURANCE PLC 16,479 1,361 31,231 11 (2,393) 75,421
20 LAW UNION & ROCK INSURANCE (NIG.) PLC
83,790 18,441 42,314 13,952 37,318 76,673
27 NIGERIAN AGRICULTURAL INSURANCE COR. 899 814 - - 1,218 969
28 OASIS INSURANCE PLC 20,689 15,464 7,641 42 450 21,347
29 OCEANIC INSURANCE CO. LIMITED 284,961 34,016 20,874 49,016 10,184 248,037
32 ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC
224,686 96,901 8,533 34,240 32,646 255,035
74,003 16,333 1,412 15,344 15,344 92,904
37 THE UNIVERSAL INSURANCE PLC
22,947 - 5,232 - 729 37,098
38 UNIC INSURANCE PLC
23,834 8,825 10,534 13,674 9,144 30,799
39 UNION ASSURANCE CO. LIMITED
137,553 65,242 30,115 18,698 18,717 126,508
40 UNITRUST INSURANCE CO. LIMITED
158,379 62,683 10,025 13,684 6,278 152,221
41 UNITY KAPITAL ASSURANCE PLC
34,931 24,321 7,157 4,541 30 67,530
42 FIN INSURANCE CO. LIMITED
16,251 6,245 170 240 240 19,197
43 ZENITH GENERAL INSURANCE CO. LIMITED
459,935 95,863 30,646 89,645 109,691 422,688
TOTAL
8,945,731 2,365,476 911,777 1,286,253 1,139,407 8,988,165

INCURRED LOSS AND EARNED PREMIUM FROM 2007 WORKMEN’S COMPENSATION
AND EMPLOYERS’ LIABILITY INSURANCE BUSINESS
WRITTEN MANAGEMENT NET NET CLAIM INCURRED EARNED

PREMIUM EXPENSES COMMISSION PAID LOSS PREMIUM
1 A & G INSURANCE CO. LIMITED N/A N/A N/A N/A N/A N/A
2 ADIC INSURANCE LIMITED N/A N/A N/A N/A N/A N/A
4 ANCHOR INSURANCE CO. LIMITED13,098 9,025 822 - 2,750 12,288
5 CONSOLIDATED HALLMARK INS. PLC N/A N/A N/A N/A N/A N/A
6 CORNERSTONE INSURANCE PLC N/A N/A N/A N/A N/A N/A
7 CRUSADER INSURANCE (NIG.) PLC. N/A N/A N/A N/A N/A N/A
PLC - 13,594 - - 93,509
9 EQUITY ASSURANCE PLC N/A N/A N/A N/A N/A N/A
10 GNI INSURANCE PLC N/A N/A N/A N/A N/A N/A
11 GOLDLINK INSURANCE PLC N/A N/A N/A N/A N/A N/A
12 GUARANTY TRUST ASSURANCE PLC N/A N/A N/A N/A N/A N/A
13 GUINEA INSURANCE PLC. N/A N/A N/A N/A N/A N/A
14 INDUSTRIAL AND GENERAL INS. PLC N/A N/A N/A N/A N/A N/A
16 INTERCONTINENTAL WAPIC INS. PLC. N/A N/A N/A N/A N/A N/A
17 INTERNATIONAL ENERGY INSURANCE PLC
24,323 - - 3,355 3,259 24,171
N/A N/A N/A N/A N/A N/A
19 LASACO ASSURANCE PLC N/A N/A N/A N/A N/A N/A
20 LAW UNION & ROCK INS. (NIG.) PLC53,131 11,693 9,157 8,847 15,479 50,517
58,736 11,644 3,707 1,260 30,987 43,590
22 LINKAGE ASSURANCE PLC N/A N/A N/A N/A N/A N/A
23 MUTUAL BENEFITS ASSURANCE PLC N/A N/A N/A N/A N/A N/A
24 N.E.M. INSURANCE PLC. N/A N/A N/A N/A N/A N/A
27 NIGERIAN AGRICULTURAL INS. CORP. N/A N/A N/A N/A N/A N/A
28 OASIS INSURANCE PLC N/A N/A N/A N/A N/A N/A
29 OCEANIC INSURANCE CO. LIMITED N/A N/A N/A N/A N/A N/A
31 REGENCY ALLIANCE INSURANCE PLC
48,095 5,459 7,922 7,416 6,387 33,249
32 ROYAL EXCHANGE ASS. (NIGERIA) 64,278
PLC. 71,411 10,116 23,410 24,059 61,642
33 SOVEREIGN TRUST INSURANCE PLC
87,555 33,451 17,052 18,876 18,876 87,100
34 STANDARD ALLIANCE INSURANCE PLC
37 THE UNIVERSAL INSURANCE PLC N/A N/A N/A N/A N/A N/A
38 UNIC INSURANCE PLC N/A N/A N/A N/A N/A N/A
39 UNION ASSURANCE CO. LIMITED N/A N/A N/A N/A N/A N/A
40 UNITRUST INSURANCE CO.LTD. LIMITED
41 UNITY KAPITAL ASSURANCE PLC 3,249 2,262 22 5,202 5,202 3,249
42 FIN INSURANCE CO. LIMITED N/A N/A N/A N/A N/A N/A
43 ZENITH GENERAL INS. CO. LIMITED N/A N/A N/A N/A N/A N/A
TOTAL
770,560 251,190 97,618 133,743 178,600 780,654

INCURRED LOSS AND EARNED PREMIUM FROM 2007 MISCELLANEOUS INSURANCE BUSINESS

FOR OWN
1 A & G INSURANCE CO. LIMITED 68,674 8,727 - - 45,084

13,128
2 ADIC INSURANCE LIMITED N/A N/A N/A N/A N/A
N/A
3 AIICO INSURANCE PLC. N/A N/A N/A N/A N/A
N/A
4 ANCHOR INSURANCE CO. LIMITED N/A N/A N/A N/A N/A
N/A
5 CONSOLIDATED HALLMARK INSURANCE PLC 71,218 14,906 1,325 1,251 69,154
(171)
10 GNI INSURANCE PLC 32,847 139,159 5,233 6,683 5,389 24,598
12 GUARANTY TRUST ASSURANCE PLC 105,309 60 15,127 32,187 31,613 64,989
13 GUINEA INSURANCE PLC. N/A N/A N/A N/A N/A N/A
14 INDUSTRIAL AND GENERAL INSURANCE PLC 425,762 223,080 37,491 5,477 4,613 378,418
16 INTERCONTINENTAL WAPIC INSURANCE PLC. 258,027 131,675 5,672 4,417 32,363 266,540
17 INTERNATIONAL ENERGY INSURANCE PLC N/A N/A N/A N/A N/A N/A
18 INVESTMENT & ALLIED ASSURANCE PLC 13,677 2,395 - 802 1,753 11,700
20 LAW UNION & ROCK INSURANCE (NIG.) PLC 654,022 143,943 475,029 108,905 117,292 569,228
22 LINKAGE ASSURANCE PLC 26,627 17,866 3,484 1,475 - 82,229
27 NIGERIAN AGRICULTURAL INS. CORPORATION 382,163 283,249 - 29,210 26,990 355,226
29 OCEANIC INSURANCE CO. LIMITED 127,937 13,087 8,139 - - 91,585
32 ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC 603,567 197,314 78,482 214,644 452,512 596,307
35 STACO INSURANCE PLC 109,344 35,568 22,937 494 20,279 122,657
36 STERLING ASSURANCE NIGERIA LIMITED N/A N/A N/A N/A N/A N/A
38 UNIC INSURANCE PLC 871,230 51,361 - 488,570 488,570 871,230
41 UNITY KAPITAL ASSURANCE PLC N/A N/A N/A N/A N/A N/A
42 FIN INSURANCE CO. LIMITED 118,112 42,715 179 4,025 5,553 103,553
43 ZENITH GENERAL INSURANCE CO. LIMITED 113,377 21,626 7,347 - 4,486 105,625
TOTAL 6,528,675 2,159,831 825,621 1,387,218 1,819,644 6,153,839

INCURRED LOSS AND EARNED PREMIUM FROM 2007 OIL AND GAS INSURANCE BUSINESS

FOR OWN
2 ADIC INSURANCE LIMITED N/A N/A N/A N/A N/A N/A
4 ANCHOR INSURANCE CO. LIMITED 12,326 8,493 - - - 12,326
5 CONSOLIDATED HALLMARK INS. PLC19,656 4,114 - 250 250 16,702
7 CRUSADER INSURANCE (NIG.) PLC 58,651 6,377 - 4,202 4,885 58,651
8 CUSTODIAN & ALLIED INSURANCE PLC
39,694 - 13,812 - - 39,694
10 GNI INSURANC E PLC 75,225 19,962 9,641 1,260 1,260 59,440
12 GUARANTY TRUST ASSURANCE PLC35,227 - - - - 35,541
13 GUINEA INSURANCE PLC N/A N/A N/A N/A N/A N/A
14 INDUSTRIAL AND GENERAL INSURANCE
815,363
PLC 441,555 65,267 12,393 12,393 773,841
16 INTERCONTINENTAL WAPIC INSURANCE
N/A
PLC. N/A N/A N/A N/A N/A
17 INTERNATIONAL ENERGY INSURANCE
388,938
PLC 24,993 - 2,845 2,845 350,203
20 LAW UNION & ROCK INSURANCE (NIG.)N/A
PLC N/A N/A N/A N/A N/A
455,951 144,238 411,768 31,112 407,621 389,785
22 LINKAGE ASSURANCE PLC N/A N/A N/A N/A N/A N/A
26 NIGER INSURANCE PLC N/A N/A N/A N/A N/A N/A
27 NIGERIAN AGRICULTURAL INS. CORP.
21,780 8,953 - 347 347 21,780
29 OCEANIC INSURANCE CO. LIMITED 11,258 - - - - 11,228
30 PRESTIGE ASSURANCE PLC. 27,645 - 7,177 - - 27,645
31 REGENCY ALLIANCE INSURANCE PLC
173,636 35,664 431 28,939 28,934 112,268
32 ROYAL EXCHANGE ASS. NIGERIA PLC. N/A N/A N/A N/A N/A N/A
33 SOVEREIGN TRUST INSURANCE PLC
273,244 66,903 28,284 10,955 10,955 270,648
34 STANDARD ALLIANCE INSURANCE PLC N/A N/A N/A N/A N/A N/A
35 STACO INSURANCE PLC 7,259 2,305 1,513 - - 7,259
38 UNIC INSURANCE PLC N/A N/A N/A N/A N/A N/A
40 UNITRUST INSURANCE CO. LIMITED 28,954 13,861 2,392 - 6,150 16,214
41 UNITY KAPITAL ASSURANCE PLC N/A N/A N/A N/A N/A N/A
42 FIN INSURANCE CO. LIMITED N/A N/A N/A N/A N/A N/A
43 ZENITH GENERAL INSURANCE CO. LIMITED
TOTAL 2,875,623 798,617 625,244 203,222 588,867 2,714,899

REINSURANCE TRANSACTIONS IN NON-LIFE BUSINESS 2003 - 2007
The table below shows the reinsurance transactions in non-life business The last five columns of the table shows the ratios of local and overseas
for a period of five years, 2003-2007. It shows the Gross Premium which cessions to Gross Premium Income (G.P.I.) with Reinsurance Ratios.
comprises mainly of business accepted from Nigeria by direct offices
while local cession covers business ceded to reinsurance companies A Cursory look at the table shows a decrease in local cession in 2007
within Nigeria as well as direct companies. i.e co-insurance. when compared to 2006.
Also, oversea acceptances relate to business by direct companies outside
Nigeria and do not include business assumed by local reinsurance.
2003
Gross Local Oversea Local Oversea Ratio of Ratio of Ratio of Ratio of Re-
Class Local Oversea Local Oversea
Premium Acceptances Acceptance Cession Cession Insurance
Accept. Accept. Cession Cession
‘000 ‘000 ‘000 ‘000 ‘000 to G.P.I to G.P.I Ratio
to G.P.I to G.P.I
Motor 13,809,144 256,492 - 2,210,634 - 1.86 - 16.01 - 16.01
Fire 6,076,097 154,581 1,347 2,078,592 332,082 2.54 0.02 34.21 5.47 39.68
General Accident 6,550,985 174,045 927 1,228,785 53,156 2.66 0.01 18.76 0.18 18.94
Marine, Aviation & Transit 15,696,362 117,486 444 2,798,322 7,261,253 0.75 0.00 17.83 46.26 64.09
WC / Emp . Liability 1,588,719 29,528 - 560,149 64,990 1.86 - 35.26 4.09 39.35
Miscellaneous 2,092,873 26,900 - 329,433 23,840 1.29 - 15.74 1.14 16.88
TOTAL 45,814,180 759,032 2,718 9,205,915 7,735,321 1.66 0.01 20.09 16.88 36.97
2004
to G.P.I to G.P.I
Motor 15,071,809 250,560 3,460 1,221,324 28,746 1.66 0.02 8.10 0.19 8.29
Fire 7,335,994 86,865 261 2,066,620 484,248 1.18 0.00 28.17 6.60 34.77
General Accident 8,704,356 191,529 2,940 1,266,446 112,402 2.20 0.03 14.55 1.29 15.34
Marine, Aviation & Transit 20,989,737 164,781 273 14,634,388 645,531 0.79 0.00 69.72 3.08 72.8
WC / Emp . Liability 696,809 2,509 - 146,595 3,981 0.36 - 21.04 0.57 21.61
Miscellaneous 4,418,312 33,206 - 824,442 584,642 0.75 - 18.66 13.23 31.89
TOTAL 57,217,017 729,450 6,934 20,159,815 1,859,550 1.27 0.01 35.23 3.25 38.48
2005
to G.P.I to G.P.I
Motor 16,484,517 262,420 - 1,183,961 - 1.59 - 7.18 - 7.18
Fire 9,578,785 204,860 - 2,758,713 610,753 2.14 - 28.80 6.38 35.18
General Accident 10,618,307 233,700 - 1,852,139 20,880 2.20 - 17.44 0.20 17.64
Marine, Aviation & Transit 21,013,148 108,070 - 13,187,048 161,260 0.51 - 62.76 0.77 63.52
WC / Emp . Liability 1,317,584 12,006 - 321,367 81,305 0.91 - 24.39 6.17 30.56
Miscellaneous 4,371,436 51,276 - 1,049,228 7,247 1.17 - 24.00 0.17 24.17
TOTAL 63,383,777 872,332 - 20,352,456 881,445 1.38 - 32.11 1.39 33.50
2006
to G.P.I to G.P.I
Motor 17,107,755 211,827 - 1,274,224 - 1.24 - 7.45 - 7.45
Fire 9,816,720 183,492 - 3,028,533 92,727 1.87 - 30.85 0.94 31.80
General Accident 11,945,443 181,409 - 2,528,843 398 1.52 - 21.17 0.00 21.17
Marine, Aviation & Transit 7,840,874 119,342 - 2,107,126 50,206 1.52 - 26.87 0.64 27.51
WC / Emp . Liability 923,978 9,148 - 362,421 - 0.99 - 39.22 - 39.22
Miscellaneous 5,392,563 71,976 - 910,061 33,314 1.33 - 16.88 0.62 17.49
Oil & Gas 14,907,423 11,656 - 13,085,866 - 0.08 - 87.78 - 87.78
Others 1,611,686 - - - - - - - - -
TOTAL 69,546,442 577,023 - 22,022,850 176,645 0.85 - 32.42 0.26 31.92
2007
to G.P.I to G.P.I
MOTOR 25,219,697 240,641 - 1,405,816 - 0.95 - 5.57 - 5.57
FIRE 10,382,955 222,812 - 2,556,778 364,610 2.15 - 24.62 3.51 28.14
GENE ACC 16,191,192 352,439 - 2,615,850 23,831 2.18 - 16.16 0.15 16.30
MARINE 11,255,655 183,417 - 2,129,897 180,027 1.63 - 18.92 1.60 20.52
WORKMEN’S COM. 983,994 153 - 213,434 - 0.02 - 21.69 - 21.69
MISC 7,822,302 (126,478) - 1,158,575 135,052 (1.62) - 14.81 1.73 16.54
OIL & GAS 12,980,601 39,335 - 10,104,978 - 0.30 - 77.85 - 77.85
TOTAL 84,836,396 671,678 - 18,779,512 703,520 0.79 - 22.14 0.83 22.97

LOSS, EXPENSE AND TRADES IN NON-BUSINESS (2003 - 2007)
More than 100 per cent of insurance company’ s Expense ratios in the table below were calculated by
Premium income can be paid ultimately as claims and dividing the sum of management expenses and
claims expenses. Consequently, knowledge of loss commissions by the premium written. Such ratios are
magnitude and control is a vital information for useful in areas of profitability analysis and expenses
management. Losses which are used here to mean control. Trade ratio is the addition of Loss ratio and
claims fall into four broad headings in general Expense ratio and this is very useful in reviewing
business. These are property Losses, Liability Losses, the financial stability as well as investment
Workmen’s Compensation Losses and Bond Losses. attractiveness of a company. A trade ratio of not more
than 90% can be considered in a well managed
These Loss Ratios in the table below are as earlier company while consistent trade ratios of over 100%
explained under Loss Ratio of member companies by indicate that income from investment is needed to
class of business. On the other hand, insurance keep the company in a sound financial condition.
company’s expense represent a substantial part of The trade ratio is computed independently of the
the premium income and they significantly influence company’s investment results.
operating results and financial stability of the pool.
Expenses here are classified under two broad Furthermore, such trade ratio of over 100% will lead to
categories - management expenses which include decreased strength of the company since there will
underwritting expenses, salaries, rents etc. and not be enough Income to maintain adequate surplus,
commissions. Expense exhibits are contained in the thus the company becomes unattractive to investors.
returns made by companies to the Commissioner for The foregoing allusions can be made to the whole
Insurance according to specified classification member market whose figures are represented in
required by law. the following table.
2003
Management
Written Earned Management Net Expenses + Loss Expenses Ratio of Trade
Class Premium Premium Expenses Commission Commission Ratio Ratio Commission Ratio
‘000 ‘000 ‘000 ‘000 ‘000 to Premium
Motor 11,598,510 11,188,882 4,643,371 1,571,854 6,215,225 23.85 53.59 13.55 77.44
Fire 3,665,423 3,412,106 1,914,252 539,577 2,453,829 34.54 66.95 14.72 101.49
General Accident 5,269,044 4,646,470 2,202,957 863,639 3,066,596 45.66 58.20 16.39 103.86
Marine, Aviation & Transit. 5,636,787 4,342,058 2,176,080 1,130,381 3,306,461 26.81 58.66 20.05 85.47
WC & Emp., Liability 963,580 882,449 489,474 144,194 633,668 40.51 65.76 14.96 106.27
Miscellaneous 1,739,600 1,626,553 679,645 227,791 907,436 25.71 52.16 13.09 77.87
Total 28,872,944 26,098,518 12,105,779 4,477,436 16,583,215 30.30 57.44 5.51 87.74
2004
Management
‘000 ‘000 ‘000 ‘000 ‘000 to Premium
Motor 13,821,739 12,821,427 4,397,990 1,483,282 5,881,272 24.86 42.55 10.73 67.41
Fire 4,785,126 3,789,913 1,813,376 731,078 2,544,454 28.32 53.17 15.28 81.49
General Accident 7,325,508 6,817,844 2,385,533 1,040,135 3,425,668 27.03 46.76 14.20 73.79
Marine, Aviation & Transit. 5,709,818 7,389,501 3,133,714 919,981 4,035,695 14.00 71.00. 16.11 85.00
WC & Emp., Liability 546,233 507,133 130,223 80,342 210,565 23.77 38.55 14.71 62.32
Miscellaneous 3,009,228 2,155,740 1,168,150 341.171 1,509,321 34.73 50.16 11.34 84.89
Total 35,197,652 33,481,558 13,028,986 4,595,989 17,624,975 23.92 50.07 13.06 73.99

2005
Management
‘000 ‘000 ‘000 ‘000 ‘000 to Premium
Motor 15,300,556 14,752,419 5,674,864 1,755,044 7,429,908 24.28 48.56 11.47 72.84
Fire 6,209,319 5,947,749 2,791,961 934,855 3,726,816 22.75 60.02 15.06 82.77
Marine, Aviation & Transit. 7,664,840 7,403,364 3,267,305 1,403,877 4,671,182 20.77 60.94 18.32 81.71
WC & Emp., Liability 914,912 774,732 349,772 126,669 476,441 31.61 52.08 13.84 83.69
Miscellaneous 3,314,961 3,278,690 1,087,019 354,801 1,441,820 33.52 43.49 10.70 77.01
Total 42,149,876 41,009,853 16,649,414 5,708,728 22,358,142 24.78 53.04 13.54 77.82
2006
Management
‘000 ‘000 ‘000 ‘000 ‘000 to Premium
Motor 15,833,531 14,204,694 3,825,999 599,123 4,425,122 24.51 27.95 3.78 52.46
Fire 6,695,460 6,017,961 2,099,172 1,003,433 3,102,605 36.32 46.34 14.99 82.66
General Accident 9,416,202 10,381,031 2,277,249 907,242 3,184,491 24.99 33.82 9.63 58.81
Marine, Aviation & Transit. 5,683,542 4,944,376 1,611,536 691,218 2,302,754 16.97 40.52 12.16 57.49
WC & Emp., Liability 561,557 535,887 167,768 90,506 258,274 24.82 45.99 16.12 70.81
Miscellaneous 4,449,188 3,498,421 1,595,441 294,726 1,890,167 41.54 42.48 6.62 84.02
Oil & Gas 1,821,557 1,815,662 325,620 199,891 525,511 11.58 28.85 10.97 40.43
Total 44,461,037 39,582,370 11,902,785 3,786,139 15,688,924 25.81 35.29 8.52 61.10
2007
Management
‘000 ‘000 ‘000 ‘000 ‘000 to Premium
Motor 23,813,881 22,194,413 5,814,733 1,455,437 7,270,170 26.89 30.53 6.11 57.42
Fire 7,462,567 7,242,021 2,833,863 835,648 3,669,511 17.34 49.17 11.20 66.51
Marine, Aviation & Transit. 8,945,731 8,988,165 2,365,476 911,777 3,277,253 12.68 36.63 10.19 49.31
WC & Emp., Liability 770,560 780,654 251,190 97,618 348,808 22.88 45.27 12.67 68.15
Miscellaneous 6,528,675 6,153,839 2,159,831 825,621 2,985,452 29.57 45.73 12.65 75.30
Oil & Gas 2,875,623 2,714,899 798,617 625,244 1,423,861 21.69 49.51 21.74 71.21
Total 63,948,548 61,066,481 18,048,332 6,134,647 24,182,979 22.83 37.82 9.59 60.65

COMPARATIVE STATISTICS OF PREMIUM, CLAIMS AND MANAGEMENT
EXPENSES FOR NON - LIFE BUSINESS (2003 - 2007)
The table below shows a comparative statistics of The table shows an increase in premiums, claims and
premiums, claims and management expenses in non- expenses in some classes of insurance business in
life business for five consecutive years, 2003 - 2007. 2007 over those in 2006.
The premium are net of reinsurance while the claims
are those under policies relating to current years net of
reinsurance recoveries. The total net premium for 2007 amounted to
N63.9billion as against N44.5billion in 2006 while
Expenses are those of management relating to the claims increased in 2007 to N12.3billion from
class of business concerned. N10.0billion in 2006 Expenses also increased from
N11.9billion in 2006 to N18.0billion in 2007.
The analysis here considered the transactions within
one year without regard to what happened in the
previous years. Thus, it depicts the true position of
each account for each year considered.
CLASS OF BUSINESS 2003 2004 2005 2006 2007

‘000 ‘000 ‘000 ‘000 ‘000
Motor Premium 11,598,510 13,821,739 15,300,556 15,833,531 23,813,881

Claims 2,327,456 3,036,598 3,456,623 3,346,820 5,398,154
Expenses 4,643,371 4,397,990 5,674,864 3,825,999 5,814,733
Fire Premium 3,665,423 4,785,126 6,209,319 6,695,460 7,461,567

Claims 844,638 1,156,675 1,067,169 2,051,733 923,761
Expenses 1,914,252 1,813,376 2,791,961 2,099,172 2,833,863
General Premium 5,269,044 7,325,508 8,745,288 9,416,202 13,551,511

Accident Claims 1,782,365 1,798,990 2,171,293 2,290,494 2,974,032
Expenses 2,202,957 2,385,533 3,478,493 2,277,249 3,824,622
Marine Premium 5,636,787 5,709,818 7,664,840 5,683,542 8,945,731

Aviation Claims 725,760 1,020,135 1,336,774 713,003 1,286,253
And Transit Expenses 2,176,080 3,133,714 3,267,305 1,611,536 2,365,476
W/C And Premium 1,739,600 546,233 914,912 561,557 770,560

Employers Claims 247,177 117,791 167,143 119,507 133,743
Liability Expenses 679,645 130,223 349,772 167,768 251,190
Mis Premium 963,580 3,009,228 3,314,961 4,449,188 6,528,675

Claims 145,698 680,054 504,590 1,293,157 1,387,218
Expenses 489,474 1,168,150 1,087,019 1,595,441 2,159,831
Oil & Gas Premium - - - 1,821,557 2,875,623

Claims - - - 211,441 203,222
Expenses - - - 325,620 798,617
Total Premium 28,872,944 35,197,652 42,149,876 44,461,037 63,947,548

Claims 6,073,094 7,810,243 8,702,592 10,026,155 12,306,383
Expenses 12,105,779 13,028,986 16,649,414 11,902,785 18,048,332
SOURCE: Returns made by member companies to NIA NOTE: All Financial figures are given in Naira

COMPARATIVE STATISTICS OF PREMIUM, CLAIMS AND
MANAGEMENT EXPENSES FOR NON - LIFE BUSINESS (2003 - 2007)

62
GNI Advert
ANALYSIS OF TECHNICAL RESERVES FOR
NON - LIFE INSURANCE BUSINESS (1998 - 2007)
Reserves may be considered as funds set aside for a the total net Premium in the case of non-life insurance business other “C” is reserve for outstanding claims. The amount of which shall be
particular known or anticipated liabilities. than marine which stipulates 25% for cargo and 45% for Hull. equal to the total estimated amount of all outstanding claims together
with a further 10 Percent of the estimated figure for claims incurred but
The Insurance Act 1 2003 stipulates that every Insurer carrying on Contingency reserves is shown in row ”B” and its purpose is to even out not reported (IBNR) at the end of the preceding year.
business in Nigeria shall set up and maintain technical reserves of the - fluctuations in securities and variations in statistical estimates made
types shown in the table below in respect of each class of Insurance by insurers. The amount of this reserves is at least 3percent of total As can be seen from the table, the year recorded increases in
transacted. premium or 20 percent of net profit (whichever is greater). Contingency reserve and Outstanding claims while there was a
decrease in Unexpired risk.
Reserves for unexpired risk in row ” A” is to be set aside to take This reserve is allowed to accumulate until it reaches the minimum
account of risk continuing after the end of the financial year, since paid-up capital of the company or 50 percent of the net premium of the
premium received during the financial year cannot yet be considered year (whichever is greater). Row “C” is reserve for outstanding claims.

fully earned. It is the requirement of the Act that this reserve should not The amount of which shall be equal to the total estimated amount of all
be less than 45% of
Class of Business ROW 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000
Motor A 1,095,737 1,955,898 2,027,869 3,051,832 3,335,197 4,440,185 4,668,347 4,601,038 3,029,968 4,599,727
B 63,372 220,351 290,944 266,634 324,480 414,274 452,154 537,586 518,104 756,591
C 324,977 593,190 703,551 644,894 976,976 1,237,642 1,281,611 1,265,557 1,169,593 1,688,323
Fire A 270,411 711,644 854,985 946,664 1,136,844 1,258,673 1,425,664 1,522,790 1,145,945 1,381,837
B 27,548 90,123 105,348 107,097 142,549 182,283 220,080 299,508 296,043 311,519
C 158,922 339,503 372,722 399,388 540,250 849,593 812,582 1,047,071 1,982,587 1,087,344
General Accident A 396,158 361,137 750,310 1,030,788 1,522,391 1,969,430 2,247,577 2,080,581 1,334,980 2,465,116
B 29,268 75,314 84,813 100,297 139,818 196,530 255,548 348,060 361,615 485,736
C 268,117 316,193 363,673 407,046 668,038 1,067,367 1,166,836 1,289,001 1,228,537 1,259,956
Marine Aviation A 165,868 416,286 576,779 739,062 1,199,400 1,192,445 1,203,386 1,372,225 895,998 1,469,160
and Transit B 15,955 142,192 126,615 258,185 400,609 470,891 629,692 636,340 236,965 337,670
C 118,300 421,316 331,734 507,441 589,095 1,038,235 1,344,551 1,615,943 1,066,646 827,418
Workmen’s A 33,783 88,569 144,784 141,279 262,867 538,272 108,543 298,638 156,776 137,756
Compensation and B 1,392 12,564 15,405 19,521 27,584 62,786 20,904 46,706 27,719 29,520
Employers Liability C 33,131 63,566 53,676 69,914 115,556 403,529 60,775 180,431 110,697 129,695
Miscellaneous A 135,508 493,130 558,289 500,031 483,528 392,117 773,316 879,089 739,439 944,738
B 9,770 47,296 129,057 54,881 51,840 47,662 98,902 129,923 161,777 234,669
C 49,284 306,629 372,722 524,329 408,405 252,140 616,901 752,401 719,290 926,564
OIL & GAS A - - - - - - - - 105,157 556,998
B - - - - - - - - 447,223 389,418
C - - - - - - - - 197,590 438,417
Total A 2,097,467 4,296,665 4,913,019 6,409,658 7,940,228 9,791,122 10,426,833 10,754,361 7,408,263 11,555,332
B 147,307 587,842 752,183 806,619 1,086,883 1,374,426 1,677,280 1,998,123 2,049,446 2,545,123
64
C 952,733 1,760,896 2,257,027 3,583,803 3,298,321 4,848,506 5,283,256 6,150,404 6,474,940 6,357,717
SOURCE: Returns made by member companies to NIA

GROWTH OF NON - LIFE INSURANCE FUNDS
OF MEMBER COMPANIES (1998 - 2007)
Insurance Fund for each class of business represents the liabilities The fund cannot be applied directly or otherwise for any purpose
to the policy - holder in respect of all contract of that particular class other than for meeting liabilities arising from the class of business
and forms absolute security for policy - holders of that class of from which it is derived. The table below shows the trend of Non-Life
business. Insurance fund between 1998 - 2007. The table shows a consistent
increase in the fund over five years.
The Insurance Act required the insurance to be fund sufficient
enough to meet these liabilities as though the insurer is not The total value of the fund for the seven (7) classes of business as
transacting any other class of Insurance business. at the end of 2007 stood at N11.6 billion as against N7.4billion
recorded in 2006.

Class of Business 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000
Motor 1,095,737 1,407,249 2,078,551 3,051,832 3,335,197 4,440,185 4,668,347 4,601,038 3,029,968 4,599,727
Fire
270,411 534,189 861,932 946,664 1,136,844 1,258,673 1,425,664 1,522,790 1,145,945 1,381,837
General Accident
396,158 500,086 802,240 1,030,788 1,522,391 1,969,430 2,247,577 2,080,581 1,334,980 2,465,116
Marine Aviation
and Transit
165,868 335,167 699,039 739,062 1,199,400 1,192,445 1,203,386 1,372,225 895,998 1,469,160
Workmen’s
Compensation and 33,783 53,891 148,312 141,279 262,867 538,272 108,543 298,638 156,776 137,756
Employers Liability
Miscellaneous
135,508 379,904 420,348 500,031 483,528 392,117 773,316 879,089 739,439 944,738
Oil & Gas - - - - - - - - 105,157 556,998
Total
2,097,467 3,210,489 5,010,426 6,409,658 7,940,228 9,791,122 10,426,833 10,754,361 7,408,263 11,555,332
65
NON-LIFE ASSETS OF MEMBER COMPANIES FOR 2007
FIXED OTHER MORTGAGE POLICY GOVT & SEMI SHARE STOCK OUTSTANDING OTHER CASH & BANK
ASSET LOAN LOAN LOAN & BOND PREMIUM PREMIUM DEBTORS BALANCES TOTAL
S/NO. NAME OF COMPANY ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO 000
1 A & G INSURANCE CO. LIMITED 373,502 - - - 300,000 4,530,067 712,183 16,015 88,813 6,020,580
2 ADIC INSURANCE LIMITED 235,562 - - - 300,000 2,478,849 282,933 761,142 70,737 4,129,223
3 AIICO INSURANCE PLC. 480,286 - - - 300,000 1,710,822 917,424 800,862 471,825 4,681,219
4 ANCHOR INSURANCE CO. LIMITED 963,642 - - - 300,000 1,456,616 505,733 302,554 21,424 3,549,969
5 1,881,932
CONSOLIDATED HALLMARK INSURANCE PLC - - - 300,000 1,562,210 840,818 66,713 4,651,673
6 CORNERSTONE INSURANCE PLC 296,450 - - - 300,000 4,084,858 841,457 266,036 104,700 5,893,501
7 CRUSADER INSURANCE (NIG. PLC 1,086,302 - - - 430,000 1,490,033 698,836 890,6411,119,150 5,714,962
8 CUSTODIAN & ALLIED INSURANCE PLC 420,498 78,366 - - 340,000 3,615,077 910,543 109,449 122,607 5,596,540
9 EQUITY ASSURANCE PLC 1,923,428 - - - 300,202 2,929,775 800,193 198,692 65,901 6,218,191
10 GNI INSURANCE PLC 208,481 - - - 300,000 2,920,661 191,091 463,809 57,875 4,141,917
11 GOLDLINK INSURANCE PLC 1,467,714 - - - 300,000 1,801,710 1,394,495 - 29,994 4,993,913
12 GUARANTY TRUST ASSURANCE PLC 725,648 - - - 300,000 5,121,436 910,941 - 138,995 7,197,020
13 GUINEA INSURANCE PLC. 36,022 - - - 300,000 660,099 383,050 -2,674,810 4,053,981
14 5,677,950
INDUSTRIAL AND GENERAL INSURANCE PLC 75,187 - - 300,000 6,470,302 4,248,876 - 406,451 17,178,766
15 INSURANCE PHB LIMITED 95,667 - - - 300,000 2,468,995 630,381 - 76,833 3,571,876
PLC. - - 12,935 500,000 1,315,620 2,022,7501,667,8456,258,208 12,127,868
17 INTERNATIONAL ENERGY INSURANCE1,890,077
PLC - - - 322,500 5,798,388 4,315,963 - 218,141 12,545,069
18 INVESTMENT & ALLIED ASSURANCE PLC58,078 - - - 300,000 7,101,634 142,324 163,541 28,475 7,794,052
19 LASACO ASSURANCE PLC 322,455 - - - 300,000 4,335,705 1,093,494 - 90,562 6,142,216
20 LAW UNION & ROCK INSURANCE (NIG.) 327,107
PLC - - - 315,000 3,269,769 907,560 289,773 36,952 5,146,161
21 LEADWAY ASSURANCE CO. LIMITED 631,586 320,000 14,916,607 - 156,336 427,671 16,452,200
22 LINKAGE ASSURANCE PLC 719,788 - - - 300,000 3,535,501 1,898,094 606,354 230,353 7,290,090
23 MUTUAL BENEFITS ASSURANCE PLC 1,036,123 - - - 300,000 4,851,100 1,553,860 -2,206,919 9,948,002
24 N.E.M. INSURANCE PLC. 460,181 - - - 300,000 2,511,106 1,618,872 - 268,640 5,158,799
25 NICON INSURANCE PLC N/A N/A N/A N/A N/A N/A N/A N/A N/A -
26 NIGER INSURANCE PLC. 432,730 - - - 500,000 2,129,702 1,547,402 85,104 174,958 4,869,896
27 NIGERIAN AGRICULTURAL INSURANCE3,200,600
CORP. - - - 300,000 42,500 - 77,419 - 3,620,519
28 OASIS INSURANCE PLC 46,925 46,710 - - 300,000 2,483,158 366,260 35,413 455,377 3,733,843
29 OCEANIC INSURANCE CO. LIMITED 68,397 - - - 320,000 2,752,873 714,195 135,574 427,695 4,418,734
30 PRESTIGE ASSURANCE PLC 555,405 - - - 375,000 3,880,101 1,218,342 74,950 180,605 6,284,403
31 REGENCY ALLIANCE INSURANCE PLC 553,776 - - - 300,000 2,826,270 562,303 39,351 40,094 4,321,794
32 2,534,259
ROYAL EXCHANGE ASSURANCE (NIGERIA ) PLC. - 52,219 - 401,907 5,501,940 109,0681,364,337 882,329 10,846,059
33 SOVEREIGN TRUST INSURANCE PLC 665,771 - 27,600 - 600,500 803,087 1,089,644 - 772,614 3,959,216
34 STANDARD ALLIANCE INSURANCE PLC 703,296 - - - 315,000 6,262,194 - 73,053 34,903 7,388,446
35 STACO INSURANCE PLC 1,549,411 15,532 - - 300,000 3,174,936 950,602 332,935 312,856 6,636,272
36 53,892
STERLING ASSURANCE NIGERIA LIMITED - - - 300,150 2,319,632 1,379,603 119,774 121,858 4,294,909
37 THE UNIVERSAL INSURANCE PLC 2,212,346 - - - 335,000 7,327,411 491,952 - 267,656 10,634,365
38 UNIC INSURANCE PLC 920,231 - - - 205,000 1,855,350 2,617,326 39,694 387,904 6,025,505
39 UNION ASSURANCE CO. LIMITED 68,915 - - - 300,000 3,280,799 423,166 - 89,313 4,162,193
40 UNITRUST INSURANCE CO. LIMITED 1,664,584 - - - 315,000 2,917,341 756,104 - 561,517 6,214,546
41 UNITY KAPITAL ASSURANCE PLC 505,494 - - - 355,550 2,340,017 282,568 277,452 337,813 4,098,894
42 FIN INSURANCE CO. LIMITED 183,676 - - - 300,000 120,240 -3,142,793 259,317 4,006,026
43 411,802
ZENITH GENERAL INSURANCE CO. LIMITED - - - 300,002 4,510,445 718,433 90,0232,330,025 8,360,730
TOTAL 38,000,499 215,795 79,819 12,935 13,750,811 145,464,936 40,208,021 13,421,739 22,919,583 274,074,138

ASSETS OF NON - LIFE INSURANCE OF MEMBER COMPANIES (2003 - 2007)
Non-life insurance companies accumulate vast sums of and semi-Government securities, Shares, Stocks and
money by way of premium collected from policy-holders Bonds, Fixed Assets, Mortgage loans, Policy loans, Other
while the joint stocks companies among them also hold loans, Outstanding premiums, Cash and Currency and Other
considerable amount on shareholders account in form of Debtor.
capital and reserves. The funds collected are usually
invested in various forms of assets. The above amount is an indication that there is still no faithful
The investment of insurance funds are usually subject to application of the “NO Premium NO cover policy as required
prudential regulations as contained in insurance Act 1 of by the insurance Act 1 of 2003.
2003.
The liquidity needs of general funds is by far greater than

those of long term funds. Therefore investments are made
not only to secure as large an investment income as is
compatible with security of capital but also to ensure that
0 50 10 0 15 0 200 250 300

(=N = B ILL IO N S )
2003 2004 2005 2006 2007

No. Assets
’000 ’000 ’000 ’000 ’000
1 FIXED ASSET 12,101,391 24,622,173 27,571,354 27,803,045 38,000,499
(20.0) (26.5) (24.4) (15.5) (13.9 )
2 OTHER LOANS 411,882 506,721 811,756 269,054 215,795
(0.7) (0.5) (0.7) (0.1) (0.1)
265,356 783,023 830,426 50,656 79,819
3 MORTGAGE LOANS (0.4) (0.8) (0.7) (0.3) (0.0)
30,011 73,058 63,265 425,652 12,935
4 POLICY LOAN (0.0) (0.1) (0.1) (0.2) (0.0)
2,432,429 3,795,057 1,965,628 1,871,702 13,750,811
5 GOVT. & SEMI GOVT. (4.0) (4.1) (1.7) (1.0) (5.0)
15,960,705 30,140,423 43,421,609 80,848,041 145,464,936
6 SHARES STOCK & BOND (26.3) (32.4) (38.5) (45.1) (53.1)
11,250,152 13,236,572 18,158,321 31,244,858 40,208,021
7 OUTSTANDING PREMIUM (18.6) (14.2) (16.1) (17.4) (14.7)
13,287,180 13,214,806 14,547,591 7,347387 13,421,739
8 OTHER DEBTORS (21.9) (14.2) (12.9) (4.1) (4.9)
4,851,739 6,629,257 5,502,978 29,590,298 22,919,583
9 CASH & BANK BALANCE (8.0) (7.1) (4.9) (16.5) (8.4)
TOTAL 60,590,845 93,001,090 112,872,928 179,450,693 274,074,138
(100.0) (100.0) (100.0) (100.0) (100.0)
SOURCE: Returns made by member companies to N.I.A. NOTE: Figures are given in Naira. Figures in parenthesis are in percentages.

NON - LIFE LIABILITY OF MEMBER COMPANIES FOR 2007
AUTHORISED ORDINARY SHARE INSURANCE OUTSTANDING OTHER BALANCE

CAPITAL PAID-UP PREMIUM RESERVE CREDITORS FUND CLAIMS TAXATION LIABILITY PROFIT & LOSS TOTAL
NO. COMPANY ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO
1 A & G INSURANCE CO. LIMITED. 3,000,000 3,000,000 - 2,221,567 200,961 405,792 - 192,261 - - 6,020,581
2 ADIC INSURANCE LIMITED. 5,500,000 2,256,546 909,719 (158,897) 136,906 492,089 - 368,502 124,160 - 4,129,025
3 AIICO INSURANCE PLC. 2,500,000 1,045,431 1,250,281 1,208,208 276,674 405,182 111,866 198,440 - - 4,496,082
4 ANCHOR INSURANCE CO LIMITED. - 2,200,000 475,200 773,410 33,381 48,150 7,866 11,961 - - 3,549,968
5 CONSOLIDATED HALLMARK INS. PLC 5,000,000 3,000,000 - 736,648 20,510 675,711 - 218,804 - - 4,651,673
6 CORNERSTONE INSURANCE PLC - 2,942,438 1,396,625 310,754 461,344 575,624 125,984 80,732 - - 5,893,501
7 CRUSADER INSURANCE (NIG.) PLC. 2,500,000 1,415,206 2,169,401 286,543 1,000,711 360,349 375,661 100,051 - 7,040 5,714,962
8 CUSTODIAN & ALLIED INSURANCE PLC 3,500,000 2,000,000 1,091,411 1,484,184 138,788 534,904 151,924 195,326 - - 5,596,537
9 EQUITY ASSURANCE.PLC 4,000,000 3,853,941 674,400 445,609 280,185 353,697 165,762 79,935 351,984 12,675 6,218,188
10 GNI INSURANCE PLC 2,000,000 600,000 411,482 468,936 168,856 157,789 39,242 109,122 2,459,975 (273,485) 4,141,917
11 GOLDLINK INSURANCE PLC 2,750,000 1,963,947 210 1,546,480 699,656 783,620 - - - - 4,993,913
12 GUARANTY TRUST ASSURANCE PLC 5,000,000 1,500,000 296,678 2,265,508 2,105,487 464,987 69,827 266,961 - - 6,969,448
13 GUINEA INSURANCE PLC. 3,000,000 2,550,000 426,969 536,217 325,414 99,098 25,257 84,178 6,848 - 4,053,981
14 INDUSTRIAL AND GENERAL INS. PLC - 3,689,928 5,433,935 6,053,410 47,780 301,441 86,232 865,504 700,536 - 17,178,766
15 INSURANCE PHB LIMITED. 3,000,000 2,671,051 - 192,255 82,312 507,620 - 97,786 20,852 - 3,571,876
16 INTERCONTINENTAL WAPIC INS. PLC. - 2,109,085 5,662,444 1,134,614 - 1,492,783 235,435 504,696 988,811 - 12,127,868
17 INTERNATIONAL ENERGY INS.PLC 8,500,000 2,751,612 1,421,699 6,711,749 767,586 618,589 - 273,834 - - 12,545,069
18 INVESTMENT & ALLIED ASSURANCE PLC 8,800,000 2,895,238 134,762 91,011 - 31,770 41,087 - 4,200,000 53,169 7,447,037
19 LASACO ASSURANCE PLC 3,000,000 2,352,675 629,202 1,061,096 41,997 215,600 135,479 264,805 1,441,361 - 6,142,215
20 LAW UNION & ROCK INS. (NIG.) PLC - 1,718,665 1,363,034 898,816 297,294 428,446 257,237 91,424 91,245 - 5,146,161
21 LEADWAY ASSURANCE CO. LIMITED. 3,000,000 1,794,395 1,458,867 8,761,528 1,104,221 3,130,315 - 202,874 - - 16,452,200
22 LINKAGE ASSURANCE PLC 4,000,000 2,551,395 1,622,179 344,916 240,042 657,029 - 86,991 1,787,538 - 7,290,090
23 MUTUAL BENEFITS ASSURANCE PLC 4,000,000 4,000,000 214,612 1,933,699 119,854 518,944 - 265,472 2,895,421 - 9,948,002
24 N.E.M. INSURANCE PLC. 2,500,000 2,488,461 314,148 1,149,163 121,950 923,938 - 161,139 - - 5,158,799
25 NICON INSURANCE PLC N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A -
26 NIGER INSURANCE PLC. - 1,185,248 983,053 1,516,346 465,551 491,274 - 228,424 - - 4,869,896
27 NIGERIAN AGRICULTURAL INS. CORP. 5,000,000 200,000 - 3,051,530 - 292,319 - - 76,670 - 3,620,519
28 OASIS INSURANCE PLC 3,000,000 2,501,753 583,056 204,116 76,736 49,196 62,090 50,976 - 171,053 3,698,976
29 OCEANIC INSURANCE CO. LIMITED 3,000,000 3,000,000 100,000 94,632 309,162 514,261 17,999 191,778 190,902 - 4,418,734
30 PRESTIGE ASSURANCE .PLC. 2,000,000 859,994 1,349,986 1,660,168 904,730 175,780 167,390 285,095 69,491 811,771 6,284,405
31 REGENCY ALLIANCE INSURANCE PLC 6,000,000 1,075,000 582,453 1,114,468 259,806 296,036 62,055 - 931,976 - 4,321,794
32 ROYAL EXCHANGE ASS. (NIG). PLC. 4,250,000 1,529,949 3,415,676 3,668,524 1,045,262 264,037 468,327 224,369 229,914 - 10,846,058
33 SOVEREIGN TRUST INSURANCE PLC 3,500,000 2,168,232 191,943 594,332 23,529 345,495 32,957 57,266 22,216 523,246 3,959,216
34 STANDARD ALLIANCE INSURANCE PLC 6,000,000 3,571,587 654,777 2,112,088 544,125 311,026 102,724 92,118 - - 7,388,445
35 STACO INSURANCE PLC 2,500,000 2,414,739 693,454 413,941 265,238 518,322 125,385 155,142 1,196,284 853,767 6,636,272
36 STERLING ASSURANCE NIGERIA LTD. 5,000,000 2,718,126 70,393 879,121 206,313 417,968 - 2,990 - - 4,294,911
37 THE UNIVERSAL INSURANCE PLC 8,000,000 8,000,000 825,018 172,760 819,900 132,856 21,051 157,305 - 505,475 10,634,365
38 - 1,141,148 878,055 1,024,589 635,569 469 171,048 39,289 2,135,338 - 6,025,505
UNIC INSURANCE PLC
39 3,000,000 2,225,454 505,339 327,985 175,481 507,827 - 7,537 - 412,570 4,162,193
UNION ASSURANCE CO.LIMITED.
40 5,000,000 2,783,021 - 1,605,861 659,018 599,060 459,336 - - 108,250 6,214,546
UNITRUST INSURANCE CO LIMITED..
41 5,000,000 3,311,170 - 390,497 111,011 114,679 54,763 51,195 - (27,076) 4,006,239
UNITY KAPITAL ASSURANCE PLC
42 3,000,000 3,000,000 242,859 155,420 315,152 203,792 - 88,803 - - 4,006,026
YANKARI INSURANCE CO. LIMITED.
43 6,000,000 1,450,000 4,138,422 597,224 364,125 579,231 114,245 354,497 762,986 - 8,360,730
ZENITH GENERAL INSURANCE CO.LTD.
TOTAL 145,800,000 100,485,435 42,571,742 60,041,026 15,852,617 19,997,095 3,688,229 6,707,582 20,684,508 3,158,455 273,186,689

NON - LIFE LIABILITY OF MEMBER COMPANIES FOR 2005 - 2007
2005 2006 2007

’000 ’000 ’000
Authorised Capital
40,171,667 71,200,000 145,800,000
Ordinary Paid-up 47,659,783 100,485,435

28,084,959 (27.2)
(24.4) 36.8
Share Premium 14,022,401 42,571,742

1,367,960 (8.0)
(1.2) 15.6
Reserve 49,402,002 60,041,026
37,662,790 (28.2)
(32.7) 22.0
Creditors 23,334, 938 15,852,617

20,997,474 (13.3)
(18.2) 5.8
Insurance Fund 11,733,369 13,388,027 19,997,095
(10.2) (7.6) 7.3
Outstanding Claims 6,605,613 5,451,119 3,688,229
(5.7) (3.1) 1.4
Taxation 3,025,629 3,757,446 6,707,582
(2.6) (2.1) 2.5
Other Liability 7,295,472 12,137,093
20,684,508
(6.3) (6.9)
7.6
Bal. Of Profit & Loss (1,502,414) 6,088,029 3,158,455
(-1.3) (3.5) 1.2
Total 115,270,852 175,240,838 273,186,689

(100.0) (100.0) 100.0
2007
ORDINARY PAID-UP
36.8%
BAL. OF PROFIT & LOSS

1.2%
OTHER LIABILITY
7.6%
SHARE PREMIUM
15.6%
TAXATION
2.5%
OUTSTANDING CLAIMS
1.4%
INSURANCE FUND
7.3% RESERVE
22.0%
CREDICTORS
5.8%

Analysis of
Claims Settlement
INSURANCE LARGE CLAIMS
(N1,500,000 AND ABOVE) PAID BETWEEN (2003 - 2007)
The table below shows large claims of N1,500,000 and above paid under various classes of business from 2003 to 2007 and N1,500,000
and above paid in 2007 as reported by some member companies.
The choice of N1,500,000 as the lower limit for the year under review is as a result of the inflationary trend and the declining value of the
naira during the year.
However large claim of N1,500,000 and above paid by some member companies in 2007 amounted to N17.4 billion as against N14.3 billion
paid in 2006.
The analysis of large claims in 2007 shows that the first three highest claims were paid by NICON Insurance Plc. to Petroleum Training
Institute on Withdrawal Benefits, NICON Insurance Plc. to Nigerian Railway Corporation on Withdrawal Benefits and Crusader Life
Insurance Limited to Nigerian Bottling Company Plc on welfare Scheme.
SUMMARY OF THE LARGE CLAIM PAID FROM 2003 - 2007
No Nature of loss 2003 2004 2005 2006 2007

’000 % ’000 % ’000 % ’000 % ’000 %
1 Fire 2,965,775 47.64 15,765,025 75.41 2,937,268 26.95 2,417,626.00 16.87 2,168,330.21 12.44
2 Burglary Theft 760,769 12.22 734,648 3.51 1,011,383 9.28 1,474,951.00 10.29 2,099,528.33 12.04
3 Contractor All Risk 696,306 11.18 1,414,831 6.77 3,697,728 33.92 5,813,955.00 40.58 5,587,842.70 32.05
4 Fidelity Guarantee 212,506 3.41 495,135 2.37 89,436 0.82 410,446.00 2.86 181,668.18 1.04
5 Engineering 131,182 2.11 151,044 0.72 319,217 2.93 674,116.00 4.70 520,016.65 2.98
6 Motor 263,867 4.24 573,652 2.74 485,993 4.46 412,849.00 2.88 1,291,773.24 7.41
7 Personal Accident 132,328 2.13 297,570 1.42 28,693 0.26 298,810.00 2.09 87,268.52 0.50
8 Marine 299,425 4.81 423,603 2.03 628,200 5.76 513,685.00 3.59 936,906.17 5.37
9 Public Liability 33,358 0.45 39,171 0.19 34,731 0.32 212,367.00 1.48 89,302.96 0.51
10 Aviation 84,834 1.36 115,979 0.55 41,600 0.38 114,950.00 0.80 101,608.00 0.58
11 Oil - - - - 217,771 2.00 15,873.00 0.11 202,044.10 1.16
12 General Accident 512,868 8.24 783,316 3.75 1,069,790 9.81 1,366,404.00 9.54 1,146,303.98 6.57
13 Miscellaneous 132,730 2.13 112,538 0.54 338,304 3.10 602,287.00 4.20 148,195.94 0.85
14 Life - - - - - - - - 2,876,282.03 16.50
Total 6,225,949 100.0 20,906,513 100.0 10,900,114 100.00 14,328,319.00 100.00 17,437,071.01 100.00

CLAIMS OF N1.5M AND ABOVE PAID BY NIA MEMBER COMPANIES IN 2007
S/N INSURER INSURED/CLAIMANT NATURE OF LOSS AMOUNT PAID DATE PAID
1 NICON INSURANCE PLC PETROLEUM TRAINING INSTITUTE WITHDRAWAL BENEFITS 400,000,000.00 10/9/2007
2 NICON INSURANCE PLC NIGERIA RAILWAY CORPORATION WITHDRAWAL BENEFITS 358,332,007.99 11/9/2007
3 CRUSADER LIFE INSURANCE LIMITED NIGERIAN BOTTLINNG COMPANY PLC WELFARE SCHEME 327,708,607.96 2007
4 ADIC INSURANCE LIMITED BROLLOPIPES & PROFILES IND. LIMITED ENGINEERING 300,000,000.00 31-12-07
5 CRUSADER LIFE INSURANCE LIMITED ADMINISTRATIVE STAFF COLLEGE OF NIGERIA (ASCON)
LIFE 269,503,895.80 2007
6 ROYAL EXCHANGE ASSURANCE (NIG.) PLC & CO-INSURERS
BANK OF INDUSTRY FIRE PERIL 260,417,879.80 11/9/2007
7 NICON INSURANCE PLC NIGERIAN POSTAL SERVICES WITHDRAWAL BENEFITS 257,984,206.14 31-10-07
8 NICON INSURANCE PLC NATIONAL POPULATION COMMISSION WITHDRAWAL BENEFITS 250,000,000.00 10/9/2007
9 NICON INSURANCE PLC INDEPENDENT NATIONAL ELECTORAL COMMISSION WITHDRAWAL BENEFITS 250,000,000.00 31-10-07
10 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERS
WAPCO PLC/OR ASSOCIATED C CONSEQUENTIAL LOSS 183,115,340.00 20-Aug-07
11 NICON INSURANCE PLC VARIOUS PAYMENTS UNIFIED SCHEME(FEDERALWITHDRAWAL
MINISTRY OF BENEFITS
EDUCATION) 162,243,406.69 31-10-07
12 ZENITH GENERAL INSURANCE COMPANY LIMITED &ZENITH
CO-INSURERS
BANK PLC THEFT 151,111,541.67 28-02-07
13 NICON INSURANCE PLC COUNCIL OF LEGAL EDUCATION WITHDRAWAL BENEFITS 150,000,000.00 10/9/2007
14 NICON INSURANCE PLC NEWS AGENCY OF NIGERIA WITHDRAWAL BENEFITS 147,934,171.00 27-08-07
15 STANDARD LIFE ASSURANCE CO. LIMITED & CO-INSURERS
NIGERIAN NATIONAL PETROLEUM CORPORATIONDEATH 140,412,842.40 14-12-07
16 LASACO ASSURANCE PLC & CO-INSURERS SHELL PETROLEUM DEVELOPMENT CORPORATION OIL ENERGY 132,000,000.00 30-01-07
17 INDUSTRIAL AND GENERAL INSURANCE PLC & CO-INSURERS
SPDC/BILFINGER BERGER OIL CONTRACTOR ALL RISK 127,000,000.00 16-05-07
18 CORNESTONE INSURANCE PLC & CO-INSURERS UBA PLC THEFT (ROBBERY) 126,045,000.00 2/2/2007
19 INSURANCE PHB LIMITED & CO-INSURERS SNEPCO & JOINT VENTURES CONTRACTOR ALL RISK 125,330,620.80 4/6/2007
20 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSURERS
FIRST BANK NIGRIA PLC DEATH 124,771,903.80 2007
21 CRUSADER LIFE INSURANCE LIMITED NATIONAL PRIMARY HEALTH CARE DEVELOPMENT WELFARE
AGENCYSCHEME 123,149,467.79 2007
22 UNION ASSURANCE COMPANY LIMITED & CO-INSURERS
SEA PETROLEUM & GAS MARINE 120,800,000.00 23-04-07
23 LASACO ASSURANCE PLC & CO-INSURERS AES NIGERIA BERGERS FIRE 111,665,184.35 19-11-07
24 NICON INSURANCE PLC OAS HELICOPTER AVIATION 101,608,000.00 MARCH, 2007
25 ROYAL EXCHANGE ASSURANCE (NIG.) PLC PETROLEUM EQUALIZATION FUND STAFF RETIREMENT SCHEME 100,000,000.00 7/7/2007
26 NICON INSURANCE PLC FEDERAL ROAD SAFETY COMMISSION WITHDRAWAL BENEFITS 100,000,000.00 10/9/2007
27 ACEN INSURANCE CO. LIMITED & CO-INSURERS SAIPEM CONTRACTING NIGERIA LIMITED ACCIDENT 96,425,000.00 23-04-07
28 CRUSADER LIFE INSURANCE LIMITED THE NIGERIAN STOCK EXCHANGE WELFARE SCHEME 90,937,541.98 2007
FIRST BANK OF NIGERIA PLC CASH-IN-TRANSIT 90,000,000.00 31-May-07
31 CORNERSTONE INSURANCE PLC & CO-INSURERS PORTLAND PAINTS & PRODUCTS FIRE 85,728,355.00 DECEMBER, 2007
32 ADIC INSURANCE LIMITED & CO-INSURERS DIAMOND BANK PLC THEFT (ARMED ROBBERY) 84,981,187.50 18-04-07
CELTEL NIGERIA LIMITED INJURY 83,868,383.33 23-Oct-07
THE NIGERIA POLICE FORCE DEATH/INJURY 82,062,630.00 2007
35 EQUITY ASSURANCE PLC & CO-INSURERS BOURBON INTEROIL NIGERIA LIMITED MARINE HULL 82,000,000.00 17-09-07
36 Aiico INSURANCE PLC & CO-INSURERS STERLING BANK PLC THEFT (FRAUD) 81,495,065.60 MAY, 2007
37 AFRICAN ALLIANCE INSURANCE CO. LIMITED & CO-INSURERS
NIGERIAM AGIP OIL COMPANY LIMITED DEATH 79,055,696.00 14-03-07
38 MUTUAL BENEFITS ASSURANCE PLC SUSTIN ENGINEERING / EXPRESS D/H MARINE 73,125,000.00 4/5/2007
39 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSBETA GLASS PLC FIRE 70,363,231.90 NOVEMBER, 2007
40 NICON INSURANCE PLC & CO-INSURERS HABIB NIGERIA BANK LIMITED THEFT (CASH IN TRANSIT) 70,000,000.00 JULY, 2007
41 GOLDLINK INSURANCE PLC & CO-INSURERS NIGERIA AVIATION HANDLING COMPANY LIMITEDPUBLIC LIABILITY 67,500,000.00 19-01-07
42 CRUSADER LIFE INSURANCE LIMITED & CO-INSURERS
MOBIL PRODUCING NIGERIA UNLIMITED DEATH 66,777,882.00 2007
43 NICON INSURANCE PLC & CO-INSURERS NIGERIAN NATIONAL PETROLEUM CORPORATIONFIRE DAMAGE 66,171,311.40 FEBRUARY, 2007
44 LEADWAY ASSURANCE COMPANY LIMITED NIGERIAN NATIONAL PETROLEUM CORPORATIONFIRE 66,059,849.00 10-Apr-07
45 AFRICAN ALLIANCE INSURANCE COMPANY LIMITEDNIGERIAN
& CO-INSURERS
AGIP OIL COMPANY DEATH 65,880,746.67 2007
46 GOLDLINK INSURANCE PLC & CO-INSURERS NIGERIAN NATIONAL PETROLEUM CORPORATIONCOMBINE POLICY 65,000,000.00 19-01-07
48 INDUSTRIAL AND GENERAL INSURANCE PLC ADDAX PETROLEUM DEVELOPMENT NIG. LTD. LIFE 64,348,899.75 5/9/2007
50 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERS
FIRST BANK OF NIGERIA PLC ACCIDENT 60,697,233.33 3/7/2007
51 ROYAL EXCHANGE ASSURANCE (NIG.) PLC PETROLEUM EQUALIZATION FUND STAFF RETIREMENT SCHEME 60,000,000.00 1/11/2007
52 NICON INSURANCE PLC CITIZENSHIP & LEADERSHIP TRAINING CENTRE WITHDRAWAL BENEFITS 60,000,000.00 31-10-07
THE NIGERIA POLICE FORCE DEATH/INJURY 59,632,600.00 AUGUST, 2007
ARCHITECTIRAL PRODUCTS LIMITED FIRE 57,143,737.13 19-01-07
SPDC LIFE 56,525,518.23 19-06-07
56 SOVEREIGN TRUST INSURANCE PLC & CO-INSURERS NIGERIA LNG LIMITED DEATH 55,520,664.43 4/12/2007
FRIESLAND FOODS WAMCO NIGERIA PLC DEATH 53,431,278.33 2007
58 CRUSADER LIFE INSURANCE LIMITED FLOUR MILLS OF NIGERIA PLC WELFARE SCHEME 52,812,613.25 2007
59 NIGER INSURANCE PLC & CO-INSURERS M. L. LEE GROUP FIRE INCIDENT 51,181,663.44 14-02-07
61 NICON INSURANCE PLC TRUSTEES OF NIGERIA RAILWAY CORPORATION WITHDRAWAL BENEFITS 50,000,000.00 10/9/2007
62 NICON INSURANCE PLC PEOPLES BANK OF NIGERIA WITHDRAWAL BENEFITS 50,000,000.00 31-10-07
63 NICON INSURANCE PLC NIGERIAN TOURISM DEVELOPMENT CORPORATION WITHDRAWAL BENEFITS 50,000,000.00 31-10-07
64 NICON INSURANCE PLC NIGERIAN SHIPPERS COUNCIL WITHDRAWAL BENEFITS 50,000,000.00 31-10-07
65 NICON INSURANCE PLC NIGERIAN MINING CORPORATION WITHDRAWAL BENEFITS 50,000,000.00 31-10-07
66 NICON INSURANCE PLC NIGERIA FILM CORPORATION WITHDRAWAL BENEFITS 50,000,000.00 31-10-07
67 NICON INSURANCE PLC NATIONAL ORIENTATION AGENCY WITHDRAWAL BENEFITS 50,000,000.00 31-10-07
68 NICON INSURANCE PLC NATIONAL INSTITUTE OF POLICY & STRATEGIC STUDIES,
WITHDRAWAL
KURUBENEFITS 50,000,000.00 31-10-07
69 NICON INSURANCE PLC NATIONAL DRUG LAW ENFORCEMENT AGENCY WITHDRAWAL BENEFITS 50,000,000.00 31-10-07
70 NICON INSURANCE PLC NATINAL INSTITUTE FOR SOCIAL ECONOMIC RESEARCH
WITHDRAWAL BENEFITS 50,000,000.00 31-10-07

71 NICON INSURANCE PLC MICHAEL IMODU INSTITUTE FOR LABOUR STUDIES,

WITHDRAWAL
ILORIN BENEFITS 50,000,000.00 10/9/2007
72 NICON INSURANCE PLC CENTRE FOR AUTOMATIVE DESIGN & DEVELOPMENT
WITHDRAWAL BENEFITS 50,000,000.00 10/9/2007
THE NIGERIA POLICE FORCE DEATH/INJURY 49,440,747.00 JULY, 2007
BANK OF INDUSTRY FIRE 49,249,606.67 11/9/2007
75 OCEANIC INSURANCE COMPANY LIMITED FIOGRET MARINE 48,831,724.80 DECEMBER, 2007
H. F. FIRE INT’L/UACN MISC (BOND) 47,313,300.00 JANUARY, 2007
77 NICON INSURANCE PLC NATIOANAL DIRECTORATE OF EMPLOYMENT WITHDRAWAL BENEFITS 47,000,000.00 10/9/2007
78 Aiico INSURANCE PLC & CO-INSURERS STERLING BANK PLC MONEY INSURANCE 46,539,141.60 8/8/2007
79 NICON INSURANCE PLC NATIONA THEATRE & NATIONAL TROUPE OF NIGERIA
IBTC CHARTERED BANK PLC. THEFT 45,000,000.00 16-Nov-07
82 CRUSADER GENERAL INSURANCE LIMITED & CO-INSURERS
TANTALIZERS LIMITED FIRE & SPECIAL PERILS 43,484,998.90 28/11/2007
83 UNITRUST INSURANCE COMPANY LIMITED & CO-INSURERS
SWIFT OIL LIMITED MARINE DAMAGE 43,189,627.53 6/6/2007
84 CRUSADER INSURANCE PLC & CO-INSURERS TANTALIZERS LIMITED FIRE 42,959,498.90 11/12/2007
86 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSNIG. DEV. CONSTRUCTION CO. LIMITED MARINE DAMAGE 40,883,335.56 APRIL, 2007
87 NICON INSURANCE PLC NATIONAL GALLERY OF ARTS WITHDRAWAL BENEFITS 40,000,000.00 31-10-07
88 NICON INSURANCE PLC NATIONAL COUNCIL FOR ARTS & CULTURE WITHDRAWAL BENEFITS 40,000,000.00 31-10-07
89 NICON INSURANCE PLC NATIONAL COMMISSION FOR MUSEUM & MONUMENTS
90 NICON INSURANCE PLC NATIONAL BUSINESS & TECHNICAL EXAMINANTION
WITHDRAWAL
BOARD BENEFITS 40,000,000.00 31-10-07
91 NICON INSURANCE PLC FEDERAL SCHOOL OF SURVEY WITHDRAWAL BENEFITS 40,000,000.00 10/9/2007
92 LASACO ASSURANCE PLC & CO-INSURERS NEPA & OTHERS DAMAGE TO EQUIPMENT 38,100,000.00 24-01-07
THE NIGERIA POLICE FORCE DEATH/INJURY 37,342,274.00 AUGUST, 2007
FLOUR MILLS OF NIGERIA PLC FIRE 36,981,321.40 JULY, 2007
CAPITAL BANK INTERNATIONAL FRAUD 36,757,974.00 24-Dec-07
FIRST CITY MONUMENT BANK PLC THEFT (CASH IN TRANSIT) 36,095,808.13 NOVEMBER, 2007
97 SA INSURANCE PLC & CO-INSURERS STANDARD TRUST BANK PLC THEFT OF MONEY 36,000,000.00 4/7/2007
98 NIGER INSURANCE PLC & CO-INSURERS IHIALA COMMUNITY BANK THEFT 36,000,000.00 12-Sep-07
99 CRUSADER LIFE INSURANCE LIMITED MTN NIGERIA COMMUNICATIONS LIMITED DEATH 35,838,580.00 2007
100 CUSTODIAN & ALLIED INSURANCE PLC GMT NIGERIA LIMITED MARINE CARGO 35,577,806.44 15-05-07
FIRST BANK OF NIGERIA PLC THEFT (CASH IN TRANSIT) 35,422,612.60 JUNE, 2007
102 ZENITH GENERAL INSURANCE COMPANY LIMITED ENERGY MASTER GLOBAL SRVICES MARINE HULL 35,000,000.00 14-12-07
& CO-INSURERS
FCMB GROUP GROUP LIFE 34,110,000.00 19-07-07
105 NICON INSURANCE PLC NIGERIA COMMUNICATION COMMISION WITHDRAWAL BENEFITS 33,935,980.00 31-10-07
ASHAKACEM PLC ACCIDENTAL DAMAGE/OWN DAMAGE 32,875,000.00 9-May-07
ASHAKACEM PLC ACCIDENTAL DAMAGE/OWN DAMAGE 32,875,000.00 9-May-07
NSPMC LIFE 32,677,165.47 11/12/2007
THE NIGERIA POLICE FORCE DEATH/INJURY 32,385,480.00 OCTOBER, 2007
NIGERIAN BOTTLING COMPANY PLC MISAPPROPIATION 32,234,013.00 16-Oct-07
111 CUSTODIAN & ALLIED INSURANCE PLC & CO-INSURERS
NIGERIAN NATIONAL PETROLEUM CORPORATION MOTOR 32,062,500.00 20-11-07
112 NICON INSURANCE PLC NIGERIAN CUSTOM SERVICES WITHDRAWAL BENEFITS 32,000,000.00 22-05-07
113 NICON INSURANCE PLC MARITIME ACADEMY OF NIGERIA WITHDRAWAL BENEFITS 32,000,000.00 10/9/2007
114 GUARDIAN EXPRESS ASSURANCE CO. LIMITED & CO-INSURERS
SPRING BANK PLC THEFT (CASH IN TRANSIT) 31,914,638.00 FEBRUARY, 2007
NIGERIA AGRIC COOP RURAL & DEVELOPMENT BANK
DEATH 31,786,396.65 2007
116 FIRE EQUITY & GENERAL INSURANCE CO. LIMITED BILFINGERS
& CO-INSURERSBERGER GAS CONTRACTOR ALL RISK 30,853,850.00 27/4/2007
117 Aiico INSURANCE PLC & CO-INSURERS ECOBANK NIGERIA PLC THEFT (CASH IN TRANSIT) 30,812,960.00 JULY, 2007
118 FIRE EQUITY & GENERAL INSURANCE CO. LIMITED BILFINGER
& CO-INSURERS
BERGER GAS & OIL SERVICES ENGINEERING (DAMAGE TO PIPE) 30,384,750.00 4/5/2007
119 GOLDLINK INSURANCE PLC & CO-INSURERS NIGERIAN NATIONAL PETROLEUM CORPORATION FIRE & SPECIAL PERILS 30,126,160.60 28-11-07
120 NICON INSURANCE PLC STANDARD ORGANISATION OF NIGERIA WITHDRAWAL BENEFITS 30,000,000.00 31-10-07
121 NICON INSURANCE PLC NIGERIA EXPORT PROCESSING ZONE AUTHORITYWITHDRAWAL BENEFITS 30,000,000.00 31-10-07
122 NICON INSURANCE PLC NATIONAL AGRICULTURAL LAND DEVELOPMENTWITHDRAWAL
AUTHOROTY BENEFITS 30,000,000.00 31-10-07
123 NICON INSURANCE PLC ADVERTISING PRACTIONERS COUNCIL OF NIGERIA
& CO-INSURERS
PYTHON ENGINEERING COMPANY LIMITED FIRE 27,688,833.00 11-Sep-07
126 SA INSURANCE PLC & CO-INSURERS UBA THEFT OF MONEY 27,422,100.00 3/8/2007
127 INTERCONTINENTAL WAPIC INSURANCE PLC & CO-INSURERS
INTERCONTINENTAL BANK PLC THEFT (ARMED ROBBERY) 27,142,857.14 11/6/2007
128 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSFLOUR MILLS OF NIGERIA PLC ALL RISK 26,873,914.00 22-03-07
129 ADIC INSURANCE LIMITED GEOMARINE SYSTEMS LIMITED FIRE 26,331,605.57 11/7/2007
130 ROYAL EXCHANGE ASSURANCE (NIG.) PLC GLANVILL ENTHOVEN & CO. LIMITED STAFF RETIREMENT SCHEME 26,000,000.00 2/10/2007
131 UNITRUST INSURANCE COMPANY LIMITED ROFICO LIMITED FIDELITY GUARANTTEE 25,941,816.50 3/6/2007
132 CRUSADER GENERAL INSURANCE LIMITED COMMITTEE OF VICE CHANCELLORS OF NIGERIAN
FIREFEDERAL
DAMAGEUNIVERSITY 25,645,795.18 9/10/2007
ECOBANK NIGERIAN PLC COMBINED/IND/ALL RISK 25,344,841.90 15/10/2007
& CO-INSURERS
135 UNITRUST INSURANCE COMPANY LIMITED RATCON CONSTRUCTION THEFT/BURGLARY 25,333,380.02 22-02-07
136 GUARANTY TRUST ASSURANCE PLC COPORETTI SUPPORT SERVICES MISC (BOND) 25,144,950.00 7/11/2007
137 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSATLANTIC SHRIMPERS LTD MARINE HULL 25,020,000.00 1/11/2007
138 NICON INSURANCE PLC TRUSTEES OF PETROLEUM TRAINING INSTITUTEWITHDRAWAL BENEFITS 25,000,000.00 16-03-07
139 NEM INSURANCE PLC & CO-INSURERS SAIPEM CONTRACTING NIGERIA LIMITED EAR 25,000,000.00 9/10/2007
140 NICON INSURANCE PLC PETROLEUM TRAINING INSTITUTE WITHDRAWAL BENEFITS 25,000,000.00 28-05-07

141 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERSECOBANK NIGERIA PLC 25-Oct-07
BURGLARY 24,922,050.67
142 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSATLANTIC SHRUMPER LIMITED OCTOBER, 2007
MARINE DAMAGE 24,750,000.00
143 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSATLANTIC SHRUMPER LIMITED OCTOBER, 2007
FIRST CITY MONUMENT BANK PLC 27-12-07
THEFT (ROBBERY) 24,466,442.50
145 NICON INSURANCE PLC FAMILY HEALTH INTERNATIONAL 17-04-07
WITHDRAWAL BENEFITS 24,201,927.91
146 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERSUNITED BANK FOR AFRICA PLC JULY, 2007
FIDELITY GUARANTEE 24,181,465.50
147 LINKAGE ASSURANCE PLC & CO-INSURERS OBAJANA CEMENT PLC 14-05-07
148 ROYAL EXCHANGE ASSURANCE (NIG.) PLC MANDILAS ENTERPRISES LIMITED JULY, 2007
ENGINEERING 24,015,610.60
149 CRUSADER LIFE INSURANCE LIMITED A. G. LEVETIS (NIG) PLC 2007
WELFARE SCHEME 24,001,185.81
150 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERSTOTALFINA ELF PETROLEUM 23-Feb-07
DEATH 23,472,000.00
151 NICON INSURANCE PLC THE TRUSTEES OF KADUNA POLYTECHNIC, KADUNA 10/9/2007
P. Z. GROUP OF COMPANIES 21-Feb-07
PARTICULAR AVERAGE (DAMAGE) 23,005,470.50
153 CUSTODIAN & ALLIED INSURANCE PLC & CO-INSURERSFOLAWIYO ENERGY LIMITED/ENERGEM 15-10-07
ENERGY 22,765,050.00
SPDC 8/3/2007
LIFE 22,693,431.70
SPDC 18/10/2007
LIFE 22,693,431.70
SPDC 18/10/2007
LIFE 22,693,431.70
SPDC 8/11/2007
LIFE 22,693,431.70
SPDC 5/12/2007
LIFE 22,693,431.70
159 UNITRUST INSURANCE COMPANY LIMITED RAGOLIS NIGERIA LIMITED 4/10/2007
FIRE 22,671,345.63
160 STANDARD TRUST ASSURANCE PLC & CO-INSURERS EKO HOTELS LIMITED 16-05-07
ENGINEERING (DAMAGE TO MACHINERY) 22,611,039.30
161 NEM INSURANCE PLC & CO-INSURERS POLO LIMITED 12/12/2007
FIRE 22,501,666.16
THE NIGERIA POLICE FORCE 2007
DEATH/INJURY 22,500,000.00
163 CUSTODIAN & ALLIED INSURANCE PLC & CO-INSURERSFOLAWIYO ENERGY LIMITED/ENERGEM 15-11-07
ENERGY 22,453,200.00
164 KAPITAL INSURANCE COMPANY LIMITED & CO-INSURERS
BANK OF THE NORTH 9/7/2007
ACCIDENT 22,191,478.60
165 UNION ASSURANCE COMPANY LIMITED & CO-INSURERS UNION BANK OF NIGERIA Plc 12-Sep-07
FIDELITY GUARANTEE (FRAUD) 22,021,026.00
166 ROYAL EXCHANGE ASSURANCE (NIG.) PLC SIGMA VAUGHAN STERLING PENSIONS LIMITED 17-10-07
DEATH 21,999,997.80
167 ACEN INSURANCE CO. LIMITED & CO-INSURERS FRIESLAND FOODS WAMCO NIGERIA PLC 23-01-07
COLLAPSED OF BOILER 21,945,000.00
168 CRUSADER LIFE INSURANCE LIMITED & CO-INSURERSGUINESS NIGERIA PLC 19-09-07
GROUP LIFE 21,718,170.00
169 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERSNIGERIAN LIQUIFIED NATURAL GAS 21-11-07
GROUP LIFE 21,244,299.35
INTERCONTINENTAL BANK PLC 23-05-07
THEFT/BURGLARY 21,239,255.71
171 GUARDIAN EXPRESS ASSURANCE CO. LIMITED & CO-INSURERS
DANICO WEST AFRICA LIMITED 26-04-07
FIRE INCIDENT 20,880,517.70
C & I LEASING PLC 19/3/2007
MARINE HULL 20,857,642.00
SPDC 16-03-07
LIFE 20,734,191.45
SPDC 19-06-07
LIFE 20,734,191.45
SPDC 17-12-07
LIFE 20,734,191.45
176 GUARANTY TRUST ASSURANCE PLC & CO-INSURERS GRAND PRODUCTS LIMITED 31-07-07
FIRE 20,412,168.70
NIGERIA LIQUIFIED NATURAL GAS 8/8/2007
DEATH 20,102,246.05
178 CUSTODIAN & ALLIED INSURANCE PLC & CO-INSURERSNIGERIAN NATIONAL PETROLEUM CORPORATION 21-11-07
ENERGY 20,084,107.10
179 NICON INSURANCE PLC NIGERIAN INSTITUTE OF ADVANCED LEGAL STUDIES 31-10-07
180 NICON INSURANCE PLC NIGERIA COPYRIGHT COMMISSION 31-10-07
181 NICON INSURANCE PLC NATIONAL CENTRE FOR ECONOMIC MANAGEMENT & ADMINISTRATION 31-10-07
182 GUARANTY TRUST ASSURANCE PLC & CO-INSURERS JULIUS BERGER NIGERIA PLC 3/7/2007
ACCIDENT 20,000,000.00
183 NICON INSURANCE PLC COMMUNITY HEALTH PRACTITIONERS REGISTRATION BOARD 10/9/2007
184 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERSNIGERIAN LIQUIFIED NATURAL GAS 8/11/2007
GROUP LIFE 19,917,906.20
MTN COMMUNICATIONS LIMITED 28/12/2007
FIRE/PERIL 19,788,524.00
186 LAW UNION & ROCK INSURANCE PLC & CO-INSURERS TOWER ALUMINUM PLC 11/12/2007
ENGINEERING 19,783,044.00
187 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NESTLE NIGERIA PLC 19-07-07
MARINE CARGO 19,757,934.62
188 ROYAL EXCHANGE ASSURANCE (NIG.) PLC SAIPEM CONTRACTING NIGERIA LIMITED SEPTEMBER, 2007
CONTRACTOR ALL RISK 19,517,081.00
189 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERSTOTAL NIGERIA LIMITED JUNE, 2007
FIRE DAMAGE 19,423,054.00
190 Aiico INSURANCE PLC & CO-INSURERS STERLING BANK PLC AUGUST, 2007
THEFT (CASH IN TRANSIT) 19,060,020.00
191 Aiico INSURANCE PLC & CO-INSURERS STERLING BANK PLC SEPTEMBER, 2007
THEFT (CASH IN TRANSIT) 19,060,020.00
192 PRESTIGE ASSURANCE PLC & CO-INSURERS REDSTAR EXPRESS LIMITED 23/3/2007
FIRE 18,966,981.00
193 AFRICAN ALLIANCE INSURANCE COMPANY LIMITED & CO-INSURERS
NIGERIAN AGIP OIL COMPANY 2007
DEATH 18,945,072.00
194 Aiico INSURANCE PLC COMPASS / PATHFINDER JULY, 2007
PERSONAL ACCIDENT 18,473,982.00
193 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSIMOH ABASI TRANS OCTOBER, 2007
MOTOR (OWN DAMAGE) 18,271,447.98
196 UNION ASSURANCE COMPANY LIMITED & CO-INSURERS UNION BANK OF NIGERIA PLC 26-Nov-07
FIRE 18,087,310.00
197 ROYAL EXCHANGE ASSURANCE (NIG.) PLC PETROLEUM EQUALIZATION FUND 18-10-07
DEATH 18,061,182.00
198 CRUSADER LIFE INSURANCE LIMITED DUBRI OIL COMPANY LIMITED 2007
SAIPEM CONTRACTING NIGERIA LIMITED MAY, 2007
FIRE DAMAGE 17,895,581.60
200 LAW UNION & ROCK INSURANCE PLC & CO-INSURERS BETA GLASS PLC DECEMBER, 2007
FIRE 17,839,924.40
201 CRUSADER LIFE INSURANCE LIMITED & CO-INSURERSDUNLOP NIGERIA PLC 2007
DEATH 17,612,076.67
202 CRUSADER LIFE INSURANCE LIMITED NIGERIAN BOTTLING COMPANY PLC 2007
DEATH 17,453,304.04
203 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSSKYE BANK PLC JULY, 2007
THEFT (FRAUD) 17,289,849.60
204 CRUSADER LIFE INSURANCE LIMITED NORTHERN CABLE PROCESSING MFG CO. 2007
205 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERSCELTEL NIGERIA LIMITED 8-Nov-07
FIRE 17,114,694.00
206 INSURANCE PHB & CO-INSURERS DIAMOND BANK PLC 4/7/2007
THEFT OF MONEY 17,018,737.80
207 GOLDLINK INSURANCE PLC & CO-INSURERS NIGERIAN AVIATION HANDLING 6/2/2007
ACCIDENT 16,875,000.00
208 Aiico INSURANCE PLC & CO-INSURERS ECOBANK NIGERIA PLC OCTOBER, 2007
FIRE 16,614,700.53
209 CRUSADER LIFE INSURANCE LIMITED BERGER PAINTS NIGERIA PLC 2007
UNITED BANK FOR AFRICA PLC 7-Sep-07
THEFT 16,415,195.00

211 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC FIDELITY GUARANTEE 15,631,800.99 OCTOBER, 2007
212 NICON INSURANCE PLC NATIONAL BOARD FOR TECHNICAL EDUCATION, WITHDRAWAL BENEFITS 15,387,465.00 31-10-07
213 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSURERSUNITED BANK FOR AFRICA PLC CASH-IN-PREMISES 15,338,922.00 4-Oct-07
214 NICON INSURANCE PLC THE TRUSTEES OFNIGERIA EDUCATION RESEARCHWITHDRAWAL BENEFITS
& DEVELOPMENT COUNCIL 15,331,845.98 10/9/2007
215 GUARANTY TRUST ASSURANCE PLC & CO-INSURERS ADDAX PETROLEUM DEVELOPMENT NIG. LTD. LIFE 15,321,600.00 15-06-07
216 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERS NIGERIA AGIP OIL ACCIDENT 15,226,017.60 6/6/2007
217 C & I LEASING PLC
CRUSADER GENERAL INSURANCE LIMITED & CO-INSURERS MARINE HULL 15,033,138.75 19/3/2007
218 NICON INSURANCE PLC INEC WITHDRAWAL BENEFITS 15,000,000.00 28-05-07
219 NICON INSURANCE PLC FAMILY HEALTH INTERNATIONAL WITHDRAWAL BENEFITS 15,000,000.00 16-03-07
220 PRESTIGE ASSURANCE PLC & CO-INSURERS REDSTAR EXPRESS LIMITED FIRE 14,966,981.00 23/3/2007
221 EQUITY ASSURANCE PLC & CO-INSURERS JULIUS BERGER NIGERIA PLC FIRE 14,907,142.86 11/12/2007
222 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERS TOTALFINA ELF PETROLEUM DEATH 14,878,080.00 7-Nov-07
223 NIGERIAM AGIP OIL COMPANY LIMITED
AFRICAN ALLIANCE INSURANCE CO. LIMITED & CO-INSURERS DEATH 14,873,616.00 14-03-07
224 LAW UNION & ROCK INSURANCE PLC & CO-INSURERS PRUDENT BANK PLC THEFT (CASH IN TRANSIT) 14,734,113.85 SEPTEMBER, 2007
225 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERS NIGERIA AGIP OIL COMPANY DEATH 14,730,840.00 3-Dec-07
226 NIGER INSURANCE PLC & CO-INSURERS SPRING BANK PLC CASH-IN-TRANSIT 14,700,000.00 25-Jan-07
227 UNITRUST INSURANCE COMPANY LIMITED SETRACO NIGERIA LIMITED FIRE 14,613,376.67 23-07-07
228 NIGERIAN AGIP OIL COMPANY
AFRICAN ALLIANCE INSURANCE COMPANY LIMITED & CO-INSURERS DEATH 14,266,272.00 2007
229 CRUSADER LIFE INSURANCE LIMITED FLOUR MILLS OF NIGERIA PLC DEATH 14,133,245.80 2007
230 UNITRUST INSURANCE COMPANY LIMITED GOODIES SUPERMARKET FIRE 14,123,951.71 24-10-07
231 STANDARD ALLIANCE INSURANCE PLC BARRISTER B. E. I. NWOFOR (SAN) MOTOR 14,112,000.00 6/2/2007
232 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSURERSCONOIL PLC AND/OR SUBSIDARY SHORTAGES 13,764,143.25 9-Oct-07
233 CUSTODIAN & ALLIED INSURANCE PLC & CO-INSURERSNIGERIAN NATIONAL PETROLEUM CORPORATION/CTSSMOTOR 13,601,250.00 5/11/2007
234 CUSTODIAN & ALLIED INSURANCE PLC FUB NIGERIA LIMITED MOTOR 13,467,000.00 13-11-07
235 CUSTODIAN & ALLIED INSURANCE PLC & CO-INSURERSNIGERIAN NATIONAL PETROLEUM CORPORATION MOTOR 13,464,000.00 20-06-07
236 LINKAGE ASSURANCE PLC GUSAU & RARA CONSTRUCTION FLOOD 13,437,116.00 13-02-07
237 STANDARD ALLIANCE INSURANCE PLC STANDARD TRUST BANK PLC THEFT OF MONEY 13,216,206.60 3/8/2007
238 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERS UAC OF NIGERIA PLC & SUBS FIRE 13,186,266.00 1-Mar-07
239 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERS DIZENGOFF (W. A.) LIMITED FIRE 13,128,463.25 AUGUST, 2007
240 NICON INSURANCE PLC NEWS AGENCY OF NIGERIA WITHDRAWAL BENEFITS 13,000,000.00 28-05-07
241 EQUITY ASSURANCE PLC & CO-INSURERS PETROLEUM & NATURAL GAS MOTOR 12,960,000.00 22-02-07
242 SPDC
INDUSTRIAL AND GENERAL INSURANCE PLC & CO-INSURERS LIFE 12,910,340.23 8/11/2007
243 CUSTODIAN & ALLIED INSURANCE PLC & CO-INSURERSNIGERIAN NATIONAL PETROLEUM CORPORATION/CTSSMOTOR 12,555,000.00 27-03-07
244 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSURERSSPRING BANK PLC CASH-IN-TRANSIT 12,509,460.67 12-Dec-07
245 LAW UNION & ROCK INSURANCE PLC & CO-INSURERS SAIPEM CONTRACTING NIGERIA LIMITED FIRE 12,500,000.00 DECEMBER, 2007
247 NEM INSURANCE PLC & CO-INSURERS NIG. INTER BANK SYSTEM FIRE 12,343,968.00 2/11/2007
248 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NETWORKS HOTEL LIMITED FIRE 12,312,129.93 12/7/2007
250 HERCULES OFFSHORE NIGERIA LIMITED
EQUITY LIFE INSURANCE COMPANY LIMITED & CO-INSURERS GROUP LIFE 12,270,150.00 21-12-07
251 NIGERIA RAILWAY CORPORATION
INDUSTRIAL AND GENERAL INSURANCE PLC & CO-INSURERS ACCIDENT 12,264,777.00 12/2/2007
252 SPDC
253 SPDC
254 NICON INSURANCE PLC NIGERIA CUSTOM SERVICE WITHDRAWAL BENEFITS 12,000,000.00 16-03-07
255 NICON INSURANCE PLC NATIONA EXAMINATIN COUNCIL (NECO) WITHDRAWAL BENEFITS 12,000,000.00 10/9/2007
256 CONSOLIDATED HALLMARK INSURANCE PLC NIGER OFFSHORE SERVICES LIMITED WORKMEN COMPENSATION 11,867,260.00 27-02-07
257 INTERCONTINENTAL BANK PLC
INTERCONTINENTAL WAPIC INSURANCE PLC & CO-INSURERS THEFT 11,849,614.64 26-04-07
258 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSHF FIRE INTERNATIONAL INS./UACN ENGINEERING (FAILURE TO PERFORM) 11,819,323.60 MAY, 2007
259 NICON INSURANCE PLC THE TRUSTEES OF YABA COLLEGE OF TECHNOLOGY,WITHDRAWAL
YABA BENEFITS 11,729,211.82 10/9/2007
260 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSURERSP. Z. GROUP OF COMPANIES PARTICULAR AVERAGE (DAMAGE) 11,658,704.00 23-Feb-07
261 GUARANTY TRUST ASSURANCE PLC & CO-INSURERS JULIUS BERGER NIGERIA PLC FIRE 11,650,000.00 6/12/2007
262 EQUITY LIFE INSURANCE COMPANY LIMITED MONI PULO LIMITED GROUP LIFE 11,387,400.00 10/9/2007
263 CRUSADER INSURANCE PLC & CO-INSURERS FIRST CITY MONUMENT BANK PLC DEATH 11,370,000.00 28-08-07
264 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERS CELTEL NIGERIA LIMITED FIRE 11,258,835.00 5-Mar-07
265 FIRST CITY MONUMENT BANK PLC
ROYAL EXCHANGE ASSURANCE (NIG.) PLC & CO-INSURERS THEFT/BURGLARY 11,036,903.30 8/3/2007
266 INTERNATIONAL ENERGY INSURANCE PLC MARINE DREDGING & HYDRRO ALLIED MISC (PERFORMANCE BOND) 11,000,000.00 14-05-07
267 Aiico INSURANCE PLC & CO-INSURERS MOBIL PRODUCING NIGERIA UNLIMITED PERSONAL ACCIDENT 10,994,271.50 NOVEMBER, 2007
269 UNITRUST INSURANCE COMPANY LIMITED B. SAFFIEDINE FIRE 10,875,848.25 4/10/2007
270 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, AUCHI WITHDRAWAL BENEFITS 10,674,862.03 10/9/2007
272 CRUSADER LIFE INSURANCE LIMITED & CO-INSURERSGUINESS NIGERIA PLC DEATH 10,613,825.92 2007
273 ROYAL EXCHANGE ASSURANCE (NIG.) PLC TRANS CONTINENTAL (NIG) LIMITED MOTOR 10,600,000.00 JUNE, 2007
274 LEADWAY ASSURANCE COMPANY LIMITED TRANSCORP HILTON HOTEL CONTRUCTIVE TOTAL LOSS 10,530,000.00 21-Dec-07
275 NICON INSURANCE PLC & CO-INSURERS UNIVERSITY OF LAGOS FIRE 10,483,961.55 20-04-07
276 STANDARD ALLIANCE INSURANCE PLC JUST FOOD LIMITED MARINE CARGO 10,465,278.30 18-06-07
277 CUSTODIAN & ALLIED INSURANCE PLC FOLAWIYO ENERGY LIMITED FIRE & SPECIAL PERILS 10,430,620.08 5/11/2007
278 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSRERS ASAA INVESTMENT AND PROPE FIRE 10,263,964.60 31-May-07
279 STERLING BANK PLC
ROYAL EXCHANGE ASSURANCE (NIG.) PLC & CO-INSURERS THEFT (ROBBERY) 10,209,122.00 26-04-07
280 TRUST BANK OF AFRICA LIMITED
ROYAL EXCHANGE ASSURANCE (NIG.) PLC & CO-INSURERS THEFT (CASH IN TRANSIT) 10,209,118.44 APRIL, 2007


NEW LIFE COMMUNITY BANK LIMITED THEFT (CASH IN TRANSIT) 10,198,999.17 4/7/2007
282 NICON INSURANCE PLC THE TRUSTEES OF NATIONAL LIBRARY OF NIGERIAWITHDRAWAL BENEFITS 10,183,817.30 10/9/2007
283 LAW UNION & ROCK INSURANCE PLC ELEVATOR TECHNOLOGIES LIMITED MARINE DAMAGE 10,168,392.96 JULY, 2007
284 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NOBLE DRILLING NIGERIA LIMITED DEATH 10,158,211.80 20-07-07
285 Aiico INSURANCE PLC GROUP ENTERPRISES FIRE 10,155,318.27 SEPTEMBER, 2007
NATIION ASSEMBLY STAFF DEATH 10,096,993.50 12/6/2007
287 NICON INSURANCE PLC & CO-INSURERS UNIVERSITY OF LAGOS FIRE 10,094,432.80 20-04-07
288 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSSKYE BANK PLC THEFT (FRAUD) 10,080,000.00 JULY, 2007
289 EQUITY ASSURANCE PLC & CO-INSURERS JULIUS BERGER NIGERIA PLC ENGINEERING 10,062,693.50 26-03-07
290 SOVEREIGN TRUST INSURANCE PLC & CO-INSURERSNIGERIAN NATIONAL PETROLEUM CORPORATION FIRE 10,042,053.67 27-Nov-07
291 NICON INSURANCE PLC FUTA SECONDARY SCHOOL WITHDRAWAL BENEFITS 10,006,647.17 16-03-07
292 NICON INSURANCE PLC TRUSTEES OF NIGERIA SHIPPERS COUNCIL WITHDRAWAL BENEFITS 10,000,000.00 16-03-07
293 NICON INSURANCE PLC TRUSTEES OF NEWS AGENCY OF NIGERIA WITHDRAWAL BENEFITS 10,000,000.00 16-03-07
294 NICON INSURANCE PLC TRUSTEES OF NATIONAL POPULATION COMMISSION WITHDRAWAL BENEFITS 10,000,000.00 16-03-07
295 NICON INSURANCE PLC TRUSTEES OF NATIONAL ORIENTATION AGENCY WITHDRAWAL BENEFITS 10,000,000.00 16-03-07
296 NICON INSURANCE PLC TRUSTEES OF FEDERAL ROAD SAFETY COMMISSION WITHDRAWAL BENEFITS 10,000,000.00 16-03-07
297 NICON INSURANCE PLC TRUSTEES OF FEDERAL INLAND REVENUE SERVICES WITHDRAWAL BENEFITS 10,000,000.00 16-03-07
298 LEADWAY ASSURANCE COMPANY LIMITED S C C (NIGERIA) LIMITED PARTICULAR AVERAGE (SHORTDELIVERY) 10,000,000.00 19-Apr-07
299 NICON INSURANCE PLC NATIONLA DRUG LAW ENFORCEMENT AGENCY WITHDRAWAL BENEFITS 10,000,000.00 28-05-07
300 NICON INSURANCE PLC NATIONAL POPULATION COMMISSION WITHDRAWAL BENEFITS 10,000,000.00 28-05-07
301 NICON INSURANCE PLC NATIONAL DIRECTORATE OF EMPLOYMENT WITHDRAWAL BENEFITS 10,000,000.00 28-05-07
302 MUTUAL BENEFITS ASSURANCE PLC MRS. FLORENCE OWOLABI ACCIDENT DAMAGE 10,000,000.00 3/7/2007
303 NICON INSURANCE PLC METALLURGICAL TRAINING INSTITUTE ONITSHA WITHDRAWAL BENEFITS 10,000,000.00 31-10-07
304 GUARANTY TRUST ASSURANCE PLC JULIUS BERGER NIGERIA PLC MOTOR 10,000,000.00 12/12/2007
305 NICON INSURANCE PLC COUNCIL OF LEGAL EDUCATION WITHDRAWAL BENEFITS 10,000,000.00 28-05-07
306 NICON INSURANCE PLC CENTRE FOR BLACKAND AFRICAN ARTS AND CIVILIZATION
307 NICON INSURANCE PLC BANK OF THE NORTH WITHDRAWAL BENEFITS 10,000,000.00 16-03-07
GUINNESS NIGERIA PLC MISAPPROPIATION 9,930,476.50 10-Jul-07
NIGERIAN BOTTLING COMPANY PLC FIRE 9,879,883.49 8/1/2007
NOBLE DRILLING NIGERIA LIMITED (DON WALKE) GROUP LIFE 9,836,373.00 17-07-07
ELF PETROLEUM NIGERIA LIMITED DEATH 9,830,400.00 24-05-07
312 AFRICAN ALLIANCE INSURANCE COMPANY LIMITED &NIGERIAN
CO-INSURERS
313 UNITRUST INSURANCE COMPANY LIMITED AL -JAMAL & CO. LIMITED THEFT/BURGLARY 9,785,000.80 2/8/2007
HI-TECH CONSTRUCTION LIMITED ACCIDENT (GROUP PERSONAL) 9,595,727.14 JUNE, 2007
JOHN HOLT PLC FIRE 9,500,000.00 29-Aug-07
NIGERIAN NATIONAL PETROLEUM CORPORATION/RETAIL OUTLET PERILS
FIRE & SPECIAL 9,250,000.00 3/12/2007
NIGERIAN NATIONAL PETROLEUM CORPORATION/RETAIL OUTLET PERILS
FIRE & SPECIAL 9,250,000.00 9/12/2007
318 CORNERSTONE INSURANCE PLC & CO-INSURERS IBTC CHARTERED BANK THEFT (CASH IN TRANSIT) 9,122,815.68 9/11/2007
319 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, BIDA WITHDRAWAL BENEFITS 9,083,401.43 10/9/2007
320 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSIMOH ABASI TRANS MOTOR (OWN DAMAGE) 9,075,000.00 DECEMBER, 2007
UNION BANK OF NIGERIA PLC THEFT (ROBBERY) 9,000,000.00 7-Nov-07
HOESHPIPE MILLS FIRE 8,977,653.90 JULY, 2007
323 CRUSADER LIFE INSURANCE LIMITED INTERCONTINENTAL BANK PLC WELFARE SCHEME 8,952,126.50 2007
324 EQUITY ASSURANCE PLC & CO-INSURERS JULIUS BERGER NIGERIA PLC FIRE 8,941,535.20 11/12/2007
ECOBANK NIGERIA PLC FIDELITY GUARANTEE 8,897,282.97 NOVEMBER, 2007
UAC OF NIGERIA PLC & SUBS FIRE 8,895,854.40 24-Jan-07
327 NICON INSURANCE PLC NIGERIAN PRISON SERVICES WITHDRAWAL BENEFITS 8,880,000.00 10/9/2007
CELTEL NIGERIA LIMITED DAMAGE TO EXISTING PROPERTY 8,866,749.00 8-Nov-07
329 GOLDLINK INSURANCE PLC HEPZIBAH GLOBAL CONCEPTS LIMITED THEFT (GOODS IN TRANSIT) 8,806,555.00 28-12-07
330 SOVEREIGN TRUST INSURANCE PLC & CO-INSURERSEMPL. OF ELF PETROLEUM NIGERIA LIMITED ACCIDENT 8,681,250.00 27-02-07
SDV NIGERIA LIMITED PUBLIC LIABILITY 8,647,122.71 22-01-07
332 INSURANCE PHB LIMITED CHIEF MRS. CHRISTY OKOYE MOTOR 8,640,000.00 10/7/2007
333 LEADWAY ASSURANCE COMPANY LIMITED DAEWOO NIGERIA LIMITED FIRE 8,620,149.60 5-Mar-07
334 LAW UNION & ROCK INSURANCE PLC JULIUS BERGER NIGERIA MOTOR (OWN DAMAGE) 8,600,000.00 MARCH, 2007
335 Aiico INSURANCE PLC & CO-INSURERS MOBIL PRODUCING NIGERIA UNLIMITED PERSONAL ACCIDENT 8,455,860.50 SEPTEMBER, 2007
336 STANDARD ALLIANCE INSURANCE PLC DIAMOND BANK PLC THEFT OF MONEY 8,437,500.00 3/5/2007
337 AFRICAN ALLIANCE INSURANCE COMPANY LIMITED &HULLBLYTH
CO-INSURERS GROUP LIFE 8,388,000.00 17-07-07
UAC FOODS DIVISION OF UAC ACCIDENTAL DAMAGE/OWN DAMAGE 8,368,959.86 1-Mar-07
SDV NIGERIA LIMITED DAMAGE TO EXISTING PROPERTY 8,363,136.44 24-Jan-07
340 INDUSTRIAL AND GENERAL INSURANCE PLC SPDC ACCIDENT 8,293,676.58 9/11/2007
341 EQUITY ASSURANCE PLC & CO-INSURERS LMDA (NIG.) LIMITED/AMARPEX NIGERIA LIMITED ACCIDENT 8,247,300.00 7/5/2007
342 SOVEREIGN TRUST INSURANCE PLC & CO-INSURERSEMPL. OF ELF PETROLEUM NIGERIA LIMITED THEFT 8,225,000.00 5/2/2007
343 SOVEREIGN TRUST INSURANCE PLC & CO-INSURERSEMPL. OF ELF PETROLEUM NIGERIA LIMITED THEFT 8,225,000.00 27-03-07
344 NEM INSURANCE PLC & CO-INSURERS GMT NIGERIA LIMITED MARINE 8,159,309.50 8/6/2007
MOTHERCAT LIMITED ACCIDENTAL DAMAGE 8,147,447.64 26-Sep-07
346 ROYAL EXCHANGE ASSURANCE (NIG.) PLC GULF MANNING SERVICES STAFF RETIREMENT SCHEME 8,104,246.17 25-07-07
347 NICON INSURANCE PLC & CO-INSURERS WEMA BANK PLC FIRE 8,100,000.00 JULY, 2007
348 NEM INSURANCE PLC TAYE IGE MOTOR 8,100,000.00 1/6/2007
SPDC LIFE 8,089,165.03 17-12-07
NIGERIAN COLLEGE OF AVIATION MARINE HULL 8,037,000.00 15-08-07

351 NIGER INSURANCE PLC & CO-INSURERS TECHNIP OFFSHORE NIGERIA LIMITED ACCIDENT 8,026,641.47 31-07-07
352 NIGER INSURANCE PLC SIL CHEMICALS LIMITED MARINE DAMAGE 8,023,582.84 24-05-07
353 NICON INSURANCE PLC TRUSTEES OF YABA COLLEGE OF TECHNOLOGY, WITHDRAWAL
YABA BENEFITS 8,000,000.00 16-03-07
354 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, KADUNA WITHDRAWAL BENEFITS 8,000,000.00 16-03-07
355 NICON INSURANCE PLC TRUSTEES OF COUNCIL OF LEGAL EDUCATION WITHDRAWAL BENEFITS 8,000,000.00 16-03-07
356 NICON INSURANCE PLC THE TRUSTEES OF YABA COLLEGE OF TECHNOLOGY,
WITHDRAWAL
YABA BENEFITS 8,000,000.00 28-05-07
357 NICON INSURANCE PLC NIGERIAN CUSTOM SERVICES WITHDRAWAL BENEFITS 8,000,000.00 22-05-07
358 NICON INSURANCE PLC NATIONAL ORIENTATION AGENCY WITHDRAWAL BENEFITS 8,000,000.00 28-05-07
359 NICON INSURANCE PLC FEDERAL ROAD SAFETY COMMISSION WITHDRAWAL BENEFITS 8,000,000.00 28-05-07
360 LASACO ASSURANCE PLC & CO-INSURERS AES NIGERIA BERGERS TRANSFORMER 7,998,980.70 30-11-07
361 INDUSTRIAL AND GENERAL INSURANCE PLC NIGERIA COMMUNICATION COMMISSSION ENGINEERING 7,986,941.00 17-07-07
362 REGENCY ALLIANCE INSURANCE & CO-INSURERSCHEVRON NIGERIA LIMITED INJURY 7,945,883.50 12-Sep-07
363 PRESTIGE ASSURANCE PLC & CO-INSURERS REDSTAR EXPRESS LIMITED FIRE 7,912,541.76 3/23/2007
AFRIBANK CAPITAL MARKET LIMITED ACCIDENT 7,908,750.00 8/11/2007
365 LEADWAY ASSURANCE COMPANY LIMITED CELTEL NIGERIA LIMITED THEFT 7,885,000.00 14-Aug-07
CONOIL PLC AND/OR SUBSIDARY PARTICULAR AVERAGE (SHORTDELIVERY) 7,878,194.50 6-Aug-07
AVERY NIGERIA LIMITED FIRE (FLOOD DAMAGE) 7,834,993.90 17-01-07
368 ZENITH GENERAL INSURANCE COMPANY LIMITED NIGERIA DEVELOPMENT & CONST. CO. LIMITED MARINE 7,752,500.33 8/8/2007
369 UNITRUST INSURANCE COMPANY LIMITED CORAL INT’L LIMITED MISC (PERFORMANCE BOND) 7,714,639.14 18-12—07
ARAB CONTRACTORS O.A.O NI THIRD PARTY DAMAGE 7,664,560.67 9-Feb-07
371 EQUITY ASSURANCE PLC INTEL SERVICES LIMITED MOTOR 7,633,200.00 4/6/2007
372 NICON INSURANCE PLC TRUSTEES OF NICON HOTELS LIMITED WITHDRAWAL BENEFITS 7,620,979.37 16-03-07
373 LINKAGE ASSURANCE PLC FIDELITY BANK PLC ACCIDENT 7,560,000.00 7/11/2007
374 CRUSADER LIFE INSURANCE LIMITED FUMMAN AGRIC IND. PRODUCTS LIMITED WELFARE SCHEME 7,488,600.01 2007
375 Aiico INSURANCE PLC & CO-INSURERS PZ GROUP OF COMPANIES PERSONAL ACCIDENT 7,484,595.12 MARCH, 2007
376 Aiico INSURANCE PLC POWERWELL SERVICES LIMITED WORKMEN COMPENSATION 7,426,246.38 JANUARY, 2007
377 LINKAGE ASSURANCE PLC & CO-INSURERS JOHN HOLT PLC MARINE DAMAGE 7,305,458.00 24-01-07
378 GUARANTY TRUST ASSURANCE PLC & CO-INSURERSFIRST MARINA TRUST LIMITED/TRUST AFRICA LIMITED
MOTOR 7,214,062.50 13-12-07
379 INSURANCE PHB LIMITED PASTMASTERS OVERSEAS LIMITED MARINE 7,200,000.00 10/7/2007
380 INTERCONTINENTAL WAPIC INSURANCE PLC FIOGRET LIMITED MARINE CARGO 7,138,019.00 25-10-07
CRUSADER INSURANCE (NIGER FIRE 7,136,000.00 1-Aug-07
NIGERIAN BREWERIES PLC THEFT 7,129,687.57 17-Sep-07
383 LEADWAY ASSURANCE COMPANY LIMITED OBASANJO FARMS NIGERIA LIMITED PARTICULAR AVERAGE (DAMAGE) 7,113,232.70 30-Jul-07
NOBLE DRILLING NIGERIA LIMITED (DON WALKE)GROUP LIFE 7,093,980.00 17-07-07
385 GUARANTY TRUST ASSURANCE PLC & CO-INSURERSFIDELITY BANK PLC MOTOR 7,077,500.00 29-10-07
386 CRUSADER LIFE INSURANCE LIMITED GLOBE REINSURANCE PLC WELFARE SCHEME 7,045,287.62 2007
387 CUSTODIAN & ALLIED INSURANCE PLC MR. ADEBAYO ALADE LOBA MOTOR 7,040,000.00 19-11-07
INTERGRATED FIBRES LIMITED THEFT (GOODS IN TRANSIT) 7,029,008.43 27-02-07
UNION HOMES SAVING & LOANS DEATH 7,014,000.00 2007
REYNOLDS CONSTRUCTION COMPANY DAMAGE TO EXISTING PROPERTY 7,013,506.00 2-Mar-07
INTERCONTINENTAL BANK PLC THEFT 7,007,142.86 21-11-07
392 NICON INSURANCE PLC THE TRUSTEES OF KADUNA POLYTECHNIC, KADUNA
393 NICON INSURANCE PLC CENTRE FOR AUTOMATIVE DESIGN & DEVELOPMENT
394 CRUSADER LIFE INSURANCE LIMITED MOBIL DEPENDANT ANNUITY SCHEME WELFARE SCHEME 6,976,853.61 2007
JOHN HOLT PLC FIRE 6,922,397.60 10-Jul-07
396 INDUSTRIAL AND GENERAL INSURANCE PLC FHI/GHAIN LIFE 6,921,258.84 7/5/2007
REYNOLDS CONSTRUCTION COMPANY DAMAGE TO EXISTING PROPERTY 6,881,927.60 12-Feb-07
398 OCEANIC INSURANCE COMPANY LIMITED TAMSTEL NIGERIA LIMITED ACCIDENT 6,840,000.00 SEPTEMBER, 2007
399 CONSOLIDATED HALLMARK INSURANCE PLC OCEANIC BANK PLC MOTOR 6,840,000.00 20-08-07
400 CUSTODIAN & ALLIED INSURANCE PLC ABDUL SALAM AHMED MOTOR 6,840,000.00 5/2/2007
401 GUARANTY TRUST ASSURANCE PLC & CO-INSURERSFIRST MARINA TRUST LIMITED/TRUST AFRICA LIMITED
MOTOR 6,834,375.00 27-12-07
402 ROYAL EXCHANGE ASSURANCE (NIG.) PLC KOPEC CONSTRUCTION LIMITED PUBLIC LIABILITY 6,773,000.00 JUNE, 2007
403 NEM INSURANCE PLC & CO-INSURERS ZAKHEM CONSTRUCTION WORKMEN COMPENSATION (CAR) 6,706,250.00 24-09-07
EKESON GOLD TRANSPORT NIGERIA LIMITED ACCIDENT 6,690,464.29 12/9/2007
405 ADIC INSURANCE LIMITED KOTEC INDUSTRIAL COMPANY LIMITED THEFT (MOTOR) 6,690,000.00 31-07-07
DEDORA NIGERIA LIMITED FIRE & SPECIAL PERILS 6,682,796.30 5/11/2007
407 INTERCONTINENTAL WAPIC INSURANCE PLC WEST AFRICAN MILK CO. PLC MARINE CARGO 6,663,127.43 26-07-07
408 Aiico INSURANCE PLC PRIFER SPECIATIES LIMITED FIRE 6,647,002.64 MAY, 2007
409 INTERNATIONAL ENERGY INSURANCE PLC & CO-INSURERS
EDO STATE HOUSE OF ASSEMBLY MOTOR 6,610,499.50 18-09-07
410 CUSTODIAN & ALLIED INSURANCE PLC MR. P. E. JACOBS MOTOR 6,561,000.00 10/7/2007
411 EQUITY ASSURANCE PLC & CO-INSURERS SLABMARK NIGERIA LIMITED ACCIDENT 6,560,000.00 2/10/2007
412 SOVEREIGN TRUST INSURANCE PLC HON. EMEKA IHEDIOHE ACCIDENT 6,545,000.00 17-09-07
413 CRUSADER INSURANCE PLC & CO-INSURERS NIGERIAN TELEVISION AUTHORITY DEATH 6,540,873.00 3/12/2007
414 GUARANTY TRUST ASSURANCE PLC GLOBAL OFFSHORE LIFE 6,509,280.00 26-11-07
415 LEADWAY ASSURANCE COMPANY LIMITED DUNLOP NIGERIA PLC VANDALIZATION 6,505,264.00 27-Jun-07
IBTC CHARTERED BANK PLC. CASH-IN-PREMISES 6,486,574.67 24-Apr-07
ANAMMCO LIMITED MOTOR 6,480,000.00 29-10-07
418 LEADWAY ASSURANCE COMPANY LIMITED OBASANJO FARMS NIGERIA LIMITED PARTICULAR AVERAGE (DAMAGE) 6,471,761.20 30-Jul-07
419 EQUITY ASSURANCE PLC CRUSHED ROCK IND. (NIG) LIMITED MOTOR 6,426,000.00 25-07-07
OLAM NIGERIA LIMITED THEFT/BURGLARY 6,412,456.27 DECEMBER, 2007


MIDLAND GALVANISING NIGERIA LIMITED MARINE CARGO 6,395,722.24 14-05-07
422 GOLDLINK INSURANCE PLC & CO-INSURERS NOBLE DRILLING NIGERIA LIMITED (DON WALKE) GROUP LIFE 6,370,423.93 8/10/2007
423 GUARANTY TRUST ASSURANCE PLC ALMA ESSENCE LIMITED MARINE 6,306,650.00 20-07-07
424 EQUITY ASSURANCE PLC MR. CHRISTOPHER OHURUZO MOTOR 6,261,272.85 11/4/2007
425 NICON INSURANCE PLC OAS HELICOPTER PERSONAL ACCIDENT 6,250,000.00 JUNE, 2007
426 GOLDLINK INSURANCE PLC CHI LIMITED MOTOR 6,249,357.56 2007
427 INTERNATIONAL ENERGY INSURANCE PLC TED IWERE MOTOR 6,243,750.00 31-12-07
UAC OF NIGERIA PLC & SUBS FIRE 6,238,959.20 12-Sep-07
429 NIGER INSURANCE PLC & CO-INSURERS OMEGA BANK PLC FIRE INCIDENT 6,222,669.24 8/3/2007
430 ROYAL EXCHANGE ASSURANCE (NIG.) PLC SHELL PETROLEUM DEVELOPMENT ACCIDENT (PERSONAL) 6,220,257.43 NOVEMBER, 2007
431 SOVEREIGN TRUST INSURANCE PLC STARCOMMS LIMITED DEATH 6,214,230.04 21-12-07
432 ZENITH GENERAL INSURANCE COMPANY LIMITED ANIL NIGERIA LIMITED ACCIDENT 6,209,925.62 7/12/2007
433 INDUSTRIAL AND GENERAL INSURANCE PLC U. L. O. CONSULTANT MOTOR 6,196,500.00 18-06-07
434 LINKAGE ASSURANCE PLC MULTITAN LIMITED/KANOTAN MARINE DAMAGE 6,189,484.04 24-05-07
435 CUSTODIAN & ALLIED INSURANCE PLC TOYOTA NIGERIA LIMITED ACCIDENT 6,178,543.56 19-11-07
436 NICON INSURANCE PLC UNIVERSITY OF LAGOS FIRE 6,173,517.00 JULY, 2007
437 GUARANTY TRUST ASSURANCE PLC & CO-INSURERSGUARANTY TRUST BANK PLC DEATH 6,152,390.00 2007
438 Aiico INSURANCE PLC & CO-INSURERS EME UKO UDOM/MOBIL MOTOR 6,142,500.00 APRIL, 2007
439 Aiico INSURANCE PLC & CO-INSURERS MOBIL PRODUCING / EMEUKO UDOM THEFT 6,140,833.33 14-05-07
440 NIGER INSURANCE PLC & CO-INSURERS NATIONAL MARITIME AUTHORITY & SAFETY AGENCYGROUP LIFE 6,089,682.00 15-11-07
ODUDUWA COMMUNITY BANK LIMITED THEFT (ARMED ROBBERY) 6,081,370.63 31-07-07
442 INSURANCE PHB LIMITED & CO-INSURERS NIGERIA COLLEGE OF AVIATION TECH. FIRE 6,044,635.17 7/12/2007
443 LEADWAY ASSURANCE COMPANY LIMITED MBC INT. BANK/REVIVAL PEO THEFT 6,034,500.00 28-Mar-07
444 UNITRUST INSURANCE COMPANY LIMITED BUILDWELL PLANTS THEFT (GOODS IN TRANSIT) 6,032,780.56 28-12—07
NATIONAL DRUG LAW ENFORCEMENT THEFT 6,010,000.00 SEPTEMBER, 2007
446 NICON INSURANCE PLC TRUSTEES OF NIGERIA INSTITUTE OF SOCIAL ECONOMIC
WITHDRAWAL
RESEARCH
BENEFITS 6,000,000.00 16-03-07
447 NICON INSURANCE PLC TRUSTEES OF NATIONAL COUNCIL FOR ARTS & CULTURE
448 NIGER INSURANCE PLC RIDA INTERNATIONAL PLASTICS THEFT/BURGLARY 6,000,000.00 15-03-07
449 NICON INSURANCE PLC NIGERIA MINING CORPORATION WITHDRAWAL BENEFITS 6,000,000.00 28-05-07
450 NICON INSURANCE PLC METALLURGICAL TRAINING INSTITUTE ONITSHA WITHDRAWAL BENEFITS 6,000,000.00 28-05-07
FEDERAL HOUSE OF REPRESENTATIVES DEATH 6,000,000.00 13-03-07
EQUITY BANK OF NIGERIA LIMITED DEATH 5,968,193.00 25-Oct-07
453 UNITRUST INSURANCE COMPANY LIMITED FLEETWOOD GARAGES THEFT (GOODS IN TRANSIT) 5,924,001.08 07-12—07
454 LEADWAY ASSURANCE COMPANY LIMITED LEADWAY TRUSTEES LIMITED THEFT 5,913,000.00 14-Dec-07
455 NICON INSURANCE PLC TRUSTEES OF UNITED BANK OF AFRICA WITHDRAWAL BENEFITS 5,884,840.00 30-03-07
456 INDUSTRIAL AND GENERAL INSURANCE PLC OFFICE OF THE HEAD OF CIVIL SERVICE OF THE FEDERATION
FIRE 5,865,660.00 27-08-07
457 GOLDLINK INSURANCE PLC & CO-INSURERS NNPC/ZAKHEM CONSTRUCTION NIG. LIMITED THEFT OF MOTOR 5,865,000.00 9/11/2007
458 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSSKYE BANK PLC FIRE DAMAGE 5,853,843.58 OCTOBER, 2007
459 LAW UNION & ROCK INSURANCE PLC & CO-INSURERSNIGERIAN BOTTLING COMPANY PLC FRAUD 5,853,843.58 OCTOBER, 2007
460 CRUSADER LIFE INSURANCE LIMITED FUMMAN NIGERIA LIMITED WELFARE SCHEME 5,842,270.34 2007
461 UNITRUST INSURANCE COMPANY LIMITED R. M. INVESTMENT FIRE 5,815,545.52 30-04-07
462 CORNERSTONE INSURANCE PLC & CO-INSURERS FBN/OLADIPO EGBEKEMA MOTOR 5,814,000.00 19-10-07
463 LINKAGE ASSURANCE PLC SAHARA ENERGY RESOURCES MARINE DAMAGE 5,786,546.10 6/5/2007
WEMASEC/CRYSLAD NIG. LTD. ACCIDENTAL DAMAGE/OWN DAMAGE 5,765,000.00 1-Mar-07
465 EQUITY ASSURANCE PLC & CO-INSURERS MRS. FLORENCE TINUKE AKINW MOTOR 5,753,400.00 24-10-07
MOTHERCAT LIMITED CONTRUCTIVE TOTAL LOSS 5,707,112.73 7-Mar-07
467 LEADWAY ASSURANCE COMPANY LIMITED CHIDODO ACCESS NIGERIA LIMITED FIRE 5,670,000.00 4-May-07
468 EQUITY ASSURANCE PLC & CO-INSURERS INTELS GROUP OF COMPANIES FIRE 5,646,935.51 16-03-07
469 NICON INSURANCE PLC THE TRUSTEES OF NATIONAL MATHEMATICAL CENTRE
470 INTERCONTINENTAL WAPIC INSURANCE PLC NIGERIA WESTMINISTER DREDGING CO. FIRE 5,628,819.95 17-07-07
471 EQUITY ASSURANCE PLC & CO-INSURERS JULIUS BERGER NIGERIA PLC ACCIDENT 5,591,832.00 24-04-07
472 INTERCONTINENTAL WAPIC INSURANCE PLC JOBODE VENTURES NIGERIA LIMITED FIRE 5,555,555.60 16-04-07
473 SOVEREIGN TRUST INSURANCE PLC TRANSPORT SERVICES LIMITED ACCIDENT 5,537,686.00 17-07-07
474 INDUSTRIAL AND GENERAL INSURANCE PLC SPDC/JOSHUA D. ALISE MOTOR 5,525,000.00 23-08-07
475 INDUSTRIAL AND GENERAL INSURANCE PLC SPDC MOTOR 5,525,000.00 23-08-07
TRANSOCEAN SUPPORT SERVICES GROUP LIFE 5,524,200.00 21-11-07
476 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, KAURA-NAMODA
477 EQUITY ASSURANCE PLC & CO-INSURERS INTELS SERVICES NIGERIA LIMITED ACCIDENT 5,490,383.51 20-07-07
478 CORNERSTONE INSURANCE PLC & CO-INSURERS BEAMCO NIGERIA LIMITED MARINE 5,471,570.00 8/8/2007
479 LASACO ASSURANCE PLC ELEME PETROLCHEMICAL LIMITED FIRE 5,458,286.76 14-09-07
480 LEADWAY ASSURANCE COMPANY LIMITED TASHO NIG. LTD. ACCIDENTAL DAMAGE/OWN DAMAGE 5,445,000.00 30-Nov-07
IBTC CHARTERED BANK PLC. CASH-IN-PREMISES 5,439,110.00 7-Feb-07
482 Aiico INSURANCE PLC & CO-INSURERS CFAO NIGERIA LIMITED FIDELITY GUARANTEE 5,433,008.00 JUNE, 2007
NIGERIAN TELEVISION AUTHORITY DEATH 5,428,892.85 2007
MOTHERCAT LIMITED ACCIDENTAL DAMAGE 5,402,022.91 16-Aug-07
485 STANDARD ALLIANCE INSURANCE PLC STANDARD TRUST BANK PLC THEFT OF MONEY 5,400,000.00 25-07-07
MEMS WEST AFRICA FIRE 5,399,201.34 30-03-07
487 GOLDLINK INSURANCE PLC NIGERIA DISTILLERIES LIMITED MARINE CARGO 5,373,671.87 9/5/2007
488 Aiico INSURANCE PLC AREVA T & D MOTOR 5,365,000.00 JUNE, 2007
TOTAL NIGERIA PLC ACCIDENT (LOSS OF GOODS IN TRANSIT) 5,362,500.00 9/8/2007
TOTAL NIGERIA PLC ACCIDENT 5,362,500.00 24-10-07


INTERCONTINENTAL BANK PLC THEFT (ARMED ROBBERY) 5,354,163.90 11/5/2007
495 EQUITY ASSURANCE PLC & CO-INSURERS INTELS GROUP OF COMPANIES FIRE 5,350,349.00 23-04-07
496 ROYAL EXCHANGE ASSURANCE (NIG.) PLC JOF NIGERIA LIMITED THEFT 5,348,350.00 JUNE, 2007
497 EQUITY ASSURANCE PLC SIEMENS LIMITED MOTOR 5,328,000.00 16-03-07
498 INTERNATIONAL ENERGY INSURANCE PLC HIHILE DAN ESUEME MOTOR 5,300,000.00 19-01-07
OANDO GROUP ACCIDENTAL DAMAGE/OWN DAMAGE 5,298,500.00 1-Mar-07
500 LINKAGE ASSURANCE PLC FIDELITY BANK PLC THEFT OF MONEY 5,270,796.00 9/3/2007
501 SOVEREIGN TRUST INSURANCE PLC EKITI STATE COMMUNITY BASED ACCIDENT 5,250,000.00 10/8/2007
502 EQUITY ASSURANCE PLC & CO-INSURERS ORASCOM CONSTRUCTION NIGERIA LIMITED ACCIDENT 5,231,428.57 18-07-07
503 NEM INSURANCE PLC COSTAIN WEST AFRICA MOTOR 5,212,500.00 4/7/2007
504 LEADWAY ASSURANCE COMPANY LIMITED ELF PETROLEUM/EMPLOYEES THEFT 5,205,000.00 2-Aug-07
505 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERSMR. AMBROSE OVIEBO ACCIDENT 5,143,500.00 26-03-07
506 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ZARTECH LIMITED (AGRIC DIVISION) FIRE 5,132,097.65 12/7/2007
507 STANDARD ALLIANCE INSURANCE PLC THE SHELL PETROLEUM DEVELOPMENT CO. MOTOR 5,066,250.00 6/2/2007
508 ADIC INSURANCE LIMITED OLAKAPO OLUTOTIN THEFT (MOTOR) 5,049,831.60 13-12-07
509 LEADWAY ASSURANCE COMPANY LIMITED CELTEL NIGERIA LIMITED THEFT 5,049,487.50 6-Dec-07
510 CUSTODIAN & ALLIED INSURANCE PLC MR. SEGUN OMOSEHIN MOTOR 5,040,000.00 31-07-07
511 STANDARD ALLIANCE INSURANCE PLC FIDELITY BANK PLC/A. O. BRIGHT MOTOR 5,040,000.00 29-11-07
512 INTERNATIONAL ENERGY INSURANCE PLC FESTUS ONU MOTOR 5,035,000.00 23-08-07
513 NICON INSURANCE PLC TRUSTEES OF OKOMU OIL PALM COMPANY WITHDRAWAL BENEFITS 5,000,000.00 16-03-07
514 NICON INSURANCE PLC TRUSTEES OF NIGERIA PRISON SERVICES WITHDRAWAL BENEFITS 5,000,000.00 16-03-07
515 NICON INSURANCE PLC TRUSTEES OF NIGERIA FILM CORPORATION WITHDRAWAL BENEFITS 5,000,000.00 16-03-07
516 NICON INSURANCE PLC WITHDRAWAL BENEFITS
TRUSTEES OF NIGERIA EDUCATIONAL RESEARCH & DEVELOPMENT COUNCIL 5,000,000.00 16-03-07
517 NICON INSURANCE PLC TRUSTEES OF NATIONAL LIBRARY OF NIGERIA WITHDRAWAL BENEFITS 5,000,000.00 16-03-07
518 NICON INSURANCE PLC WITHDRAWAL
TRUSTEES OF NATIONAL INSTITUTE FOR POLICY & STRATEGY BENEFITS
STUDIES, KURU 5,000,000.00 16-03-07
TRUSTEES OF NATIONAL DRUG LAW ENFORCEMENT AGENCY 5,000,000.00 16-03-07
520 NICON INSURANCE PLC WITHDRAWAL&BENEFITS
TRUSTEES OF NATIONAL CENTRE FOR ECONOMIC MANAGEMENT ADMINISTRATION 5,000,000.00 16-03-07
TRUSTEES OF FEDERAL POLYTECHNIC, NEKEDE, OWERRI 5,000,000.00 16-03-07
522 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, BIDA WITHDRAWAL BENEFITS 5,000,000.00 16-03-07
523 NICON INSURANCE PLC TRUSTEES OF AUCHI POLTTECHNIC, AUCHI WITHDRAWAL BENEFITS 5,000,000.00 16-03-07
TRUSTEES OF ADEYEMI COLLEGE OF EDUCATION, ONDO 5,000,000.00 16-03-07
525 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION,WITHDRAWAL
ZARIA BENEFITS 5,000,000.00 10/9/2007
526 CONSOLIDATED HALLMARK INSURANCE PLC & CO-INSURERS
SURVICOM SERVICES NIGERIA LIMITED PERSONAL ACCIDENT 5,000,000.00 28-11-07
527 NICON INSURANCE PLC SOUTH AFRICAN HIGH COMMISSION MOTOR 5,000,000.00 NOVEMBER, 2007
528 Aiico INSURANCE PLC SAIPEM CONTRACTING NIGERIA LIMITED WORKMEN COMPENSATION 5,000,000.00 DECEMBER, 2007
529 NICON INSURANCE PLC NATIONAL HUMAN RIGHTS COMMISSION WITHDRAWAL BENEFITS 5,000,000.00 31-10-07
530 NICON INSURANCE PLC NATIONAL COUNCIL FOR ARTS & CULTURE WITHDRAWAL BENEFITS 5,000,000.00 28-05-07
531 NICON INSURANCE PLC MR. EFFOING DANIEL AFIAKUDE THEFT/BURGLARY 5,000,000.00 JULY, 2007
532 NIGERIAN AGRICULTURAL INSURANCE CORPORATION MAKARFI FARM DROUGHT 5,000,000.00 31-12-07
533 INDUSTRIAL AND GENERAL INSURANCE PLC HON. MINISTER LIFE 5,000,000.00 17-05-07
534 NICON INSURANCE PLC CITIZENSHIP & LEADERSHIP TRAINING CENTRE WITHDRAWAL BENEFITS 5,000,000.00 28-05-07
TOTAL NIGERIA PLC ACCIDENT (LOSS OF GOODS IN TRANSIT) 4,988,750.00 23-08-07
536 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION,WITHDRAWAL
OFFA BENEFITS 4,956,812.68 10/9/2007
537 LEADWAY ASSURANCE COMPANY LIMITED & CO-INSUERSTRANSOCEAN SUPPORT SERVICES GROUP LIFE 4,934,935.46 23-05-07
538 INTERCONTINENTAL WAPIC INSURANCE PLC FIOGRET LIMITED MARINE CARGO 4,909,563.00 31-10-07
539 INTERCONTINENTAL WAPIC INSURANCE PLC NIGERIAN NATIONAL PETROLEUM CORPORATION FIRE 4,875,000.00 5/2/2007
540 UNITRUST INSURANCE COMPANY LIMITED COURDEAU CATERING THEFT/BURGLARY 4,870,998.77 14-06-07
541 GUARANTY TRUST ASSURANCE PLC ADIC INSURANCE PLC MOTOR 4,870,125.00 4/10/2007
542 INDUSTRIAL AND GENERAL INSURANCE PLC ZUMA STEEL LIMITED MOTOR 4,860,000.00 23-02-07
543 LAW UNION & ROCK INSURANCE PLC SOLIYAMA NIGERIA LIMITED THEFT 4,860,000.00 NOVEMBER, 2007
MOTHERCAT LIMITED ACCIDENTAL DAMAGE 4,851,000.00 21-Dec-07
545 EQUITY ASSURANCE PLC & CO-INSURERS SIEMENS LIMITED FIRE 4,847,912.85 18-01-07
546 Aiico INSURANCE PLC NIB MOTOR 4,826,250.00 OCTOBER, 2007
547 LASACO ASSURANCE PLC LAGOS STATE BOARD OF INTERNAL REVENUE THEFT 4,826,250.00 15-05-07
548 SOVEREIGN TRUST INSURANCE PLC MRS. FUNMILOLA AJE THEFT 4,808,125.00 9/7/2007
REYNOLDS CONSTRUCTION COMPANY THIRD PARTY DEATH(COMPENSATION) I 4,800,000.00 7-Aug-07
550 SOVEREIGN TRUST INSURANCE PLC MR. OLASUNKANMI OLABINJO THEFT 4,800,000.00 23-05-07
551 MUTUAL BENEFITS ASSURANCE PLC ALHAJI A. A. BAKARE THEFT 4,800,000.00 24-08-07
552 GUARANTY TRUST ASSURANCE PLC PLESSEY NIGERIA LIMITED ENGINEERING 4,797,535.00 17-05-07
NIGER DELTA DEVELOPMENT COMMISSION COMMERCIAL MOTOR 4,788,000.00 19/11/2007
554 Aiico INSURANCE PLC JOURNALISTS AGAINST AIDS WORKMEN COMPENSATION 4,788,000.00 JANUARY, 2007
555 LASACO ASSURANCE PLC NIGERIAN NATIONAL PETROLEUM CORPORATION ACCIDENT DAMAGE 4,755,735.10 24-08-07
556 GOLDLINK INSURANCE PLC CONSULTANTANCY SUPPORT SERVICES LIMITED MOTOR 4,746,853.12 25-07-07
557 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, ILARO WITHDRAWAL BENEFITS 4,737,740.74 10/9/2007
558 STANDARD ALLIANCE INSURANCE PLC THE SHELL PETROLEUM DEVELOPMENT CO. MOTOR 4,725,000.00 26-06-07
559 INTERCONTINENTAL WAPIC INSURANCE PLC DANARET INVESTMENT LIMITED/EDDIE KING ACCIDENT 4,725,000.00 21-11-07
560 GUARANTY TRUST ASSURANCE PLC OKOJIE ANSELEM ITUA MOTOR 4,702,500.00 3/9/2007

561 OCEANIC INSURANCE COMPANY LIMITED MT. OLIVE NIGERIA LIMITED THEFT 4,702,500.00 JULY, 2007
562 AFRICAN ALLIANCE INSURANCE COMPANY LIMITED
ETEMITE LIMITED DEATH 4,701,983.002007
563 LEADWAY ASSURANCE COMPANY LIMITED MRS. NKECHI KIO THEFT 4,698,225.00 2-Aug-07
564 EQUITY ASSURANCE PLC & CO-INSURERS LAMNAL CO. NIGERIA LIMITED ACCIDENT 4,695,500.00 17-12-07
INTERCONTINENTAL BANK PLC ACCIDENT 4,687,500.00 12/2/2007
ABBEY COURT TRADING COMPANY ACCIDENTAL DAMAGE/OWN DAMAGE 4,681,600.0013-Dec-07
567 INDUSTRIAL AND GENERAL INSURANCE PLC ECOBANK/P. SALVATION MOTOR 4,662,675.00 7/11/2007
568 INDUSTRIAL AND GENERAL INSURANCE PLC ECOBANK PLC/PHILIP SALVATION MOTOR 4,662,675.00 7/11/2007
569 LAW UNION & ROCK INSURANCE PLC GITTO CONSTRUCTION MOTOR (OWN DAMAGE) 4,662,477.80 JANUARY, 2007
570 CUSTODIAN & ALLIED INSURANCE PLC GLANIL ENTHOVEN & CO. THEFT (CASH IN TRANSIT) 4,657,962.50 15-03-07
572 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC WORKMEN COMPENSATION 4,624,982.04 JUNE, 2007
573 STANDARD ALLIANCE INSURANCE PLC THE SHELL PETROLEUM DEVELOPMENT CO. MOTOR 4,557,490.00 5/7/2007
LONGMAN NIGERIA LIMITED DEATH 4,548,450.00 2007
575 NICON INSURANCE PLC EK-IKRAX VENTURES NIGERIA LIMITED THEFT/BURGLARY 4,531,258.17JULY, 2007
576 GOLDLINK INSURANCE PLC VAN OORD NIGERIA LIMITED PERSONAL ACCIDENT 4,530,665.20 9/7/2007
577 NICON INSURANCE PLC UNIVERSITY OF ABUJA MOTOR 4,507,231.97JUNE, 2007
578 GOLDLINK INSURANCE PLC PEUGEOT AUTOMOBILE NIGERIA LIMITED MOTOR 4,502,231.331/6/2007
579 UNITRUST INSURANCE COMPANY LIMITED ROMARONG NIGERIA LIMITED THEFT 4,500,000.00 8/12/2007
NIGER CONSTRUCTION LTD (N THIRD PARTY DAMAGE 4,500,000.00 20-Feb-07
NIGER CONSTRUCTION LIMITED THIRD PARTY DAMAGE 4,500,000.00 12-Sep-07
582 INDUSTRIAL AND GENERAL INSURANCE PLC KABBA COMMUNITY BANK ACCIDENT 4,500,000.00 2/3/2007
583 LAW UNION & ROCK INSURANCE PLC SKYE BANK PLC MOTOR (OWN DAMAGE) 4,495,500.00 APRIL, 2007
584 LEADWAY ASSURANCE COMPANY LIMITED FED.MIN.OF WATER RESOURCE THEFT 4,495,500.00 30-May-07
585 LEADWAY ASSURANCE COMPANY LIMITED FED.MIN.OF WATER RESOURCE THEFT 4,495,500.00 30-May-07
586 SOVEREIGN TRUST INSURANCE PLC & CO-INSURERS
OANDO PLC THEFT OF MOTOR 4,493,000.00 5/10/2007
587 CONSOLIDATED HALLMARK INSURANCE PLC DIAMOND BANK/ATM CONSORTIUM LIMITED MOTOR 4,487,400.00 18/11/2007
588 CAPITAL EXPRESS INSURANCE COMPANY LIMITEDMR. ALBERT LONG-JOHN LIFE 4,486,105.302007
NIGER CONSTRUCTION LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 4,470,000.00 28-Jun-07
590 SOVEREIGN TRUST INSURANCE PLC PHOENIX STEEL MILLS LIMITED FIRE (STORM DAMAGE) 4,462,961.6018-01-07
591 NIGER INSURANCE PLC & CO-INSURERS GROUP LIFE
NATIONAL MARITIME AUTHORITY & SAFETY AGENCY 4,456,635.00 15-11-07
592 GOLDLINK INSURANCE PLC & CO-INSURERS NIGERITE LIMITED PERSONAL ACCIDENT 4,455,977.00 2007
DE-UNITED FOODS INDUSTRIES LIMITED MARINE (DAMAGE TO GOODS) 4,453,233.20 23-01-07
594 UNON ASSURANCE CO.LIMITED & CO-INSURERS MARINA INTL BANK LTD COMMERCIAL MOTOR 4,451,785.943/7/2007
595 EQUITY ASSURANCE PLC BILFINGER BERGER GAS & OIL SERVICES ACCIDENT 4,416,680.6423-04-07
596 STANDARD ALLIANCE INSURANCE PLC NAZOM OIL LIMITED MOTOR 4,407,451.0013-02-07
597 LAW UNION & ROCK INSURANCE PLC NABEELAH NIGERIA LIMITED FIRE (STORM DAMAGE) 4,406,025.00 OCTOBER, 2007
598 CORNERSTONE INSURANCE PLC & CO-INSURERSFUGRO CONSULTANT NIGERIA LIMITED FIRE 4,396,916.008/8/2007
599 Aiico INSURANCE PLC & CO-INSURERS C. A. EZEAGWUNA/MOBIL MOTOR 4,387,500.00 MAY, 2007
ACCESS BANK PLC/CALCULAX ACCIDENT 4,380,680.1521-02-07
601 INTERCONTINENTAL WAPIC INSURANCE PLC PROFOUND FINANCE & INVESTMENT LIMITED THEFT 4,370,000.00 30-10-07
602 CONSOLIDATED HALLMARK INSURANCE PLC AQUILA CAPITAL MOTOR 4,360,500.00 9/11/2007
HONEYWELL GROUP LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 4,354,166.7514-Dec-07
604 OCEANIC INSURANCE COMPANY LIMITED MACLAIZE TRUST & SEC THEFT 4,350,000.00 APRIL, 2007
605 INTERCONTINENTAL WAPIC INSURANCE PLC AGNES IKAZABOH ACCIDENT 4,328,640.00 15-08-07
606 GOLDLINK INSURANCE PLC INSTITUTE OF HUMAN VIROLOGY NIGERIA MOTOR 4,320,000.00 18-05-07
THE TRUSTEES OF FEDERAL POLYTECHNIC, OKO 4,316,633.9710/9/2007
608 ROYAL EXCHANGE ASSURANCE (NIG.) PLC AB CHAMI & CO. LIMITED/PAPTEC MARINE CARGO 4,292,758.80 11/12/2007
609 GOLDLINK INSURANCE PLC COOPWEST/OKAFOR NNAMDI ANTHONY MOTOR 4,292,366.00 23-11-07
NOSAK LIMITED FIRE 4,281,373.4527-08-07
611 LASACO ASSURANCE PLC NIGERIAN NATIONAL PETROLEUM CORPORATIONACCIDENT DAMAGE 4,273,790.53 24-08-07
TINCAN ISLAND CONTAINER T ACCIDENTAL DAMAGE/OWN DAMAGE 4,266,361.671-Mar-07
613 LEADWAY ASSURANCE COMPANY LIMITED DISTRIBUTORS OF NIGERIAN ACCIDENTAL DAMAGE/OWN DAMAGE 4,262,900.00 22-Oct-07
614 STANDARD ALLIANCE INSURANCE PLC XTRA INTEGRATED NIGERIA LIMITED MOTOR 4,255,650.00 4/4/2007
615 CUSTODIAN & ALLIED INSURANCE PLC PRICEWATERHOUSE COOPERS LIMITED MOTOR 4,255,000.00 10/7/2007
616 ZENITH GENERAL INSURANCE COMPANY LIMITEDFLUID MANAGEMENT SERVICES ACCIDENT 4,250,000.00 5/4/2007
618 ZENITH GENERAL INSURANCE COMPANY LIMITEDNEW TECHNICS NIGERIA LIMITED ACCIDENT 4,230,000.00 10/7/2007
619 GOLDLINK INSURANCE PLC & CO-INSURERS FRIESLAND FOODS WAMCO NIGERIA PLC MARINE CARGO 4,218,037.325/11/2007
620 LASACO ASSURANCE PLC & CO-INSURERS LAGOS STATE JUDICIARY ACCIDENT DAMAGE 4,212,916.6720-07-07
621 LINKAGE ASSURANCE PLC BAYELSA STATE GOVERNMWNT ACCIDENT 4,212,033.0019-04-07
622 GOLDLINK INSURANCE PLC ASSEMBLIES OF GOD MISSION THEFT OF MOTOR 4,207,950.00 4/6/2007
INTERCONTINENTAL BANK PLC ACCIDENT 4,204,285.713/8/2007
624 SOVEREIGN TRUST INSURANCE PLC BIG J. WATERS SERVICES LIMITED BOND (DEFAULT IN PERFOMANCE) 4,200,000.00 22-02-07
INTERCONTINENTAL BANK PLC ACCIDENT 4,185,000.0027-12-07
626 ROYAL EXCHANGE ASSURANCE (NIG.) PLC BEN DUMBARI DIMKPA (MR)/FBN PLC THEFT 4,181,125.00JUNE, 2007
627 NEM INSURANCE PLC & CO-INSURERS ZAKHEM CONSTRUCTION MARINE 4,180,925.0010/10/2007
628 INTERCONTINENTAL WAPIC INSURANCE PLC CHAM MEDI-PHARM LIMITED/GTE ACCIDENT 4,177,081.808/11/2007
629 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ROYAL EXCHANGE ASSURANCE (NIG.) PLC ACCIDENT 4,162,500.00MARCH, 2007
630 GOLDLINK INSURANCE PLC & CO-INSURERS NIGERIAN AGIP OIL COMPANY LIMITED M OTOR 4,160,000.005/7/2007

631 GOLDLINK INSURANCE PLC & CO-INSURERS NAOC/GERSHOM OBGULUIJAH THEFT OF MOTOR 4,160,000.00 24-04-07
632 Aiico INSURANCE PLC ERNEST & YOUNG MOTOR 4,148,625.00 JULY, 2007
633 ZENITH GENERAL INSURANCE COMPANY LIMITED STARCOMMS LIMITED DEATH OF MR. IBEAWUCHI 4,142,820.02 10/12/2007
634 GOLDLINK INSURANCE PLC WEST AFRICAN PUMBING SERVICES THEFT OF MOTOR 4,140,000.00 4/7/2007
UBA PLC/MR. WALE ADELAJA ACCIDENTAL DAMAGE/OWN DAMAGE 4,140,000.00 2-Aug-07
636 INDUSTRIAL AND GENERAL INSURANCE PLC SPDC MOTOR 4,140,000.00 10/9/2007
639 LEADWAY ASSURANCE COMPANY LIMITED EBUNADE ENTERPRISES LIMIT ACCIDENTAL DAMAGE/OWN DAMAGE 4,095,000.00 4-Dec-07
640 GOLDLINK INSURANCE PLC COOPWEST/CHENOTECH NIGERIA LIMITED THEFT OF MOTOR 4,095,000.00 12/2/2007
641 GOLDLINK INSURANCE PLC & CO-INSURERS NIGERIAN AGIP OIL COMPANY LIMITED M OTOR 4,090,000.00 11/4/2007
642 GOLDLINK INSURANCE PLC COOPWEST/MR. EWHRUDJAKPOR O. O. MOTOR 4,090,000.00 20-03-07
644 CUSTODIAN & ALLIED INSURANCE PLC FINANCIAL DERIVATIVES MOTOR 4,085,000.00 25-10-07
645 STANDARD ALLIANCE INSURANCE PLC MR. CHRIS OKONMAH FIRE 4,077,900.00 3/5/2007
647 GUARANTY TRUST ASSURANCE PLC & CO-INSURERS FEDERAL MORTGAGE BANK OF NIGERIA MOTOR 4,076,174.38 13-09-07
648 INTERCONTINENTAL WAPIC INSURANCE PLC E. EKESONS BROS. NIGERIA LIMITED ACCIDENT 4,060,485.00 28-02-07
649 LEADWAY ASSURANCE COMPANY LIMITED INTERGRATED FIBRES LIMITED OVERTURNING OF GOODS 4,057,989.30 28-Feb-07
650 SOVEREIGN TRUST INSURANCE PLC & CO-INSURERSOANDO PLC THEFT 4,056,275.00 4/9/2007
651 CUSTODIAN & ALLIED INSURANCE PLC SDV NIGERIA LIMITED MOTOR 4,051,620.00 6/7/2007
652 GOLDLINK INSURANCE PLC & CO-INSURERS ROYAL HONOUR INVESTMENT LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 4,050,000.00 2-Nov-07
653 CUSTODIAN & ALLIED INSURANCE PLC PRICEWATERHOUSE COOPERS LIMITED MOTOR 4,050,000.00 11/12/2007
654 GOLDLINK INSURANCE PLC COOPWEST/MR. KUNLE & MRS. E. KAZEEM THEFT OF MOTOR 4,050,000.00 27-03-07
655 INTERCONTINENTAL WAPIC INSURANCE PLC BABAJIDE OLUFEMI THEFT 4,050,000.00 31-07-07
656 A & G INSURANCE COMPANY LIMITED & CO-INSURERS
ABB NIGERIA LIMITED MOTOR 4,050,000.00 15-01-07
657 GOLDLINK INSURANCE PLC & CO-INSURERS CHIEF OLUSOLA ADEKANOLA FIRE 4,044,000.00 31-05-07
658 EQUITY LIFE INSURANCE COMPANY LIMITED STERLING BANK PLC GROUP LIFE 4,038,165.00 21-12-07
SDV NIGERIA LIMITED DAMAGE TO EXISTING PROPERTY 4,038,065.78 15-Jun-07
660 SOVEREIGN TRUST INSURANCE PLC FIRST BANK NIGERIA/CITIPOINT CHAMBERS ACCIDENT 4,032,112.50 5/7/2007
661 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NOSAK LIMITED FIRE 4,020,000.00 5/5/2007
662 LEADWAY ASSURANCE COMPANY LIMITED AKIODE ACCIDENTAL DAMAGE/OWN DAMAGE 4,018,500.00 1-Mar-07
663 MUTUAL BENEFITS ASSURANCE PLC MR. & MRS. M. A. ADEKANBI ACCIDENT DAMAGE 4,010,879.19 24-08-07
664 NICON INSURANCE PLC TRUSTEES OF NATIONAL COMMISSION FOR MUSEUMWITHDRAWAL
& MONUMENTS
BENEFITS 4,000,000.00 16-03-07
665 NICON INSURANCE PLC TRUSTEES OF DEFENCE INTELLIGENCE AGENCYWITHDRAWAL BENEFITS 4,000,000.00 16-03-07
666 NICON INSURANCE PLC STANDARD ORGANISATION OF NIGERIA WITHDRAWAL BENEFITS 4,000,000.00 28-05-07
667 SOVEREIGN TRUST INSURANCE PLC PRINCE K. O. A. AKINGBADE ACCIDENT 4,000,000.00 19-10-07
668 NICON INSURANCE PLC NIGERIA TOURISM DEVELOPEMNT CORPORATIONWITHDRAWAL BENEFITS 4,000,000.00 28-05-07
669 NICON INSURANCE PLC NATIONAL INSTITUTE OF POLICY & STRATEGIC STUDIES,
WITHDRAWAL
KURUBENEFITS 4,000,000.00 28-05-07
670 NICON INSURANCE PLC MR. GODFREY PAUL MOTOR 4,000,000.00 NOVEMBER, 2007
671 NICON INSURANCE PLC BANK OF THE NORTH (GLA SCHEME) WITHDRAWAL BENEFITS 4,000,000.00 28-05-07
672 MUTUAL BENEFITS ASSURANCE PLC ACHI EXPRESS NIGERIA LIMITED ACCIDENT DAMAGE 4,000,000.00 14-06-07
673 LEADWAY ASSURANCE COMPANY LIMITED FRIESLAND FOODS WAMCO NIGERIA PLC THEFT 3,999,999.70 14-Aug-07
674 SA INSURANCE PLC & CO-INSURERS STANDARD ORGANISATION OF NIGERIA ACCIDENT 3,997,125.00 23-10-07
675 LEADWAY ASSURANCE COMPANY LIMITED STERLING BANK PLC / ADEYE THEFT 3,990,000.00 12-Nov-07
676 GUARANTY TRUST ASSURANCE PLC ALEXANDER CHIKE NNAKA MOTOR 3,973,000.00 25-01-07
677 INTERCONTINENTAL WAPIC INSURANCE PLC A-Z PETROLEUM PRODUCTS LIMITED ACCIDENT 3,972,708.00 12/7/2007
678 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ASHAKA CEMENT PLC THEFT 3,971,000.00 OCTOBER, 2007
679 GOLDLINK INSURANCE PLC & CO-INSURERS SMALL & MEDIUM ENT. DEV. AGENCY OF NIGERIATHEFT/BURGLARY 3,960,000.00 7/9/2007
680 LEADWAY ASSURANCE COMPANY LIMITED OLUWAJI BIYI ACTUAL TOTAL LOSS 3,960,000.00 7-Jun-07
681 EQUITY LIFE INSURANCE COMPANY LIMITED NIGERIAN AGIP OIL COMPANY LIMITED GROUP LIFE 3,952,844.80 15-02-07
682 INDUSTRIAL AND GENERAL INSURANCE PLC SPDC /OMONIGHO MOTOR 3,952,712.00 25-06-07
683 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ASHAKA CEMENT PLC ENGINEERING 3,945,000.00 APRIL, 2007
684 NICON INSURANCE PLC NIGERIA TELECOMMUNICATION WITHDRAWAL BENEFITS 3,937,128.00 16-03-07
PETRONELLA NIGERIA LIMITED THEFT 3,933,000.00 18-May-07
686 LEADWAY ASSURANCE COMPANY LIMITED CELTEL NIGERIA LIMITED THEFT 3,928,725.00 10-Sep-07
687 INDUSTRIAL AND GENERAL INSURANCE PLC SPDC/OMONIGHO MOTOR 3,925,712.50 25-06-07
INTERCONTINENTAL BANK PLC ACCIDENT 3,921,428.57 21-11-07
689 MUTUAL BENEFITS ASSURANCE PLC TECHNIBEL NIGERIA LIMITED THEFT 3,910,000.00 27-12-07
690 NEM INSURANCE PLC COSTAIN WEST AFRICA MOTOR 3,907,073.91 15-11-07
691 ROYAL EXCHANGE ASSURANCE (NIG.) PLC FRONTIER LOGISTICS SERVICES LIMITED ACCIDENT 3,901,300.00 AUGUST, 2007
692 EQUITY ASSURANCE PLC MBONNY TECH. SERVICES/ECOBANK MOTOR 3,900,000.00 23-04-07
693 LEADWAY ASSURANCE COMPANY LIMITED FASORANTI A. MR & MRS THEFT 3,900,000.00 15-Jan-07
694 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION,
WITHDRAWAL
ABEOKUTA
BENEFITS 3,894,636.18 10/9/2007
695 ZENITH GENERAL INSURANCE COMPANY LIMITED GMT NIGERIA LIMITED MARINE 3,893,849.57 14-12-07
696 NIGER INSURANCE PLC CHIEF MIKE ELECHI THEFT OF MOTOR 3,888,000.00 2/2/2007
697 GUARANTY TRUST ASSURANCE PLC ADEDOKUN DIPO MOTOR 3,887,500.00 26-04-07
FCMB MOTOR 3,886,511.75 6/12/2007
700 ROYAL EXCHANGE ASSURANCE (NIG.) PLC HIMMA MERCHANTS LIMITED THEFT (GOODS IN TRANSIT) 3,871,502.68 DECEMBER, 2007

701 ZENITH GENERAL INSURANCE COMPANY LIMITEDDR. AND MRS. UCHE EKWEM ACCIDENT 3,847,500.00 28-12-07
702 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN AMERICAN BANK LIMITED PENSION & GRATUITY 3,840,680.16 20-12-07
703 LEADWAY ASSURANCE COMPANY LIMITED BIWATER NIGERIA LIMITED ACCIDENTAL DAMAGE 3,838,113.30 28-Jun-07
704 ADIC INSURANCE LIMITED FERCITEX COMPANY NIGERIA LIMITED THEFT (MOTOR) 3,835,000.00 17-07-07
705 CRUSADER LIFE INSURANCE LIMITED FAN MILK PLC DEATH 3,827,384.23 2007
706 SOVEREIGN TRUST INSURANCE PLC JOSEPH IGBEN THEFT 3,825,000.00 12/11/2007
707 ZENITH GENERAL INSURANCE COMPANY LIMITEDFLUID MANAGEMENT SERVICES FIRE 3,825,000.00 7/6/2007
708 KAPITAL INSURANCE COMPANY LIMITED APARALINE ACCIDENT DAMAGE 3,825,000.00 14-05-07
INTERCONTINENTAL BANK PLC ACCIDENT 3,823,031.26 3/8/2007
GUINNESS NIGERIA PLC MOTOR 3,815,437.50 13-08-07
GUINNESS NIGERIA PLC ACTUAL TOTAL LOSS 3,815,437.50 23-Jul-07
712 Aiico INSURANCE PLC NIGERIA BAG MANUFACTURING CO. WORKMEN COMPENSATION 3,812,902.90 NOVEMBER, 2007
713 NICON INSURANCE PLC NIGERIAN INSTITUTE OF SOCIAL & ECONOMC RESEARCH
714 INTERCONTINENTAL WAPIC INSURANCE PLC DORI CONSTRUCTION & ENG. LIMITED ACCIDENT 3,800,000.00 22-02-07
715 CUSTODIAN & ALLIED INSURANCE PLC SDV NIGERIA LIMITED MOTOR 3,798,364.40 28-11-07
OANDO GROUP ACCIDENTAL DAMAGE/OWN DAMAGE 3,797,500.00 31-Aug-07
717 GUARANTY TRUST ASSURANCE PLC & CO-INSURERSGUARANTY TRUST BANK PLC LIFE 3,795,000.00 16-08-07
718 GOLDLINK INSURANCE PLC INSURANCE BROKERS OF NIGERIA THEFT OF MOTOR 3,790,000.00 25-04-07
719 GUARANTY TRUST ASSURANCE PLC AVIATION LOGISTICS & MGMT. LIFE 3,789,853.56 5/9/2007
720 ROYAL EXCHANGE ASSURANCE (NIG.) PLC CROWN FLOUR MILLS LIMITED ACCIDENT 3,788,437.00 NOVEMBER, 2007
721 Aiico INSURANCE PLC ECOBANK NIGERIA PLC MOTOR 3,787,875.00 NOVEMBER, 2007
722 CUSTODIAN & ALLIED INSURANCE PLC CONTINENTAL SHIPYARDS LIMITED FIRE & SPECIAL PERILS 3,787,192.60 13-11-07
723 INDUSTRIAL AND GENERAL INSURANCE PLC NIIA LIFE 3,785,011.20 5/10/2007
724 ADIC INSURANCE LIMITED OLABOSCO AGRIC FARM PRODUCTS COMPANYENGINEERING
LIMITED 3,782,892.10 30-07-07
725 INTERCONTINENTAL WAPIC INSURANCE PLC GMT NIGERIA LIMITED MARINE CARGO 3,779,851.93 4/12/2007
726 Aiico INSURANCE PLC MOBIL STAFF COOPERATIVE MOTOR 3,778,625.00 AUGUST, 2007
727 CUSTODIAN & ALLIED INSURANCE PLC BANK PHB/AGAD LIMITED MOTOR 3,768,862.50 24-08-07
728 GOLDLINK INSURANCE PLC DAEWOO NIGERIA LIMITED WORKMEN COMPENSATION 3,767,673.00 26-03-07
WEST AFRICAN PORTLAND CEMENT MOTOR 3,766,500.00 10/5/2007
730 INDUSTRIAL AND GENERAL INSURANCE PLC PETROLEUM EQUALIZATION FUND MOTOR 3,766,500.00 17-12-07
731 INDUSTRIAL AND GENERAL INSURANCE PLC PETROLEUM EQUALIZATION FUND MOTOR 3,766,500.00 17-12-07
732 GOLDLINK INSURANCE PLC & CO-INSURERS BAGAUDA BISCUITS COMPANY LIMITED FIRE 3,758,699.38 23-11-07
PROMASIDOR DEATH 3,750,882.00 2007
734 CUSTODIAN & ALLIED INSURANCE PLC TOWER ALUMINUM PLC MOTOR 3,746,250.00 26-09-07
735 OCEANIC INSURANCE COMPANY LIMITED LUKEMAN ADEBAYO THEFT 3,746,250.00 SEPTEMBER, 2007
736 CUSTODIAN & ALLIED INSURANCE PLC HAKEEM BELLO OSAGIE MOTOR 3,746,000.00 8/3/2007
737 ROYAL EXCHANGE ASSURANCE (NIG.) PLC MANDILAS ENTERPRISES LIMITED ACCIDENT 3,742,599.00 DECEMBER, 2007
738 OCEANIC INSURANCE COMPANY LIMITED AISHAT VENTURES LIMITED THEFT 3,741,000.00 JUNE, 2007
739 SOVEREIGN TRUST INSURANCE PLC RESOURCES IMPROVEMENT & MANUFACT THEFT (LOSS OF GOODS) 3,726,278.70 22-01-07
740 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, MUBI
741 LAW UNION & ROCK INSURANCE PLC & CO-INSURERS
IDE FOAM & CHEMICAL LIMITED FIRE DAMAGE 3,721,005.15 NOVEMBER, 2007
742 LINKAGE ASSURANCE PLC FIRST MARINE &ENGR. SERVICES THEFT 3,719,250.00 30-05-07
743 UNITRUST INSURANCE COMPANY LIMITED FRUTTA JUICE FIRE 3,718,082.88 15-02-07
744 SOVEREIGN TRUST INSURANCE PLC ARCHITECTURAL FOAM PRODUCTS FIRE 3,714,373.71 27-02-07
745 NICON INSURANCE PLC FHA HOMES MOTOR 3,712,000.00 JULY, 2007
747 Aiico INSURANCE PLC LOR & OR CONST. NIGERIA LIMITED MOTOR 3,700,250.00 NOVEMBER, 2007
748 CUSTODIAN & ALLIED INSURANCE PLC UNITY BANK PLC MOTOR 3,685,500.00 23-05-07
749 EQUITY ASSURANCE PLC ETAP CUSTOMERS MOTOR 3,685,500.00 27-08-07
751 INTERNATIONAL ENERGY INSURANCE PLC OLUSOJI OMOSHEHIN MOTOR 3,645,000.00 7/11/2007
752 INTERCONTINENTAL WAPIC INSURANCE PLC OGUNFADE ABAYOMI / IB PLC THEFT 3,645,000.00 12/9/2007
753 CUSTODIAN & ALLIED INSURANCE PLC MRS. FLORENCE IYADUNNI JACOBS MOTOR 3,645,000.00 10/7/2007
754 LEADWAY ASSURANCE COMPANY LIMITED NAT. UNION OF TEXTILES GA ACCIDENTAL DAMAGE 3,643,428.60 18-Sep-07
KITCHEN VEGETABLE OIL LIMITED FIRE (EXPLOSION) 3,626,787.00 22-01-07
756 CRUSADER LIFE INSURANCE LIMITED A. G. LEVETIS (NIG) PLC WELFARE SCHEME 3,623,229.33 2007
757 ROYAL EXCHANGE ASSURANCE (NIG.) PLC UNITED NIGERIAN TEXTILES PLC WORKMEN COMPENSATION 3,619,359.27 JANUARY, 2007
758 LEADWAY ASSURANCE COMPANY LIMITED POWER HOLDING CO. OF NIG. THEFT 3,616,390.80 21-Dec-07
759 ROYAL EXCHANGE ASSURANCE (NIG.) PLC CITY BUSINESS COMPUTERS ACCIDENT 3,612,818.75 11/12/2007
760 GOLDLINK INSURANCE PLC & CO-INSURERS NAOC/MR. D. O. INYESE THEFT OF MOTOR 3,608,000.00 4/11/2007
OANDO GROUP ACCIDENTAL DAMAGE/OWN DAMAGE 3,606,812.50 30-Jan-07
762 ZENITH GENERAL INSURANCE COMPANY LIMITEDFLUID MANAGEMENT SERVICES ACCIDENT 3,600,000.00 4/5/2007
763 ROYAL EXCHANGE ASSURANCE (NIG.) PLC LEVENTIS MOTORS FIDELITY GUARANTEE 3,588,417.58 JUNE, 2007
764 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ECOBANK NIGERIA PLC ACCIDENT 3,577,437.50 DECEMBER, 2007
766 INTERCONTINENTAL WAPIC INSURANCE PLC ABIA STATE TRANSPORT/ IB PLC ACCIDENT 3,564,000.00 31-07-07
767 Aiico INSURANCE PLC BHH PLC MOTOR 3,561,562.50 OCTOBER, 2007
REYNOLDS CONSTRUCTION COMPANY THEFT 3,548,250.00 5-Sep-07
769 CUSTODIAN & ALLIED INSURANCE PLC CLARK ENERGY NIGERIA LIMITED MOTOR 3,548,250.00 14-08-07
770 OCEANIC INSURANCE COMPANY LIMITED NADABO ENERGY LIMITED THEFT 3,527,500.00 MARCH, 2007


LINGTON & BERNIE CONSULTING LTD MOTOR 3,524,625.00 10/5/2007
773 LASACO ASSURANCE PLC SMMRD FED. MINISTRY OF SOLID MINERAL FCT,
THEFT
ABUJA 3,519,000.00 25-07-07
774 INTERCONTINENTAL WAPIC INSURANCE PLC OLATUNDE FASAKIN/IB PLC THEFT 3,500,000.00 31-07-07
775 NICON INSURANCE PLC NIGERIA FILM CORPORATION WITHDRAWAL BENEFITS 3,500,000.00 28-05-07
776 EQUITY LIFE INSURANCE COMPANY LIMITED & CO-INSURERS
NATIONAL PRIMARY HEALTH CARE DEVELOPMENT
GROUPAGENCY
LIFE 3,486,582.00 8/11/2007
777 GOLDLINK INSURANCE PLC & CO-INSURERS WESTCOM WIRELESS LIMITED MOTOR 3,483,000.00 5/4/2007
778 GOLDLINK INSURANCE PLC SALINI NIGERIA LIMITED MOTOR 3,482,000.00 10/8/2007
779 GOLDLINK INSURANCE PLC ROYAL HONOUR INVESTMENT LIMITED MOTOR 3,480,750.00 28-01-07
780 Aiico INSURANCE PLC UNITED BANK FOR AFRICA PLC/GODWIN OHONBA
MOTOR 3,471,062.50 OCTOBER, 2007
SAFEWHEELERS EXPRESS/FIDELITY BANK PLCMOTOR 3,466,125.00 2/7/2007
782 NEM INSURANCE PLC FIRST BANK OF NIGERIA PLC MOTOR 3,463,000.00 4/4/2007
783 GUARANTY TRUST ASSURANCE PLC UPOMI RICHARD MOTOR 3,460,000.00 15-02-07
784 GUARANTY TRUST ASSURANCE PLC TAIWO EMMANUEL OWAN MOTOR 3,460,000.00 7/5/2007
UAC OF NIGERIA PLC- DAIRI ACCIDENTAL DAMAGE/OWN DAMAGE 3,447,521.29 29-Oct-07
786 LINKAGE ASSURANCE PLC & CO-INSURERS EDDYSON TRANSPORT NIGERIA LIMITED ACCIDENT 3,434,400.00 14-02-07
787 GOLDLINK INSURANCE PLC SMALL & MEDIUM ENT. DEV. AGENCY OF NIGERIA
MOTOR 3,432,019.50 22-10-07
788 UNITRUST INSURANCE COMPANY LIMITED AGINO SHIPPING MARNE HULL 3,426,339.15 22-12—07
789 NEM INSURANCE PLC & CO-INSURERS SECURITIES EXCHANGE COMMISSION MOTOR 3,425,341.76 9/10/2007
790 LAW UNION & ROCK INSURANCE PLC BORINI PRONO & CO. DEATH 3,424,800.00 APRIL, 2007
791 STANDARD ALLIANCE INSURANCE PLC ADDAX PETROLEUM DEVELOPMENT NIG. LTD. MOTOR 3,424,766.70 21-08-07
792 GUARANTY TRUST ASSURANCE PLC JULIUS BERGER NIGERIA PLC MOTOR 3,424,000.00 22-11-07
793 GUARANTY TRUST ASSURANCE PLC PLESSEY NIGERIA LIMITED ENGINEERING 3,421,517.50 17-05-07
794 CRUSADER GENERAL INSURANCE LIMITED STERLING BANK PLC/EFOSA EXPRESS COMMERCIAL MOTOR 3,420,000.00 3/12/2007
795 LEADWAY ASSURANCE COMPANY LIMITED EMEKA ELOBI / DILIC HOTEL THEFT 3,420,000.00 17-Oct-07
DORI CONSTRUCTION AND ENG THEFT 3,420,000.00 22-May-07
797 INTERNATIONAL ENERGY INSURANCE PLC DAMILOLA AKINYELE MOTOR 3,420,000.00 26-10-07
798 EQUITY ASSURANCE PLC ACCESS BANK PLC/CALCULAX MOTOR 3,420,000.00 14-03-07
799 SOVEREIGN TRUST INSURANCE PLC BRITISH AMERICAN TOBACCO ACCIDENT 3,415,500.00 27-02-07
VITAFOAM (NIGERIA) PLC ACCIDENTAL DAMAGE/OWN DAMAGE 3,413,462.57 23-May-07
801 ROYAL EXCHANGE ASSURANCE (NIG.) PLC KOPEK CONSTRUCTION LIMITED PUBLIC LIABILITY 3,411,389.25 SEPTEMBER, 2007
ARAB CONTRACTORS O.A.O NI ACCIDENTAL DAMAGE/OWN DAMAGE 3,408,703.20 15-Oct-07
803 MUTUAL BENEFITS ASSURANCE PLC RED TRANSPORT NIGERIA LIMITED THEFT 3,402,000.00 3/7/2007
804 INTERCONTINENTAL WAPIC INSURANCE PLC OWOLABI JAYESIMI / BANK PHB THEFT 3,402,000.00 27-12-07
805 LAW UNION & ROCK INSURANCE PLC ABINA AYODELE FALIC MOTOR (OWN DAMAGE) 3,402,000.00 NOVEMBER, 2007
806 GUARANTY TRUST ASSURANCE PLC LEAD CAPITAL LIMITED MOTOR 3,400,000.00 27-11-07
807 INTERCONTINENTAL WAPIC INSURANCE PLC CRANE LOGISTICS LIMITED / IB PLC ACCIDENT 3,400,000.00 5/9/2007
808 UNITRUST INSURANCE COMPANY LIMITED GIVANAS NIGERIA LIMITED THEFT (GOODS IN TRANSIT) 3,384,562.50 31-12—07
809 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NESTLE NIGERIA PLC THEFT 3,381,698.25 AUGUST, 2007
810 CRUSADER GENERAL INSURANCE LIMITED MAJOG VENTURES LIMITED ACCIDENT 3,377,014.11 5/3/2007
811 CRUSADER GENERAL INSURANCE LIMITED MAJOG VENTURES LIMITED GOODS IN TRANSIT 3,377,014.11 4/4/2007
812 LASACO ASSURANCE PLC ASS. OF REP. & FAMILY HEALTH THEFT 3,361,500.00 13-11-07
813 INTERCONTINENTAL WAPIC INSURANCE PLC M. R. S. OIL & GAS CO. LIMITED ACCIDENT 3,351,600.00 19-06-07
814 LAW UNION & ROCK INSURANCE PLC SKYE BANK PLC THEFT 3,344,500.00 JANUARY, 2007
815 Aiico INSURANCE PLC ECOBANK NIGERIA PLC MOTOR 3,330,000.00 MAY, 2007
816 Aiico INSURANCE PLC ECOBANK NIGERIA PLC MOTOR 3,330,000.00 MAY, 2007
817 NIGERIAN AGRICULTURAL INSURANCE CORPORATION
NIGERIAN STARCH MILLS LIMITED FIRE (FLOOD DAMAGE) 3,329,664.00 13-03-07
818 GOLDLINK INSURANCE PLC & CO-INSURERS WESTCOM WIRELESS LIMITED MOTOR 3,327,750.00 1/8/2007
GUINNESS NIGERIA PLC ACTUAL TOTAL LOSS 3,325,000.00 13-Nov-07
821 GUARANTY TRUST ASSURANCE PLC NIGERIA COMMUNICATION COMMISSSION MOTOR 3,321,000.00 16-07-07
822 INTERCONTINENTAL WAPIC INSURANCE PLC SKILLFUL TOUCH/ IB PLC THEFT 3,312,000.00 23-07-07
824 NICON INSURANCE PLC TRUSTEES OF FEDERAL SCHOOL OF SURVEY WITHDRAWAL BENEFITS 3,280,811.73 16-03-07
825 SOVEREIGN TRUST INSURANCE PLC NETCODIETSMANN COMPANY LIMITED ACCIDENT 3,280,000.00 16-05-07
826 EQUITY ASSURANCE PLC AFRICA OILFIL SERVICES MOTOR 3,276,000.00 22-11-07
827 GUARANTY TRUST ASSURANCE PLC ORUMA JOHNSON MOTOR 3,269,520.00 15-10-07
828 CRUSADER GENERAL INSURANCE LIMITED CAPITAL BANCORP LIMITED PRIVATE MOTOR 3,260,600.00 6/7/2007
829 NICON INSURANCE PLC TRUSTEES OF FEDERAL MORTGAGE BANK WITHDRAWAL BENEFITS 3,254,126.46 16-03-07
830 CRUSADER LIFE INSURANCE LIMITED BETA GLASS PLC SNR DEATH 3,243,108.00 2007
831 CUSTODIAN & ALLIED INSURANCE PLC UNILEVER NIGERIA LIMITED MOTOR 3,241,875.00 21-03-07
832 GOLDLINK INSURANCE PLC WEMASEC/GLOBAL APEX LOGISTICS MOTOR 3,240,000.00 24-04-07
833 LAW UNION & ROCK INSURANCE PLC MR. L. A. OGUNLEYE THEFT 3,240,000.00 SEPTEMBER, 2007
834 LEADWAY ASSURANCE COMPANY LIMITED DAHIRU LABO THEFT 3,240,000.00 18-Jul-07
OPTICOM LEASING CO. LTD. THEFT 3,236,531.29 9-Jul-07
836 LAW UNION & ROCK INSURANCE PLC TOET CONSOLIDATED THEFT 3,232,875.00 JUNE, 2007
837 STANDARD TRUST INSURANCE PLC & CO-INSURERS
COUNCIL OF LEGAL EDUCATION FIRE 3,232,500.00 13-06-07
838 NEM INSURANCE PLC & CO-INSURERS MORPOL ENGINEERING MOTOR 3,230,000.00 9/2/2007
839 LEADWAY ASSURANCE COMPANY LIMITED CELTEL NIGERIA LIMITED ACTUAL TOTAL LOSS 3,229,125.00 7-Feb-07
840 INTERNATIONAL ENERGY INSURANCE PLC MR. & MRS. NUDUBISI NNNEKA UKA MOTOR 3,227,850.00 31-07-07

International Energy
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841 GUARANTY TRUST ASSURANCE PLC & CO-INSURERSGUARANTY TRUST BANK PLC LIFE 3,227,500.00 30-11-07
INTERCONTINENTAL BANK PLC THEFT 3,224,375.00 25-01-07
THE TRUSTEES OF ADEYEMI COLLEGE OF EDUCATION, ONDOBENEFITS 3,218,171.52 10/9/2007
844 CUSTODIAN & ALLIED INSURANCE PLC 3 LIN E CARD MANAGEMENT MOTOR 3,217,010.00 19-03-07
845 KAPITAL INSURANCE COMPANY LIMITED NIGER DELTA DEVELOPMENT COMMSSION ACCIDENT DAMAGE 3,213,028.78 16-10-07
846 Aiico INSURANCE PLC CONSTANT LINK MOTOR 3,212,929.69 SEPTEMBER, 2007
REYNOLDS CONSTRUCTION COMPANY THIRD PARTY DEATH(BURIAL EXPENSE) I 3,200,000.00 7-Aug-07
848 GUARANTY TRUST ASSURANCE PLC OJURONGBE N. IDERA MOTOR 3,200,000.00 7/8/2007
849 NEM INSURANCE PLC CROSS RIVER STATE MOTOR 3,199,500.00 17-09-07
850 ROYAL EXCHANGE ASSURANCE (NIG.) PLC W. W. GOLDEN VENTURES NIG. LIMITED ACCIDENT 3,195,000.00 JANUARY, 2007
851 LAW UNION & ROCK INSURANCE PLC & CO-INSURERS
ST. PATRICK CATHOLIC CHURCH (KANO) FIRE DAMAGE 3,180,783.02 AUGUST, 2007
852 GOLDLINK INSURANCE PLC COOPWEST/ABIMBOLA MOJISOLA T. THEFT OF MOTOR 3,180,600.00 23-10-07
853 CRUSADER LIFE INSURANCE LIMITED FRIGOGLASS INDUSTRIES LIMITED WELFARE SCHEME 3,177,278.63 2007
854 NICON INSURANCE PLC OAS HELICOPTER MOTOR 3,175,250.00 MARCH, 2007
855 ROYAL EXCHANGE ASSURANCE (NIG.) PLC AFRIBANK CAPITAL MARKETS LIMITED THEFT 3,163,500.00 NOVEMBER, 2007
856 CRUSADER GENERAL INSURANCE LIMITED UNITED GEOPHYSICAL NIGERIAN LIMITED G PA 3,162,961.62 3/7/2007
857 NIGER INSURANCE PLC MRS. JUDITH ABDUL THEFT OF MOTOR 3,154,950.00 26-11-07
858 ZENITH GENERAL INSURANCE COMPANY LIMITED KEN JONS NIGERIA LIMITED ACCIDENT 3,150,000.00 17-10-07
859 ZENITH GENERAL INSURANCE COMPANY LIMITED M. C. OBI AND SONS MOTORS ACCIDENT 3,149,992.80 20-11-07
860 ZENITH GENERAL INSURANCE COMPANY LIMITED CAT CONSTRUCTION LIMITED THEFT 3,136,500.00 8/8/2007
861 ROYAL EXCHANGE ASSURANCE (NIG.) PLC WOMEN FOR WOMEN INTERNATIONAL NIGERIATHEFT 3,121,875.00 OCTOBER, 2007
862 CRUSADER GENERAL INSURANCE LIMITED BAMISORO NIG LTD/STERLING BANK COMMERCIAL MOTOR 3,121,875.00 28/12/2007
863 KAPITAL INSURANCE COMPANY LIMITED THEFT
UPPER NIGER RIVER BASIN DEVELOPMENT AUTHORITY 3,120,750.00 11/11/2007
864 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NESTLE NIGERIA PLC DEATH 3,119,094.00 7/5/2007
866 NICON INSURANCE PLC FEDERAL POLYTECHNIC NEKEDE, OWERRI MOTOR 3,117,809.63 SEPTEMBER, 2007
867 INDUSTRIAL AND GENERAL INSURANCE PLC GEOSERVICES LIFE 3,115,584.00 19-06-07
868 NICON INSURANCE PLC SAMBAJO GENERAL ENT. LIMITED FIRE 3,109,867.12 JULY, 2007
869 EKESON GOLD TRANSPORT NIGERIA LIMITED ACCIDENT
INTERCONTINENTAL WAPIC INSURANCE PLC & CO-INSURERS 3,104,369.47 24-10-07
870 INTERCONTINENTAL WAPIC INSURANCE PLC ARIZONA TRADING CO. MARINE CARGO 3,099,212.26 19-06-07
871 UNITRUST INSURANCE COMPANY LIMITED TROLLEYS LIMITED THEFT/BURGLARY 3,098,947.50 1/8/2007
872 INVESTMENT & ALLIED ASSURANCE PLC GLOBAL GAS REF. LIMITED MOTOR 3,096,000.00 30-05-07
873 LEADWAY ASSURANCE COMPANY LIMITED OVBIEBO ACTUAL TOTAL LOSS 3,086,100.00 13-Mar-07
874 LAW UNION & ROCK INSURANCE PLC IAL NIGERIA LIMITED DEATH 3,082,445.13 NOVEMBER, 2007
875 LAW UNION & ROCK INSURANCE PLC IAL NIGERIA LIMITED DEATH 3,082,445.13 NOVEMBER, 2007
876 CONSOLIDATED HALLMARK INSURANCE PLC BRIGHTER DAYS ORG. MOTOR 3,071,250.00 16/11/2007
877 EQUITY ASSURANCE PLC TELEPUTERS SYSTEMS LIMITED ACCIDENT 3,061,586.52 24-09-07
878 INDUSTRIAL AND GENERAL INSURANCE PLC SNEPCO MOTOR 3,060,000.00 13-08-07
879 INDUSTRIAL AND GENERAL INSURANCE PLC SNEPCO MOTOR 3,060,000.00 13-08-07
880 REGENCY ALLIANCE INSURANCE PLC MRS. NGOSI THEFT OF MOTOR 3,060,000.00 20-03-07
881 INDUSTRIAL AND GENERAL INSURANCE PLC CCECC MOTOR 3,060,000.00 31-05-07
882 GOLDLINK INSURANCE PLC BIG JOE MOTORS /FBN PLC MOTOR 3,060,000.00 7/12/2007
883 SOVEREIGN TRUST INSURANCE PLC ZANA ORIGINALS (TRENDY & UNIQUE) FIRE 3,051,169.00 9/3/2007
885 NEM INSURANCE PLC WEST AFRICAN SEASONING CO. LIMITED MOTOR 3,035,250.00 17-01-07
886 KAPITAL INSURANCE COMPANY LIMITED NIGER DELTA DEVELOPMENT COMMSSION ACCIDENT DAMAGE 3,034,527.18 12/9/2007
GUINNESS NIGERIA PLC ACCIDENTAL DAMAGE/OWN DAMAGE 3,034,062.50 1-Mar-07
888 LEADWAY ASSURANCE COMPANY LIMITED BUSINESS & MGT SKILL LTD/ ACCIDENTAL DAMAGE/OWN DAMAGE 3,033,379.10 1-Mar-07
889 MUTUAL BENEFITS ASSURANCE PLC RELIANCE TELECOMS LIMITED FIRE 3,020,536.56 15-05-07
890 AFRICAN ALLIANCE INSURANCE COMPANY LIMITEDETEMITE LIMITED DEATH 3,020,400.00 2007
891 GOLDLINK INSURANCE PLC PEUGEOT AUTOMOBILE NIGERIA LIMITED MOTOR 3,019,000.00 18-01-07
892 GOLDLINK INSURANCE PLC PEUGEOT AUTOMOBILE NIGERIA LIMITED MOTOR 3,019,000.00 18-01-07
893 NEM INSURANCE PLC MAY & BAKER MOTOR 3,015,000.00 20-09-07
894 CAPITAL EXPRESS INSURANCE COMPANY LIMITEDWINCO FOAM (PENSION - UNITED TRUST) DEATH 3,001,826.45 2007
895 SOVEREIGN TRUST INSURANCE PLC MR. AMAECHI ANYANWU THEFT 3,001,050.00 12/3/2007
896 ROYAL EXCHANGE ASSURANCE (NIG.) PLC AIB TRUSTEES STAFF RETIREMENT SCHEME 3,000,470.00 28-08-07
TRUSTEES OF STANDARD ORGANISATION OF NIGERIA 3,000,000.00 16-03-07
898 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, BAUCHIWITHDRAWAL BENEFITS 3,000,000.00 16-03-07
TRUSTEES OF FEDERAL POLYTECHNIC, ADO-EKITI 3,000,000.00 16-03-07
900 NICON INSURANCE PLC TRUSTEES OF CENTRE FOR BLACK & CULTUREWITHDRAWAL BENEFITS 3,000,000.00 16-03-07
901 NICON INSURANCE PLC TRUSTEES OF ABIA STATE POLYTECHNIC WITHDRAWAL BENEFITS 3,000,000.00 16-03-07
THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, BENEFITS
ADO-EKITI 3,000,000.00 10/9/2007
SDV NIGERIA LIMITED ENGINEERING 3,000,000.00 26-07-07
904 NICON INSURANCE PLC OKOMU OIL PALM COMPANY WITHDRAWAL BENEFITS 3,000,000.00 28-05-07
905 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC MOTOR 3,000,000.00 JULY, 2007
NATIONAL COMMISSION FOR MUSEUM & MONUMENTS 3,000,000.00 28-05-07
908 NICON INSURANCE PLC NATIONAL BROADCASTING COMMISSION WITHDRAWAL BENEFITS 3,000,000.00 10/9/2007
909 NICON INSURANCE PLC NAIRDA LIMITED/NAIRDA INDUSTRIES LIMITED MOTOR 3,000,000.00 JULY, 2007
910 GUINEA INSURANCE PLC GUINEA INSURANCE PLC MOTOR 3,000,000.00 12/12/2007

911 NICON INSURANCE PLC FEDERAL SCHOOL OF SURVEY WITHDRAWAL BENEFITS 3,000,000.00 28-05-07
912 NICON INSURANCE PLC COMPUTER WAREHOUSE LIMITED WITHDRAWAL BENEFITS 3,000,000.00 28-05-07
913 GUINEA INSURANCE PLC COL. P. O. OGBEBOR MOTOR 3,000,000.00 7/12/2007
914 STANDARD ALLIANCE INSURANCE PLC LUCRATEL NIGERIA LIMITED MOTOR 2,996,325.00 10/1/2007
915 NIGER INSURANCE PLC ANCHOR PENSION MANAGRS THEFT OF MOTOR 2,994,894.00 12/6/2007
916 CONSOLIDATED HALLMARK INSURANCE PLC 7 STARS COMMUNICATION THEFT/BURGLARY 2,993,000.00 9/8/2007
917 Aiico INSURANCE PLC & CO-INSURERS WEST AFRICAN SEASONING CO. LIMITED MOTOR 2,992,500.00 AUGUST, 2007
918 CUSTODIAN & ALLIED INSURANCE PLC MRS. RONKE BOLU MOTOR 2,992,500.00 29-11-07
919 NIGER INSURANCE PLC MRS. PAITA AMACHREE THEFT OF MOTOR 2,988,900.00 13-07-07
920 CRUSADER GENERAL INSURANCE LIMITED BANK PHB/INSIGHT COMMUNICATIONS LTD PRIVATE MOTOR 2,987,856.25 25/5/2007
921 CRUSADER GENERAL INSURANCE LIMITED CHEHAB NIG LTD MARINE CARGO 2,978,481.00 12/12/2007
922 LASACO ASSURANCE PLC ELF PETROLEUM NIGERIA LIMITED ACCIDENT DAMAGE 2,975,616.00 13-11-07
924 LINKAGE ASSURANCE PLC NATIONAL SPACE THEFT 2,970,000.00 11/1/2007
925 UNITRUST INSURANCE COMPANY LIMITED ATS TECHNICALSERVIES PL 2,970,000.00 21-12-07
OANDO GROUP ACCIDENTAL DAMAGE/OWN DAMAGE 2,964,275.00 14-Jun-07
MOTHERCAT LIMITED ACCIDENTAL DAMAGE 2,963,520.00 5-Jan-07
928 ZENITH GENERAL INSURANCE COMPANY LIMITEDWECO SYSTEMS INTERNATIONAL LIMITED ACCIDENT 2,956,500.00 24-10-07
929 LEADWAY ASSURANCE COMPANY LIMITED PEUGEOT AUTO. NIG. LTD. FIRE 2,950,000.00 26-Nov-07
GUINNESS NIGERIA PLC ACTUAL TOTAL LOSS 2,947,375.00 1-Feb-07
931 LEADWAY ASSURANCE COMPANY LIMITED FRIESLAND FOODS WAMCO NIGERIA PLC ACCIDENTAL DAMAGE/OWN DAMAGE 2,945,000.00 5-Apr-07
932 LAW UNION & ROCK INSURANCE PLC DRAGAGES ENGEERING MOTOR (OWN DAMAGE) 2,938,900.00 JANUARY, 2007
LEADWAY ASSURANCE COMPANY LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 2,936,578.14 20-Aug-07
934 INTERCONTINENTAL WAPIC INSURANCE PLC NIGERIAN NATIONAL PETROLEUM CORPORATION ACCIDENT 2,932,500.00 6/11/2007
935 NEM INSURANCE PLC AFRIBANK/SAMDADA INVESTMENT MOTOR 2,932,500.00 24-10-07
936 GUARANTY TRUST ASSURANCE PLC STERLING BANK PLC/MRS. OLUFUNMILOLA JIDE-ARIBALOYE
MOTOR 2,925,000.00 21-09-07
938 INTERCONTINENTAL WAPIC INSURANCE PLC LOYWY COLLINS INVESTMENT LIMITED/EQUITY ACCIDENT 2,916,540.00 12/12/2007
939 LINKAGE ASSURANCE PLC OWASANYO YETUNDE THEFT 2,916,000.00 23-11-07
940 INSURANCE PHB LIMITED FIRST INLAND BANK/UAAB MOTOR 2,916,000.00 23-11-07
941 OCEANIC INSURANCE COMPANY LIMITED AKIN ABRAHAM ENGR. SERVICES THEFT 2,913,750.00 SEPTEMBER, 2007
GUINNESS NIGERIA PLC THEFT 2,907,000.00 13-Nov-07
943 NIGER INSURANCE PLC FUTUREVIEW FINANCIAL SERVICES ACCIDENTAL DAMAGE 2,907,000.00 18-05-07
944 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ECOBANK NIGERIA PLC/SINAI THEFT 2,907,000.00 17/12/2007
945 STANDARD ALLIANCE INSURANCE PLC BRUCE SPAIN MOTOR 2,907,000.00 13-06-07
946 LEADWAY ASSURANCE COMPANY LIMITED ATLANTIC HALL EDUCATIONAL DEATH 2,902,497.60 3-Oct-07
947 Aiico INSURANCE PLC & CO-INSURERS ALAN DICK FIRE 2,900,000.00 AUGUST, 2007
948 SOVEREIGN TRUST INSURANCE PLC DUBRI OIL COMPANY LIMITED ACCIDENT 2,898,441.15 30-11-07
949 LEADWAY ASSURANCE COMPANY LIMITED CELTEL NIGERIA LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 2,898,333.30 30-Aug-07
950 INTERCONTINENTAL WAPIC INSURANCE PLC ERIKITOLA OLAYINKA MR. THEFT 2,897,500.00 8/11/2007
951 NEM INSURANCE PLC FIRST BANK OF NIGERIA PLC MOTOR 2,896,024.91 5/7/2007
952 SOVEREIGN TRUST INSURANCE PLC STERLING BANK PLC/CHUKWEKE NJOKU ACCIDENT 2,895,750.00 27-09-07
953 LEADWAY ASSURANCE COMPANY LIMITED CAPITAL BANCORP LIMITED ACTUAL TOTAL LOSS 2,893,950.00 1-Feb-07
954 GUARANTY TRUST ASSURANCE PLC JULIUS BERGER NIGERIA PLC MOTOR 2,892,000.00 19-11-07
955 NIGER INSURANCE PLC D & B LIMITED THEFT OF MOTOR 2,889,975.00 20-03-07
957 LASACO ASSURANCE PLC INSTITUTE OF AGRIC RESEARCH & TRAINING THEFT 2,888,000.00 13-11-07
958 STANDARD ALLIANCE INSURANCE PLC WEMASEC / CRYSLAD MOTOR 2,882,500.00 3/7/2007
959 LEADWAY ASSURANCE COMPANY LIMITED UNIPUMPS NIGERIA LIMITED THEFT 2,880,000.00 23-Nov-07
960 LEADWAY ASSURANCE COMPANY LIMITED OLUWAJI ACCIDENTAL DAMAGE/OWN DAMAGE 2,880,000.00 1-Feb-07
961 ROYAL EXCHANGE ASSURANCE (NIG.) PLC FLORINA LIMITED WORKMEN COMPENSATION 2,875,162.50 FEBRUARY, 2007
962 CUSTODIAN & ALLIED INSURANCE PLC G. S. TELECOM NIGERIA LIMITED MOTOR 2,872,125.00 24-08-07
963 UNITRUST INSURANCE COMPANY LIMITED AMESCO TRANSPORT ACCIDENT DAMAGE 2,869,442.51 12-12—07
964 INTERNATIONAL ENERGY INSURANCE PLC AMOS GAGAR MOTOR 2,857,000.00 19-02-07
965 GOLDLINK INSURANCE PLC COOPWEST/MR. & MRS. VICTOR OKWUNWA MOTOR 2,850,220.00 23-11-07
966 STANDARD ALLIANCE INSURANCE PLC FIDELITY BANK PLC MOTOR 2,846,251.03 11/7/2007
967 NICON INSURANCE PLC MOYEKWU ONYIUKE THEFT 2,846,250.00 JUNE, 2007
968 LEADWAY ASSURANCE COMPANY LIMITED S C C (NIGERIA) LIMITED ACTUAL TOTAL LOSS 2,844,000.00 1-Feb-07
969 LEADWAY ASSURANCE COMPANY LIMITED GLANVILL ENTHOVEN & CO.(N THEFT 2,842,875.00 31-Dec-07
971 CRUSADER GENERAL INSURANCE LIMITED GEORGETOION ASSOCIATION NIG.LTD. COMMERCIAL MOTOR 2,840,000.00 15/8/2007
972 LEADWAY ASSURANCE COMPANY LIMITED NIGERIA DISTILLERIES LIMITED THEFT 2,838,503.80 27-Aug-07
973 GUARANTY TRUST ASSURANCE PLC SALU OYIZA AJUDU MOTOR 2,835,000.00 11/12/2007
974 MUTUAL BENEFITS ASSURANCE PLC PRINCEW ADEBISI ALADEJANA ACCIDENT DAMAGE 2,835,000.00 9/2/2007
975 NICON INSURANCE PLC CONSTANT LINK VENTURE LIMITED MOTOR 2,835,000.00 JULY, 2007
976 CONSOLIDATED HALLMARK INSURANCE PLC FIDELITY BANK PLC MOTOR 2,831,000.00 6/11/2007
977 SOVEREIGN TRUST INSURANCE PLC MR. ELOY ALAZU VINCENT ACCIDENT 2,830,500.00 24-01-07
978 NIGER INSURANCE PLC FUTUREVIEW FINANCIAL SERVICES THEFT OF MOTOR 2,830,500.00 31-10-07
979 ROYAL EXCHANGE ASSURANCE (NIG.) PLC CHRIS NKWONTA THEFT 2,830,500.00 SEPTEMBER, 2007
GUINNESS NIGERIA PLC ACTUAL TOTAL LOSS 2,826,250.00 1-Mar-07

981 SOVEREIGN TRUST INSURANCE PLC A - Z PETROLEUM PRODUCT LIMITED LOSS OF BASEOIL 2,821,500.00 22-01-07
983 Aiico INSURANCE PLC EKERE AFIA MOTOR 2,812,000.00 OCTOBER, 2007
984 Aiico INSURANCE PLC BHN/DIAMOND BANK MOTOR 2,805,945.73 OCTOBER, 2007
985 SOVEREIGN TRUST INSURANCE PLC OAK COMPUTERS LIMITED ACCIDENT 2,803,612.50 17-07-07
986 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, NEKEDE,
WITHDRAWAL
OWERRI
BENEFITS 2,800,000.00 28-05-07
987 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, BIDA
988 NICON INSURANCE PLC THE TRUSTEES OF AUCHI POLYTECHNIC, AUCHI
989 NEM INSURANCE PLC & CO-INSURERS WAPIC INSURANCE PLC MOTOR 2,795,850.00 19-10-07
990 NIGER INSURANCE PLC EXPRESS DISCOUNT/IMELBE NIG. LIMITED ACCIDENT 2,795,625.00 3/10/2007
991 CUSTODIAN & ALLIED INSURANCE PLC G. S. TELECOM NIGERIA LIMITED MOTOR 2,794,500.00 4/3/2007
992 LINKAGE ASSURANCE PLC IGBOABAJISIMI MAXWELL ACCIDENT 2,793,600.00 25-10-07
993 ROYAL EXCHANGE ASSURANCE (NIG.) PLC USA NIGERIA LIMITED/EQUITORIAL TRUST ACCIDENT 2,792,250.00 OCTOBER, 2007
995 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ECOBANK NIGERIA PLC ACCIDENT 2,788,875.00 MAY, 2007
996 NICON INSURANCE PLC TRUSTEES OF COMPUTER WAREHOUSE LIMITEDWITHDRAWAL BENEFITS 2,786,128.46 16-03-07
997 CAPITAL EXPRESS INSURANCE COMPANY LIMITED
TAWA ABIOLA BOLARIWA (CICO) LIFE 2,775,286.45 2007
998 CUSTODIAN & ALLIED INSURANCE PLC STERLING BANK PLC/GODWIN OHWABURA MOTOR 2,775,000.00 2/10/2007
MOTHERCAT LIMITED ACCIDENTAL DAMAGE 2,771,100.00 7-Mar-07
1001 ADIC INSURANCE LIMITED AFRICAN CIRCLE POLLUTION MANAGEMENT LIMITED
ACCIDENT 2,770,200.00 27-12-07
1002 YANKARI INSURANCE COMPANY LIMITED FIRST INLAND BANK PLC MOTOR 2,765,400.00 2/10/2007
1003 NEM INSURANCE PLC PANALPINA W. T. FIRE 2,763,396.26 31-10-07
1004 LEADWAY ASSURANCE COMPANY LIMITED PEUGEOT AUTO. NIG. LTD. ACCIDENTAL DAMAGE 2,758,750.00 9-Aug-07
1005 UNITRUST INSURANCE COMPANY LIMITED UNITED FISHERIES LIMITED MARNE HULL 2,756,500.00 31-12—07
GUINNESS NIGERIA PLC THEFT 2,752,625.00 21-Sep-07
1008 INTERCONTINENTAL WAPIC INSURANCE PLC JEGEDE WENDY / IB PLC THEFT 2,749,950.00 31-08-07
1009 STANDARD ALLIANCE INSURANCE PLC STANDARD TRUST BANK PLC THEFT OF MONEY 2,748,017.70 3/8/2007
1010 ROYAL EXCHANGE ASSURANCE (NIG.) PLC WEST AFRICAN PORTLAND CEMENT DEATH 2,746,696.19 15-03-07
1011 NIGER INSURANCE PLC CONCORD FOAM CHEMICAL IND. FIRE INCIDENT 2,745,836.50 5/7/2007
1012 Aiico INSURANCE PLC PRESCO PLC MOTOR 2,745,000.00 SEPTEMBER, 2007
PETRONELA/FBN PLC PRIVATE MOTOR 2,738,750.00 10/1/2007
1014 EQUITY LIFE INSURANCE COMPANY LIMITED AKINTOLA WILLIAMS DELLIOT GROUP LIFE 2,738,361.00 14-11-07
GUINNESS NIGERIA PLC ACTUAL TOTAL LOSS 2,731,440.00 1-Mar-07
1017 SOVEREIGN TRUST INSURANCE PLC KAKAWA DISCOUNT HOUSE/KUNLE OYEWOLE THEFT 2,730,000.00 24-09-07
1018 ROYAL EXCHANGE ASSURANCE (NIG.) PLC KABIOTIRE NIGERIA LIMITED WORKMEN COMPENSATION 2,730,000.00 DECEMBER, 2007
NIGER CONSTRUCTION LTD (N THIRD PARTY DAMAGE 2,727,150.00 1-Mar-07
1020 GOLDLINK INSURANCE PLC PEUGEOT AUTOMOBILE NIGERIA LIMITED MOTOR 2,725,000.00 2/11/2007
1021 EQUITY ASSURANCE PLC HALOGEN SECURITY MOTOR 2,725,000.00 14-03-07
1022 INTERCONTINENTAL WAPIC INSURANCE PLC FOLAKE ADELE ADEWOLE MRS. THEFT 2,723,400.00 25-10-07
1023 NICON INSURANCE PLC ZENITH BANK PLC MARINE 2,722,057.50 JULY, 2007
1024 UNITRUST INSURANCE COMPANY LIMITED SETRACO NIGERIA LIMITED ACCIDENT DAMAGE 2,718,237.00 6/12/2007
1025 INTERCONTINENTAL WAPIC INSURANCE PLC DAMBO U. F. DR. / IB PLC THEFT 2,713,500.00 11/6/2007
1026 LASACO ASSURANCE PLC LAGOS STATE HOUSE OF ASSEMBLY THEFT 2,712,500.00 17-08-07
1027 LEADWAY ASSURANCE COMPANY LIMITED REYNOLDS CONSTRUCTION COMPANY TOTAL LOSS 2,712,468.15 13-Aug-07
1028 CONSOLIDATED HALLMARK INSURANCE PLC EUROFLOW DESIGNS LIMITED ALL RISK 2,712,420.00 20-08-07
AERO CONTRACTOR DEATH 2,701,420.00 2007
1030 INDUSTRIAL AND GENERAL INSURANCE PLC VOICE OF NIGERIA MOTOR 2,700,000.00 31-05-07
1031 INDUSTRIAL AND GENERAL INSURANCE PLC S. C. C. NIGERIA MOTOR 2,700,000.00 31-05-07
1032 UNITRUST INSURANCE COMPANY LIMITED FRIEDRICK & ELIE THEFT (GOODS IN TRANSIT) 2,700,000.00 31-12—07
1033 INTERCONTINENTAL WAPIC INSURANCE PLC BARR. NNAEMEKA OTAGBURUAG THEFT 2,700,000.00 20-08-07
1034 INTERNATIONAL ENERGY INSURANCE PLC AUSTINE OSAKUE MOTOR 2,700,000.00 15-08-07
1035 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, NEKEDE,
WITHDRAWAL
OWERRI
BENEFITS 2,695,618.76 10/9/2007
1036 GOLDLINK INSURANCE PLC OTUNBA ADEREMI ABDUL MOTOR 2,689,920.00 15-05-07
MANTRAC NIGERIA LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 2,685,637.57 20-Aug-07
1038 UNITRUST INSURANCE COMPANY LIMITED KHALIL & DIBBO NIGERIA TRASPORT ACCIDENT DAMAGE 2,683,210.00 7/12/2007
1039 CUSTODIAN & ALLIED INSURANCE PLC R. T. BRISCOE PLC MOTOR 2,679,940.00 7/9/2007
1040 LEADWAY ASSURANCE COMPANY LIMITED PEBBLES PROMOTIONAL PRODU ACCIDENTAL DAMAGE/OWN DAMAGE 2,677,500.00 1-Feb-07
1041 Aiico INSURANCE PLC MRS. HANNAH ADEBAYO MOTOR 2,677,500.00 AUGUST, 2007
1042 CUSTODIAN & ALLIED INSURANCE PLC ACCESS BANK PLC MOTOR 2,675,692.72 4/12/2007
1043 ROYAL EXCHANGE ASSURANCE (NIG.) PLC HASSAN BABATUNDE EMMANUEL FIRE 2,675,000.00 3/8/2007
1044 GUARANTY TRUST ASSURANCE PLC & CO-INSURERS
GUARANTY TRUST BANK PLC LIFE 2,675,000.00 30-11-07
1045 ZENITH GENERAL INSURANCE COMPANY LIMITEDRAHAMANIYYA TRANSPORT CO. LIMITED ACCIDENT 2,673,000.00 16-03-07
1046 INTERCONTINENTAL WAPIC INSURANCE PLC PRINCE ADEOYE ADEFARAKAN ACCIDENT 2,660,000.00 2/11/2007
1047 LAW UNION & ROCK INSURANCE PLC UNAIDS MOTOR (OWN DAMAGE) 2,652,263.84 OCTOBER, 2007
1048 SOVEREIGN TRUST INSURANCE PLC GLOBE MOTORS HOLDINGS LIMITED ACCIDENT 2,650,725.00 30-08-07
1049 ZENITH GENERAL INSURANCE COMPANY LIMITEDCOPAC NIGERIA LIMITED ACCIDENT 2,650,500.00 15-02-07
1050 CONSOLIDATED HALLMARK INSURANCE PLC CAPITAL BANCORP LIMITED MOTOR 2,648,700.00 3/5/2007

1051 CUSTODIAN & ALLIED INSURANCE PLC UNILEVER NIGERIA LIMITED MOTOR 2,643,873.75 21-03-07
1052 AFRICAN ALLIANCE INSURANCE COMPANY LIMITEDNIGERITE LIMITED DEATH 2,643,688.00 2007
1053 CONSOLIDATED HALLMARK INSURANCE PLC CYRIL NWAELU MOTOR 2,640,000.00 23-06-07
1056 LEADWAY ASSURANCE COMPANY LIMITED TABSON NIGERIA LIMITED, CONTRUCTIVE TOTAL LOSS 2,632,500.00 18-Sep-07
1057 OCEANIC INSURANCE COMPANY LIMITED UTC NIGERIA PLC ACCIDENT 2,622,375.00 NOVEMBER, 2007
1058 LINKAGE ASSURANCE PLC A. G. HOMES SAVINGS & LOANS THEFT 2,622,370.00 8/11/2007
1059 Aiico INSURANCE PLC PRESCO PLC MOTOR 2,618,004.37 MARCH, 2007
1060 CUSTODIAN & ALLIED INSURANCE PLC MR. SAMUEL ANIEBONAM MOTOR 2,613,650.00 13-09-07
1061 CUSTODIAN & ALLIED INSURANCE PLC MTN NIGERIA COMMUNICATIONS LIMITED MOTOR 2,612,500.00 8/7/2007
1062 CUSTODIAN & ALLIED INSURANCE PLC UNILEVER NIGERIA PLC MOTOR 2,607,750.00 14-11-07
UACN PROPERTY DEV. COY. P THEFT 2,602,321.43 1-Mar-07
1064 CRUSADER GENERAL INSURANCE LIMITED GLOBAL RESOURCES MGT LTD PRIVATE MOTOR 2,599,500.00 28/3/2007
1065 INTERCONTINENTAL WAPIC INSURANCE PLC FIDELITY BANMK PLC THEFT 2,593,750.00 11/5/2007
1066 NICON INSURANCE PLC NAFDAC THEFT 2,592,833.60 JULY, 2007
1067 OCEANIC INSURANCE COMPANY LIMITED PATRICK OKE & ASSOCIATES THEFT OF CAR 2,592,000.00 AUGUST, 2007
1068 ZENITH GENERAL INSURANCE COMPANY LIMITED MRS. AKINSANYA TOLA THEFT 2,592,000.00 26-07-07
1069 LEADWAY ASSURANCE COMPANY LIMITED MB-ANAMMCO LIMITED THEFT 2,592,000.00 29-Aug-07
1070 NIGER INSURANCE PLC BIDLAND MOTORS/ASSETS LEASING THEFT OF MOTOR 2,592,000.00 1/6/2007
1071 ROYAL EXCHANGE ASSURANCE (NIG.) PLC CHAMPIO BREWERIES LIMITED THEFT 2,580,750.00 OCTOBER, 2007
1072 LEADWAY ASSURANCE COMPANY LIMITED NIG. AGRIC. CO-OP.RURAL D CONTRUCTIVE TOTAL LOSS 2,578,734.50 22-Aug-07
1073 EQUITY LIFE INSURANCE COMPANY LIMITED AMBER RESOURCES GROUP LIFE 2,577,045.00 11/1/2007
1074 INTERCONTINENTAL WAPIC INSURANCE PLC ABU / HARVARD PRE. PROGRAMME ACCIDENT 2,576,070.00 18-07-07
NIGER CONSTRUCTION LTD (N THIRD PARTY DAMAGE 2,571,750.00 1-Mar-07
1077 NEM INSURANCE PLC JEBCO INTERNATIONAL THEFT (GOODS IN TRANSIT) 2,570,607.00 23-11-07
1078 STANDARD ALLIANCE INSURANCE PLC DENCA SERVICES LIMITED 2,569,107.00 20-07-07
1079 ROYAL EXCHANGE ASSURANCE (NIG.) PLC LIAMBIC TECH. & GEN . SERVICES LIMITED THEFT 2,564,100.00 JANUARY, 2007
1080 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ONYEMELUKWE LAWRENCE I. THEFT 2,551,500.00 JUNE, 2007
1081 LINKAGE ASSURANCE PLC NPF COMMUNITY BANK THEFT 2,551,500.00 15-08-07
1083 EQUITY ASSURANCE PLC THE CANDEL COMPANY LIMITED MOTOR 2,546,625.00 22-11-07
1084 EQUITY ASSURANCE PLC & CO-INSURERS ETEX GROUP OF COMPANIES ACCIDENT 2,546,272.57 9/7/2007
1086 GOLDLINK INSURANCE PLC STERLING BANK PLC/BROOK STONE SCHOOL THEFT OF MOTOR 2,533,400.00 2007
OANDO GROUP ACCIDENTAL DAMAGE/OWN DAMAGE 2,528,091.83 25-May-07
1089 LEADWAY ASSURANCE COMPANY LIMITED REYNOLDS CONSTRUCTION COMPANY TOTAL LOSS 2,526,221.26 13-Aug-07
1090 EQUITY ASSURANCE PLC SHUBY INVESTMENT LIMITED MOTOR 2,526,000.00 27-04-07
1091 EQUITY ASSURANCE PLC SHUBY INVESTMENT LIMITED MOTOR 2,526,000.00 27-04-07
1092 LAW UNION & ROCK INSURANCE PLC VICINANZA CONSTRUCTION COMPANY FIRE (FLOOD DAMAGE) 2,522,594.65 OCTOBER, 2007
1093 STANDARD ALLIANCE INSURANCE PLC SPRING BANK PLC THEFT OF MONEY 2,520,000.00 21-09-07
1094 LEADWAY ASSURANCE COMPANY LIMITED AKINSULURE D. HENRY MR. THEFT 2,520,000.00 11-Jun-07
1095 NEM INSURANCE PLC MIKANO INTERNATIONAL THEFT (GOODS IN TRANSIT) 2,519,298.19 28-06-07
1096 NICON INSURANCE PLC TRUSTEES OF NATIONAL INSTITUTE FOR CULTURAL ORIENTATION
1097 EQUITY ASSURANCE PLC ARMOR GROUP NIGERIA LIMITED MOTOR 2,511,880.00 14-11-07
1098 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC MOTOR 2,508,280.00 DECEMBER, 2007
1100 NICON INSURANCE PLC TRUSTEES OF NATIONAL GALLERY OF ARTS WITHDRAWAL BENEFITS 2,500,000.00 16-03-07
1101 NICON INSURANCE PLC TRUSTEES OF NATIONAL EXAMINATION COUNCILWITHDRAWAL BENEFITS 2,500,000.00 16-03-07
1102 NICON INSURANCE PLC TRUSTEES OF NATIONAL COMMISSION FOR MASS LITERACY BENEFITS
WITHDRAWAL 2,500,000.00 16-03-07
1103 NICON INSURANCE PLC TRUSTEES OF NATIONAL COMMISSION FOR COLLEGES OF EDUCATION
1104 NICON INSURANCE PLC TRUSTEES OF NATIONAL BUSINESS & TECHNICALWITHDRAWAL
EXAMINATIONBENEFITS
BOARD 2,500,000.00 16-03-07
1105 NICON INSURANCE PLC TRUSTEES OF INSTITUTE OF PUBLIC ANALYST WITHDRAWAL BENEFITS 2,500,000.00 16-03-07
1106 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, OKO WITHDRAWAL BENEFITS 2,500,000.00 16-03-07
1107 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, OFFA WITHDRAWAL BENEFITS 2,500,000.00 16-03-07
1108 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, NASARAWA
1109 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, MUBI WITHDRAWAL BENEFITS 2,500,000.00 16-03-07
1110 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, ILARO WITHDRAWAL BENEFITS 2,500,000.00 16-03-07
1111 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, IDAH WITHDRAWAL BENEFITS 2,500,000.00 16-03-07
1112 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, ZARIA
1113 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, ABEOKUTA BENEFITS
WITHDRAWAL 2,500,000.00 16-03-07
1114 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, (TECH), AKOKA
1115 NICON INSURANCE PLC TRUSTEES OF COMMUNITY HEALTH PRACT. REGISTRATION
WITHDRAWAL BOARD
BENEFITS 2,500,000.00 16-03-07
1116 NICON INSURANCE PLC TRUSTEES OF CENTRE FOR AUTOMOTIVE DESIGN & DEVELOPMENT
1117 NICON INSURANCE PLC TRUSTEES OF AKANU IBIAM FEDERAL POLTTECHNIC, UNWANABENEFITS
WITHDRAWAL 2,500,000.00 16-03-07
1118 INDUSTRIAL AND GENERAL INSURANCE PLC TROPICAL PROJECT & LOG MARINE 2,500,000.00 8/10/2007
1119 NICON INSURANCE PLC NIGERIAN COMMUNICATION COMMISSION WITHDRAWAL BENEFITS 2,500,000.00 28-05-07
1120 NICON INSURANCE PLC NATIONAL BUSINESS & TECHNICAL EXAMINANTION BOARD BENEFITS
WITHDRAWAL 2,500,000.00 28-05-07

1121 NICON INSURANCE PLC NATIONAL AGRICULTURAL LAND DEVELOPMENT WITHDRAWAL

AUTHOROTYBENEFITS 2,500,000.00 28-05-07
BOSOTO NIGERIA LIMITED FIRE (EXPLOSION) 2,496,082.50 18-09-07
1123 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC FIDELITY 2,495,659.14 DECEMBER, 2007
1124 LAW UNION & ROCK INSURANCE PLC SUNRISE PRODUCTS FIRE DAMAGE 2,495,539.08 MARCH, 2007
1125 LEADWAY ASSURANCE COMPANY LIMITED LEADWAY TRUSTEES LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 2,493,900.00 1-Mar-07
1126 MUTUAL BENEFITS ASSURANCE PLC IMB INTERNATIONAL BANK THEFT 2,484,000.00 22-01-07
INTERCONTINENTAL BANK PLC THEFT/BURGLARY 2,480,571.43 11/5/2007
1129 NICON INSURANCE PLC THE TRUSTEES OF NATIONAL COMMISSION OFWITHDRAWAL
MASS LITERACY
BENEFITS 2,473,655.55 10/9/2007
1130 CONSOLIDATED HALLMARK INSURANCE PLC OLA-KLEEN NIGERIA LIMITED MOTOR 2,460,250.00 28/11/2007
1131 CRUSADER GENERAL INSURANCE LIMITED OHOBANJO BIODUN. MR. PRIVATE MOTOR 2,457,000.00 7/11/2007
NIGERIA EDUCATION DEVELOPMENT RESEARCH DEATH 2,456,859.00 2007
1133 GOLDLINK INSURANCE PLC NAOC/MR. SOYODE THEFT OF MOTOR 2,454,000.00 3/7/2007
1134 CUSTODIAN & ALLIED INSURANCE PLC ALHAJI SULE BAKARE MOTORS MOTOR 2,448,450.00 10/8/2007
1135 INTERCONTINENTAL WAPIC INSURANCE PLC RENNYS/IB PLC ACCIDENT 2,448,000.00 15-01-07
1136 ZENITH GENERAL INSURANCE COMPANY LIMITEDN. FIZAH INVESTMENT LIMITED ACCIDENT 2,448,000.00 19-07-07
1137 EQUITY ASSURANCE PLC INTER MEDIA LIMITED MOTOR 2,448,000.00 19-10-07
1138 INTERCONTINENTAL WAPIC INSURANCE PLC DRUGSCOPE NIGERIA LIMITED ACCIDENT 2,448,000.00 28-02-07
1139 INTERCONTINENTAL WAPIC INSURANCE PLC GMT NIGERIA LIMITED MARINE CARGO 2,447,792.85 13-06-07
1140 LAW UNION & ROCK INSURANCE PLC AMN INTERNATIONAL PETROLEUM DEV. MOTOR (OWN DAMAGE) 2,442,800.00 FEBRUARY, 2007
1141 Aiico INSURANCE PLC FOOD CONCEPTS MOTOR 2,442,000.00 JULY, 2007
1142 Aiico INSURANCE PLC ECWA RURAL DEVELOPMENT FIRE 2,441,806.28 MAY, 2007
1143 NICON INSURANCE PLC COMBINATION INDUSTRIES LIMITED MOTOR 2,440,704.84 JULY, 2007
1144 LEADWAY ASSURANCE COMPANY LIMITED TAIWO LADI CHIEF ACCIDENTAL DAMAGE/OWN DAMAGE 2,430,000.00 1-Mar-07
1145 GOLDLINK INSURANCE PLC ROYAL HONOUR INVESTMENT LIMITED MOTOR 2,430,000.00 19-10-07
1146 LINKAGE ASSURANCE PLC & CO-INSURERS OLUSEGUN OLANREWAJU THEFT OF MOTOR 2,430,000.00 14-02-07
1147 GUARANTY TRUST ASSURANCE PLC KIRI AJUBO JACOB MOTOR 2,430,000.00 11/9/2007
1148 CUSTODIAN & ALLIED INSURANCE PLC EZEH OSEJI MOTOR 2,430,000.00 15-11-07
1149 LEADWAY ASSURANCE COMPANY LIMITED DAHIRU LABO THEFT 2,430,000.00 18-Jul-07
1150 NIGER INSURANCE PLC ALHAJI Z. I. ONIYANGI ACCIDENTAL DAMAGE 2,430,000.00 7/5/2007
1151 LEADWAY ASSURANCE COMPANY LIMITED ABUJA LEASING COMPANY LIM FIRE1 2,424,664.80 10-Jul-07
1152 LEADWAY ASSURANCE COMPANY LIMITED CELTEL NIGERIA LIMITED THEFT 2,423,925.00 10-Jan-07
1153 CUSTODIAN & ALLIED INSURANCE PLC MTN NIGERIA COMMUNICATIONS LIMITED MOTOR 2,422,500.00 24-08-07
1154 SOVEREIGN TRUST INSURANCE PLC OANDO PLC THEFT 2,421,000.00 4/10/2007
MAKARFI FARM FIRE 2,404,285.65 19-04-07
1157 ZENITH GENERAL INSURANCE COMPANY LIMITEDRAHAMANIYYA TRANSPORT CO. LIMITED ACCIDENT 2,402,801.00 13-06-07
1158 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION
WITHDRAWAL
(SPECIAL),
BENEFITS
OYO 2,402,598.78 10/9/2007
1160 CRUSADER LIFE INSURANCE LIMITED M - I NIGERIA LIMITED DEATH 2,395,179.00 2007
1161 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ORASCOM CONSTRUCTION NIGERIA LIMITED WORKMEN COMPENSATION 2,394,366.36 APRIL, 2007
1162 UNITRUST INSURANCE COMPANY LIMITED KNORR MOTORS WORKMEN COMPENSATION 2,391,410.00 5/4/2007
1163 NEM INSURANCE PLC PAKWEST LIMITED MOTOR 2,390,625.00 5/12/2007
1164 ROYAL EXCHANGE ASSURANCE (NIG.) PLC P & O NEDLLOYD NIGERIA LIMITED THEFT 2,389,500.00 OCTOBER, 2007
1165 GOLDLINK INSURANCE PLC CHI LIMITED MOTOR 2,389,500.00 28-11-07
1166 REGENCY ALLIANCE INSURANCE PLC N. N. P. C. / MR. DOMINIC C. ACHICHIE INJURY 2,384,643.96 18-10-07
1167 CONSOLIDATED HALLMARK INSURANCE PLC NIGER OFFSHORE SERVICES LIMITED WORKMEN COMPENSATION 2,382,193.00 26-04-07
1168 NIGER INSURANCE PLC CONCORD FOAM CHEMICAL IND. FIRE INCIDENT 2,377,448.45 13-11-07
1169 INTERCONTINENTAL WAPIC INSURANCE PLC INTERCONTINENTAL SECURITIES LIMITED THEFT 2,374,312.50 14-12-07
1170 ZENITH GENERAL INSURANCE COMPANY LIMITEDINTEGRATED FISHERIES COMPANY LIMITED MARINE 2,373,516.29 11/12/2007
1171 INDUSTRIAL AND GENERAL INSURANCE PLC JOHNCHIN AGENCY LIMITED FIRE 2,372,529.81 12/2/2007
1172 STANDARD ALLIANCE INSURANCE PLC TIANSHI FOOD SUPPLIMENT NIGERIA MOTOR 2,369,250.00 18-05-07
1173 SOVEREIGN TRUST INSURANCE PLC YABA BAPTIST CHURCH ACCIDENT 2,368,750.00 24-12-07
1174 LEADWAY ASSURANCE COMPANY LIMITED INNOVATION ERA NIG.LTD ACCIDENTAL DAMAGE 2,365,200.00 7-Nov-07
1175 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, EDE
LEADWAY ASSURANCE COMPANY LIMITED THEFT 2,356,979.57 21-Feb-07
1178 ROYAL EXCHANGE ASSURANCE (NIG.) PLC AFRIBANK NIGERIA PLC DEATH 2,353,500.06 7/3/2007
1179 INTERNATIONAL ENERGY INSURANCE PLC RIVERS STATE GOVERNMENT/ ADIKEMA MOTOR 2,349,000.00 7/6/2007
1180 INTERNATIONAL ENERGY INSURANCE PLC RIVERS STATE GOVERNMENT / I. B. WARISO MOTOR 2,349,000.00 25-05-07
1181 INTERNATIONAL ENERGY INSURANCE PLC RIVERS STATE GOVERNMENT MOTOR 2,349,000.00 9/5/2007
1182 INDUSTRIAL AND GENERAL INSURANCE PLC HYUNDAI HEAVY IND. ENGINEERING 2,348,855.66 30-07-07
1183 LEADWAY ASSURANCE COMPANY LIMITED JOTKAN INTERNATIONAL LIMI THEFT 2,347,200.00 25-Jul-07
1184 LEADWAY ASSURANCE COMPANY LIMITED SDV NIGERIA LIMITED &/OR INJURY 2,340,090.10 25-Oct-07
1185 LEADWAY ASSURANCE COMPANY LIMITED INLAKS COMPUTERS LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 2,332,285.00 1-Mar-07
1186 NICON INSURANCE PLC SUPT. SUNDAY AMBI MOTOR 2,323,080.00 NOVEMBER, 2007
1187 ROYAL EXCHANGE ASSURANCE (NIG.) PLC WASIU AJIBOLA MARINE CARGO 2,319,498.48 OCTOBER, 2007
1188 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN SPINNERS & DYERS LIMITED STAFF RETIREMENT SCHEME 2,316,672.30 24-05-07
1189 LINKAGE ASSURANCE PLC & CO-INSURERS GREAT TREND COMPANY LIMITED ACCIDENT 2,314,200.00 6/6/2007
1190 INTERCONTINENTAL WAPIC INSURANCE PLC BETA GLASS PLC MARINE CARGO 2,310,606.92 18-04-07

1191 LEADWAY ASSURANCE COMPANY LIMITED LAFIA HOTELS/UBA PLC THEFT 2,308,500.00 3-Dec-07
1192 NIGER INSURANCE PLC & CO-INSURERS EXPRESS DISCOUNT LIMITED THEFT 2,305,935.00 24-05-07
1193 EQUITY ASSURANCE PLC & CO-INSURERS JULIUS BERGER NIGERIA PLC ACCIDENT 2,304,000.00 11/12/2007
1194 STANDARD ALLIANCE INSURANCE PLC ADDAX PETROLEUM DEVELOPMENT NIG. LTD.MOTOR 2,301,088.50 13-06-07
1195 NEM INSURANCE PLC HADEJIA JAMA’ARE MOTOR 2,295,000.00 3/8/2007
1196 LEADWAY ASSURANCE COMPANY LIMITED ABUJA LEASING COMPANY LIM ACCIDENTAL DAMAGE 2,294,419.30 10-Jul-07
1197 EQUITY ASSURANCE PLC & CO-INSURERS JULIUS BERGER NIGERIA PLC ACCIDENT 2,292,975.00 11/12/2007
1198 ROYAL EXCHANGE ASSURANCE (NIG.) PLC CYRIL NWAELU ACCIDENT 2,292,525.01 JUNE, 2007
VONO PRODUCTS PLC. THEFT 2,281,500.00 16-Nov-07
1200 NEM INSURANCE PLC FIRST WATER DISC MOTOR 2,281,500.00 19-10-07
1201 CONSOLIDATED HALLMARK INSURANCE PLC LORION VENTURES MOTOR 2,279,383.00 19-01-07
1202 INTERCONTINENTAL WAPIC INSURANCE PLC A. C. EGBE LIMITED WORKMEN COMPENSATION (PLANT ALL RISK) 2,277,000.00 24-04-07
1203 NICON INSURANCE PLC COMMISSIONOF FOR COLLEGE OF EDUCATIONWITHDRAWAL BENEFITS 2,275,169.89 10/9/2007
1204 CRUSADER GENERAL INSURANCE LIMITED C & I LEASING PLC PRIVATE MOTOR 2,273,250.00 10/1/2007
1205 CRUSADER LIFE INSURANCE LIMITED AIR LIQUIDE NIGERIA PLC JNR/SNR WELFARE SCHEME 2,271,087.23 2007
1206 CRUSADER GENERAL INSURANCE LIMITED MAN-MOUNTAIN & CO. LTD MARINE 2,270,488.62 15/3/2007
1207 MUTUAL BENEFITS ASSURANCE PLC WEMA BANK PLC / VT LEASING ACCIDENT DAMAGE 2,268,000.00 1/11/2007
1208 CUSTODIAN & ALLIED INSURANCE PLC MERISTEM SECURITIES LIMITED MOTOR 2,268,000.00 3/8/2007
1209 KAPITAL INSURANCE COMPANY LIMITED AQUITAINE OIL & GAS LIMITED THEFT 2,268,000.00 14-10-07
1211 Aiico INSURANCE PLC CHIMEX ENTERPRISES LIMITED THEFT (CASH IN TRANSIT) 2,262,026.00 SEPTEMBER, 2007
1212 CUSTODIAN & ALLIED INSURANCE PLC MTN NIGERIA COMMUNICATIONS LIMITED MOTOR 2,260,584.37 8/7/2007
1213 EQUITY ASSURANCE PLC MCNAIR NIGERIA LIMITED MOTOR 2,257,500.00 23-08-07
1214 UNITRUST INSURANCE COMPANY LIMITED UNITRUST/M. MOUNTAIN THEFT 2,250,000.00 23-07-07
1215 GOLDLINK INSURANCE PLC MR. TOLU FOWODE MOTOR 2,250,000.00 9/10/2007
1216 NIGER INSURANCE PLC MARK E. ARIEMUDUIGHO THEFT 2,250,000.00 27-04-07
1217 INTERNATIONAL ENERGY INSURANCE PLC IBTC CHARTERED BANK PLC THEFT (MONEY) 2,250,000.00 13-11-07
1218 LINKAGE ASSURANCE PLC GILMOR ENGINEERING LIMITED FIRE 2,250,000.00 21-03-07
1219 LEADWAY ASSURANCE COMPANY LIMITED AMERICAN UNIVERSITY NIGER CONTRUCTIVE TOTAL LOSS 2,250,000.00 21-Dec-07
1220 GUARANTY TRUST ASSURANCE PLC FLICKS NIGERIA LIMITED MOTOR 2,245,257.20 3/9/2007
1221 INTERCONTINENTAL WAPIC INSURANCE PLC INTERCONTINENTAL BANK PLC THEFT 2,240,100.00 21-11-07
1222 INTERCONTINENTAL WAPIC INSURANCE PLC TRW STOVBROKERS LIMITED THEFT 2,232,500.00 31-10-07
1223 CRUSADER LIFE INSURANCE LIMITED WELFARE SCHEME
FIRE EQUITY & GENERAL INSURANCE CO. LIMITED 2,230,432.00 2007
1224 INTERCONTINENTAL WAPIC INSURANCE PLC NIGERIA UNION OF LOCAL GOVERNMENT ACCIDENT 2,227,500.00 9/7/2007
1225 NEM INSURANCE PLC WEMA BANK PLC / ODUA MOTOR 2,224,120.00 9/2/2007
1226 NICON INSURANCE PLC SP. SULEIMAN UKHUREBOR MOTOR 2,223,080.00 OCTOBER, 2007
1227 LEADWAY ASSURANCE COMPANY LIMITED UBA METROPOLITAN LIFE INS ACCIDENTAL DAMAGE/OWN DAMAGE 2,223,000.00 1-Mar-07
CHARIOT HAULAGE LIMITED THEFT (GOODS IN TRANSIT) 2,216,800.00 10/11/2007
1229 LAW UNION & ROCK INSURANCE PLC BNL ENGEERING MOTOR (OWN DAMAGE) 2,214,556.00 JANUARY, 2007
1230 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC WORKMEN COMPENSATION 2,213,049.30 AUGUST, 2007
TRUSTEES OF NATIONAL FILM & VIDEO CENSORS BOARD BENEFITS 2,211,976.32 16-03-07
1233 LASACO ASSURANCE PLC HORTICO WORKS LIMITED MARINE 2,208,887.53 2/2/2007
1234 INTERCONTINENTAL WAPIC INSURANCE PLC NESTOIL LIMITED / IB PLC ACCIDENT 2,205,000.00 10/9/2007
1235 LEADWAY ASSURANCE COMPANY LIMITED JOF NIGERIA LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 2,199,160.60 4-Oct-07
1236 Aiico INSURANCE PLC OLANIKE JAMES/KPMG MOTOR 2,196,875.00 JANUARY, 2007
1237 NIGER INSURANCE PLC PAACHE NIG. LIMITED MARINE CARGO 2,195,704.11 24-12-07
1238 EQUITY ASSURANCE PLC EVERGLADE AGENCIES LIMITED MOTOR 2,188,900.00 27-09-07
1239 INTERCONTINENTAL WAPIC INSURANCE PLC CORPORETI SUPPORT SERVICES ACCIDENT 2,185,000.00 21-11-07
1240 CUSTODIAN & ALLIED INSURANCE PLC CIT NIGERIA LIMITED MOTOR 2,185,000.00 19-07-07
1241 ROYAL EXCHANGE ASSURANCE (NIG.) PLC LONGMAN NIGERIA PLC THEFT 2,174,906.25 DECEMBER, 2007
1242 SOVEREIGN TRUST INSURANCE PLC DR. MOHAMMED MAIZA THEFT 2,170,800.00 2/7/2007
1243 LEADWAY ASSURANCE COMPANY LIMITED DANIEL THEFT 2,170,600.00 4-Oct-07
1244 AFRICAN ALLIANCE INSURANCE COMPANY LIMITEDSARO AGRO ENTERPRISES DEATH 2,169,548.00 2007
THE TRUSTEES OF FEDERAL POLYTECHNIC, IDAH 2,167,560.34 10/9/2007
1246 ROYAL EXCHANGE ASSURANCE (NIG.) PLC MANDILAS ENTERPRISES LIMITED FIDELITY GUARANTEE 2,165,928.75 SEPTEMBER, 2007
1247 LEADWAY ASSURANCE COMPANY LIMITED M/S. PEUG. AUTOMOBILE NIG ACCIDENTAL DAMAGE 2,164,002.50 9-Aug-07
1248 INVESTMENT & ALLIED ASSURANCE PLC OGBA COMMUNITY BANK CASH IN TRANSIT 2,161,356.00 19-09-07
1249 INTERCONTINENTAL WAPIC INSURANCE PLC INTERCONTINENTAL FINANCE LIMITED ACCIDENT 2,160,000.00 8/11/2007
1250 INTERCONTINENTAL WAPIC INSURANCE PLC GRAND CEREALS & OIL MILLS THEFT 2,160,000.00 21-11-07
1251 KAPITAL INSURANCE COMPANY LIMITED DR. (MRS.) CHILI AKPORJI ACCIDENT DAMAGE 2,160,000.00 8/10/2007
1252 NEM INSURANCE PLC ANOTECH GLOBAL CO. MOTOR 2,160,000.00 18-04-07
1253 NICON INSURANCE PLC WG. CDR. CHUKWUMA MAXWELL MOTOR 2,158,650.00 NOVEMBER, 2007
1254 LEADWAY ASSURANCE COMPANY LIMITED PETRONELLA NIGERIA LIMITED THEFT 2,154,600.00 14-Feb-07
1255 INTERCONTINENTAL WAPIC INSURANCE PLC TOTAL NIGERIA PLC ACCIDENT 2,145,000.00 19-04-07
1257 INDUSTRIAL AND GENERAL INSURANCE PLC COSEEL NIGERIA/ECOBANK MOTOR 2,144,880.00 23-10-07
1258 INDUSTRIAL AND GENERAL INSURANCE PLC COSEEL NIGERIA MOTOR 2,144,880.00 23-10-07
1259 KAPITAL INSURANCE COMPANY LIMITED CROWN AGENTS NIGERIA LIMITED ACCIDENT DAMAGE 2,144,110.30 30-08-07

1261 LEADWAY ASSURANCE COMPANY LIMITED ADOLD ENGINEERING COMPANY LIMITED ACTUAL TOTAL LOSS 2,142,000.00 1-Mar-07
1262 UNITRUST INSURANCE COMPANY LIMITED GIVANAS NIGERIA LIMITED THEFT 2,137,500.00 5/5/2007
1263 OASIS INSURANCE PLC OASIS SAVINGS & LOANS LIMITED ACCIDENT INVOLVING HONDA CIVIC 2,136,275.00 8/2/2007
1264 ROYAL EXCHANGE ASSURANCE (NIG.) PLC SIO PROPERTIES LIMITED/S. D. ODOGWU ACCIDENT 2,128,618.10 APRIL, 2007
1268 LASACO ASSURANCE PLC DR. GLENN PRINCE ABBI ACCIDENT DAMAGE 2,125,000.00 15-06-07
1269 NICON INSURANCE PLC CAPT. O. F. OBIORAH MOTOR 2,123,080.00 NOVEMBER, 2007
1270 CRUSADER GENERAL INSURANCE LIMITED C & I LEASING PLC/HERTZ CAR RENTAL S. COMMERCIAL MOTOR 2,122,200.00 8/8/2007
1271 CRUSADER GENERAL INSURANCE LIMITED JOHNSON WAX NIG. LTD COMMERCIAL MOTOR 2,114,775.00 10/5/2007
1272 GUARANTY TRUST ASSURANCE PLC GUARANTY TRUST BANK PLC MOTOR 2,114,450.00 31-10-07
1273 LEADWAY ASSURANCE COMPANY LIMITED FED.MIN.OF WATER RESOURCE ACTUAL TOTAL LOSS 2,113,866.10 16-Oct-07
1274 NICON INSURANCE PLC COUNCIL OF LEGAL EDUCATION WITHDRAWAL BENEFITS 2,112,775.00 29-06-07
1275 LEADWAY ASSURANCE COMPANY LIMITED SDV NIGERIA LIMITED &/OR INJURY 2,110,076.00 13-Dec-07
1276 INTERCONTINENTAL WAPIC INSURANCE PLC UITH, ILORIN ACCIDENT 2,106,000.00 9/7/2007
1277 INTERCONTINENTAL WAPIC INSURANCE PLC PHARMACARE SUPPORT SERVICESBETA GLASSMARINE
PLC CARGO 2,096,041.90 23-03-07
1279 LEADWAY ASSURANCE COMPANY LIMITED ABUJA LEASING COMPANY LIM ACCIDENTAL DAMAGE 2,087,272.00 7-Sep-07
1280 EQUITY ASSURANCE PLC PRIMA IMPEX NIGERIA LIMITED MOTOR 2,086,000.00 8/3/2007
1281 LAW UNION & ROCK INSURANCE PLC RIVIGO J. V. (NIGERIA) THEFT (ROBBERY) 2,082,994.14 MARCH, 2007
1282 NIGER INSURANCE PLC ALUMINIUM CITY LIMITED ACCIDENTAL DAMAGE 2,081,858.31 21-02-07
1283 ROYAL EXCHANGE ASSURANCE (NIG.) PLC MUFUTAU OLAITAN ABOLARINWA ACCIDENT 2,081,250.00 SEPTEMBER, 2007
1284 Aiico INSURANCE PLC IFATUROTI JUMOKE/AIICO MOTOR 2,081,250.00 OCTOBER, 2007
AFOLANIYI TRANSPORT SERVIES LTD GOODS IN TRANSIT 2,077,726.34 26/6/2007
WITHDRAWAL
ABUDUBENEFITS 2,076,819.56 10/9/2007
1287 EQUITY ASSURANCE PLC RECKITT BENCKISER NIGERIA LIMITED MOTOR 2,076,500.00 23-04-07
1288 LEADWAY ASSURANCE COMPANY LIMITED NIGERIAN BREWERIES PLC ACCIDENTAL DAMAGE/OWN DAMAGE 2,076,097.40 30-May-07
1289 GUARANTY TRUST ASSURANCE PLC KADUNA STATE UNIVERSITY MOTOR 2,075,677.06 16-03-07
1290 ADIC INSURANCE LIMITED EZIKE CHIDI THEFT (MOTOR) 2,075,000.00 4/7/2007
1291 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NEGRIS NIGERIA LIMITED DEATH 2,073,600.00 27-08-07
1292 LEADWAY ASSURANCE COMPANY LIMITED FIRST ALUMINIUM NIGERIA PLC THEFT 2,070,000.00 25-Apr-07
1293 LEADWAY ASSURANCE COMPANY LIMITED BABALOLA ACCIDENTAL DAMAGE/OWN DAMAGE 2,070,000.00 1-Mar-07
1295 UNITRUST INSURANCE COMPANY LIMITED SETRACO NIGERIA LIMITED THEFT (CASH IN TRANSIT) 2,067,178.56 15-06-07
1296 ZENITH GENERAL INSURANCE COMPANY LIMITED PETROLEUM AND NATURAL GAS SENIOR STAFF ASS.
ACCIDENT
OF NIG./ZENITH BANK 2,065,797.01 30-10-07
1297 UNITRUST INSURANCE COMPANY LIMITED ROFICO LIMITED THEFT (GOODS IN TRANSIT) 2,060,042.99 22-12—07
1298 EQUITY ASSURANCE PLC SAM AYODELE MOTOR 2,055,000.00 16-03-07
1299 NIGER INSURANCE PLC OGUN STATE WATER CORPORATION ACCIDENTAL DAMAGE 2,050,000.00 18-04-07
1300 INTERNATIONAL ENERGY INSURANCE PLC JACKSON ETTI & EDU / OBAFEMI AGABA MOTOR 2,050,000.00 17-09-07
1301 LEADWAY ASSURANCE COMPANY LIMITED ELF PETROLEUM/EMPLOYEES ACCIDENTAL DAMAGE/OWN DAMAGE 2,050,000.00 4-Dec-07
1302 INTERNATIONAL ENERGY INSURANCE PLC DUMO LULU BRIGGS MOTOR 2,050,000.00 25-05-07
1303 LEADWAY ASSURANCE COMPANY LIMITED NIGERIAN BAG MGF. CO. LTD ACCIDENTAL DAMAGE/OWN DAMAGE 2,049,800.00 1-Mar-07
1305 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NEXANS KABLEMETAL NIGERIA LIMITED STAFF RETIREMENT SCHEME 2,037,787.73 10/6/2007
1306 GUARANTY TRUST ASSURANCE PLC THE CARPENTERS CHURCH MOTOR 2,032,750.00 17-10-07
1307 MUTUAL BENEFITS ASSURANCE PLC H. F. P. ENGINEERING ACCIDENT DAMAGE 2,025,000.00 9/10/2007
1308 ROYAL EXCHANGE ASSURANCE (NIG.) PLC EMEKA OKAFOR THEFT 2,025,000.00 JULY, 2007
1309 ROYAL EXCHANGE ASSURANCE (NIG.) PLC R. C. M. ARCHDIOCESE OF IBADAN FIRE 2,023,517.35 NOVEMBER, 2007
1310 LEADWAY ASSURANCE COMPANY LIMITED PROGRESSIVE ENTERPRISES N THEFT 2,016,532.70 9-Jan-07
1311 Aiico INSURANCE PLC PRIFER SPECIATIES LIMITED MOTOR 2,015,526.62 JUNE, 2007
1312 ZENITH GENERAL INSURANCE COMPANY LIMITED JULIUS BERGER NIGERIA PLC ENGINEERING 2,012,538.69 27-07-07
WITHDRAWAL
EHA-AMUFU
BENEFITS 2,009,704.10 10/9/2007
1314 GUARANTY TRUST ASSURANCE PLC MRS. AMINA SHEHU MOTOR 2,009,250.00 23-03-07
1315 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN NATIONAL PETROLEUM CORPORATIONFIRE 2,008,410.70 DECEMBER, 2007
1316 CRUSADER GENERAL INSURANCE LIMITED M.I.JEGEDE & COMPANY FIRE 2,006,587.01 25/5/2007
1317 CRUSADER GENERAL INSURANCE LIMITED M.I. JEGEDE & COMPANY FIRE 2,006,587.01 25/5/2007
1318 EQUITY ASSURANCE PLC JULIUS BERGER NIGERIA PLC MOTOR 2,006,000.00 27-04-07
1319 ZENITH GENERAL INSURANCE COMPANY LIMITED FIRST ALLIANCE PENSIONS AND BENEFITS LIMITED
THEFT 2,004,300.00 6/12/2007
1320 NEM INSURANCE PLC EJINAKA ENER. & SERVICES MOTOR 2,001,150.00 3/12/2007
1321 NICON INSURANCE PLC TRUSTEES OF NIGERIAINSTITUTE OF TRANSPORTWITHDRAWAL
TECHNOLOGY BENEFITS 2,000,000.00 16-03-07
1322 NICON INSURANCE PLC TRUSTEES OF NATIONAL THEATRE & NATIONAL TROUPE
1323 NICON INSURANCE PLC TRUSTEES OF NATIONAL TEACHERS’ INSTITUTEWITHDRAWAL BENEFITS 2,000,000.00 16-03-07
1324 NICON INSURANCE PLC TRUSTEES OF NATIONAL MATHEMATICS CENTREWITHDRAWAL BENEFITS 2,000,000.00 16-03-07
1325 NICON INSURANCE PLC TRUSTEES OF NATIONAL HUMAN RIGHT COMMISSION
1326 NICON INSURANCE PLC TRUSTEES OF NATIONAL COMMISSION FOR NOMADIC
WITHDRAWAL
EDUCATION
BENEFITS 2,000,000.00 16-03-07
1327 NICON INSURANCE PLC TRUSTEES OF NATIONAL BROADCATING COMMISSION
1328 NICON INSURANCE PLC TRUSTEES OF NATIONAL BOARD OF TECHNICALWITHDRAWAL
EDUCATION BENEFITS 2,000,000.00 16-03-07
1329 NICON INSURANCE PLC TRUSTEES OF MICHAEL IMODU INSTITUTE OF LABOUR
WITHDRAWAL
STUDIESBENEFITS 2,000,000.00 16-03-07
1330 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, KAURA-NAMODA

1331 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, EDE

1332 NICON INSURANCE PLC TRUSTEES OF FEDERAL POLYTECHNIC, DAMATURU
1333 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, YOLA
1334 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, UMUNZE
1335 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, PANKSHIN
1336 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, OKENE
1337 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, OBUDU
1338 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, KONTAGORA
1339 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, KATSINA
1340 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, KANO
1341 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, GOMBE
1342 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, EHA-AMUFU
1343 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, BICHI
1344 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION (TECH), POTISKUM
1345 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION (TECH), OMOKU
1346 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION (TECH), GUSAU
1347 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION (TECH), ASABA
1348 NICON INSURANCE PLC TRUSTEES OF FEDERAL COLLEGE OF EDUCATION (SPECIAL), OYO
1349 NICON INSURANCE PLC THE TRUSTEES OF NIGERIA EDUCATIONAL RESEARCH & DEVELOPMENT COUNCIL
1350 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, ADO-EKITI
1351 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, YOLA
1352 NICON INSURANCE PLC THE TRUSTEES OF ADEYEMI COLLEGE OF EDUCATION, ONDO
1353 LEADWAY ASSURANCE COMPANY LIMITED THE NIGERIA CUSTOMS SERVICES
DEATH 2,000,000.00 3-Sep-07
DEATH 2,000,000.00 3-Sep-07
DEATH 2,000,000.00 3-Sep-07
1356 Aiico INSURANCE PLC PLATEAU AIDS CONTROL AGENCY
PERSONAL ACCIDENT 2,000,000.00 MARCH, 2007
1357 NICON INSURANCE PLC NIGERIAN INSTITUTE OF TRANSPORT TECHNOLOGY
1358 LEADWAY ASSURANCE COMPANY LIMITED NIGERIAN BREWERIES PLC
INJURY 2,000,000.00 13-Sep-07
1359 NICON INSURANCE PLC NATIONAL STEEL RAW MGT. EXP. AGENCY
1360 NICON INSURANCE PLC NATIONAL INSTITUTE OF CULTURAL ORIENTATION
1361 NICON INSURANCE PLC NATIONAL FILM AND VIDEO CENSORS BOARD
1362 NICON INSURANCE PLC NATIONAL BROADCASTING COMMISSION
1363 NICON INSURANCE PLC MICHAEL IMODU INSTITUTE FOR LABOUR STUDIES
1364 NICON INSURANCE PLC MARITIME ACADEMY OF NIGERIA
1365 ZENITH GENERAL INSURANCE COMPANY LIMITEDJULIUS BERGER NIGERIA PLC
ENGINEERING 2,000,000.00 27-07-07
1366 GOLDLINK INSURANCE PLC FERTILIZER & CHEMICAL LIMITED
MOTOR 2,000,000.00 30-11-07
1367 NICON INSURANCE PLC FEDERAL ENVIRONMENTAL PROTECTION AGENCY
1368 ROYAL EXCHANGE ASSURANCE (NIG.) PLC ETHOPIAN AIRLINES
ACCIDENT 2,000,000.00 MARCH, 2007
1369 NICON INSURANCE PLC DEFENCE INTELLIGENCY AGENCY
1370 CUSTODIAN & ALLIED INSURANCE PLC 3 LIN E CARD MANAGEMENT
MOTOR 1,998,000.00 23-10-07
1371 LAW UNION & ROCK INSURANCE PLC LIMTOB VENTURES
MOTOR (OWN DAMAGE) 1,997,500.00 JUNE, 2007
1372 CRUSADER GENERAL INSURANCE LIMITED BANK PHB/INSIGHT COMMUNICATIONS LTD
PRIVATE MOTOR 1,996,796.25 25/5/2007
1373 LAW UNION & ROCK INSURANCE PLC IAL INTERNATIONAL LIMITED
MOTOR (OWN DAMAGE) 1,996,634.80 JULY, 2007
1374 LEADWAY ASSURANCE COMPANY LIMITED NIGER DELTER DEVELOPMENT
ACCIDENTAL DAMAGE/OWN DAMAGE 1,995,840.00 1-Mar-07
1375 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, YOLA
1376 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, (TECH), ASABA
1377 EQUITY ASSURANCE PLC MR. OLALEKAN OLADUTI
MOTOR 1,985,700.00 13-02-07
1378 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC
ACCIDENT 1,982,775.00 DECEMBER, 2007
1379 LEADWAY ASSURANCE COMPANY LIMITED COMPUTER WAREHOUSE LIMITED
THEFT AT PARK 1,980,000.00 9-May-07
1380 INTERCONTINENTAL WAPIC INSURANCE PLC SUMMIT FINANCE LIMITED
ACCIDENT 1,974,375.00 23-01-07
1381 ROYAL EXCHANGE ASSURANCE (NIG.) PLC KOURIS CONSTRUCTION NIGERIA
CONTRACTOR ALL RISK 1,970,325.39 JUNE, 2007
1382 MUTUAL BENEFITS ASSURANCE PLC AIKON LEASING & SERVICES
FIRE 1,968,750.00 6/5/2007
1383 GUARANTY TRUST ASSURANCE PLC REDEEMERS UNIVERSITY
ACCIDENT 1,967,910.59 2/10/2007
1384 INTERCONTINENTAL WAPIC INSURANCE PLC CRESTFIELD NIGERIA LIMITED
ACCIDENT 1,966,500.00 21-11-07
1385 GOLDLINK INSURANCE PLC COOPWEST/IBRAHIM HAKEEM
THEFT OF MOTOR 1,965,600.00 2007
1386 ROYAL EXCHANGE ASSURANCE (NIG.) PLC LEVENTIS MOTORS
ACCIDENT 1,965,404.46 NOVEMBER, 2007
1387 INTERNATIONAL ENERGY INSURANCE PLC NIGERLINK CONSULTING LIMITED
MOTOR 1,964,947.50 9/11/2007
1388 ROYAL EXCHANGE ASSURANCE (NIG.) PLC REAN FINANCE CO. LIMITED
ACCIDENT 1,963,250.00 JUNE, 2007
1389 INSURANCE PHB LIMITED GRITCO NIGERIA LIMITED
MOTOR 1,962,225.00 10/7/2007
1390 EQUITY LIFE INSURANCE COMPANY LIMITED UNILAG (MAIN CAMPUS)
GROUP LIFE 1,961,814.00 12/2/2007
1391 CRUSADER GENERAL INSURANCE LIMITED PETRONELA/FBN PLC
COMMERCIAL MOTOR 1,960,537.35 17/52007
1392 SOVEREIGN TRUST INSURANCE PLC MISS OLUSOLAPE ADEFALA
THEFT 1,960,000.00 29-03-07
1393 ROYAL EXCHANGE ASSURANCE (NIG.) PLC RESORT SAVING & LOANS LIMITED
BREAKDOWN 1,959,875.00 FEBRUARY, 2007
1394 INDUSTRIAL AND GENERAL INSURANCE PLC WEST AFRICAN BITUMEN EMULSION
MOTOR 1,954,125.00 2/3/2007
1395 CRUSADER LIFE INSURANCE LIMITED BRISTOW HELICOPTERS NIGERIA LIMITED
WELFARE SCHEME 1,951,748.50 2007
1396 INTERCONTINENTAL WAPIC INSURANCE PLC CORNELL INVESTMENT / IB PLC
ACCIDENT 1,950,750.00 29-08-07
1397 LEADWAY ASSURANCE COMPANY LIMITED NIGERIAN BOTTLING COMPANY PLC
ACCIDENTAL DAMAGE/OWN DAMAGE 1,949,512.50 1-Feb-07
1398 CAPITAL EXPRESS INSURANCE COMPANY LIMITEDCRUSHED ROCK (ONUOHA ASELEM)
DEATH 1,947,093.80 2007
1399 CONSOLIDATED HALLMARK INSURANCE PLC M. B. ANAMMCO LIMITED
MOTOR 1,944,000.00 29-08-07
1400 NICON INSURANCE PLC BESIDONE REWANE
MOTOR 1,944,000.00 SEPTEMBER, 2007

1402 NICON INSURANCE PLC SUNDAY EDE THEFT 1,937,500.00 SEPTEMBER, 2007
1403 NEM INSURANCE PLC BAYERO UNIVERSITY KANO PERSONAL ACCIDENT 1,936,568.16 1/6/2007
1404 LEADWAY ASSURANCE COMPANY LIMITED CELTEL NIGERIA LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 1,935,000.00 1-Feb-07
1405 INTERCONTINENTAL WAPIC INSURANCE PLC THESSYNELLY ENTERPRISES LIMITED FIRE (BURNT PMS PRODUCT) 1,930,500.00 4/12/2007
1406 EQUITY LIFE INSURANCE COMPANY LIMITED WEST AFRICA CONTAINERS LIMITED GROUP LIFE 1,927,856.86 4/5/2007
1407 ZENITH GENERAL INSURANCE COMPANY LIMITEDUWA OIL INDUSTRIES NIGERIA LIMITED ACCIDENT 1,927,540.00 7/12/2007
1408 ZENITH GENERAL INSURANCE COMPANY LIMITEDOGORCHUKWU A. ORJI THEFT 1,923,750.00 6/3/2007
1409 ADIC INSURANCE LIMITED ANNNING AND NOWAS GROUP LIMITED ACCIDENT 1,921,575.00 14-11-07
1410 ZENITH GENERAL INSURANCE COMPANY LIMITEDEWEKORO POWER LIMITED/ENERGY CO. NIG.BUSINESS
LIMITED INTERRUPTION ENERGY 1,920,000.00 5/12/2007
1411 Aiico INSURANCE PLC NNB/UNITY BANK MOTOR 1,916,502.41 FEBRUARY, 2007
1412 CUSTODIAN & ALLIED INSURANCE PLC GEOPLEX (W. A.) LIMITED MOTOR 1,914,750.00 5/12/2007
1413 MUTUAL BENEFITS ASSURANCE PLC ROYAL MOTORS CO. LIMITED ACCIDENT DAMAGE 1,912,500.00 6/8/2007
1414 GUARANTY TRUST ASSURANCE PLC FAMAKINWA ABIOLA A. MOTOR 1,912,500.00 9/7/2007
NOBLE DRILLING (ALEXANDER I.) DEATH 1,911,127.17 2007
1416 CRUSADER GENERAL INSURANCE LIMITED OLABISI ONABANJO UNIVERSITY COMMUNITYACCIDENT
BANK LIMITED 1,909,662.50 3/3/2007
1417 INDUSTRIAL AND GENERAL INSURANCE PLC TROPICAL PROJECT & LOG MARINE 1,908,000.00 14-02-07
1418 ZENITH GENERAL INSURANCE COMPANY LIMITEDGMT NIGERIA LIMITED MARINE 1,906,655.60 19-07-07
1419 LEADWAY ASSURANCE COMPANY LIMITED S.C.C. NIG LTD ACCIDENTAL DAMAGE/OWN DAMAGE 1,904,436.00 24-Jul-07
1421 LEADWAY ASSURANCE COMPANY LIMITED ABUJA LEASING COMPANY LIM ACCIDENTAL DAMAGE 1,892,500.00 10-Jul-07
1422 GUINEA INSURANCE PLC NATIONAL BROADCASTING COMMISSION MOTOR 1,890,031.50 15-10-07
1423 ZENITH GENERAL INSURANCE COMPANY LIMITEDFIRST ALLIANCE PENSIONS AND BENEFITS LIMITED
ACCIDENT 1,886,400.00 1/11/2007
1424 INTERNATIONAL ENERGY INSURANCE PLC RIVERS STATE GOVERNMENT MOTOR 1,879,200.00 31-07-07
1425 GUARANTY TRUST ASSURANCE PLC H. F. P. ENGINEERING LIFE 1,879,095.96 27-08-07
1426 ROYAL EXCHANGE ASSURANCE (NIG.) PLC JAPCCO NIGERIA LIMITED THEFT (GOODS IN TRANSIT) 1,877,382.00 JUNE, 2007
1427 CONSOLIDATED HALLMARK INSURANCE PLC BEVEL ENERGY LIMITED THEFT (GOODS IN TRANSIT) 1,877,040.00 27-11-07
1428 MUTUAL BENEFITS ASSURANCE PLC LINKSO NIGERIA LIMITED THEFT 1,873,262.50 5/12/2007
1429 EQUITY ASSURANCE PLC SUNPLAST INDUSTRIES LIMITED ACCIDENT 1,871,814.94 24-04-07
1430 LAW UNION & ROCK INSURANCE PLC BORINI PRONO & CO. DEATH 1,870,682.98 APRIL, 2007
ETEMITE LIMITED DEATH 1,861,638.00 2007
1434 STANDARD ALLIANCE INSURANCE PLC FIRST ATLANTIC BANK PLC MOTOR 1,851,727.82 3/9/2007
1435 INDUSTRIAL AND GENERAL INSURANCE PLC VOICE OF NIGERIA ACCIDENT 1,850,626.30 12/2/2007
1436 ROYAL EXCHANGE ASSURANCE (NIG.) PLC WEMA BANK PLC THEFT (CASH IN TRANSIT) 1,847,158.76 JUNE, 2007
1437 UNITRUST INSURANCE COMPANY LIMITED NIGER DELTA FLOUR MILLS ACCIDENT DAMAGE 1,846,800.00 31-12—07
1438 ZENITH GENERAL INSURANCE COMPANY LIMITEDNEW APOSTOLIC CHURCH IN NIGERIA THEFT 1,846,625.00 21-11-07
1439 NIGER INSURANCE PLC BENUE LINKS (NIGERIA) LIMITED THEFT OF MOTOR 1,844,780.00 31-07-07
1441 NEM INSURANCE PLC UNITED PARCEL SERVICES MOTOR 1,842,243.75 23-01-07
1443 SOVEREIGN TRUST INSURANCE PLC MRS. NEBECHI UGBOAJAH ACCIDENT 1,831,500.00 12/1/2007
1444 GOLDLINK INSURANCE PLC RASHA INDUSTRIES LIMITED FIRE 1,828,440.00 23-11-07
1445 NEM INSURANCE PLC MIKANO INTERNATIONAL FIRE 1,823,664.59 26-06-07
1446 ROYAL EXCHANGE ASSURANCE (NIG.) PLC KUTI COMFORT OLUBUNMI THEFT 1,822,500.00 OCTOBER, 2007
1447 LAW UNION & ROCK INSURANCE PLC DEMABAG LIMITED MOTOR (OWN DAMAGE) 1,822,500.00 SEPTEMBER, 2007
HIGHGATE INSURANCE BROKERS (OJIGBADE DEATH
M.) 1,821,600.00 2007
1450 INSURANCE PHB LIMITED CHIEF JACKSON OKUNFOLARIN MOTOR 1,814,400.00 23-03-07
1452 LEADWAY ASSURANCE COMPANY LIMITED LEADWAY TRUSTEES LTD / GO THEFT 1,811,250.00 16-Aug-07
1453 EQUITY ASSURANCE PLC ETAP CUSTOMERS M OTOR 1,810,022.00 13-12-07
1454 ROYAL EXCHANGE ASSURANCE (NIG.) PLC RESORT SAVING & LOANS LIMITED THEFT 1,809,821.70 OCTOBER, 2007
1455 MUTUAL BENEFITS ASSURANCE PLC HIGHWAY FARMS MARINE 1,808,751.78 30-08-07
1456 NICON INSURANCE PLC BAMIDELE AWOLALA MOTOR 1,804,000.00 JULY, 2007
1457 INTERCONTINENTAL WAPIC INSURANCE PLC WETHERHEAD INTERNATIONAL LIMITED ACCIDENT 1,803,750.00 16/11/2007
LONGMAN NIGERIA LIMITED (G. I. O. NWOZOR)DEATH 1,803,380.00 2007
1460 CONSOLIDATED HALLMARK INSURANCE PLC WEMA BANK PLC MOTOR 1,800,000.00 19-07-07
1461 LEADWAY ASSURANCE COMPANY LIMITED UCHENNA C. NWOKOLO (MRS.) THEFT 1,800,000.00 12-Nov-07
1462 NEM INSURANCE PLC SIMON OMOFUMA THEFT (GOODS IN TRANSIT) 1,800,000.00 3/10/2007
1463 GUARANTY TRUST ASSURANCE PLC SHORELINE POWER COMPANY LIMITED ACCIDENT 1,800,000.00 7/11/2007
1464 CRUSADER LIFE INSURANCE LIMITED REGENCY ALLIANCE INSURANCE PLC DEATH 1,800,000.00 2007
1465 LINKAGE ASSURANCE PLC ODUYEMI ABOSEDE ACCIDENT 1,800,000.00 12/7/2007
1466 LEADWAY ASSURANCE COMPANY LIMITED NEUTRON ENERGY SERVICES L FIRE 1,800,000.00 17-Dec-07
1467 SOVEREIGN TRUST INSURANCE PLC IPE AKOKO COMMUNITY BANK THEFT (ROBBERY) 1,800,000.00 4/9/2007
1468 Aiico INSURANCE PLC INCOME ELECTRIX NIGERIA LIMITED MOTOR 1,800,000.00 JUNE, 2007
1469 Aiico INSURANCE PLC CHEVRON OIL/TEXACO THEFT (CASH IN TRANSIT) 1,800,000.00 MAY, 2007
1470 Aiico INSURANCE PLC CHEVRON OIL/TEXACO THEFT (CASH IN TRANSIT) 1,800,000.00 AUGUST, 2007
1471 STANDARD ALLIANCE INSURANCE PLC CHARTERED BANK A/C/S. A. INVST. MOTOR 1,800,000.00 4/4/2007

1472 INDUSTRIAL AND GENERAL INSURANCE PLC FEDERAL URBAN MASS TRANSIT MOTOR 1,795,770.00 25-06-07
1473 INDUSTRIAL AND GENERAL INSURANCE PLC FEDERAL URBAN MASS TRANSIT MOTOR 1,795,770.00 25-06-07
1474 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC WORKMEN COMPENSATION 1,791,369.72 FEBRUARY, 2007
1475 ROYAL EXCHANGE ASSURANCE (NIG.) PLC SAIPEM CONTRACTING NIGERIA LIMITED FIRE PERIL 1,789,558.16 22-08-07
1476 INTERCONTINENTAL WAPIC INSURANCE PLC BROWNELL PETROLEUM LIMITED ACCIDENT (LOSS OF KEROSINE TRANSIT) 1,786,950.00 11/12/2007
1477 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL POLYTECHNIC, BAUCHI
1478 GUARANTY TRUST ASSURANCE PLC TESSITTURA NIGERIA LIMITED MOTOR 1,784,126.25 10/9/2007
1479 CONSOLIDATED HALLMARK INSURANCE PLC CELTRON NIGERIA LIMITED MOTOR 1,782,000.00 21-12-07
FOOD AND AGRIC. ORGANISATION THEFT 1,777,248.00 14-05-07
1481 GOLDLINK INSURANCE PLC NAOC/MRS. EKWELIBE J. I. MOTOR 1,776,000.00 19-06-07
1482 Aiico INSURANCE PLC NIB MOTOR 1,771,584.94 JUNE, 2007
1483 LEADWAY ASSURANCE COMPANY LIMITED AMADEUS MARKETING NIGERIA THIRD PARTY DAMAGE 1,768,266.20 27-Jun-07
1485 CONSOLIDATED HALLMARK INSURANCE PLC SANWOOLU DIPO MOTOR 1,760,936.00 6/8/2007
1486 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC FIDELITY GUARANTEE 1,758,401.90 DECEMBER, 2007
1487 LEADWAY ASSURANCE COMPANY LIMITED ALFAM INS. BROKERS (P/H) DEATH 1,758,114.00 10-Oct-07
1488 CRUSADER LIFE INSURANCE LIMITED NORTHERN NIG. FLOUR MILLS PLC WELFARE SCHEME 1,757,819.99 2007
1489 Aiico INSURANCE PLC OLABODE A. OSOSAMI/ACCENTURE MOTOR 1,757,500.00 APRIL, 2007
1490 STANDARD ALLIANCE INSURANCE PLC HENRY TINNER GLASS NIGERIA LIMITED MARINE CARGO 1,757,456.89 21-05-07
1491 INTERCONTINENTAL WAPIC INSURANCE PLC QUAMOT INDUSTRIES LIMITED MARINE CARGO 1,756,027.00 24-04-07
1492 INSURANCE PHB LIMITED ELIPA ASSOCIATE LIMITED MOTOR 1,755,000.00 7/2/2007
1493 CRUSADER LIFE INSURANCE LIMITED FOLAWIYO FARMS LIMITED WELFARE SCHEME 1,754,648.94 2007
1494 CRUSADER GENERAL INSURANCE LIMITED C & I LEASING PLC/HERTZ CAR RENTAL S. COMMERCIAL MOTOR 1,748,250.00 8/8/2007
1495 LEADWAY ASSURANCE COMPANY LIMITED NIGERIAN NATIONAL PETROLEUM CORPORATION
ACCIDENTAL DAMAGE 1,747,700.00 21-May-07
1496 MUTUAL BENEFITS ASSURANCE PLC AMAXY CONTINENTAL EXPRESS ACCIDENT DAMAGE 1,746,450.00 24-08-07
1497 UNITRUST INSURANCE COMPANY LIMITED GIVANAS NIGERIA LIMITED THEFT (GOODS IN TRANSIT) 1,744,380.00 12/5/2007
1498 MUTUAL BENEFITS ASSURANCE PLC INTERCONTINENTAL / ORIENTAL SERVICESS ACCIDENT DAMAGE 1,741,500.00 24-08-07
1499 MUTUAL BENEFITS ASSURANCE PLC GIFT FROM ABOVE MOTORS ACCIDENT DAMAGE 1,741,500.00 11/12/2007
1500 NICON INSURANCE PLC HELICON NIGERIA LIMITED EMPLOYEE’S LIABILITY 1,740,000.00 SEPTEMBER, 2007
1501 NICON INSURANCE PLC THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION
WITHDRAWAL(TECH),
BENEFITS
AKOKA 1,738,407.91 10/9/2007
1502 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC FIDELITY GUARANTEE 1,737,417.95 SEPTEMBER, 2007
1503 GUARANTY TRUST ASSURANCE PLC ADEKOLA AYODEJI CLEMENT MOTOR 1,730,000.00 12/2/2007
1504 INTERCONTINENTAL WAPIC INSURANCE PLC MUTUAL BENEFITS ASSURANCE PLC ACCIDENT 1,725,870.00 28-09-07
1506 INTERCONTINENTAL WAPIC INSURANCE PLC NORIS OKAFOR MRS. / IB PLC ACCIDENT 1,720,000.00 10/9/2007
1507 MUTUAL BENEFITS ASSURANCE PLC SUNDAY ADEDIRAN ACCIDENT DAMAGE 1,719,000.00 23-10-07
1508 LEADWAY ASSURANCE COMPANY LIMITED ILORA COMMUNITY BANK (NIG THEFT 1,717,101.00 9-Oct-07
1509 INDUSTRIAL AND GENERAL INSURANCE PLC ENVOY OIL LIMITED MARINE 1,716,643.50 10/2/2007
1510 Aiico INSURANCE PLC FOOD CONCEPTS MOTOR 1,712,660.62 APRIL, 2007
1511 REGENCY ALLIANCE INSURANCE PLC N. N. P. C. / MR. E. A. AIGBOKHAN INJURY 1,710,438.69 11/9/2007
1513 NICON INSURANCE PLC MRS. ESTHER GANA MOTOR 1,710,000.00 NOVEMBER, 2007
1514 GOLDLINK INSURANCE PLC ARC. UDE IKEOTUONYE THEFT OF MOTOR 1,710,000.00 9/3/2007
1515 LEADWAY ASSURANCE COMPANY LIMITED AFAGWU FIRE 1,710,000.00 5-Apr-07
1516 GOLDLINK INSURANCE PLC ABBNG LIMITED MOTOR 1,710,000.00 9/8/2007
1517 CRUSADER LIFE INSURANCE LIMITED CORONA SCHOOL TRUST COUNCIL DEATH 1,704,111.00 2007
1518 CUSTODIAN & ALLIED INSURANCE PLC PEACE TIDINGS VENTURES THEFT/BURGLARY 1,702,217.50 10/4/2007
1519 NICON INSURANCE PLC THE TRUSTEES OF AKANU IBIAM FEDERAL POLYTECHNIC,
WITHDRAWALUNWANA
BENEFITS 1,701,758.73 10/9/2007
1520 GUARANTY TRUST ASSURANCE PLC FIRST MARINA TRUST LIMITED MOTOR 1,701,000.00 15-10-07
1521 SOVEREIGN TRUST INSURANCE PLC CHIAMAKA J. AYOZIE ACCIDENT 1,701,000.00 24-05-07
WEST AFRICAN SEASONING CO. LIMITED (KURE
DEATH
JAMES) 1,697,616.00 2007
1523 CRUSADER LIFE INSURANCE LIMITED METHODIST CHURCH NIGERIA WELFARE SCHEME 1,696,993.58 2007
1524 LEADWAY ASSURANCE COMPANY LIMITED VALENZ HOLDINGS LIMITED/E ACCIDENTAL DAMAGE/OWN DAMAGE 1,695,897.00 20-Feb-07
1525 LEADWAY ASSURANCE COMPANY LIMITED CRYSLAD NIGERIA LIMITED ACCIDENTAL DAMAGE/OWN DAMAGE 1,695,672.00 11-Apr-07
UNIVERSITY OF MADUGURI (YINUSA ALLI) DEATH 1,693,926.00 2007
1527 Aiico INSURANCE PLC BRITISH DEPUTY HIGH COMMISSION PERSONAL ACCIDENT 1,692,007.00 MAY, 2007
1528 Aiico INSURANCE PLC KEENS INC. VENTURES LIMITED THEFT (GOODS IN TRANSIT) 1,690,200.00 JUNE, 2007
1529 NEM INSURANCE PLC B & B LEATH LIMITED FIDELITY GUARANTEE 1,689,003.00 17-09-07
1530 GUARANTY TRUST ASSURANCE PLC RHONIC BULWARK SERVICES LIMITED MOTOR 1,688,850.00 16-03-07
1531 INTERCONTINENTAL WAPIC INSURANCE PLC OSAGIE BELLO MR. & MRS. ACCIDENT 1,687,500.00 24-10-07
1532 LEADWAY ASSURANCE COMPANY LIMITED CELTEL NIGERIA LIMITED THIRD PARTY DAMAGE 1,686,273.80 14-Sep-07
1533 UNITRUST INSURANCE COMPANY LIMITED LINA OIL MILLS LIMITED FIRE 1,685,064.60 23-04-07
1534 MUTUAL BENEFITS ASSURANCE PLC NIGERIAN NATIONAL PETROLEUM CORPORATION
FIRE 1,684,938.30 12/9/2007
1535 CRUSADER GENERAL INSURANCE LIMITED JULIFEST NIG.LTD PRIVATE MOTOR 1,683,495.00 14/6/2007
1536 EQUITY ASSURANCE PLC JULIUS BERGER NIGERIA PLC M OTOR 1,683,360.00 23-04-07
1537 KAPITAL INSURANCE COMPANY LIMITED NIGER DELTA DEVELOPMENT COMMSSION ACCIDENT DAMAGE 1,683,000.00 9/8/2007
1538 CRUSADER GENERAL INSURANCE LIMITED UNIVERSAL MAIL SERVICES LTD ACCIDENT 1,680,000.00 16/4/2007
1541 STERLING ASURANCE NIGERIA LIMITED INT’L MARKETING PROM. SERVICES DEATH OF USMAN SHEHU 1,680,000.00 19-07-07

1542 LEADWAY ASSURANCE COMPANY LIMITED FIRST ALUMINIUM NIGERIA PLC ACCIDENTAL DAMAGE/OWN DAMAGE 1,677,600.00 9-Aug-07
1543 CRUSADER LIFE INSURANCE LIMITED TREVI FOUNDATION NIGERIA LIMITED DEATH 1,676,235.00 2007
1544 Aiico INSURANCE PLC MOBIL COOP/UMOREN MALACKY MOTOR 1,676,066.46 OCTOBER, 2007
1545 ROYAL EXCHANGE ASSURANCE (NIG.) PLC MANDILAS ENTERPRISES LIMITED ACCIDENT 1,675,260.00 DECEMBER, 2007
1546 ROYAL EXCHANGE ASSURANCE (NIG.) PLC CAPPA &D’ALBERTO PLC WORKMEN COMPENSATION 1,674,864.04 DECEMBER, 2007
1547 GOLDLINK INSURANCE PLC SDV NIGERIA LIMITED FIRE 1,672,627.29 12/7/2007
1548 NICON INSURANCE PLC DAKATA ABDULLAH MOTOR 1,670,100.00 JULY, 2007
1549 Aiico INSURANCE PLC CHEVRON OIL/TEXACO THEFT (CASH IN TRANSIT) 1,668,798.00 APRIL, 2007
1550 ROYAL EXCHANGE ASSURANCE (NIG.) PLC WEMA BANK PLC THEFT (CASH IN TRANSIT) 1,667,150.00 JUNE, 2007
ITT DEATH 1,666,980.00 2007
1552 ZENITH GENERAL INSURANCE COMPANY LIMITED
MOBIL OIL NIGERIA PLC MARINE (SHORTAGE OF CONSIGNMENT ) 1,666,342.84 8/11/2007
1553 NEM INSURANCE PLC WEMA BANK/ALHAJI A. MOTOR 1,665,000.00 24-04-07
1554 GOLDLINK INSURANCE PLC STERLING BANK PLC/OSAS & OSEJI THEFT OF MOTOR 1,665,000.00 9/5/2007
1555 MUTUAL BENEFITS ASSURANCE PLC M / SALEH & CO. ACCIDENT DAMAGE 1,665,000.00 24-08-07
1556 STANDARD ALLIANCE INSURANCE PLC FATUNBI ABIOLA MOTOR 1,665,000.00 5/1/2007
1557 SOVEREIGN TRUST INSURANCE PLC MRS. OLUCHI GBINIJE ACCIDENT 1,664,000.00 2/3/2007
1558 CONSOLIDATED HALLMARK INSURANCE PLCLADY JOY MBAWUIKE MOTOR 1,660,500.00 18/11/2007
1559 UNITRUST INSURANCE COMPANY LIMITED LINA OIL MILLS LIMITED FIRE 1,657,500.00 21-09-07
1560 STANDARD ALLIANCE INSURANCE PLC MR. WALE ADELAJA/UBA PLC MOTOR 1,656,000.00 19-07-07
1561 LEADWAY ASSURANCE COMPANY LIMITED AL-DANIELS LTD. ACCIDENTAL DAMAGE 1,655,856.00 17-Sep-07
1562 NEM INSURANCE PLC NIGERIAN NATIONAL PETROLEUM CORPORATION
PERSONAL ACCIDENT 1,653,042.28 19-07-07
1563 ROYAL EXCHANGE ASSURANCE (NIG.) PLC AFRI AGRIC PRODCUTS LIMITED ACCIDENT 1,651,600.00 FEBRUARY, 2007
1564 INDUSTRIAL AND GENERAL INSURANCE PLC ECOBANK/BAYTIDE MOTOR 1,650,600.00 13-08-07
1565 INDUSTRIAL AND GENERAL INSURANCE PLC ECOBANK /BAYTIDE LIMITED MOTOR 1,650,600.00 13-08-07
1566 LASACO ASSURANCE PLC OYELADE TRANSPORT SERVICES ACCIDENT DAMAGE 1,650,000.00 12/4/2007
1567 SOVEREIGN TRUST INSURANCE PLC GWI VENTURES NIGERIA LIMITED ACCIDENT 1,650,000.00 23-06-07
1568 MUTUAL BENEFITS ASSURANCE PLC ORIENTAL LAND & SEA SERVICES ACCIDENT DAMAGE 1,644,730.00 27-12-07
1569 ROYAL EXCHANGE ASSURANCE (NIG.) PLC UNITED BANK FOR AFRICA PLC THEFT (CASH IN TRANSIT) 1,641,519.50 SEPTEMBER, 2007
1571 NEM INSURANCE PLC AUSINAN LIMITED MOTOR 1,640,250.00 4/7/2007
1572 EQUITY LIFE INSURANCE COMPANY LIMITEDSOVEREIGN TRUST INSURANCE PLC GROUP LIFE 1,638,000.00 16-08-07
1573 SOVEREIGN TRUST INSURANCE PLC CASH LINK FINANCE & INVESTMENTS ACCIDENT 1,638,000.00 16-02-07
1574 SOVEREIGN TRUST INSURANCE PLC HON. SOLOMON E. APPREALA THEFT 1,636,306.40 16-08-07
1575 INTERCONTINENTAL WAPIC INSURANCE PLCTOLU FAKOYA THEFT (ARMED ROBBERY) 1,635,000.00 12/11/2007
1576 CRUSADER LIFE INSURANCE LIMITED BDO OYEDIRAN FALEYE OKE & CO. SNR WELFARE SCHEME 1,633,334.37 2007
AERO CONTRACTORS (AUGUSTINE ASHESHE)
DEATH 1,624,764.00 2007
1578 LEADWAY ASSURANCE COMPANY LIMITED TRINITY CHURCH COUNCIL ACCIDENTAL DAMAGE/OWN DAMAGE 1,623,375.00 21-Sep-07
CMD (LAMBERT ABASITA) DEATH 1,623,225.00 2007
1580 NEM INSURANCE PLC UNITED PARCEL SERVICES MOTOR 1,620,000.00 21-08-07
1581 CRUSADER GENERAL INSURANCE LIMITED THE REDEEMED EVANGELICAL MISSION PRIVATE MOTOR 1,620,000.00 10/1/2007
1582 SOVEREIGN TRUST INSURANCE PLC MR. & MRS. KUNLE BOLODEOKU ACCIDENT 1,620,000.00 29-05-07
1583 LEADWAY ASSURANCE COMPANY LIMITED LAMBIC TECH. & GEN. SERVI THEFT 1,620,000.00 9-Jan-07
1584 LEADWAY ASSURANCE COMPANY LIMITED IFATUROTI ACTUAL TOTAL LOSS 1,620,000.00 1-Mar-07
1585 INTERCONTINENTAL WAPIC INSURANCE PLCIBRAHIM A. YELWA ACCIDENT 1,620,000.00 28-09-07
1586 LEADWAY ASSURANCE COMPANY LIMITED EKWUJURU IGNATIUS NJOKU THEFT 1,620,000.00 24-Apr-07
1587 LEADWAY ASSURANCE COMPANY LIMITED EGBERAMEN THEFT 1,620,000.00 19-Jul-07
1588 INTERCONTINENTAL WAPIC INSURANCE PLCCONTINENTAL TRANSFER TECH. ACCIDENT 1,620,000.00 27-08-07
1589 LEADWAY ASSURANCE COMPANY LIMITED AMUSA ACCIDENTAL DAMAGE/OWN DAMAGE 1,620,000.00 1-Mar-07
1590 GUARANTY TRUST ASSURANCE PLC ALICE ANYIM MOTOR 1,620,000.00 4/9/2007
1591 LEADWAY ASSURANCE COMPANY LIMITED ABUBAKAR THEFT 1,620,000.00 3-May-07
1592 CONSOLIDATED HALLMARK INSURANCE PLCA. I. ARUBALEZE MOTOR 1,620,000.00 9/8/2007
1593 CONSOLIDATED HALLMARK INSURANCE PLCHENSMOR NIGERIA LIMITED MOTOR 1,619,797.00 13-08-07
GMT NIGERIA LIMITED MARINE 1,619,660.04 19-07-07
1595 EQUITY ASSURANCE PLC NIGERITE LIMITED M OTOR 1,619,000.00 2/10/2007
1596 CUSTODIAN & ALLIED INSURANCE PLC PRICEWATERHOUSE COOPERS LIMITED MOTOR 1,617,928.54 19-02-07
1597 ROYAL EXCHANGE ASSURANCE (NIG.) PLC KOPEK CONSTRUCTION LIMITED THEFT (GOODS IN TRANSIT) 1,615,843.89 AUGUST, 2007
1598 NIGER INSURANCE PLC MR. MIKE EZEANA THEFT OF MOTOR 1,615,000.00 12/7/2007
FUB NIGERIA LIMITED ACCIDENT 1,613,346.60 18-*12-07
1600 CUSTODIAN & ALLIED INSURANCE PLC MTN NIGERIA COMMUNICATIONS LIMITEDMOTOR 1,612,957.50 5/2/2007
1602 LINKAGE ASSURANCE PLC GILTERS PETOLEUM & MKT. ACCIDENT 1,604,500.00 14-06-07
1603 MUTUAL BENEFITS ASSURANCE PLC MOSURO THE BOOKSELLERS LIMITED FIRE 1,601,734.39 16-06-07
1604 Aiico INSURANCE PLC KABAD NIGERIA LIMITED THEFT (CASH IN TRANSIT) 1,600,200.00 AUGUST, 2007
1605 LEADWAY ASSURANCE COMPANY LIMITED BAFANI ENGINEERING CO. L BONDS 1,600,000.00 1-Mar-07
1606 GUARANTY TRUST ASSURANCE PLC VERACITY PETROLEUM LIMITED ACCIDENT 1,591,920.00 5/12/2007
1607 GUINEA INSURANCE PLC GENERAL TELECOM PLC MOTOR 1,590,860.00 2/5/2007
1608 LAW UNION & ROCK INSURANCE PLC AVIS NIGERIA LIMITED MOTOR (OWN DAMAGE) 1,590,360.00 NOVEMBER, 2007
1609 INTERCONTINENTAL WAPIC INSURANCE PLCE. EKESONS BROS. NIGERIA LIMITED ACCIDENT 1,590,000.00 23-08-07
1610 CRUSADER LIFE INSURANCE LIMITED BRISTOW HELICOPTERS NIGERIA LIMITEDDEATH 1,588,597.00 2007
1611 ROYAL EXCHANGE ASSURANCE (NIG.) PLC I. H. S. NIGERIA LIMITED CONTRACTOR ALL RISK 1,588,094.00 SEPTEMBER, 2007

1612 ADIC INSURANCE LIMITED EIL TELECOM LIMITED FIRE 1,582,694.00 31-08-07
1613 LINKAGE ASSURANCE PLC MARGRET WITTE ACCIDENT 1,580,096.05 6/3/2007
1614 LEADWAY ASSURANCE COMPANY LIMITED AARVEE INVESTMENTS LIMITE FLOOD TYPHOON AND HURRICANE 1,577,486.70 12-Sep-07
1615 UNITRUST INSURANCE COMPANY LIMITED KHALIL & DIBBO NIGERIA TRASPORT THEFT (GOODS IN TRANSIT) 1,577,052.00 31-12—07
1616 ROYAL EXCHANGE ASSURANCE (NIG.) PLC BEAUTY BASE LIMITED FIRE PERIL 1,576,380.03 OCTOBER, 2007
1617 LAW UNION & ROCK INSURANCE PLC SKYE BANK PLC MOTOR (OWN DAMAGE) 1,575,112.50 JANUARY, 2007
FBN PLC / SOLOMON ODEYEMI THEFT 1,575,000.00 25-09-07
1619 REGENCY ALLIANCE INSURANCE PLC COLOUR IMAGE PUBLICITY LIMITED COLLAPSE OF BILL BOARD 1,575,000.00 30-11-07
1620 CONSOLIDATED HALLMARK INSURANCE PLC PETRONELLA NIGERIA LIMITED MOTOR 1,573,200.00 26-06-07
1621 ROYAL EXCHANGE ASSURANCE (NIG.) PLC VINA INTERNATIONAL LIMITED THEFT (CASH IN TRANSIT) 1,573,146.00 DECEMBER, 2007
1622 ROYAL EXCHANGE ASSURANCE (NIG.) PLC SIMS NIGERIA LIMITED ACCIDENT 1,572,500.00 DECEMBER, 2007
1623 ROYAL EXCHANGE ASSURANCE (NIG.) PLC FRIGOGLASS INDUSTRIES (NIGERIA) ACCIDENT 1,572,500.00 JUNE, 2007
1624 LEADWAY ASSURANCE COMPANY LIMITED INDUSTRIAL TRAINING FUND ACCIDENTAL DAMAGE 1,568,495.10 25-Jan-07
1625 GOLDLINK INSURANCE PLC AMIR TRADING COMPANY LIMITED THEFT (GOODS IN TRANSIT) 1,567,800.00 19-10-07
1628 NICON INSURANCE PLC AYM SHAFA CO. LIMITED THEFT (GOODS IN TRANSIT) 1,565,518.16 SEPTEMBER, 2007
1629 CUSTODIAN & ALLIED INSURANCE PLC FOLAWIYO ENERGY LIMITED PERSONAL ACCIDENT 1,565,382.14 18-09-07
1630 UNITRUST INSURANCE COMPANY LIMITED KHALIL & DIBBO NIGERIA TRASPORT ACCIDENT DAMAGE 1,564,200.00 31-12—07
1631 SOVEREIGN TRUST INSURANCE PLC OANDO PLC ACCIDENT 1,562,166.67 11/1/2007
1632 NIGER INSURANCE PLC OSMAN EL TAYES & BROS. LIMITED FRAUD 1,560,945.00 1/8/2007
1633 INTERCONTINENTAL WAPIC INSURANCE PLC SAME GLOBAL SYSTEMS LIMITED ACCIDENT 1,560,375.00 10/12/2007
GMT NIGERIA LIMITED MARINE 1,558,242.49 19-07-07
1635 UNITRUST INSURANCE COMPANY LIMITED JUBAILI BROTHERS ACCIDENT DAMAGE 1,550,000.00 31-12—07
1636 UNITRUST INSURANCE COMPANY LIMITED NIGER DELTA FLOUR MILLS ACCIDENT DAMAGE 1,539,000.00 31-12—07
1637 NEM INSURANCE PLC GTA/ENGINEERING MOTOR 1,539,000.00 12/3/2007
1638 NICON INSURANCE PLC FEDERAL POLY NASARAWA MOTOR 1,536,181.25 JULY, 2007
1639 LEADWAY ASSURANCE COMPANY LIMITED CONOIL PRODUCING LIMITED VANDALIZATION 1,532,565.00 9-Nov-07
1640 ADIC INSURANCE LIMITED ANNNING AND NOWAS GROUP LIMITED ACCIDENT 1,532,150.00 5/10/2007
1641 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC WORKMEN COMPENSATION 1,530,222.54 APRIL, 2007
1642 ROYAL EXCHANGE ASSURANCE (NIG.) PLC NIGERIAN BOTTLING COMPANY PLC WORKMEN COMPENSATION 1,530,222.54 MARCH, 2007
1643 GOLDLINK INSURANCE PLC MR. S. A. OLUGBEMIGA MOTOR 1,530,000.00 14-08-07
1644 LEADWAY ASSURANCE COMPANY LIMITED IBTC CHARTERED BANK PLC/C ACCIDENTAL DAMAGE/OWN DAMAGE 1,530,000.00 16-Jul-07
1645 NEM INSURANCE PLC CYBELE COSMESTIC MOTOR 1,530,000.00 14-03-07
CHIOMA AKUSOBA THEFT 1,530,000.00 21-09-07
1647 LEADWAY ASSURANCE COMPANY LIMITED IMOWO COMMUNITY BANK LIMI CASH-IN-PREMISES 1,527,121.40 19-Oct-07
1648 UNITRUST INSURANCE COMPANY LIMITED FISHERIES CONSULTANTS MARNE HULL 1,525,296.00 31-12—07
1650 MUTUAL BENEFITS ASSURANCE PLC AIKON LEASING & SERVICES FIRE 1,520,735.50 6/5/2007
1651 MUTUAL BENEFITS ASSURANCE PLC AIKON LEASING & SERVICES FIRE 1,520,735.50 6/5/2007
1652 INDUSTRIAL AND GENERAL INSURANCE PLC SPDC/TAIWO AGBAJE MOTOR 1,520,000.00 18-10-07
1654 GUARANTY TRUST ASSURANCE PLC DUNLOP NIGERIA PLC MOTOR 1,520,000.00 18-07-07
1655 LEADWAY ASSURANCE COMPANY LIMITED S C C (NIGERIA) LIMITED DAMAGE TO EXISTING PROPERTY 1,519,892.80 14-Aug-07
1656 SOVEREIGN TRUST INSURANCE PLC NEXTZONE BUSINESS SERVICE ACCIDENT 1,517,500.00 27-11-07
1657 NEM INSURANCE PLC MR. MOSES OLAJIDE MOTOR 1,516,200.00 6/7/2007
1659 CONSOLIDATED HALLMARK INSURANCE PLC F. SHOUR TRANSPORT WORKMEN COMPENSATION 1,514,772.00 5/3/2007
THE TRUSTEES OF FEDERAL COLLEGE OF EDUCATION, BENEFITS
KANO 1,513,370.25 10/9/2007
1661 GUARANTY TRUST ASSURANCE PLC SOCKET WORKS LIMITED MOTOR 1,513,029.37 3/7/2007
1662 CONSOLIDATED HALLMARK INSURANCE PLC IHITTE COMMUNITY BANK MOTOR 1,512,195.00 1/6/2007
1663 Aiico INSURANCE PLC MOBIL STAFF COOPERATIVE MOTOR 1,512,025.44 APRIL, 2007
1664 NEM INSURANCE PLC NEW APOSTOLIC CHURCH IN NIGERIA MOTOR 1,510,875.00 15-11-07
1665 LEADWAY ASSURANCE COMPANY LIMITED ACCIDENTAL DAMAGE
NIGERIAN NATIONAL PETROLEUM CORPORATION 1,510,500.00 27-Apr-07
MOBIL PRODUCING DEATH 1,506,836.25 2007
1667 CRUSADER LIFE INSURANCE LIMITED AIR LIQUIDE NIGERIA PLC MGT WELFARE SCHEME 1,506,604.67 2007
1668 LINKAGE ASSURANCE PLC NETCOM AFRICA ACCIDENT 1,506,426.00 29-03-07
1669 CONSOLIDATED HALLMARK INSURANCE PLC EUROFLOW DESIGNS LIMITED WORKMEN COMPENSATION 1,504,695.00 22-08-07
WEMA BANK DEATH 1,500,172.00 2007
TRUSTEES OF NIGERIA COPYRIGHT COMMISSION 1,500,000.00 16-03-07
1672 NICON INSURANCE PLC TRUSTEES OF ADVERTISING PRACTITIONERSWITHDRAWAL
COUNCIL OFBENEFITS
NIGERIA 1,500,000.00 16-03-07
1673 NICON INSURANCE PLC PEOPLES BANK OF NIGERIA WITHDRAWAL BENEFITS 1,500,000.00 28-05-07
NIGERIA INSTITUTE OF ADVANCED LEGAL STUDIES 1,500,000.00 28-05-07
1675 NICON INSURANCE PLC NIGERIA GALLERY OF ARTS WITHDRAWAL BENEFITS 1,500,000.00 28-05-07
1676 NICON INSURANCE PLC NIGERIA COPYRIGHT COMMISSION WITHDRAWAL BENEFITS 1,500,000.00 28-05-07
1677 NICON INSURANCE PLC NATIONAL THEATRE / NATIONAL TROUPE WITHDRAWAL BENEFITS 1,500,000.00 28-05-07
1678 NICON INSURANCE PLC NATIONAL TEACHERS INSTITUTE WITHDRAWAL BENEFITS 1,500,000.00 28-05-07
NATIONAL INSTITUTE OF CULTURAL ORIENTATION 1,500,000.00 28-05-07
1680 NICON INSURANCE PLC NATIONAL HUMAN RIGHTS COMMISSION WITHDRAWAL BENEFITS 1,500,000.00 28-05-07
1681 NICON INSURANCE PLC NATIONAL EXAMINATION COUNCIL (NECO) WITHDRAWAL BENEFITS 1,500,000.00 28-05-07
1682 NICON INSURANCE PLC NATIONAL BOARD FOR TECHNICAL EDUCATION,
WITHDRAWALKADUNA
BENEFITS 1,500,000.00 28-05-07
1683 NICON INSURANCE PLC KAURA MOTORS (NIG.) LIMITED MOTOR 1,500,000.00 NOVEMBER, 2007
1684 GOLDLINK INSURANCE PLC COOPWEST/LAWAL SAKIRU ADEBAYOMOTOR 1,500,000.00 9/3/2007
1685 NICON INSURANCE PLC CENTRE FOR BLACK ARTS & CULTURE
1686 NICON INSURANCE PLC ALEXANDER FORBES CONSULTING ACTUARIES
WITHDRAWALNIGERIA
BENEFITS
LIMITED 1,500,000.00 28-08-07

'TOTAL CLAIMS PAID BY INSURANCE COMPANIES IN 2005 - 2007
S/N NAME OF COMPANY 2005 2006 2007
1 A & G INSURANCE COMPANY LIMITED -

2 ADIC INSURANCE LIMITED 127,391,593.78 - 109,690,934.07
3 AFRICAN ALLIANCE INSURANCE 495,935,001.33
4 COMPANY LIMITED 87,791,353.48 2,083,643,711.35 438,357,255.10
5 Aiico INSURANCE PLC - -
6 ANCHOR INSURANCE COMPANY LIMITED - 1,216,973,298.00
7 CAPITAL EXPRESS INSURANCE 2,365,193,252.00 -
8 COMPANY LIMITED 1,013,275,551.25 811,302,615.00
9 CONSOLIDATED HALLMARK INSURANCE 11,152,154.00 1,415,866,964.68 -
10 PLC 159,712,982.13
11 CORNERSTONE INSURANCE PLC 49,778,295.76 369,410,276.00 176,106,556.89
12 CRUSADER INSURANCE PLC -
13 CRYSTALIFE ASSURANCE COMPANY 42,013,885.00 33,543,534.41 183,990,541.40
14 LIMITED - 806,847,576.17 -
15 CUSTODIAN & ALLIED INSURANCE PLC 126,764,992.78
16 EQUITY ASSURANCE PLC 793,455,933.60 - 1,931,079,748.52
17 GNI INSURANCE PLC - 2,130,107,831.56
18 GOLDLINK INSURANCE PLC 164,704,571.71 89,144,727.85
19 GUARANTY TRUST ASSURANCE PLC 276,807,248.00 542,795,913.08
20 GUINEA INSURANCE PLC 53,860,301.30 670,791,368.00
21 INDUSTRIAL AND GENERAL INSURANCE 251,197,560.55 -
22 PLC 166,329,790.89 432,012,822.37
23 INSURANCE PHB LIMITED 81,809,889.39 323,231,850.25 -
24 INTERCONTINENTAL WAPIC INSURANCE 1,972,036,613.45
25 PLC 378,990,825.37 704,537,192.93 754,314,710.33
26 INTERNATIONAL ENERGY INSURANCE -
27 PLC 58,464,090.00 208,780,209.13 365,009,095.94
28 INVESTMENT & ALLIED ASSURANCE PLC -
29 LASACO ASSURANCE PLC 2,483,104,985.60 26,194,574.08
30 LAW UNION & ROCK INSURANCE PLC 3,032,077,426.14 37,654,674.54
31 LEADWAY ASSURANCE COMPANY 214,596,983.07 3,545,159,675.58
32 LIMITED 90,828,386.87 -
33 LINKAGE ASSURANCE PLC 429,775,908.00 141,724,571.73
34 MUTUAL BENEFITS ASSURANCE PLC 500,897,980.45 36,527,052.65
35 NEM INSURANCE PLC 1,154,363,463.02 639,494,664.94
36 NICON INSURANCE PLC 19,206,499.28 299,521,043.19
37 NIGER INSURANCE PLC 245,989,239.87 120,939,727.66
38 NIGERIAN AGRICULTURAL INSURANCE 17,375,730.83 186,296,503.51
39 CORPORATION - 12,351,387.00
40 OASIS INSURANCE PLC 105,289,380.35 -
41 OCEANIC INSURANCE COMPANY LIMITED 33,921,489.26 241,054,395.91
42 PRESTIGE ASSURANCE PLC 318,378,390.20 257,001,000.00
43 REGENCY ALLIANCE INSURANCE PLC 215,933,768.89 427,073,962.04
44 ROYAL EXCHANGE ASSURANCE (NIG.) 1,168,775,620.50 553,034,806.00
45 PLC - 3,416,459,050.00
46 SOVEREIGN TRUST INRANCE PLC 280,530,564.44 -
47 SPRING LIFE ASURANCE PLC 252,492,137.42 295,938,074.86
STACO ASSURANCE PLC 115,169,157.38
STANDARD ALLIANCE INSURANCE PLC 19,171,597,919.42 194,814,457.41
'TOTAL CLAIMS PAID BY CLASS OF BUSINESS FROM 2005 - 2007

MOTOR FIRE GENERAL MARINE, AV W.C & EMPL. MISC. OIL & GAS LIFE PENSION TOTAL
ACCIDENT & TRANSP. LIABILITY
YEAR =N= =N= =N= =N= =N= =N= =N= =N= =N= =N=
2005 2,593,864,975.70
1,757,625,968.341,459,225,958.36752,783,405.86 295,772,528.30 626,401,389.72 - 1,354,726,570.02
8,728,088,692.42
17,568,489,488.72
2006 2,765,401,943.57
1,461,336,401.492,331,493,428.02
1,075,322,398.77 272,846,208.71 583,269,404.86 - 2,967,714,016.67
7,714,214,117.33
19,171,597,919.42
2007 5,066,097,310.37
1,221,868,159.593,033,204,053.47
1,694,887,261.29 498,444,888.83 669,325,887.31
102,419,998.00 3,368,880,093.82
13,275,898,252.01
28,931,025,904.69

Consolidated Hallmark
Advert
Discourse

APPLICATION OF LIFE TABLES AND COMPOUND INTEREST
IN CONSTRUCTION OF ANNUITY RATES
By
Dr. Femi Oyetunji, FIA
1. LIFE TABLE Example 1
What is Life table? Px qx
Age (x) lx dx
In actuarial science, a life table (also called a mortality
table or actuarial table) is one which shows, for a person 40 100,000.00000 118 0.99882 0.00118
at each age, what the probability is that he or she dies 41 99,881.99988 120 0.9988 0.0012
before his or her next birthday. 42 99,762.09976 123 0.99877 0.00123
43 99,639.39964 124 0.99876 0.00124
From the above basic table, one can also derive other
44 99,515.79952 125 0.99874 0.00126
information such as the probability of a person living any
number of years from his present age, or simply, life 45 99,390.39939 127 0.99872 0.00128
46 99,263.19926 - - -
expectancy.
• To derive d41 which is the number of people who die between age 41 and 42,
There are several life tables developed for certain groups we say
of lives over a certain number of years. For example, for
any given population, or group of lives, the life table for • Px =1x- 1x+1
men is likely to be different for women, for policyholders P41 =141-142
who have bought annuity products is likely to be different
for policyholders who have bought, say, term assurance. =99,882- 99,762
Other characteristics can also be used to distinguish d41=120

different risks such as smoking status, occupation, socio-
economic class and others. • Px =1x+1 P/1x
P45 =146/145
2. BASIC Mathematics of Life Tables
The following are standard definitions of some basic =99,263/99,390
information that can be obtained from a life table.
p45 =0.9987
• 1x: the number of people who survive to age x
where 10 can be taken to be the number of lives (of • To derive q45, we simply say, 1-0.9987= 0.0013
the group under study) given birth to at the start of
the period of study. 3. COMPOUND INTEREST
Compound interest is the concept of adding accumulated
• qx: the probability that a life aged exactly x will die interest back to the principal such that interest is earned on
before his/her (x+l)th birthday. interest from that moment on. The act of declaring interest
to be principal is called compounding (i.e., interest is
• Px: the probability of a life aged exactly x surviving compounded)
to age (x+1).
For example, where an amount, say, P is invested at a
• dx: the number of people who die between ages x compound interest of, say, i% per annum for, say, n years,
and x+1. This is equal to the number of people then both the principal amount P and the earned interest at
surviving to age x, minus the number of people the end of any given year, earn interest of i in the
surviving to age x+1. subsequent year.
dx = 1x - 1x+1, .It should be noted that the probability of Let St be the accumulated amount at the end of year t.
dying in any given year = 1 - probability of surviving that Accumulation at the end of the year is as follows.
year
qx = 1 - px Amount at the end = Amount at the beginning + interest on
tpx: the probability that a life aged exactly x will survive principal (amount at the beginning x interest rate)
for t more years, i.e, live up to at least age x+t years
tPx = 1x+t 1x Following the above trend, then
Sn =P (1+i)n

P = Sn / (1+i)n For the series of the cashflow above, interest rates still
being 10% per annum, the premium "P", ignoring
P = Sn x Vn (where V =1/(1+i) ) expenses, taxes, insurer's profit and other contingencies
that ABC Insurance should charge Mr Dele so that the
• P is said to be the present value of the amount Sn which agreed payments can be made to him at the said times can
will be realized in n years' time using an interest\ be obtained as follows.
(discount rate) of i% per annum
P = S1xV1 + S2xV2 + S3xV3 + .... + SnxVn
• Put in another way, if a policyholder will certainly (i.e
not contingent on any condition/event) be given S1= Nl 00,000, S,= N105,()00, S,=N1 10,250, S4=
an amount of Sn by an insurer at the end of n years at a N115,763, S5= N121,551
guaranteed interest rate of i% per annum, then I=10%
ignoring expenses, taxes, insurer's profit and other
contingencies, the premium that the policyholder P=100,000(1+0.10) A (-1)+105,000(l+0.10) / "(-2)+1
should be charged is P. 10,250(1+0.10) / v (-3)+115,763(l+0.1on-4)+121,551
(l+().l())A(-5)
Example 2
An amount N285, 564,989 is to be paid to Mr Dele at the = 90,909.09 + 86,776.86 + 82,832.46 +79,067.69 +
end of 5 years by ABC Insurance, at a guaranteed interest 75,473.61 = N4 15,059.70
rate of 10% per annum . The premium "P" to be charged
ignoring expenses, taxes, insurer's profit and other 4. EXPECTED VALUES
contingencies, can be calculated as below. Where an item, payment for example, has possible values
say X1, X2, X3 and X4 and the probabilities of each value of
P = Sn / (1+i)n occurring are P1, P2, P3 and P4 respectively, the expected
value of the payment is given by:
P =?, Sn= N285,564,989, i=10%, n=5 years
Expected Value (EV) = X1.P1 + X2.P2 + X3.P3 + X4.P4
5
P = N285,564,989/(1+0.10)
Example 4:
= N 177,313,390.79 If the probabilities that an insurer will make, at a given
time, no payment, payments of N1000, N2000 and N3000
Present value can also be found for a series of cashflow. to an insured are 0.25, 0.4, 0.15, 0.2 respectively, then the
For example, if a pollcyholder will be given an amount expected value of the payment to be made by the insurer at
S, at the end of year 1, S2, at the end of year 2,..., Sn at the that given time is
end of year n, then the present value for the premium
ignoring items mentioned above for this series of EV = 0 x 0.25 + 1000 x 0.4 + 2000 x 0.15 + 3000 x 0.2
cashflows is = 0 + 400 + 300 + 600
= N1300
P = S1xV1 + S2xV2 + S3xV3 + .... + SnxVn
5. CONSTRUCTION OF ANNUITY RATES
Example 3 Types of Annuities
Assuming ABC Insurance of our previous The following are some basic classification of annuities
illustration will be making payments to Mr Dele at the
end of each of the five years in this form as shown ^ Single/joint life
below ^ Immediate/deferred
Years Sum Assured ^ With/without profits
^ Level/increasing annuities
1 N100,000
2 N105,000 Construction of Rates

3 N110,250 The two basic methods of constructing annuity rates for a
4 N115,763 given age are
5 N121,551

— Traditional method Assuming the annuity table used by ABC Insurance
— Cashflow techniques gives a4,= 6.395043
Assumptions (or premium basis), which will be P= 1000 a41+0.28P

discussed in later section regarding future experience
will have to be made under each method. P-0.28P=100f)a41
6. TRADITIONAL METHOD 0.72P=1000a41
Unlike the present values mentioned under compound P= 1000a41+0.28P

interest, present value of each cashflow is multiplied by
the probability of that cashflow occurring. P-0.28P=1000a4,
For annuities involving two lives, for example man and 0.72P=1000a41
wife, the probabilities used for any cashflow are the
P=100()a41/0.72
probabilities of those two lives being in the states that
warrant that cashflow occurring.
P=l,388.889a4l
• In the case of immediate annuities, a single premium As assumed above, a41= 6.395043
is paid for the annuity payments so the present value
of the premium is the single premium.
P= 1,388.889 (6.395043)
• Where multiple premiums are paid during deferment
P=N8,882.004
period in deferred annuities, the probabilities of
receiving those premiums are factored in in arriving at
Advantage of method
the present value of premiums.
• Easier to calculate
Example 4
Disadvantages of method
Still with ABC Insurance and Mr Dele, ABC
• Makes no direct allowance for withdrawals or
Insurance agrees to pay N1000 at the end of each year for
alterations to paid up (which are possible in deferred
the rest of Mr Dele's life. Mr Dele is 41 years old. The
annuities)
following are the assumptions for the calculation of the
premium:
• It cannot easily accommodate variable interest rates
• Interest rate (net of taxes) :10%
• It ignores the impact of reserving requirements and
• Expenses : 6% of premium
solvency margins.
• Contingency: 4% of Premium
• Profit margin: 8% of Premium
7. CASHFLOW TECHNIQUES
• Commission: 10% of premium
This method can easily cope with withdrawals (which
can, for example, occur during the deferment period of
Calculate the premium "P" to be charged to Mr Dele
deferred annuities), variable mortality and interest rates,
and with the impact of reserving and solvency
P= 1000 VP41+ 1000 V22P41 +1000 V33P41 requirements
+.......................+ 1000
Cashflow techniques allow the actuary/insurer to
V6363P41+0.06P+0.1P+0.04P+0.08P measure the profitability of the annuity business in terms
of a return on investment, and also to investigate whether,
P=1000 (VP41+ V22P41 + V3,P41 +.......................+ and to what extent, the annuity rates are sensitive to
63
V 63P41)+0.28P changes in the assumptions made about future experience
63 By combining cashflow projections for its entire portfolio

Let ax = Vp41 + V22P41 + V33P41 +.......................+ V P
63 41 of (annuity) business, and by including projections of
future new business, an insurer can model its financial

future new business, an insurer can model its financial standard tables for annuities are a(55) and PA(90) which,
progress, thus monitoring, among others, its capital though, are for certain groups of UK population can be
requirements and profitability, thereby assisting in its adjusted to suit the Nigerian insurance industry
overall financial management
Since there is general mortality improvement due to,
An example of a cashflow technique is a proft testing among others, medical advances there is the need to factor
approach where expected profit arising at the end of each in this mortality improvement since improvement would
time period is obtained from cashflows in that period give rise to increased costs to the insurer
Profit testing is used, among others, to find the premium Expenses

rates that arc needed to achieve a given profit criterion,
which can be expressed in terms of the discounted value The expenses include:
of future profits
Cost of developing the annuity product
Cashflow techniques can be used to set annuity rates or Sales and marketing expenses including commission
can be used to test premium rates obtained from the Investment expenses
traditional method Annuity payment expenses
And other company overheads
8. ANNUITY RATES BASIS Other considerations include
The main assumptions concerning future experience Marketability
when constructing annuity rates are Competition
Distribution channel to be used
Interest rate Cost of reinsurance, if it would be reinsured
Mortality/ longetivity
Expenses 9. CALCULATION OF ACTUAL PREMIUM
Taxation Premium rates could be given as per 1000 Naira annuity
Withdrawals (during deferment period in the case of payments
deferred annuities)
Average annuity payment In such case, actual premium to be charged for a policy
Volume of business holder who requires an annuity payment of y Naira is
Interest rate given by
This assumption should be guided by long term rate of Premium - (y * rate /1000) + policy fee
return that could be earned on investment of funds.
In the case of cashflow techniques, variable interest rates

can also be used
Under profit testing the profits could be discounted at a

rate (called the hurdle rate or risk discount rate) which
could be different from the interest rate earned on
cashflows. The risk discount rate is the interest rate the
company feels is equivalent to market rate for investment
in comparable risk
Mortality/ Longetivity
Where credible and relevant data exists, a mortality table

for the insured group (or target group) would have to be
developed and used to obtain the premium rates
Where above such data does not exist, judgement would

have to be made to modify a standard table. Examples of

MICRO INSURANCE
By
Tunde Thomas, Esq.
It has been reported that there is low insurance monetary payments (known as premiums)
penetration in Nigeria and statistics has confirmed that proportionate to the risks brought into the pool.
insurance gap in the nation is put at 94%.
Micro insurance will be an avenue to increase insurance
penetration in Nigeria if the vision is shared by insurance
The insurance industry has recognized the need to
providers and supported by the regulatory authority. I am
improve insurance penetration in the nation so that the
in no doubt that National Insurance Commission will
contribution of the sector to the nation's GDP can
support any insurance company that has the lofty ideas
improve.
of bringing insurance to the domain of the poor.
There is no doubt that the population of Nigeria is over What risks are covered by Micro Insurance?
140million and the saying that there is strength in size is Micro-insurance schemes can cover various risks such
yet to be felt by the sector compared to the as life, health, Agriculture and property
performances of the communication sector.
1. Life micro-insurance (and retirement savings
A way out is the need for insurance to be sold at the
grass root, that is, the rural area and that will lead us to plans). It provides coverage against the
the discourse on Micro Insurance. financial consequences of old age or of the
death of a breadwinner.
Some believed that insurance low penetration in the 2. Health micro-insurance provides coverage
rural area is because they (rural people) are poor and against the financial consequences of ill health
cannot afford insurance premium but the landmark and maternity.
achievement in revenue generation in the rural area by
the communication sector is a challenge to the 3. Disability micro-insurance provides coverage
insurance industry as the bull has to be taken by the against the financial consequences of disability,
horn. whether temporary or permanent, depending
on the contract. Disability is called temporary
when the physical loss is reversible and lasts for
Micro-insurance refers to insurance characterized by a limited period of time.
low premium and low benefits or low coverage limits,
4. Property micro-insurance (assets, housing) it
sold as part of a typical risk-pooling and marketing
provides indemnity against the financial
arrangements, and designed to service low-income
consequences of the damage or loss of
people and businesses not served by typical
personal assets, work premises and tools (e.g.
commercial insurance schemes.
micro-insurance against fire, theft of
It is the insurance for the poor. The poor, day in day out belongings)
are faced with risks that threaten their existence as well
5. Crop micro-insurance provides a financial
as their effort to get out of poverty.
compensation in the case of crop failure due to
The death of a family member, loss or damage to uncontrollable adverse events (e.g., drought,
property as well as destruction of farm land and crop pest).
livestock may bring about serious financial loss to that
6. Livestock micro-insurance provides financial
family and in order to protect such family against such
compensation for livestock's death or diseases
losses, micro insurance is the best handy mechanism
to do such. Micro insurance relevance
Therefore micro insurance is a financial mechanism Is micro insurance relevance in Nigeria?
(pooling of funds) for the protection of low-income
Yes it is, because the poor are faced with numerous risks
people against specific perils in exchange for regular

and commercial insurance is very far from their reach, clients, while the agent retains all responsibility
commercial insurance is available abundantly in the for design and development. In this model,
towns and are not seen at all in the rural areas and the micro-insurance schemes benefit from limited
people are faced with similar and more risks risk, but are also disadvantaged in their limited
For ease of reference, some of the risks faced by the control.
rural people are and not limited to Full service model
 Natural risks such as drought, flood, erratic The micro-insurance scheme is in charge of
rain, crop pests, fire that can cause loss of everything; both the design and delivery of
assets including loss of work premises and products to the clients. This model has the
tools. advantage of offering micro-insurance schemes
 Environmental risks such as problems full control, yet the disadvantage of higher risks.
associated with deforestation, pollution. Provider-driven model
 Health risks such as sickness, child delivery, The provider is the micro-insurance scheme,
epidemics. and similar to the full-service model, is
 Life-cycle risks such as old-age and death. responsible for all operations, delivery, design,
and service. There is an advantage once more
 Economic risks such as unemployment, in the amount of control retained, yet
business or harvest failure, loss of assets, disadvantage in the limitations on products and
death of livestock. services.
 Insufficient public services (e.g., a lack of Community-based/mutual model
health care facilities or inappropriate public
health care policy) The policyholders or clients are in charge,
managing and owning the operations, and
 Social and political risks such as crime, theft working with external providers to offer services.
and related loss of assets, gang activity, This model is advantageous for its ability to
kidnapping. design and market products more easily and
effectively, yet is disadvantaged by its small size
and scope of operations.
Micro-insurance delivery models
One of the greatest challenges for micro-insurance is
the actual delivery to clients. Methods and models for Capitalization & Micro Insurance
doing so vary depending on the organization, With recapitalization of the insurance industry, there is
institution, and provider involved. opportunity for the insurers to invest in research and
In general, there are four main methods for offering develop micro insurance products and with appropriate
,
micro-insurance the partner-agent model, the provider- educational campaign support by advertisement, a new
driven model, the full-service model, and the market will be created and a consequent improvement in
community-based model. Each of these models has the insurance sector contribution to the gross domestic
their own advantages and disadvantages. product of the nation.
Employment opportunity
Partner agent model Micro insurance requires personal selling at the rural
A partnership is formed between the micro- levels and to do this adequately, manpower is required, a
insurance scheme and an agent (insurance number of unemployed youth would be gainfully
company, microfinance institution, donor, etc.) employed and this may lead to the minimization if not
The micro-insurance scheme is responsible for total eradication of social miscreants and local crimes.
the delivery and marketing of products to the Also, the agency arm of the sector may experience a

paradoxical growth and possible more income for and this may create some mistrust towards insurance in
broking arm. the villagers as after paying initial or few follow-up
premiums the insured either forgets or could not pay the
installments and the policy lapses.
Retail Insurance
If a claim is then made on the lapsed policy he gets
The retail market may begin to experience expected
nothing. This will create distrust of insurance in rural
growth that will bring about insurance penetration in
areas. So when ever the idea of venturing into the rural
Nigeria and consequently play an important role in our
areas for micro insurance is taken up these factors
daily life in the form of personal lines insurances
should be fully considered
There is no better time for insurance providers in Nigeria
to consider insurance services in rural areas. This
Conclusion
scheme required a major reorganization of the
The use of insurance as an economic instrument at the
insurance delivery system of the country but has the
rural level will go a long way in the mitigation of losses
potential to provide the mechanism to achieve quality
and provision of financial assistance to the poor and
improvement in providing insurance services for both
invariably raising their living standard.
urban and rural areas.
It provides link for multiple small units into larger
Since majority of our population lives in villages and
structures thereby creating network and enhancing
including them in the insurance portfolio will give us both
insurance functions and the creation of platform for
- large number of insured and wide spread. These two
premium revenue generation which may lead to
factors are important for the success of micro insurance.
investment and provision of funds for development of
CHALLENGES the real sector.
LARGE NUMBER OF INSURED/SALES FORCE
References
The number of insured persons must be large so that the
Churchill, Craig, Dirk Reinhard and Zahid Queresh “
portfolio will be spread all over the country and reaching
Making Insurance Work for the poor ' Munich Re
to all these people will require large field force, to
Foundation January 2006
administer the policy, monitor the claims and to counter
moral hazards, adverse reaction etc will require close Churchill, Craig et “ Protecting the poor; a micro
observation and this all will cost and when transferred to insurance compendium” International labour office
insured will make the premium un affordable. November 2006
Roth, Jim, Micheal McCord and Dominic Liber “ The
LONG TERM PRODUCTS landscape of micro insurance in the world's 100 poorest
Life insurance, which is long term, would have to reach countries “ Micro-insurance Center May 2007
too many villages of the country through their field force

Operating
Performance of
Life Companies

LIFE INSURANCE COMPANIES OPERATING AS AT DECEMBER, 20
The number of registered direct Insurance companies carrying on Life Insurance

business in Nigeria stand at 26 as at December 31st 2008.
There are 7 (seven) specialist life underwriting companies in Nigeria and they
are: African Alliance Insurance Company Limited, Standard Alliance Life
Assurance Co. Ltd., Capital Express Assurance Co. Ltd., UBA Metropolitan
Insurance company Limited, Crystalife Assurance Company Limited, Spring Life
Assurance Plc. and Unic Insurance Plc. The others are composite in nature, that
is, their portfolio consists of both life and non-life business.
Statistical returns received from 27member companies on life business for the
year 2007 revealed a Gross premium Income of N15.8 billion compared to
N12.79billion generated in 2006. The total life fund decreased from N17.5 billion
in 2006 to N12.6 billion as at the end of 2007, representing an decrease of 28%
The Life Offices Committee (LOC), is a technical organ of the Nigerian Insurers
Association. The committee, meets frequently to discuss matters affecting life
assurance business. Workshops, seminars and symposia are organized by this
committee from time to time for the benefit of its members.
Membership is composed of all life underwriting companies in the country.

LIFE INSURANCE PREMIUM INCOME FOR 2007
2005 DEDUCT: PREMIUM FOR LIFE FUND

DIRECT ACCEPTED ACCEPTED GROSS CEDED: MANAGEMENT INVESTMENT NET
REINS. OWN END OF THE NET
BUSINESS LOCALLY ABROAD PREMIUM LOCALLY ABROAD ACCOUNT YEAR CLAIM EXPENSES INCOME COMMISSION
S/NO. NAME OF COMPANY 000 000 000 000 000 000 000 000 000 000 000 000
1 ADIC LIFE INSURANCE LIMITED 58,470 - - 58,470 961 - 57,509 96,433 23,373 60,690 29,526 4,811
2 AFRICAN ALLIANCE INSURANCE CO LIMITED 667,701 - - 667,701 3,347 - 664,354 286,112 408,920 301,464 450,965 -
3 AIICO ASSURANCE PLC. 2,655,670 - - 2,655,670 86,175 - 2,569,495 1,530,631 263,920 126,202 - 590,730
4 CAPITAL EXPRESS INSURANCE CO. LIMITED 1,376,788 - - 1,376,788 14,668 - 1,362,120 993,945 195,348 374,298 62,500 111,808
5 CORNERSTONE LIFE ASSURANCE LIMITED 144,562 - - 144,562 32,301 - 112,261 51,946 37,590 96,478 236,376 58,635
6 CRUSADER LIFE INSURANCE CO. LIMITED 1,098,781 - - 1,098,781 180,423 - 918,358 302,702 3,216,734 173,038 854,493 65,307
7 CRYSTALIFE ASSURANCE CO. LIMITED 563,821 - - 563,821 45,243 - 518,578 328,591 147,589 219,892 61,508 60,778
8 GNI LIFE ASSURANCE LIMITED 140,177 - - 140,177 - - 140,177 124,853 357,568 174,733 167,825 13,986
9 GOLDLINK LIFE ASSURANCE CO LIMITED 441,273 - - 441,273 - - 441,273 322,441 232,865 68,400 49,846 89,284
10 GT LIFE ASSURANCE LIMITED 283,228 - - 283,228 73,172 - 210,056 90,258 64,392 181,079 120,704 31,224
11 SPRING LIFE ASSURANCE PLC 434,117 - - 434,117 196 - 433,921 163,546 - 221,592 154,976 -
12 IGI LIFE INSURANCE CO. LIMITED 1,678,096 - - 1,678,096 167,575 - 1,510,521 2,648,266 207,699 857,823 350,616 285,005
13 INTERCONTINENTAL LIFE INSURANCE PLC. 450,202 - - 450,202 217,956 - 232,246 265,427 - - - -
14 LASACO LIFE ASSURANCE LIMITED 434,640 - - 434,640 - - 434,640 283,565 47,489 12,653 3,985 30,082
15 LEADWAY LIFE ASSURANCE CO. LIMITED 1,161,225 - - 1,161,225 52,610 - 1,108,615 561,312 514,405 232,519 349,988 16,729
16 MUTUAL BENEFITS LIFE ASSURANCE PLC 545,615 - - 545,615 - - 545,615 65,495 81,014 68,998 39,860 77,103
17 NICON ASSURANCE PLC n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
18 NIGER LIFE INSURANCE PLC. 1,384,639 - - 1,384,639 20,608 - 1,364,031 1,185,415 156,550 756,278 571,960 -
19 OASIS INSURANCE PLC 5,630 - - 5,630 - - 5,630 9,100 18,774 2,869 6,791 391
20 OCEANIC LIFE ASSURANCE LIMITED 351,501 - - 351,501 - - 351,501 64,011 465 105,176 81,749 -
21 ROYAL PRUDENTIAL LIFE ASSURANCE PLC. 417,516 - - 417,516 - - 417,516 820,372 362,990 563,116 479,922 52,885
22 STANDARD ALLIANCE LIFE ASS. CO. LTD. 455,470 - - 455,470 6,126 - 449,344 228,611 59,608 344,668 103,431 17,272
23 UBA METROPOLITAN LIFE INS.. LIMITED 286,435 - - 286,435 47,565 - 238,870 132,614 64,051 492,259 209,663 24,325
24 UNIC INSURANCE PLC 111,416 - - 111,416 - - 111,416 106,101 16,317 138,864 78,264 7,943
25 UNION LIFE ASSURANCE CO. LTD. 487,997 - - 487,997 167,754 - 320,243 558,612 65,004 59,728 65,767 37,244
26 UNITRUST INSURANCE CO. LIMITED 2,145 - - 2,145 - - 2,145 100,180 10,272 - 2,593 -
27 ZENITH LIFE INSURANCE CO.LTD. 146,000 - - 146,000 26,111 11,068 108,821 28,233 7,433 70,969 68,141 4,955
TOTAL 15,783,115 - - 15,783,115 1,142,791 11,068 14,629,256 11,348,772 6,560,370 5,703,786 4,601,449 1,580,497

INCOME OF LIFE INSURANCE COMPANIES (2003 - 2007)
There are two main sources of income for life thus reducing the cost of life assurance cover.
insurance companies and the income from these
sources are closely related. The income of life assurance companies which stood
at N13.0 billion as at 2003 increased to N21.2 billion at
One of the sources is premium paid by policyholders the end of 2007. The trend show a growth in the
while the other is earning on investments. When income of life underwriting companies. Direct premium
premiums are paid, part of such, are invested in increased from N12.74billion in 2006 to N15.8billion in
various investment channels available in the nation’s 2007. It is important to note that direct premium for
economy as provided in the Insurance Act, 2003. both 2006 and 2007 comprises of Secured
Funds/Deposit Administration schemes managed by
The investment earnings anticipated are taken into Life Offices.
account in the calculation of life premiums
(=N= BILLIONS)
25
20
15
10
-
2003 2004 2005 2006 2007
DIRECT ACCEPTED ACCEPTED REAL

INTEREST DIVIDENDS TOTAL
PREMIUM LOCALLY ABOARD ESTATE
’000 ’000 ’000
’000 ’000 ’000 ’000
2003 10,126,386 - - 743,995 1,105,758 1,045,264 13,021,403
2004 12,193,787 - - 814,732 1,210,880 1,144,648 15,364,047
2005 12,700,215 - - 894,576 1,329,546 1,256,824 16,422,985
2006 12,742,666 - - 1,118,220 1,661,933 1,571,030 17,093,849
- -
2007 15,783,115 1,397,775 2,077,416 1,963,788 21,222,094

COMPARATIVE STATISTICS OF PREMIUMS, CLAIMS AND MANAGEMENT
EXPENSES FOR LIFE INSURANCE COMPANIES (2003-2007)
The table below shows the analysis of premiums, net Management expenses include underwriting expenses,
claims due and management expenses in life insurance salaries, rent and others, excluding commission to
business for five consecutive years. agents.
The premium include single, first year renewal premium A total of N14.6billion was generated as net premium for
with the inclusion of various amount collected on Deposit 2007 compared to N11.3billion in 2006. The Net claims
administration schemes / secured funds between 2003 due increased from N3.28billion in 2006 to N6.56billion
and 2007. Payment under death, maturity and in 2007 while management expenses increased from
supplementary policies less reinsurance recoveries plus N3.6billion in 2006 to N5.7billion in 2007.
outstanding claims, give net claims due.
NET MANAGEMENT CLAIMS EXPENSES

YEAR PREMIUM CLAIM DUE EXPENSES RATIO RATIO
‘000 ‘000 ‘000 % %
2003 9,360,913 2,838,641 3,733,777 30.32 39.89

2004 11,763,338 5,178,083 4,654,059 44.02 39.56
2005 11,900,850 4,049,380 5,326,613 34.03 44.76
2006 11,332,892 3,284,993 3,621,404 28.99 31.95
2007 14,629,256 6,560,370 5,703,786 44.84 38.99
REINSURANCE TRANSACTIONS IN
LIFE INSURANCE COMPANIES (2003 - 2007)
The table shows that written premium decrease from N11.3 billion in 2006 to N14.6 billion in 2007.
RATIO OF RATIO OF RATIO OF

LOCAL LOCAL OVERSEAS
ACCEPTANCE CESSION CESSION
YEAR WRITTEN LOCAL LOCAL OVERSEAS TO WRITTEN TO WRITTEN TO WRITTEN
PREMIUM ACCEPTANCE CESSION CESSION PREMIUM PREMIUM PREMIUM
‘000 ‘000 ‘000 ‘000 % % %
2003 9,360,913 - - 765,473 - - 8.18

2004 11,763,338 - 430,449 - - 3.66 -
2005 11,900,850 241,825 1,041,190 - 2.03 8.75 -
2006 11,332,892 - 1,409,774 - - 12.44 -
2007 14,629,256 - 1,142,791 11,068 - 7.81 0.97

GROWTH OF LIFE INSURANCE FUNDS OF MEMBER
COMPANIES (1998-2007)
Life insurance funds represent the reserves set aside to meet the interest earnings and expected mortality experience of the
companies’ future obligations to policyholders and those deriving aggregate company’s policy.
title from them.
Since the fund is the security of the life policyholders, it is a liability
The Insurance Act 1, 2003 requires every insurer to maintain a fund item in a company’s annual accounts.
sufficient enough to ensure payment of all policy obligations as they
The table below consists of the aggregate of ordinary life and
fall due.
pension funds for 2007 as against 2006.
The amount of the funds should not be less than the mathematical
The total value of the fund as at the end of 2007 stood at N11.3billion
reserves, an amount calculated on an actuarial basis taking into
as against N17.5billion in 2006.
consideration the anticipated future premiums, assumed rate of
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
NO. COMPANY ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO ‘OOO
1 African Alliance Ins. 349,149 396,022 468,187 5,726,141 809,086 204,888 171,903 835,549 286,112 286,112
2 ADIC Insurance 10,179 28,033 36,648 44,651 - 74,302 73,557 - 50,901 96,433
3 African Prudential 9,400 10,400 11,000 13,000 16,100 18,583 - 22,912 - -
4 Alliance & General Ins. 63,786 112,082 138,067 159,277 157,595 - 106,613 291,857 303,740 -
5 AIICO Insurance Plc 2,217,525 2,228,752 2,374,606 2,773,327 3,711,687 4,592,700 4,592,700 1,213,826 1,291,298 1,530,631
6 Standard Alliance Insurance - - - - - - - - 40,876 -
7 Anchor 7,395 7,860 12,754 - - 12,072 7,769 2,481 52,797 -
8 BAICO 127,247 - - - - - - - - -
9 Central 67,510 170,458 628,877 29,254 8,077 588,253 725,475 877,092 - -
10 Confidence - 31,843 24,091 - - - - - - -
11 Crusader Ins. (Nig.) Plc 510,608 131,151 821,206 1,166,882 1,778,442 2,646,915 3,480,055 3,918,987 243,993 302,702
12 CrystaLife Ass. - 3,302 5,856 8,917 42,768 57,853 70,113 91,109 164,899 328,591
13 Union Ass. - 1,227 5,049 15,182 - - 81,640 132,630 281,172 558,612
14 ELMAC Assurance 750 - 21,013 143,814 - 115,523 121,267 (75,524) - -
15 Unitrust Insurance Co. Ltd. - - - - - - - 63,974 117,850 100,180
16 Great Nigeria - 820,510 808,617 723,823 810,114 723,843 752,843 335,476 252,980 124,583
17 Guinea 10,491 - 17,131 11,614 11,768 44,079 2,831 261,413 17.934 -
18 Hallmark Assurance Plc 558,918 8,551 15,233 23,616 23,591 28,311 30,870 41,663 - -
19 Industrial & General Ins. 1,974 1,265,836 505,465 995,600 1,362,477 1,362,477 2,276,180 2,828,317 2,505,942 2,648,266
20 UnityKapital Assurance - 17,577 18,828 - 53,263 38,350 70,318 75,430 80,884 -
21 Presidential Insurance Co. Ltd. - - - - - - - 5,108 - -
22 LASACO Ass. Plc 42,183 - 78,556 115,693 139,156 149,995 186,432 197,826 232,958 283,565
23 Leadway Assurance 9,795 46,044 47,244 57,380 64,012 206,738 2,112,847 541,071 549,813 561,312
24 UBA Metropolitan Life - - - - - - - - (76,713)
132,614
25 The Lion of Africa 336,540 - 49,328 90,821 110,766 112,873 99,391 12,349 -
14,525 -
26 Nicon Insurance 378,458 378,458 146,283 802,370 3,501,509 10,052,471 741,977 8.584,418
- 812,827 -
27 Niger Insurance 99,783 120,446 669,686 677,712 688,154 806,914 894,613
116,037 136,536 - 1,185,415
28 Nigerian-French Ins. 21,268 24,094 - - 119,274 -
17,347 36,612 70,238 205,720 281,325 -
29 N.E.M. Insurance 13,265 - 159,384 -
13,417 21,600 32,574 51,462 80,819 84,731 -
30 Oasis Insurance 5,424 74,792 (12,709)
- 24,102 33,031 - 69,592 140,579 251,346
9,100
31 Goldlink Ins. Co. Ltd 2,502 57,403
- - - 322,441
32 GT Life - - - - - -
33 Refuge Insurance - 296 - - 4,083 722 - - 90,258
-
34 Rivbank Insurance 67,685 - - 5,915 6,882 12,356 17,513 - -
-
35 Royal Exchange Ass. 320,554 - 488,511 152,253 174,651 211,623 147,077 6,879 (171,614) 820,372
36 The Nigerian Ass. Plc 28,535 - - - - 4,709 - - 412 -
37 Zenith Life Insurance - - - - - - - - - 28,233
38 First Assurance - 49,813 - - - - - - - -
39 Trans-Nigeria - 3,661 - - 13,493 - - - - -
40 Unic Insurance Plc 135,233 3,650 120,890 120,175 147,584 159,628 167,679 176,287 89,564 106,101
41 Unity Life & Fire 20,655 - - - - - - - - -
42 The Universal Insurance 48,492 - - - - - 19,865 - 68,889 -
43 United Trust Assurance 3,557 - - - - 10,734 17,356 26,716 - -
44 World-wide Insurance 3,337 - 5,018 - - 12,734 - - - -
45 Cornerstone - - 4,689 - - 1,330 7,636 30,074 25,823 51,946
46 Standard Alliance Life - - 3,060 87,911 180,534 40,723 353,534 383,128 116,275 228,611
47 Oceanic Life - - - - - - - - - 64,011
48 Spring Life Assurance Plc - - - - - - - 102,996 406,390 163,546
49 Insurance PHB - - 6,428 - 572 2,379 5,903 - (15,342) -
50 Intercontinental Wapic - - - 1,962 1,193 - - - 169,109 265,427
51 Linkage - - - - - 52,533 68,468 40,627 157,163 -
52 Law Union & Rock - - - - - 43,133 15,123 80,624 134,422 -
53 Custodian & AlliedCo. Ltd. - - - - - 1,619 77 21,979 - -
54 First Chartered - - - - - 937 938 938 - -
55 Mutual Benefits - - - - - 439 3,523 23,599 47,641 65,495
56 Postal Life & General - - - - - - - - - -
57 Regency Alliance - - - - - 16,780 43,221 71,968 - -
58 Sovereign Trust - - - - - 5,268 40,329 10,808 35,188 -
59 Guaranty Trust Ass. Co. Ltd. - - - - - - - 75,891 - -
60 Capital Express - - - - - - - - 256,664 993,945
TOTAL 6,300,000 7,158,819 6,994,717 8,331,478 11,347,697 16,317,045 27,448,676 15,292,342 17,507,679 11,348,772

Linkage Advert
LIFE INSURANCE ASSETS OF MEMBER COMPANIES (2003-2007)
Assets of Life Insurance Companies comprises of government guaranteed securities of corporate bodies
financial instruments, which are used to back-up life such as NEPA , Nigerian Railway Corporation, NITEL
insurance, annuities and pensions reserves and have PLC etc. They are generally undoubted securities and
been primarily built up from premiums received from are available in large quantities, and varying maturing
policy-holders and earnings from investments. dates.
These assets consist of Federal and State Government Insurance companies by virtue of their need for funds,
securities, semi-government securities, shares and are required under the Insurance Act 1, 2003 to hold at
stocks, Real Estates, Mortgage loans, policy loans, least 25% of their funds in this form of investments and
other loans, outstanding premiums, short-term deposits other investment satisfying the Trustee Investment Act.
/ deposits at call, and others within the guidelines of
Insurance Act 1, 2003. The total investments in government and Semi
Government Securities decreased from N0.75billion in
However, current upward valuation of assets 2006 to N5.1billion in 2007. The form of asset held
previously held occasioned by high rate of inflation and represents 4.8% of the total assets held by member of
increased rate of acquisition of investment accounted for the Life offices committee in 2007
the continuous growth in life insurance assets.
Stock and Shares
Government and Semi -Government Securities
Investment in this form of asset amounted to N62.95
Assets under this heading includes all the issues billion in 2007 compared to N41.3billion in 2006. It also
made in the name of Federal and State Governments accounted for 59.5% of the total assets held by member
such as Treasury Bills, Stocks and bonds and of the Life offices committee in 2007.
LIFE INSURANCE ASSETS OF MEMBER COMPANIES (2003 - 2007)

=N= Billions
70
60
50
40
30
20
10
-
2003 2004 2005 2006 2007
FIXED ASSET OTHES LOANS MORTGAGE LOANS
POLICY LOAN GOVT. & SEMI GOVT. SECURITIES SHARES, STOCK & BONDS
OUTSTANDING PREMIUM OTHER DEBTORS CASH& BANK BALANCES

Fixed Assets The total value of Policy Loans made by members of the
life companies increased from N508.6million in 2006 to
Inflation has in recent times brought this form of N759.2million in 2007.This, however, represents 0.7%
investment to prominence. Investment in real estate of the total assets held by members of the life offices
usually takes the form of purchase of office properties, committee in 2007.
flats, warehouses, and erection of multipurpose sky
scrappers, etc. Outstanding Premiums
The rental obtained from such properties generally Outstanding Premium are premiums not yet received at
increases with inflation as does the capital value, thus the end of the year but for which reserves had been
making it one of the most formidable investments in the established by the companies.
period of inflation.
The greatest proportion of this assets is due from
The total assets held under this form of investment Agents, Brokers and other insurance companies.
recorded a decrease from N15.7billion in 2006 to
N12.0billion in 2007. The value of Outstanding Premiums amounted to
N7.9billion in 2007 as against N6.2billion in 2006.
Mortgage Loans
Cash & Bank Balances
Life Insurance companies’ mortgage loans holdings
amounted to N8.6million at the end of 2007 and it Short term Deposit comprises Deposits in current
represents 0.0% of the total assets held by members of accounts, cash etc. Life offices usually leave a
the Life offices committee in 2007. This asset, however, proportion of their Funds on deposit accounts until the
recorded a decrease of about 89.9% when compared right time to invest them on ordinary shares or on other
to N84.9million in 2006. long term basis, particularly if a rise in the general level
of interest is envisaged.
Apart from its maturities, which are matched with life
companies’ liabilities, mortgage loans are generally Funds have to be available at various stages of
secured and have favourable yield, thus making it a development of large property investment and for
very attractive investment channel. prompt payment of claims and annuities to beneficiaries.
For these reasons substantial funds are channeled into
Other Loans short term deposit and deposit at call.
These include advances to Agents and loans based Assets under this heading increased from N7.6billion in
on security of stocks and shares. Loans on reversion 2006 to N7.9 billion in 2007.
and life interest would come under this where they are
available. Other Debtors
This aspect of life offices’ assets recorded an increase Assets under this category include interest, dividends
from N220.8million in 2006 to N639.4million in 2007. and rents as well as those not previously mentioned.
Policy Loans This category of assets recorded N8.5billion. Which

represents 8.1% of the total assets.
This is a form of loan on a life insurance contract which
entitles the policy-holder to receive a sum of money
which must be paid before maturity of the contract,
without changing the terms of the contract. It differs from
surrender of a contract where the policy-holder simply
takes back all or part of the savings accumulated under
the contract.

LIFE ASSETS OF MEMBER COMPANIES FOR 2007
FIXED OTHER MORTGAGE POLICY GOVT & SEMI SHARES, STOCK OUTSTANDING OTHER CASH & BANK
ASSET LOAN LOAN LOAN SEMI GOVT. SEC. & BOND PREMIUM DEBTORS BALANCES TOTAL
S/N NAME OF COMPANY 000 000 000 000 000 000 000 000 000 000
1 ADIC LIFE INSURANCE LIMITED 8,415 - - 782 200,000 1,847,250 7,862 124,209 7,177 2,195,695
2 AFRICAN ALLIANCE INS. CO.LIMITED1,101,262 - - - 200,000 876,300 1,118,321 - 1,351,150 4,647,033
3 AIICO ASSURANCE PLC. 1,506,503 - - 574,257 200,000 4,098,287 375,429 1,247,042 471,825 8,473,343
4 CAPITAL EXPRESS INSURANCE CO. 1,414,578
LTD. - - - 230,000 2,695,671 36,842 - 56,642 4,433,733
5 CORNERSTONE LIFE ASSURANCE LTD19,341 - - 6,407 200,000 2,641,298 230,557 14,193 16,461 3,128,257
6 CRUSADER LIFE INSURANCE LIMITED 67,349 - 108 1,409 451,435 5,244,073 218,187 834,951 483,201 7,300,713
7 CRYSTALIFE ASSURANCE CO. LTD. 249,042 - 8,533 1,726 200,000 3,026,227 296,547 124,393 23,380 3,929,848

8 GNI LIFE ASSURANCE LIMITED 685,989 - - 16,563 201,050 1,799,542 33,322 - 4,289 2,740,755
9 1,276,695
GOLDLINK LIFE ASSURANCE CO. LTD. - - - 200,000 1,082,847 36,803 - 15,271 2,611,616
10 GT LIFE ASSURANCE LIMITED 23,508 - - - 200,000 429,007 1,776,318 - 49,325 2,478,158
11 SPRING LIFE ASSURANCE PLC 60,395 - - - 220,000 1,848,302 517,032 - 38,251 2,683,980
12 IGI LIFE INSURANCE CO. LIMITED 1,544,089 - - - 200,000 9,973,665 - 4,537,646 608,818 16,864,218
13 INTERCONTINENTAL LIFE INS. PLC. - - - - - - - - - -
14 LASACO LIFE ASSURANCE PLC 286,018 - - - 200,000 36,627 730,305 1,231,253 72 2,484,275
166,695
15 LEADWAY LIFE ASSURANCE CO. LIMITED 639,354 - - 200,000 9,919,314 - - 411,207 11,336,570
16 MUTUAL BENEFITS LIFE ASS. LIMITED 7,142 - - - 200,000 2,077,323 397,084 60,000 81,813 2,823,362
17 NICON ASSURANCE PLC N/A n/a n/a n/a n/a n/a n/a n/a n/a n/a
18 NIGER LIFE INSURANCE PLC. 1,789,468 - - 146,499 500,000 5,111,267 694,797 - 529,552 8,771,583
19 OASIS INSURANCE PLC 698 23 - 2,815 15,000 - - 16,086 361 34,983
20 OCEANIC LIFE INSURANCE CO. LIMITED14,384 - - - 200,000 1,724,956 473,030 - 35,460 2,447,830
21 ROYAL PRUDENTIAL LIFE ASS. PLC.1,628,177 - - - 235,000 2,646,021 97,108 82,396 47,359 4,736,061
22 STANDARD ALLIANCE LIFE ASS. LTD. 106,684 - - - 200,000 2,518,872 180,671 13,366 94,728 3,114,321
23 UBA METROPOLITAN LIFE INS. LIMITED 87,428 - - - 200,000 32,340 - 107,173 1,835,961 2,262,902
24 UNIC INSURANCE PLC - - - 6,358 15,000 480,448 438,175 - 7,665 947,646
25 UNION LIFE ASSURANCE CO. LIMITED 4,492 - - 2,354 200,000 2,498,342 263,061 - 73,168 3,041,417
26 UNITRUST INSURANCE CO. LIMITED - - - - - - - - - -
27 ZENITH LIFE INSURANCE CO. LIMITED - - - - 200,000 346,912 4,216 130,969 1,669,947 2,352,044
116
TOTAL 12,048,352 639,377 8,641 759,170 5,067,485 62,954,891 7,925,667 8,523,677 7,913,083 105,840,343
DISTRIBUTION OF ASSETS OF LIFE INSURANCE COMPANIES (2003 - 2007)
ASSETS 2003 2004 2005 2006 2007

000 000 000 000 000
9,863,014 11,898,230 15,683,956 12,048,352
Fixed asset 14,899,740
(15.8) (19.5) (20.88) (20.00) (11.4 )
Other loan 1,297,553 100,048 35,506 220,767 639,377

(2.1) (0.2) (0.05) (0.3) (0.6)
Mortgage loan 360,970 1,462,581 1,726,873 84,869 8,641

(0.6) (2.4) (2.4) (0.1) (0.0)
Policy loan 165,357 348,953 544,583 580,636 759,170

(0.3) (0.6) (0.8) (0.7) (0.7)
Govt & Semi Govt. 2,016,079 2,741,098 1,413,183 749,600 5,067,485
(3.3) (4.5) (2.0) (1.0) (4.8)
Shares, stock & bond 24,220,931 30,391,774 37,912,294 41,335,036 62,954,891
(38.7) (49.7) (53.1) (52.7) (59.5)
Outstanding premium 1,487,782 3,097,867 3,469,629 6,165,417 7,925,667

(2.4) (5.1) (4.9) (7.9) (7.5)
Other debtors 16,858,163 8,334,816 9,848,055 5,938,993 8,523,677

(26.9) (13.6) (13.8) (7.6) (8.1)
Cash & Bank balance 6,286,679 2,742,709 1,512,386 7,649,316 7,913,083

(10.0) (4.5) (2.1) (9.8 ) (7.5)
Total 62,601,528 61,118,076 71,362,249 78,408,590 105,840,343

(100.0) (100.0) (100.0) (100.0) (100.0)
2007
FIXED A SSET OTHER LOA N

11.4% 0.6%
CA SH & B A NK B A LA NCE
7.5%
P OLICY LOA N
0.7%
M ORTGA GE LOA N
OTHER DEB TORS 0.0%
8.1%
OUTSTA NDING GOVT & SEM I GOVT.

P REM IUM 4.8%
7.9%
SHA RES, STOCK & B OND

59.5%

LIFE LIABILITY OF MEMBER COMPANIES FOR 2007
AUTHORISED ORDINARY SHARE LIFE PENSION DEPOSIT OUTSTANDING OTHER BALANCE OF
CAPITAL PAID UP PREMIUM RESERVE CREDITORS FUND FUND ADMINISTRATION CLAIMS TAXATION LIABILITY PROFIT & LOSS TOTAL
S/N NAME OF COMPANY 000 000 000 000 000 000 000 000 000 000 000 000 000
1 ADIC LIFE INSURANCE LIMITED 2,000,000 1,504,363 589,433 (38,954) 24,840 96,433 - 15,391 - 4,189 - - 2,195,695
2 200,000
AFRICAN ALLIANCE INS. CO. LIMITED 150,000 - 1,078,073 138,944 286,112 - 240,349 - 60,308 2,693,247 - 4,647,033
3 AIICO ASSURANCE PLC. 2,500,000 828,326 450,637 1,528,094 2,344,102 1,530,631 - 1,527,919 128,018 125,455 10,161 - 8,473,343
4 2,000,000
CAPITAL EXPRESS INSURANCE CO.LTD. 2,000,000 - 72,475 171,325 993,945 - 629,266 - 10,308 554,414 - 4,431,733
5 CORNERSTONE LIFE ASSURANCE PLC - 1,467,567 550,541 64,517 571,184 51,946 - 418,932 - 3,570 - - 3,128,257
6 2,500,000
CRUSADER LIFE INSURANCE LIMITED 579,504 605,213 2,574,378 650,618 302,702 - 1,746,960 50,826 54,217 - 736,295 7,300,713

7 CRYSTALIFE ASSURANCE CO. LTD. 2,500,000 2,500,000 177,273 23,810 101,754 328,591 - 262,785 3,873 29,614 - 502,087 3,929,787
8 GNI LIFE ASSURANCE LIMITED 1,500,000 150,000 - 722,308 89,621 124,853 - - 43,973 - 1,610,000 - 2,740,755
9 1,800,000
GOLDLINK LIFE ASSURANCE LIMITED. 1,772,000 70,132 217,828 8,025 322,441 221,190 - - - - - 2,611,616
10 GT LIFE ASSURANCE LIMITED 1,000,000 1,000,000 - 1,008,899 18,426 90,258 - 336,514 - 24,061 - - 2,478,158
11 SPRING LIFE ASSURANCE PLC 1,500,000 1,500,000 758,422 (174,808) 47,029 163,546 - - - 49,210 340,581 - 2,683,980
12 IGI LIFE INSURANCE CO. LIMITED - 2,190,749 - 8,928,104 2,027,558 2,648,266 - 1,069,541 - - - - 16,864,218
13 INTERCONTINENTAL LIFE INS. PLC. - - - - - - - - - - - - -
14 LASACO LIFE ASSURANCE LIMITED 2,000,000 1,249,042 291,410 502,672 8,897 283,565 - 57,000 - - 91,689 - 2,484,275
15 LEADWAY LIFE ASSURANCE CO. 1,000,000
LIMITED 644,382 - 5,596,715 155,706 561,312 - 4,213,302 107,166 57,987 - - 11,336,570
16 MUTUAL BENEFITS LIFE ASS. LIMITED - 150,000 1,850,000 195,139 195,936 65,495 - 366,792 - - - - 2,823,362
17 NICON ASSURANCE PLC N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A -
18 NIGER LIFE INSURANCE LIMITED - 790,166 850,398 1,058,355 1,520,120 1,185,415 - 3,165,075 - 202,054 - - 8,771,583
19 OASIS INSURANCE PLC 150,000 - - 5,020 20,863 9,100 - - - - - - 34,983
20 OCEANIC LIFE INSURANCE CO. LIMITED - 2,000,000 - 24,381 64,082 64,011 - 61,546 - 14,381 219,429 - 2,447,830
21 ROYAL PRUDENTIAL LIFE ASS. CO.750,000
LTD. 150,000 - 3,152,207 88,053 820,372 - - 91,512 25,661 408,256 - 4,736,061
22 STANDARD ALLIANCE LIFE ASS. 2,000,000
LTD. 1,400,000 595,338 8,738 101,214 228,611 - 559,374 - 2,454 260,066 (41,473) 3,114,322
23 500,000
UBA METROPOLITAN LIFE INS. LIMITED 500,000 1,503,612 5,764 240,171 132,614 - 74,862 90,044 - (284,165) - 2,262,902
24 UNIC INSURANCE PLC - 150,000 - 46,663 29,407 106,101 - 219,626 - 9,487 386,362 - 947,646
25 2,000,000
UNION LIFE ASSURANCE CO. LIMITED 1,532,095 447,063 139,097 216,240 558,612 - 20,277 - - - 128,033 3,041,417
26 UNITRUST INSURANCE CO. LTD. - - - - - - - - - - - - -
27 2,000,000
ZENITH LIFE INSURANCE CO. LIMITED 2,000,000 - 255,012 23,333 28,233 - 28,961 8,350 8,153 - - 2,352,042
TOTAL
27,900,000 26,208,194 8,739,472 26,994,487 8,857,448 11,348,772 221,190 15,014,472 523,762 681,109 6,290,040 1,324,942 106,203,888
118
LIABILITY OF LIFE INSURANCE OF MEMBER COMPANIES 2005 - 2007
LIABILITY 2005 2006 2007

000 000 000
Authorised Capital 9,769,493 17,802,493 27,900,000
Ordinary Paid-up 8,116,466 12,637,065 26,208,194

(11.4) (15.6) (24.7)
Share Premium 1,149,246 2,139,524 8,739,472
(1.6) (2.6) (8.3)
12,247,889 19,679,933 26,994,487
Reserve (17.2) (24.4) (25.4)
1,747,048 4,746,720 8,857,448
Credictors (2.4) (5.9) (8.3)
18,309,960 17,507,679 11,348,772
Life Fund (25.6) (21.7) (10.7)
471,691 262,501 221,190
Pension Fund (0.7) (0.3) (0.2)
25,319,032 16,725,805 15,014,472
Depoist Administration Fund (35.5) (20.7) (14.1)
1,271,191 1,643,854 523,762
Outstanding Claims (1.8) (2.0) (0.5)
634,782 275,131 681,109
Taxation (0.9) (0.3) (0.6)
2,102,620 3,217,594 6,290,040
Other Liability (2.9) (4.0) (5.9)
43,781 1,932,593 1,324,942
Bal. Of Profit & Loss (0.1) (2.4) (1.2)
Total 71,413,706 80,768,399 105,838,281

(100.0) (100.0) 100.0
2007
LIFE FUND PENSION FUND

CREDICTORS 10.6% 0.2%
8.3%
DEPOIST ADMIN.
14.2%
OUTSTANDING CLAIMS
0.5%
TAXATION
0.6%
RESERVE OTHER LIABILITY

25.4% 5.9%
BAL. OF PROFIT & LOSS

1.2%
SHARE PREMIUM
8.2%
ORDINARY PAID-UP
24.7%

DIRECTORY OF REINSURANCE COMPANIES IN NIGERIA
S/N NAME OF COMPANY HEAD OFFICE ADDRESS TELEPHONE NO.
1. AFRICAN REINSURANCE CORPORATION Karimu Kotun Street, 2663286, 2663323

Victoria Island, P. M. B. 12765
2. CONTINENTAL REINSURANCE PLC ST. NICHOLAS HOUSE 2665350, 2665354

6, Catholic Mission Street, 2665368, 2665370
P. O. Box 2410, Lagos
3. NIGERIAN REINSURANCE CORPORATION PLOT 272/273, CENTRAL BUSINESS 09 - 5234673 - 4

DISTRICT, GARKI, ABUJA 5238603
SUMMARY OF GROSS PREMIUM INCOME AND TOTAL INVESTMENT 1998 - 2007
GROSS PREMIUM TOTAL

INCOME % INVESTMENT %
YEAR =N= ‘000 INCREASE =N= ‘000 INCREASE
1998 19,059,390 - 36,737,747 -

1999 21,394,371 12.3% 50,395,723 37.2%
2000 27,666,330 29.3% 54,296,597 7.7%
2001 33,114,566 19.7% 66,343,818 22.2%
2002 44,503,828 34.4% 79,855,127 20.4%
2003 55,940,566 25.7% 123,192,373 54.3%
2004 69,410,804 24.1% 154,119,166 25.1%
2005 76,325,817 10.0% 184,235,177 19.5%
2006 82,289,108 7.8% 257,859,283 40.0%
2007 100,619,511 22.3% 379,914,481 47.3%

DIRECTORY OF INSURANCE BROKERS IN NIGERIA
NAME OF BROKER NEW REG-NO LOCATION/ADDRESS

A.B. ALHASSAN & CO. INSURANCE BROKERSRBC-060
LTD. 38, BEIRUT ROAD,P.O.BOX 13663 KANO,KANO STATE.
A.E.J INSURANCE BROKERS LTD. RBC-281 EBANI HOUSE,149-153,BROAD STREET,P.O.BOX 53537 FALOMO IKOYI, LAGOS.
A.O.RICHARD INSURANCE BROKERS LTD. RBC-167 208A, LABAKE HOTEL ROAD,OFF 209C ABA ROAD,P.O. BOX 8717 PORT HARCOURT.
ABACUS INSURANCE BROKERS LTD. RBC-348 95, BROAD STREET,18TH FLOOR ,P.O.BOX 7908 LAGOS.
ABBEY INSURANCE BROKERS LTD. RBC-310 66, OPEBI ROAD,IKEJA, LAGOS.
ACCEPTANCE INSURANCE BROKERS LTD. RBC-618 NO.1,ALHAJI ADENEKAN STREET,OKTA,LAGOS
ACCORD NIG. INSURANCE BROKERSLTD. RBC-357 41-43,BOMBAY CRESCENT APAPA,P.O.BOX 579,LAGOS.
ACCREDITED INSURANCE BROKERS LTD. RBC-480 PLOT G.11 NO.26.DAN ALHAJI RAOD BARNAWA NEW EX. KADUNA SOUTH.P.OBOX 4202 KD.
ACCURATE INSURANCE BROKERS LTD. RBC-136 41/43 BOMPAI CRESCENT APAPA P.O.BOX 579, LAGOS
ACI INSURANCE BROKERS LTD. RBC-430 ARCADE CLUB SUITS, PLOT68 1ST AVENUE BY SHEHU SHAGARI WAY,GARKI ABUJA
ACORN INSURANCE BROKERS LIMITED RBC-371 223, IKORODU ROAD, ILUPEJUP.O.BOX 4772 MARINALAGOS.
ADEHMOS BROKERS LTD. RBC-256 26,ALLEN AVENUE,P.O.BOX 7497 IKEJA,LAGOS.
ADS INSURANCE BROKERS LTD. RBC-473 1A ,ADDIS ABABA STREET WUSE ZONE 4 , P.O.BOX 9493 GARKI ABUJA
AEJ INSURANCE BROKERS LTD RBC-281 149/153 BROAD STREET,P.O.BOX 53537 FALOMO IKOYI
AF OSU INSURANCE BROKERS LTD. RBC-369 21 H ROAD BY ALIYU MAKAMABARNAWA P.O.BOX 8313G.P.O KADUNA
AFN BROKERS LTD. RBC-245 7,AJAO ROAD, OFF ADENIYI JONESP.O.BOX 12703 IKEJALAGOS.
AFRIBANK INSURANCE BROKERS LTD. RBC-135 1 OLADELE OLASHORE STREET, VICTORIA ISLAND LAGOS
AFRICAN GENERAL INSURANCE BROKERS LTD.
RBC-147 AGIB HOUSE 77 TOYA OBALANDE S/W IKOYI, LAGOS P.O.BOX1446 APAPA, LAGOS
AFRICAN INSURANCE BROKERS LTD. RBC-105 25,BOYLE STREETP.O.BOX 2335 LAGOS.
AFRI-OVIS INSURANCE BROKERS LTD. RBC-031 55,KAKAWA STREET,P.O.BOX 51713 IKOYI,LAGOS.
AFRISK INSURANCE BROKERS LIMITED RBC-486 ELEGANZA PLAZA 2ND FLOOR,LIBRA BLOCK 1,COMMERCIAL ROAD,APAPA LAGOS
AFRITRUST INSURANCE BROKERS LIMITED RBC-269 12, ABIBU-OKI STREET,P.O.BOX 3935LAGOS.
ALEXANDER REISSE INSURANCE BROKERSRBC-279
LTD. 9, TOYIN STREET IKEJA,LAGOS
ALFAM INSURANCE BROKERS LTD. RBC-162 29,BERKLEY STREET,P.O.BOX 51642 FALOMO,LAGOS.
ALL STATE INSURANCE BROKERS LTD. RBC-323 PLOT 915 ALEXANDRIA CRESCENT, P.O.BOX 7146 WUSE 2, ABUJA
ALLIED TRUST INSURANCE BROKERS LTD. RBC-229 6 TIAMIYU STREET,MENDE MARY-LAND, LAGOS.LAGOS.
ALLISON INSURANCE BROKERS LTD. RBC-320 20 NORTH AVENUEAPAPALAGOS
ALPHA BROKERS LTD. RBC-010 59,CHIME AVENUE,NEW HAVEN,P.O.BOX 1179 ENUGU,ENUGU.
ALPHA CHOICE INSURANCE BROKERS LTD. RBC-550 1 ISOKO ROAD, UGELIDELTASTATE
ALPHA-MEGA TRUST INSURANCE BROKERSRBC-464
LTD. 76, ADENIYI JONES AVENUEIKEJALAGOS
ALRISK INSURANCE BROKERS LTD. RBC-209 24, EKOLOLU STREET,P.O.BOX 2401 SURULERE,LAGOS.
ALSAN INSURANCE BROKERS LTD RBC-312 43,KOFO ABAYOMI AVENUE,P.O.BOX 1586 APAPA,LAGOS.
AMANA INSURANCE BROKERS LTD. RBC-093 K10,AHMADU BELLO WAY,P.O.BOX 2329 KADUNA,KADUNA.
AMAZING GRACE INSURANCE BROKERS LTD. RBC-615 PLOT 4,OYEKAN SOBOWALE STREET,OFF COMM ROAD,IJUGUN-IKOTUN BOX 3000,MUSHIN
ANTONIO INSURANCE BROKERS RBC-361 231, HERBERT MACAULAY STREET,PO BOX 917 SURULERE,LAGOS.
A.O.RICHARD INSURANCE BROKERS LTD. RBC-167 NO.208A LABAKE HOTEL OFF 209 ABA ROAD P.O.BOX 8717 PORT HARCOURT
AREMOTT BANWILL & COMPANY LTD. RBC-192 8B, ADENUBI CLOSE OFF,MAJEKODUMI STREET OFF, ALLEN AVENUE, IKEJA LAGOS.
ARIMONKS INSURANCE BROKERS LIMITED RBC-526 26a,ADESHINA STREET,OFF OBAFEMI AWOLOWO WAY ,IKEJA,LAGOS
ARK INSURANCE BROKERS LTD. RBC-029 11A,KARIMU KOTUN STREET,VICTORIA ISLAND,P.O.BOX 3771 LAGOS.
ARK LIFE & PENSIONS INS.BROKERS LTD. RBC-067 11A,KARIMU KOTUN STREET,VICTORIA ISLAND,P.O.BOX 3771 LAGOS.
ARK REINSURANCE BROKERS LTD. RBC-478 11A,KARIMU KOTUN STREET,VICTORIA ISLAND,P.O.BOX 3771 LAGOS.
ARIZONA INSURANCE BROKERS LIMITED RBC-541 PLOT472 IBRAHIM BABANGIDA WAY CHICKEN HOUSE WUSEII ABUJA.
ASSURE CAPITAL INSURANCE BROKERS LIMITED
RBC-561 4TH FLOOR,ALEX CREPPY HOUSE 30,KING GEORGE,V ROAD ONIKAN
ASHMOUNT INSURANCE BROKERS LTD. RBC-193 38/40 STRACHAN STREET,OFF IGBOSERE ROAD,LAGOS.
ASO SOLID INSURANCE BROKERS LTD. RBC-327 NO.1ABA CLOSE OFF, LOKOJA STREET, AREA8, P.M.B.332GARKI ABUJA
ASSETS INSURANCE BROKERS LTD RBC-313 56, AJAO ROAD,SURULERE LAGOS.
ASSOCIATED INSURANCE BROKERS LTD. RBC-364 30, MCNEIL ROAD,PO BOX 1725 SABO,YABA-LAGOS.
ATLANTIC & ROCK INSURANCE BROKERS LTD.
RBC-297 PLOT 6,BLK. 14,IBADAN FARMERS ASS. LAYOUT,P.O.BOX 12101 IBADAN.
ATLANTIC INSURANCE BROKERS LTD. RBC-153 13,LADIPO OLUWOLE AVE.,OFF ADENIYI JONES IKEJA,P.O.BOX 2530 MUSHIN, LAGOS.
AUSTIN & ASSOCIATES LTD. RBC-092 55, WESTERN AVENUE SURULERE,P.O.BOX 4632 LAGOS.
AXIS INSURANCE BROKERS LTD. RBC-102 161 HERBERT MACAULAY STREET,P.O.BOX 2608 YABA,LAGOS.
AYENSON INTERNATIONAL INSURANCE BROKERS
RBC-493LTD. 3RD FLOOR, SUITE 301 ADEBOWALEHOUSE 150 IKORODU ROAD ONIPANULAGOS
AYO RANDLE INSURANCE BROKERS LTD RBC-316 11,BALOGUN STREET,OFF AWOLOWO WAY,P.O.BOX 55149 IKEJA, LAGOS.
AZA INSURANCE BROKERS LIMITED RBC-559 MOBOLAJI BANK ANTHONY WAY IKEJA LAGOS
B.C.MADIEBO & COMPANY LTD. RBC-032 PLOT 133, SINARI DARANIJO ST.V/I ANNEX, P.O.BOX 244,LAGOS.
BAEL INTERNATIONAL INS. BROKERS LTD. RBC-338 47-57,MARTINS STREET,14TH FLOOR,GNI HOUSE,P.O.BOX 9600 LAGOS.
BARBARA &WALTER INSURANCE BROKERS RBC-584
LTD. 114,WESTERN AVENUE,SURULERE,LAGOS
BAKLAY INSURANCE BROKERS LTD. RBC-300 28, POST OFFICE ROAD,ROYAL EXCHANGE BUILDING,P.O.BOX 2083 KANO.
BAMBI INSURANCE BROKERS LTD. RBC-385 COPPER HOUSE PLOT,1950 ALGIERS STREET,WUSE ZONE 5,P.O.BOX 10277GARKI ABJ.
BARMCO INSURANCE BROKERS LTD RBC-595 DEE-AWWAL PLAZA SUIT NO 14,MICHEAL OKPARA STREET WUSE ZONE 5,ABUJA
BANDEL BROKERS & COMPANY LTD. RBC-362 BLOCK A2/2 SUITE 182/183 NEW SURA SHOPPING COMPLEX SIMPSON ST. LAGOS PMB 2154 IKE
BELLCREST INSURANCE BROKERS LTD. RBC-286 30,IKWERE ROAD,P.O.BOX 1856 PORTHARCOURT,RIVERS STATE.
BEST DEAL INSURANCE BROKERS LTD. RBC-511 10 BALOGUN STREET ANIFOWOSE AREAIKEJA P.O.BOX 579, AGEGELAGOS
BESTWORTH INSURANCE BROKERS LTD. RBC-359 D1 IBADAN STREET/KABBA ROAD,P.O.BOX 4106, KADUNAKADUNA.

BETHEL INSURANCE BROKERS LTD. RBC-492 190, IKORODU ROAD ONIPANUP.O.BOX 18027 IKEJALAGOS
BIDAC INSURANCE BROKERS LTD. RBC-259 66,FALOLU ROAD,P.O.BOX 3565 SURU-LERE,LAGOS.
BISCONS INSURANCE BROKERS LTD. RBC-379 41, BUARI STREET, OGUDU,OJOTA,LAGOS
BISMOWAK INSURANCE BROKERS LTD. RBC-121 26, OPPOSITE 7TH DAY PRY. SCHOOL,IBADAN,OYO STATE.
BLUE ORBIT INSURANCE BROKERS LTD. RBC-159 49 MURTALA MUHAMMED WAY OPP. ST. PAUL CATHOLIC CHURCH EBUTE-METTA LAGOS
BOFF & CO. INSURANCE BROKERS LIMITEDRBC-013 8,OBAFEMI AWOLOWO WAY,2ND FLOOR,GREAT NIG. HOUSE,P.O.BOX 1650 IBADAN.
BONDWELL INSURANCE BROKERS LTD. RBC-370 146 BODE THOMAS STREETSURULERELAGOS
BOOF AFRICA INSURANCE BROKERS LIMITEDRBC-182 26,MONTGOMERY ROAD,P.O.BOX 530, EBUTE METTA WESTLAGOS
BSL INSURANCE BROKERS LIMITED RBC-564 SUITE B9A,LULI MALL COMPLEX 20 RUMOLA ROAD PORT HARCOURT
BOS INSURANCE CONSULTANT & COMPANYRBC-124
LTD. 136, LIBERTY STADIUM STREET,P.O.BOX 175, IBADAN,OYO STATE.
BRIDGE STONE INSURANCE BROKERS LTD.RBC-624 NO.13B POST OFFICE ROAD NICON HOUSE KANO
BRIGHTWAYS INSURANCE BROKERS LTD. RBC-230 2, RASAQ OKOYA LANE,OFF IGBOSERE ROAD,P.O.BOX 51689 FALOMO IKOYI LAGOS.
CACHET INSURANCE BROKERS LTD RBC-633 90,AKPAKPAVA STREET,2ND FLOOR,AIBANGBEE HOUSE BENIN CITY
C & I INSURANCE BROKERS LIMITED RBC-373 2A, OLAIDE TOMORI STREETOFF SIMBIAT ABIOLA RD. IKEJAP.O.BOX 53369 FALOMO, LAGOS.
CIB INSURANCE BROKERS LTD. RBC-197 12,ADEGBOLA STREET ANIFOWOSE,IKEJA,LAGOS
CBO INSURANCE BROKERS LTD. RBC-156 HOTEL DE’HORIZON PLAZAPLOT 1149 AMINU KANO CRES. WUSE IIP.O.BOX 2268 GARKI ABUJA
CAPSTONE INSURANCE BROKERS LTD. RBC-494 BLOCK B HOUSE 12B, HOWSON-WRIGHTESTATE OLUSOSUN OJOTALAGOS
CARRIER INSURANCE BROKERS LTD. RBC-017 27, ADEOLA ADELEYE STREET OFF COKER ILUPEJU LAGOS
CAUTIOUS INSURANCE BROKERS LTD. RBC-043 254,HERBERT MACAULAY STREET,ALAGOMEJI,P.O.BOX 3542 MUSHIN, LAGOS.
CENTERTRUST INSURANCE BROKERS LTD. RBC-594 2B,EBUN STREET,GBAGADA EXPRESS WAY,GBAGADA.P.O.BOX70333 V/ISLAND LAGOS
CHASE INSURANCE BROKERS LTD. RBC-219 72 BODE THOMAS STREET,SURULERE,P.O.BOX 5555, LAGOS.
CHATTLE HOUSE INSURANCE BROKERS LTD. RBC-401 297A SURULERE WAYDOLPHIN ESTATE IKOYILAGOS.
CHOICE INSURANCE BROKERS LTD. RBC-458 16, ADELABU STREETSURULERELAGOS
CHROME INSURANCE BROKERS LTD. RBC-271 15A, FESTIVAL ROAD,P.O.BOX 71898 VICTORIA ISLAND,LAGOS.
CHYLY INSURANCE BROKERS LIMITED RBC-562 28,JOHN OLUGBO STREET,OFF TOYIN STREET IKEJA,LAGOS.P.O.BOX2651,LAGOS
CIB INSURANCE BROKERS LTD. RBC-197 12, ADEGBOLA STREET,ANIFOWOSE, IKEJA,LAGOS.
CITA INSURANCE BROKERS RBC-518 6, TIAMIYU STREET, MENDEMARYLANDLAGOS
CITILADS INSURANCE BROKERS LTD. RBC-063 57,AWOYOKUN STREET ONIPANU,P.O.BOX 852 APAPA,LAGOS.
CLARKSON EDU & COMPANY LTD. RBC-011 33, ALHALI TOKAN STREET,ALAKA EASTATE SURULEREP.O.BOX 2853 LAGOS.
CLASSIC INSURANCE BROKERS LTD. RBC-160 YINKA FOLAWIYO PLAZA,38, WAREHOUSE ROAD,APAPA LAGOS.
CLEAR VISION INSURANCE BROKERS LTD. RBC-378 10, OKEOLOWOGBOWO STREET APONGBON P.O.BOX 6684 MARINA LAGOS
CLIMAX INSURANCE BROKERS LTD. RBC-216 200, SAPELE ROAD,P.O.BOX 290 BENIN CITY,EDO STATE.
COBAL INSURANCE BROKERS LTD. RBC-007 20,OLUKOLE STREET,SURULERE LAGOS.
COLENSON BROKERS LTD. RBC-044 31B, OYELEKE STREET ALAUSA,P.M.B.21640 IKEJA,LAGOS.
COL-VAL INSURANCE BROKERS LTD. RBC-272 3/7 KAKAWA STREET,(DAILY TIMES BUILDING)2ND FLOOR BY FIRST BANK H/Q LAGOS
COLXIMATE INSURANCE BROKER LTD. RBC-241 2, MOBOLAJI BANK-ANTHONY WAY,P.O.BOX 1570 SHOMOLU,LAGOS.
COMBINED-ALL-RISKS INSURANCE BROKERS RBC-517 14, IREWOLE AVENUE, OPEBIIKEJALAGOS
COMMERCIAL MARINE INS. BROKER LTD. RBC-213 29,TOYIN STREET, IKEJA P.O.BOX 7793 MARINA LAGOS
COMPETENT INSURANCE BROKERS LTD. RBC-082 47, MARINA STREET,P.O.BOX 799 MARINALAGOS.
CONCRIS INSURANCE BROKERS LTD. RBC-515 13A NEIGHBOURHOOD SHOPPINGCENTRE WUSE ZONE 3ABUJA
CONFLUENCE INSURANCE BROKERS LTD. RBC-118 AREA 10,U.T.C SHOPPING COMPLEX, GARKIP.O.BOX 5500 ABUJA.
CONGLOMERA INSURANCE BROKERS LTD. RBC-291 68, WESTERN AVENUE,SURULERE,P.O.BOX 2003 LAGOS.
CONNECT INSURANCE BROKERS LTD. RBC-129 122, MURTALA MOHAMMED WAY,EBUTE METTA,P.O.BOX 51674 LAGOS.
CONSOLIDATED INSURANCE BROKERS LTD.RBC-237 77, ALHAJI MASHA ROAD,P.O.BOX 516 SURULERE,LAGOS.
CONTINENTAL INSURANCE BROKERS LTD. RBC-074 266, HERBERT MACAULAY STREET,P.O.BOX 6174 SURULERE,LAGOS.
CORPORATE TRUST INSURANCE BROKERS RBC-374
LTD. 17A,OLUWOLE KUFONIYI STREET,OFF POLY ROAD IJOKODOGPO BOX 37322, DUGBE IBADAN
COSMIC INSURANCE BROKERS LTD. RBC-016 COSMIC HOUSE 1B KAFFI STREET ALAUSA P.OBOX 3967 IKEJA LAGOS
COUNTRY & CITY INSURANCE BROKERS LTD.RBC-085 14, QUEENS STREET,ALAGOMEJI YABA, LAGOS.P.O.BOX 70175 V/ISLAND ISLAND
COVENANT INSURANCE BROKERS LTD. RBC-257 33, YESUFU SANUSI STREET,OFF ADENIRAN OGUNSANYA ST.SURULERE, LAGOS.
CREDIBLE INSURANCE BROKERS LTD. RBC-218 42, ADARANIJO STREET SHOMOLU,P.O.BOX 8199 MARINA,LAGOS.
CREDO INSURANCE BROKERS LTD. RBC-426 18A/18A TAFAWA BALEWASQUARELAGOS
CRISTAL HOPE INSURANCE BROKERS LTD. RBC-586 45/47 KARIMU STREET,OFF LAWSON ROAD,OJUELEGBA LAGOS
CROWN INSURANCE BROKERS LTD. RBC-157 ELEGANZA PLAZA COMPLEX,LIBRA BLK.2ND. FLOOR, 1 COMMERCIAL ROAD,P.O.BOX 887 APAPA
CRYSTAL TRUST INSURANCE BROKERS LTDRBC-012 16, AKINHANMI STREET,P.O.BOX 7424 SURULERE,LAGOS.
CTI INSURANCE BROKERS LTD. RBC-199 50/52, BROAD STREET,LAGOSLAGOS
CUSWORTH INSURANCE BROKERS LTD RBC-530 3/5 AGBOYI,OGUDU,ORI-OKE OJOTA LAGOSA
CYREG & CO. (INTER.) INSURANCE BROKERS LTD.
RBC-142 16 AKINHANMISTREET OFF WESTERN AVENUE G.P.O.BOX10028 MARINA LAGOS
DADAFA INSURANCE BROKERS LTD. RBC-476 74, SULEIMAN BARAU ROAD OPPOSITENITEL SULEJA P.O. BOX 6194 GARKINIGER STATE
DATABANK INSURANCE BROKERS LTD RBC-641 PLOT 516 SULTAN ABUBAKAR WAY,WUSE ZONE 2,ABUJA.
DAVISTHER INSURANCE BROKERS LTD. RBC-305 NCWS HOUSE 2ND PC 14,AHMED ONIBUDO STREET VICTORIA ISLAND LAGOS
DBLS INSURANCE BROKERS LTD. RBC-254 16, NORMAL WILLIAMS STREET,IKOYI,LAGOS.
DELIGHT INSURANCE BROKERS LTD. RBC-421 DELIGHT SUITE PLOT 4/6 KUDIRAT ABIOLA WAYALAUSA AREA P.O.BOX 11453 IKEJA LGS
DFS INSURANCE BROKERS LTD. RBC-382 9,CHAMLEY STREETP.M.B.1208 CALABAR,CROSS RIVERS.
DINTA RISK & INS. BROKERS LTD. RBC-071 19,OPEBI STREET,P.O. BOX 14667 IKEJA,LAGOS.

DIPOD INSURANCE BROKERS LTD. RBC-139 42,NORMAN WILLIAMS STREET,SOUTH WEST IKOYIP.O.BOX 5837 IKEJA, LAGOS.
DOLBAD INSURANCE BROKERS LTD. RBC-345 121, ITIRE ROAD,LAWANSON S/LERELAGOS.
DOUBLE E INSURANCE BROKERS LTD. RBC-525 17 AHMED ONIBUDO STREET, V/ISLANDP.O.BOX 7335 MARINALAGOS
DOVE INSURANCE BROKERS LIMITED RBC-556 SUITE E251,IKOTA SHOPPING COMPLEX V.G.V. LEKKI
DUTEE INSURANCE BROKERS LTD. RBC-138 7, UNITY ROAD,P.O.BOX 10538 IKEJA,LAGOS.
DYKES INSURANCE BROKERS LTD. RBC-045 29, OLONODE STREET ALAGOMEJI,P.O.BOX 3902 APAPA,LAGOS.
E.A.FABIYI EVERYMAN INSURANCE LTD. RBC-018 SKY MEMORIAL COMPLEX PLOT 518,MICHEAL OPARA STREET WUSE ZONE 5 ABUJA
EASY-FLOW INSURANCE BROKES LTD. RBC-451 LIVING PLAZA, 406, ABEOKUTA EXPRESSWAY AWORI BUS STOP P.O.BOX FALOMO LAGOS.
ECLONA INSURANCE BROKERS LTD. RBC-208 27-29, MARTINS STREET,P.O.BOX 70713 V/ISLANDLAGOS.
ECO INSURANCE BROKERS LTD. RBC-395 62, AKANRO STREET, GROUND FLOOR.ILASAMAJA, LAGOS.
ECO-PILLAR INSURANCE BROKER LTD. RBC-146 3, SYLVIA CRESCENT,OFF ANTHONY RD. IKORODU RD.LAGOS.
EDISON & PARTNERS INSURANCE BROKERS RBC-610
LTD. PLOT 1 NP PLC NEW PORT GATE WARRI
EDMANS INTERNATIONAL LIMITED RBC-405 165 ABA ROAD OPP. ARETTA ESTATEP.O.BOX 3407, PORT HARCOURTRIVERS
EFT INSURANCE BROKERS LIMITED RBC-080 80, ALLEN AVENUE,P.O.BOX 4917K IKEJA,LAGOS.
EFFICIENTWAY INSURANCE BROKERS LTD. RBC-580 PLOT 734 KADE STREET,OFF AMINU KANO CRECSENT WUSE II ABUJA
ELIWAD INSURANCE BROKERS LTD. RBC-224 119, IBRAHIM TAIWO ROAD,P.O.BOX 2121 ILORIN,KWARA STATE.
EMAT INSURANCE BROKERS LTD. RBC-120 30A,TAORIDI STREET,BY RITALORI HOTEL,SURULERE LAGOS.
EMERALD INSURANCE BROKERTS LTD. RBC-196 35, TOWN PLANNING WAY ILUPEJULAGOS.
EMINENT INSURANCE BROKERS LTD. RBC-198 61,TEJUOSO STREET S/LERE,P.O.BOX 9608 IKEJA,LAGOS.
EQUITY PROVIDERS INSURANCE BROKERSRBC-191
LTD. 6, ILUPEJU ILUPEJU BYE-PASS,ILUPEJUP.O.BOX 4391 LAGOS.
ESENARD INSURANCE BROKERS LTD. RBC-226 40, ABA ROAD,P.O.BOX 11715 P/HARCOURT,RIVERS STATE
EVOA INSURANCE BROKERS LIMITED RBC-527 NO 95(POLY)IDI-ITO BUS STOP POLY ELEYELE EXPRESS ROAD SANGO AREA IBADAN
ETERNALIE RISKS INSURANCE BROKERS LTD. RBC-506 50B OGUNTONA CRESCENT PHASE IGBAGADA ESTATELAGOS
EVEREST INSURANCE BROKERS LTD. RBC-284 REINSURANCE HOUSE, 46 MARINA LAGOS P.O.BOX 869 EBUTE-METTA LAGOS
EXCEL INSURANCE BROKERS LTD. RBC-250 29A, OJUOLOBUN CLOSE,P.O.BOX 75614 V/ISLAND,LAGOS.
EXCEPTIONAL INSURANCE BROKERS LTD. RBC-504 OFFICE B 301A ERISCO PBONPETPLAZA WUSE ZONE 5ABUJA
EXPRESS SECURITY INSURANCE BROKERSRBC-115
LTD. 20, ASSOCIATION AVENUE ILUPEJU,P.O BOX 13720 IKEJA,LAGOS.
F.A. ONI INSURANCE BROKERS LTD. RBC-468 SW7/3 OBAFEMI AWOLOWO ROAD BEHINDOMEGA BANK PLC.OKEBOLA IBADANOYO STATE.
FAIRDEAL INSURANCE BROKERS LTD. RBC-150 24, EKOLOLU STREET,P.O.BOX 6043 SURULERE,LAGOS.
FAIRWAY INSURANCE BROKERS LTD. RBC-630 7C,OLUSEYI STREET,OFF IBE ROAD,OKOTA,LAGOS
FAITH TRUST INSURANCE BROKERS RBC-414 15 , COMMERCIAL AVENUE 1ST FLOOR YABA P.O BOX 74825,V./ISLAND LAGOS
FASAHA INTERNATIONAL INSURANCE BROKERS RBC-639 BLOCK C3,AMSALCO PLAZA NO. 100 ZOO ROAD,KANO
FAVOUR INSURANCE BROKERS LTD. RBC-375 WAPIC HOUSE RIGTH WING,119,AWOLOWO ROAD,IKOYI LAGOS
FBN INSURANCE BROKERS LIMITED RBC-267 9/11 MACARTHY STREET,ONIKAN,LAGOS
FC&T INSURANCE BROKERS LTD. RBC-116 SUITE WW27,W/WING PAVALLION TAFAWA BALEWA SQUARE P.O.BOX 13488IKEJA LAGOS
FCN INSURANCE BROKERS LTD. RBC-110 99 OGUNLANA DRIVE SURULERE LAGOS,P.O.BOX 560 FALOMO LAGOS
FEMI JOHNSON & COMPANY LTD. RBC-005 1 JIMOH ODUTOLA STREET GBAGIP.M.B 5035 IBADAN,OYO STATE
FENGATE INSURANCE BROKERS LTD. RBC-243 174B, MURTALA MOHAMMED WAY,P.O.BOX 3468 YABA,LAGOS.
FEYBIL INSURANCE BROKERS LTD. RBC-439 WESTERN HOUSE 8/10 BROAD STREETP.M.B. 12957LAGOS
FIDEI INSURANCE BROKERS LTD. RBC-099 33, UNITY ROAD,OFF MOBOLAJI BANK-ANTHONY WAY,LAGOS.
FIDELITY BOND OF NIG. INS.BROKERS LTD. RBC-038 ELEPHANT CEMENT HOUSE,ASSBIFI RD. P.O.BOX 859 IKEJA,LAGOS.
FINANCO BROKERS LTD. RBC-051 43, OKIGWE ROAD,P.O.BOX 2832 OWERRI,IMO STATE.
FIRST COVER INSURANCE BROKERS LTD. RBC-491 BABACORVE HOUSE, 63 SIPEOLU STR.PALMGROOVE SHOMOLULAGOS
FIRST DIAMOND INSURANCE BROKERS LTD.RBC-489 2ND FLOOR, 45, OJO GIWA ROADIDUMOTALAGOS
FIRST DOMINION INSURANCE BROKERS LTD. RBC-170 6, LAKE STREET, OFF BROAD ST.P.O.BOX 3597 MARINALAGOS.
FIRST ECO(WA) INSURANCE BROKERS LTD.RBC-444 2 IKORODU ROAD JIBOWU1ST FLOORLAGOS
FIRST GUARANTY RISK SOLUTION RBC-349 111, OGUNLANA DRIVE,P.O.BOX 1837 SURULERE,LAGOS.
FIRST MUTUAL INSURANCE BROKERS LTD. RBC-400 FIRST MUTUAL PLAZA OFF IDEJO ST.OFF ADEOLA ODEKU ST. V/ISLANDLAGOS.
FIRST STANDARD INSURANCE BROKERS LTD. RBC-433 SUITE H56,KM 22 LAGOS-EPE EXPRESS-WAY LEKKI PENISULA AJA LAGOS
FIRST STEP INSURANCE BROKERS LIMITEDRBC-575 7TH FLOOR 109 AWOLOWO ROAD,IKOYI,LAGOS
FIRST SPRING INSURANCE BROKERS LIMITED RBC-233 PLOT 1611,ADEOLA HOPEWELL STREET,VICTORIA ISLAND LAGOS
FIRST TRUST INSURANCE BROKERS LTD. RBC-161 3 KANTA ROADP.O.BOX 1081,KADUNA
FIRST UNIVERSAL INS. BROKERS LTD. RBC-295 NTIP-FRANKLIN AKINYEMI HOUSE PLOT PC10,ENGINEERING CLOSE V/ISLAND LAGOS.
FIRST-LINK INSURANCE BROKERS LTD. RBC-094 34, OKESUNA STREET(FIRST FLOOR)OFF LEWIS STREETLAGOS.
FLAGSHIP INSURANCE BROKERS LTD. RBC-396 SUITE 3,PLOT598 KASHIM IBRAHIM WAY WUSE 2, ABUJA
FLASH INSURANCE BROKERS LTD. RBC-165 14TH FLOOR GREAT NIGERIA HOUSE47/57 MARTINS STREET LAGOS.
FLETTONS INSURANCE BROKERS LTD. RBC-596 13,EFUNSILE STREET,OFF ITOIKIN ROAD,OPP.FED.LOW COST,HOUSING IKORODU LAGOS
FLOURISH INSURANCE BROKERS LTD. RBC-608 29,MOLEYE STREET,ALAGOMEJI,YABA P.O.BOX 70525,VICTORIA ISLAND LAGOS
FOBS INSURANCE BROKERS LTD RBC-592 21,OPEBI ROAD IKEJA,LAGOS
FOUNTIAN INSURANCE BROKERS LTD. RBC-052 19, TOWN PLANNING WAY,ILUPEJU P.O.BOX 8789 MARINA,LAGOS.
FOUNTIAN TRUST INSURANCE BROKERS LTD. RBC-390 20,WAFF ROAD APAPA.P.O.BOX 70987 VICTORIA ISLAND LAGOS
FRANCHISE INSURANCE BROKERS LTD. RBC-261 34, IKORODU ROAD,FISH HOUSE JIBOWU,P.O.BOX 4736 S/LERE LAGOS.
FRANCO NIGERIA INSURANCE BROKERS LTD. RBC-247 52, ITOLO STREET,OFF ERIC MORE ROAD SURULERE,P.O.BOX 10206, LAGOS.
FRONTIER TRUST INSURANCE BROKERS LTD. RBC-350 1, SULE RUFAI CLOSE BEHIND NITELPLC, OFF C.M.D OLD TOLL GATE LAGOS

FRONTLINE INSURANCE BROKERS LTD. RBC-488 4, RAJI ABAYOMI STREET,OSHODILAGOS

FTB INSURANCE BROKERS LTD. RBC-390 20 WAFF ROAD APAPA,P.O.BOX 70987 VICTORIA ISLAND LAGOS.
FUSL INSURANCE BROKERS LTD. RBC-411 36, ADEOLA HOPEWELL STREET P.O.BOX 74846 VICTORIA ISLAND LAGOS
GALAXY INSURANCE BROKERS LIMITED RBC-577 BLOCK D 2ND FLOOR,LATFAD SHOPPING COMPLEX74/76 AGBADO STATION IJAYE
G & V INSURANCE BROKERS LTD. RBC-227 74, NORMAN WILLIAMS STREET,P.O.BOX 53342 IKOYI,LAGOS.
G.N.BISHOP INSURANCE BROKERS LTD. RBC-056 174, WESTERN AVENUE ,IPONRI - SURULERE,P.M.B 2273 LAGOS.
GAYWOOD INSURANCE BROKERS LTD. RBC-090 257, NNAMDI AZIKIWE AVENUE AWKA,ANAMBRA STATE
GEM INSURANCE BROKERS LTD. RBC-202 214, BAUCHI ROAD APAPA, P.O.BOX 4339,APAPA LAGOS
GENESIS INSURANCE BROKERS LTD. RBC-333 2, OWEH STREET,YABA LAGOS,P.O.BOX 5232, MARINA
GEOMAINS INSURANCE BROKERS LTD. RBC-299 19, IKORODU ROAD JIBOWU,P.O.BOX 7612 LAGOS.LAGOS.
GLANVILL ENTHOVEN & COMPANY (NIG.) LTD.
RBC-058 174, WESTERN AVENUE ,IPONRI - SURULERE,P.M.B 2273 LAGOS.
GLANVILL ENTHOVEN LIFE & PENSION CONSULT. LTD.
RBC-055 174, WESTERN AVENUE ,IPONRI - SURULERE,P.M.B 2273 LAGOS.
GLANVILL ENTHOVEN REINS. BROKERS LTD.RBC-057 174, WESTERN AVENUE ,IPONRI - SURULERE,P.M.B 2273 LAGOS.
GLOBAL ALLIANZ INSURANCE BROKERS LTD.RBC-436 PLOT 41 BAYO OYEWALE STREETOFF PALACE WAY OKOTA,LAGOS.
GLOBAL INSURANCE BROKERS LTD. RBC-181 64, RAUFU WILLIAMS CRESCENT,SURULERE P.O.BOX 70243,VICTORIA ISLAND LAGOS.
GLOBAL RISK ASSOCIATES LTD. RBC-221 47, ALHAJI TOKAN STREET,ALAKA SURULEREP.O.BOX 2150 LAGOS.
GLOBAL RISK NETWORK INSURANCE BROKERS LTD.
RBC-465 3, IYAOLOYE CRESCENTMARYLANDLAGOS
GLOBAL RIKS PERSPECTIVE INSURANCE BROKERS
RBC-574 37,NIGER STREET,UNION BANK BUILDING,KANO
GLOBAL TREND INSURANCE BROKERS LTD.RBC-497 118A AKOWONJO ROAD,EGBEDALAGOS
GLOBE TRADE INSURANCE BROKERS LTD. RBC-503 114 WESTERN AVENUEP.O. BOX 21601 SURULERELAGOS
GOLD CREST INSURANCE BROKERS LTD. RBC-582 71A,SHYLLON STREET,OFF IKORODU ROAD,PALMGROVE,LAGOS
GOLD STANDARD INSURANCE BROKERS LTD. RBC-187 275,BORNO WAY, EBUTE META,P.O.BOX 2822 APAPA,LAGOS.
GOLDEN SHIELD INSURANCE BROKERS LTD. RBC-389 107 BAMGBOSE STREET LAGOS
GOLDFISH INSURANCE BROKERS LTD. RBC-398 3-7 KAKAWA STREET,P.O.BOX 9187 MARINALAGOS
GOLDFUND INSURANCE BROKERS LTD. RBC-408 9, GANA STREET,MAITAMAABUJA
GOLDPOINT INSURANCE BROKERS LTD. RBC-461 SUITE 1 2nd FLOOR PEES GALLERIA 2A, OSBOME ROAD P.O.BOX 75369 V/I LAGOS
GOMBOT INSURANCE BROKERS LTD. RBC-030 7/9 AKINSANMI STREET,OBANIKORO IKORODU ROAD,P.O.BOX 5106 SOMOLU LAGOS.
GOOD GATE INSURANCE BROKERS LTD. RBC-599 133,IGBOSERE ROAD,P.O.BOX 50448 FALOMO LAGOS
GOSHEN INSURANCE BROKERS LIMITED RBC-566 28.KING GEORGE VROAD,ONIKAN LAGOS
GRACIAN INSURANCE BROKERS LTD. RBC-619 LSDPS SHOPPING COMPLEX BODE THOMAS STREET,ALAKA-IPONRI SURULERE LAGOS
GRACE CHURCH INSURANCE BROKERS LTD. RBC-123 59, ADELABU STREET SURULERE,P.O.BOX 54693 IKOYI,LAGOS.
GRAND TRUST INSURANCE BROKERS LTD. RBC-603 61,KUDIRAT ABIOLA WAY,OREGUN,IKEJA LAGOS
GRAND UNION INSURANCE BROKERS LTD. RBC-386 16A COMMERCIAL AVENUESABO YABALAGOS
GREAT HOPE INSURANCE BROKERS LTD. RBC-410 PLOT 141A OLABODE GEORGE STREET,V/ISLANDLAGOS
GREAT PACIFIC INS. BROKERS LTD. RBC-275 174, WESTERN AVENUE ,IPONRI - SURULERE,P.M.B. 2273 LAGOS.
GREATWALL INSURANCE BROKERS LTD. RBC-576 63,ENU-OWA STREET,IDUMOTA LAGOS.
GREATER HEIGHTS INS. BROKERS LTD. RBC-212 29, OKIJA STREET,MILE II DIOBU P/HARCOURT,PORT HARCOURT
GREENLINK INSURANCE BROKERS LTD. RBC-238 11, MAJEKODUNMI STREET,OFF ALLEN AVENUE,BY OSHOPEY PLAZA IKEJA, LAGOS.
GRS INSURANCE BROKERS LTD. RBC-462 SUITE 205 UCHE AYOOLA PLAZA 11,OLORUNLOGBON STREET, ANTHONYVILLAGE LAGOS
GT INSURANCE BROKERS LTD RBC-597 89,Igi-OLUGBIN STREET PETRO ROAD,BARIGA P.O.BOX 1603,SHOMOLU LAGOS
GUARDIAN INTERNATIONAL BROKERS LTD. RBC-178 167, IKORODU ROAD ONIPANU,P.O.BOX 1421 YABA,LAGOS.
GULF INSURANCE BROKERS LTD. RBC-521 28, AFOLABI AINA STREET, OFFALLEN AVENUE IKEJALAGOS
HAFAZ INSURANCE BROKERS LTD. RBC-607 2,OLUSOJI OLADAPO STREET,IJEGUN,LAGOS.
HAKASH & CO.(INSURANCE BROKERS) LTD.RBC-215 22, MOLEYE STREET ALAGOMEJI,P.O.BOX 50628 FALOMO IKOYI,LAGOS.
HALTON INSURANCE BROKERS LTD RBC-278 23 OPEBI ROAD P.O.BOX 17023 IKEJA LAGOS
HANNET INSURANCE BROKERS LTD RBC-635 4,EUPHRATE STREET OPP.REGENT INT.SCHOOL,OFF AMINU KANO CRESCENT MAITAMA
HAN’S INSURANCE BROKERS LTD RBC-240 37/41, FAGGE TAKUDU,P.O.BOX 523 KANO.
HAPATOMAH INSURANCE BROKERS LTD. RBC-346 4, JENGRE ROAD,M/MUHAMMED WAY,P.O.BOX 2833 JOS.
HAVARD INTERNATIONAL INS. BROKERS LTD.
RBC-185 6, GAB JINADU STREET,ILUPEJU IND. ESTATE,P.O.BOX 9478 IKEJA, LAGOS.
HEADSTONE INSURANCE BROKERS LTD. RBC-513 42B,RAYMOND NJOKU STREET,OFF AWOLOWO ROAD,IKOYI,LAGOS
HELMSMAN INSURANCE BROKERS LTD. RBC-236 33, MAYE STREET YABA,G.P.O. 3701 MARINA,LAGOS.
HENRY PHILIPSON INSURANCE BROKERS LTD.
RBC-262 19, MOJIDI STREET,OFF TOYIN STREET,P.O.BOX 2069 IKEJA LAGOS.
HIGHGATE INSURANCE BROKERS LTD. RBC-042 CEDDI TOWERS, 16, WAFF ROAD,APAPA LAGOS.
HIGHTOWER INSURANCE BROKERS LTD. RBC-083 223, IKORODU ROAD, ILUPEJU LAGOS
HIGHWAY INSURANCE BROKERS LTD RBC-545 54,SULE STREET ABEOKUTA EXPRESS ROAD,MANGORO,LAGOS
HILLTOP INSURANCE BROKERS LTD RBC-531 CARAT HOUSE 207B IKORODU ROAD, OBANIKORO LAGOS
HOGG ROBINSON NIGERIA LTD. RBC-001 225, IKORODU ROAD,P.O.BOX 1156 LAGOS.
HOME & OVERSEAS INSURANCE BROKERS RBC-322
LTD 60, OLD MARKET ROAD,P.O.BOX 1047 ONITSHA,
HONEY ROCK INSURANCE BROKERS LTD. RBC-303 42A, LANRE AWOLOKUN STREETGBAGBADA PHASE2, LAGOS
HOPE EQUITY & TRUST INSURANCE BROKERS LTD.
RBC-453 9 AJAYI AINA STREET VIA DEEPERLIFE CHURCH GBAGADA P.O.BOX 16706IKEJA LAGOS.
HOPKINS & MENTOR INSURANCE BROKERSRBC-089
LTD. 4, ALHAJI SALISU STREET,OBANIKORO,P.O.BOX 10689 MARINA LAGOS.
HTL INSURANCE BROKERS LTD. RBC-383 25 BIADUO STREET OFF KEFFI STREETSOUTH WEST IKOYILAGOS
IBPC INSURANCE BROKERS LTD. RBC-571 PLOT 2,CENSUS CLOSE SURULERE
IDEAL INSURANCE BROKERS LTD. RBC-151 5, ATUNWA STREET,OFF UNITY ROAD,P.O.BOX 9407 IKEJA LAGOS.

IFEBOGUN & COMPANY LTD. RBC-194 8, IFEBOGUN CLOSE,OFF LODGE ST. OKE ADO,P.O.BOX 285 IBADAN.
IMAGE BROKERS LTD. RBC-126 METRO PLAZA, PLOT 991/9924TH AVENUE, CENTRAL AREA, GARKIABUJA.
IMPACT BROKERS LTD. RBC-248 68, IWO ROAD,OPP. IBADAN NORTH-EAST SECRE.P.O.BOX 13152 IBADAN.
IMPERIAL TRUST INSURANCE BROKERS LTD.RBC-107 PLOT 274, AJOSE ADEOGUN STREET,VICTORIA ISLAND,P.O.BOX 52554 LAGOS.
INDUSTRIAL & DEVELOPMENT INS. BROKERS LTD.
RBC-318 63-71, BROAD STREET,P.O.BOX 8351 LAGOS.
INDUSTRIAL RISK INSURANCE BROKERS LTD.
RBC-168 114,AZIKIWE ROADP.O.BOX 546 ABAABIA STATE
INFINITE TRUST INSURANCE BROKERS LTD RBC-627 32,NEW ABA JOHNSON CRESCENT,OFF ADENIYI JONES,IKEJA LAGOS
INFINITY INSURANCE BROKERS LTD. RBC-076 10 ADELABU STREET SURULERE ,LAGOS
INLAND INSURANCE BROKERS LTD. RBC-091 NNIL BUILDING 4, WAFF ROAD,P.O.BOX 1403 KADUNA,KADUNA STATE.
INLAND RISK INSURANCE BROKERS LTD. RBC-516 OKOI ARIKPO HOUSE (5TH FLOOR)5 IDOWU TAYLOR STREET, V/ISLANDLAGOS
INSURANCE BROKERS OF NIGERIA LTD. RBC-021 4, ILABERE AVENUE IKOYI,P.O.BOX 2010 MARINA,LAGOS.
INTEGRITY TRUST INSURANCE BROKERS LTD.
RBC-472 71, MC CULLUM STREET EBUTEMETTALAGOS
INTERLINK ASSOCIATES & CO. LTD. RBC-023 77/79, APAPA ROAD EBUTE META,P.O.BOX 390 SURULERE,LAGOS.
INTERNATIONAL CHARTERED INS. BROKERS LTD.
RBC-190 GNI HOUSE 47/57 MARTINS STREET,P.O.BOX 70713 V/ISLAND,LAGOS.
INTERNATIONAL INSURANCE BROKERS LTD.RBC-073 1, BERUIT ROAD,P.O.BOX 1088 KANO.KANO
INTERNATIONAL TRUST INSURANCE BROKERS LTD
RBC-570 1B VICTOR ALGORKHAN CRESCENT,FABAYOMI ROAD MAGODO GRA SANGISHA LAGOS.
IRVING INSURANCE BROKERS LIMITED RBC-554 33,IKORODU ROAD JIBOWU,YABA-LAGOS.
INTRA NIGER INSURANCE BROKERS LTD. RBC-137 8/10, BROAD STREET,12TH FLOOR WESTERN HOUSE,P.O.BOX 3299 LAGOS.
IY MAJESTY BOND INSURANCE BROKERS LTD.
RBC-520 1ST FLOOR EKU HOUSE EFFURUM/SAPELE ROAD WARRIDELTA
J.AKIN-GEORGE & COMPANY LTD. RBC-024 10, BODE THOMAS STREET S/LERE,P.O.BOX 2279 LAGOS.
JAASNA CITY BROKERS LTD. RBC-140 1, SULU BOLAJI STREET,BEHIND BRISTOL HOTEL,P.O.BOX 1014 SURULERE LAGOS.
JACOB & CAROLINE INSURANCE BROKERS RBC-015
LTD. 63A OYEMEKUN ROAD,P.O.BOX 1316 AKURE,ONDO STATE
JAMES INSURANCE BROKERS LTD. RBC-412 34, GLOVER STREET , P.O.BOX 445 EBUTE-METTA, LAGOS
JAO INSURANCE BROKERS & COMPANY LTD. RBC-223 12, KANO ROAD,P.O.BOX 2672 SOKOTO,SOKOTO STATE.
JAYFORD INSURANCE BROKERS LTD. RBC-523 181 KOFO ABAYOMI STREET,VICTORIA ISLANDLAGOS
JOHNHILL INSURANCE BROKERS LTD. RBC-502 41A CORPORATION DRIVEDOLPHIN ESTATE IKOYILAGOS
JOKEN INSURANCE BROKERS LIMITED RBC-484 20 UNITY ROAD,TEX HOUSE,IKEJA
JONADS INSURANCE BROKERS LTD. RBC-072 12, IBRAHIM TAIWO ROAD,P.O.BOX 2833 JOS,PLATEAU STATE.
JONES SIMPLEX & CO. INSURANCE LTD. RBC-079 GNI HOUSE 47/57 MARTINS STREETLAGOS19TH FLOOR
KAL & KAY INSURANCE BROKERS LTD. RBC-035 223, IKORODU ROAD ILUPEJU,P.O.BOX 2292 SURULERE,LAGOS.
KAPEX INSURANCE BROKERS LTD. RBC-242 14A, MURTALA MUHAMMED WAY,P.O. BOX 8994 BENIN,EDO STATE.
KARDINAL INS. BROKERS LTD. RBC-148 NJ 8, JUNCTION ROAD KADUNA,P.O.BOX 5049 KAWO,KADUNA.
KAY-ESS INSURANCE BROKERS LTD. RBC-481 2, AYINDE STREET OFF OGUDU ROADOJOTA, LAGOS P.O.BOX 54030FALOMO IKOYI LAGOS.
KEDGE INSURANCE BROKERS LTD. RBC-455 BLOCK B 2ND FLOOR, ADEBOWALEHOUSE 150 IKORODU ROADLAGOS
KEMEX INSURANCE BROKERS LTD RBC-579 10 UMUNOCHA STREET,INDEPENDENT LAYOUT,ENUGU
KEY INSURANCE BROKERS LTD. RBC-280 PLOT 1 LOKOJA STREET,AREA 8 GARKI, ABUJA.
KHANI INSURANCE BROKERS LTD. RBC-252 26A,LEWIS STREET P.OBOX8713 LAGOS
KIND INSURANCE BROKERS LTD. RBC-274 SW9/379C, FATIMOH STREET,P.O.BOX 16744 DUGBE IBADAN,OYO STATE.
KINGSLEY INSURANCE BROKERS LTD. RBC-264 35,HWLEY STREET, OFF LEWIS STREET,P.OBOX 52437 IKOYI LAGOS
KLEM INSURANCE BROKERS LTD. RBC-302 DATO HOTELS COMPLEX, MANDALASULEJA- ABUJA ROAD ,P.O.BOX 9106 WUSE ,ABUJA.
KOGUNA BABURA INSURANCE BROKERS LTD. RBC-022 27, NORMAN WILLIAMS ST. IKOYI,P.O.BOX 8448 LAGOS.
KOLKUF INSURANCE BROKERS LTD. RBC-131 7, LABOYE LALEYE CLOSE,OFF TAFAWA BALEWA CRESCENT,SURULERE LAGOS.
KUK INSURANCE BROKERS LTD. RBC-034 2A, HERBERT MACAULAY WAY,WUSE, ZONE 5P.M.B 5051 WUSE-ABUJA
KWARA INSURANCE BROKERS LTD. RBC-535 NO 119A,RABELAT HOUSE IBRAHIM TAIWO ROAD ILORIN
LAGOON INSURANCE BROKERS LTD. RBC-377 36, IKORODU ROAD,FISH HOUSE JIBOWU, (3RD. FLOOR.)LAGOS.
LAMBERT WILLIS & ASSOCIATES LTD. RBC-081 ASHAKUN HOUSE,13/15, LAKE STREET,P.O.BOX 3667 LAGOS.
LAND GOLD INSURANCE BROKERS LTD. RBC-078 63, ADENIRAN OGUNSANYA ST.,P.O.BOX 7096 SURULERE,LAGOS.
LANDMARK INSURANCE BROKERS NIG. LTD.RBC-388 BLOCK D, SUITE 2 IBU-AJE OFFICECOMPLEX MDS ROAD, P.O.BOX 1166OSOGBO OSUN STATE
LANTOS INSURANCE BROKERS LTD. RBC-004 GIDAN SHEHU AHMED,2, BANK ROAD,P.O.BOX 4954 KANO.
LAUDABLE INSURANCE BROKERS LTD. RBC-222 NCWS HOUSE 2ND PC 14,AHMED ONIBUDO STREET VICTORIA ISLAND LAGOS
LEAD FORT INSURANCE BROKERS LTD. RBC-601 VALLEY VIEW PLAZA,99,OPEBI ROAD, IKEJA, LAGOS
LEBEC INSURANCE BROKERS LTD. RBC-337 1, PEPPLE STREET, IKEJAGPO BOX 6234LAGOS
LECTERN INSURANCE BROKERS LTD. RBC-625 FIVE OLOSA STREET,OFF KARIMU KOTU STREET, VICTORIA ISLAND LAGOS
LEGACY INSURNCE BROKERS LTD. RBC-404 1, PEPPLE STREET, IKEJAGPO BOX 6234LAGOS
LEGEND ASSOCIATES INSURANCE BROKERS LTD.
RBC-365 SUITE C6, RAJAB PLAZA ,PLOT 907 CADASTRAL ZONE B2 ,AREA 3 JUNCTION , GARKI ABUJA
LEKTOL INSURANCE BROKERS LTD. RBC-163 2, AWAYEWA SERERE CLOSE,OFF ISERI ROAD IKEJA,P.PBOX 14059 IKEJA LAGOS.
LEVERAGE INSURANCE BROKERS LTD. RBC-214 63, OPEBI ROAD P.O.BOX 10272, IKEJALAGOS.
LIB INSURANCE BROKERS LIMITED RBC-558 PLOT303,LIBREVILLE CRESCENT, OFF AMINU KANO STREET WUSE 2,ABUJA.
LIBERTY TRUST INSURANCE BROKERS LTD.RBC-446 1ST FLOOR UNION BANK BUILDING37, NIGER STREET KANO STATE.
LIBRA INSURANCE BROKERS LTD. RBC-050 12, ANIFOWOSE CLOSE, OFF ADENIRAN OGUNSANYA ST. S/LEREP.O.BOX 75150 V/ISLAND, LAG
LIFE TIME INSURANCE BROKERS CO. LTD. RBC-415 90B,ISA KAITA CLOSE ASOKORO ABUJA, FCT.
LIVING SPRING INSURANCE BROKERS LTD RBC-529 SUITE 9,BLOCK A2-1 SURA SHOPING COMPLEX SIMPSON STREET, LAGOS
LINKALL INSURANCE BROKERS LTD. RBC-086 19/21, BREADFRUIT STREET,P.O.BOX 9689 LAGOS.
LIVINGSTONE INSURANCE BROKERS LTD. RBC-449 PLOT 869C BISHOP ABOYADE COLE STREET OFF ADETOKUNBO ADEMOLA STR., VICTORIA ISL

LORDSTONE INSURANCE BROKERS LTD. RBC-482 PLOT 472 ADETOKUNBO ADEMOLA ST.CHICKEN HOUSE ESTATE, WUSEZONE 2 ABUJA.
LOZINGER INSURANCE BROKERS LTD. RBC-265 2, OLUKOLE OSHO STREET,OFF SIMBIAT ABIOLA RD.P.M.B. 21765 IKEJA, LAGOS.
LYN INSURANCE BROKERS LTD. RBC-413 50, OGBIA (MBONU) STREETP.O.BOX 10861, PORT HARCOURTRIVER STATE
M & M INSURANCE BROKERS LTD. RBC-211 7, RANDLE ROAD APAPA,P.O.BOX 7883 IKEJA,LAGOS.
MA’AJI INSURANCE BROKERS LIMITED RBC-376 5 IBRAHIM TAIWO ROAD P.O.BOX 2772 KAWU
MAGNUM TRUST INS. BROKERS LTD. RBC-113 190, IKORODU ROAD PALM GROVE,P.O.BOX 13292 IKEJA,LAGOS.
MAIGARMA INSURANCE BROKERS LTD. RBC-285 2/3, SANI ABACHA WAY,P.O.BOX 1850 KANO.
MAINWAY INSURANCE BROKERS LTD. RBC-103 6, COKER ROAD ILUPEJU,P.O.BOX 8789 MARINA,LAGOS.
MALET INSURANCE BROKERS LTD. RBC-642 7,OKUN FOLAMI STREET ANTHONY VILLAGE
MAN MOUNTAIN INSURANCE BROKERS LTD.RBC-204 4TH COOP BANK BUILDING HABERT MCAULY ST.YABA P.O.BOX 9549 MARINA LAGOS.
MANDATE INSURANCE BROKERS LTD. RBC-301 8, OWEH STREET FADEYI YABA,P.O.BOX 6314 MARINA,LAGOS.
MANNY INSURANCE BROKERS LIMITED RBC-538 28,CELESTIAL WAY OGUDU LAGOS
MARHABAN INSURANCE BROKERS LTD. RBC-027 MIB PLAZA PLOT C67 1ST AVENUEGWARINPA II HOUSING ESTATEABUJA FCT.
MARK OF SECURITY INSURANCE BROKERSRBC-557
LTD 900,AGEDEZ CRESCENT, WUSE 2,ABUJA.
MARVELOUS INSURANCE BROKERS LTD. RBC-589 NUJ LIGHT HOUSE SUITE 5,LEFT WING PLOT 3/5 ADEYEMO ALAKIJA V/I LAGOS
MASCOT INSURANCE BROKERS LTD. RBC-277 WAPIC HOUSE (2ND)119 AWOLOWO ROAD, SOUTH WESTFALOMO-IKOYI, LAGOS
MASUM INSURANCE BROKERS LTD RBC-207 5,OKIRIKA CLOSE OFF,MANUAL STREET,KEFFI S/W IKOYI LAGOS.P.O.BOX52280F/IKOYI
MAYAS INSURANCE BROKERS LTD. RBC-399 SUITE 20 HARPER CRESCENTOPP.EDUCATION RESOURCE CENTREWUSE ZONE 7 P.O.BOX 46
MAYFAIR INSURANCE BROKERS BROKERS LTD.RBC-059 4, ALARA STREET, ONIKE SABO YABAP.O.BOX 54580 FALOMO,IKOYI LAGOS.
MBC INSURANCE BROKERS LTD. RBC-307 SOUTH ATLANTIC PETROLEUM TOWER PLOT 98ADEOLA ODEKU STREET V/ISLAND LAGOS
MC-CULLUM INSURANCE BROKERS LTD. RBC-598 7TH FLOOR INVESTMENT HOUSE,21/25 BROAD STREET LAGOS.
MEGALINK INSURANCE BROKERS LTD. RBC-479 4 CHETA ROAD ,OFF OKRO ROAD,P.O.BOX 7205 TRANS AMADI INDUSTIAL LAYOUT P/HCOURT
MEGATECH INSURANCE BROKERS LTD. RBC-422 152 OBAFEMI AWOLOWO WAYOPPOSITE LAGOS AIRPORT HOTELLAGOS
MEGATREND INSURANCE BROKERS LTD. RBC-416 138, ADEMOLA ADETOKUMBO CRESCENT NEAR PANEL APARTMENT WUSE 2 ABUJA
MEGATRUST INSURANCE BROKERS RBC-479 4,CHETA ROAD OFF OKPORO PORT HARCOURT.
MENTOR & HOPKINS INSURANCE BROKERSRBC-089
LTD 4,ALHAJI SALISU STREET,OBANIKORO,IKORODU ROAD P.O.OX 10689,MARINA LAGOS.
MERCY FAITH INSURANCE BROKERS LTD. RBC-040 150 WARRI/SAPELE ROAD,P.O. BOX 1278 WARRI,DELTA STATE.
METI INSURANCE BROKERS LTD. RBC-605 56,BIRNI KEBBI CRESCENT,GARKI 2,ABUJA
METRIC INSURANCE BROKERS LTD. RBC-048 58, SIMPSON STREET,EBUTE METTA,LAGOS.
METRO PERIL INSURANCE BROKERS LTD. RBC-189 5, SIMPSON STREET,P.O.BOX 56478 FALOMO,LAGOS.
METROSERVE INSURANCE BROKERS LTD. RBC-573 383,AGEGE MOTOR ROAD,DEPTEC OFFICE ILUPEJU BYEPASS,LAGOS
MIB INSURANCE BROKERS LTD. RBC-466 2ND FLOOR 1,OLABODE STREET,OFF MURTALA MOHAMMED INT’L AIRPORT APAKUN OSHODI,L
MIC-MAC INSURANCE BROKERS LTD. RBC-616 5/7ALHAJA KOFOWOROLA STREET,BALOGUN BUS-STOP OFF AWOLOWO WAY IKEJA
MIDLINKS INSURANCE BROKERS LTD. RBC-391 2, ADEBANKE AJAYI STREETSOLUYI GBAGADALAGOS
MIDRON INSURANCE BROKERS LTD. RBC-134 22, GBEMISOLA STREET,OFF ALLEN AVENUE,P.O.BOX 6592 IKEJA, LAGOS.
MIHOG GLOBAL INSURANCE BROKERS LTD.RBC-593 SUITE BC 1&2,MARYLAND BUSINESS PLAZA,MARYLAND P.O.BOX 7229,MARINA,LAGOS
MILESTONE INSURANCE BROKERS LTD. RBC-070 19, PADE ODANYE CLOSE,ADENIYI JONES,P.O.BOX 5500 IKEJA LAGOS.
MILLBANK INSURANCE BROKERS LIMITED RBC-540 SUITE 84,TAFAWA BALEWA SHOPPING COMPLEX P.O.BOX 6629,MARINA,LAGOS
MINET NIG. INSURANCE BROKERS LTD. RBC-033 MINET HOUSE 266,IKORODU ROAD,P.O.BOX 73037 V/ISLAND,LAGOS.
MISSION INSURANCE BROKERS LTD. RBC-425 43,KUDIRAT ABIOLA WAY OREGUN, IKEJA
MODEL INSURANCE BROKERS LTD. RBC-380 136,BODE THOMAS STREET, SURULERE LAGOS
MODERN STANDARD INSURANCE BROKERSRBC-512
LTD. NO 1 CHIEF WOPARA STREET,RUMUMASI PORT HARCOURT
MOTHER WORTH INSURANCE BROKERS LTD. RBC-613 8,OLAFIMIHAN STREET ILASAMAJA,LAGOS.
MULTI-BOND INSURANCE BROKERS LTD. RBC-355 16TH FLOOR WESTERN HOUSE,8/10 BROAD STREET,P.O.BOX 72208 V/ISLAND LAGOS.
MULTIPLE BOND TRUST INSURANCE BROKERS RBC-634 11,LATEEF JAKANDE WAY,AGIDINGBI,IKEJA LAGOS
MULTI-LATERAL INSURANCE BROKERS LTD.RBC-144 CROSS RIVER HOUSE, 42 BISHOP OLUWOLE STREET, P.O.BOX 75579 V/I LAGOS
MULTI TRADE INSURANCE BROKERS LTD. RBC-372 PLOT 35,TEXTILE ROAD,OFF CHALLAWA CRESCENT,BARNAWA GRA KADUNA
MUTUAL ALLIANCE INSURANCE BROKERS LTD.RBC-617 SUITE 207, REGENCY SUITES,NO.17 AHMED ONIBUDO STREET V/ISLAND LAGOS
MUSTARD INSURANCE BROKERS LTD. RBC-049 41,ADELABU STREET SURULERE P.O.BOX 9124
NALEX ASSOCIATES LTD. RBC-061 220 MURTALA MOHAMMED WAY ADEKUNLE BUS STOP YABA.P.O.BOX 1009 IKEJA LAGOS.
NATIONWIDE & GLOBE INSURANCE BROKERS LTD.
RBC-200 1 BEIRUT ROAD,AHMADU DANTATA 1ST FLOOR,KANO.
NATSUN INSURANCE BROKERS LTD. RBC-206 103/105, OJUELEGBA ROAD,SURULERE LAGOS.
NAVIANCO INSURANCE BROKERS RBC-551 362,IKORODU ROAD P.O.BOX 60092,IKOYI,LAGOS.
NELSON UTI INSURANCE BROKERS LTD. LTD.RBC-095 4, WARRI/SAPELE ROAD,P.O.BOX 215 WARRI,DELTA STATE
NETWORK INSURANCE BROKERS LTD. RBC-158 9, POST OFFICE ROAD,P.O.BOX 11665 KANO.
NEW ALLIANCE INSURANCE BROKERS LTD RBC-578 COCOA HOUSE 5TH FLOOR,DUGBE IBADAN
NEWCASTLE INSURANCE BROKERS LIMITED RBC-581 30,LAGOS/ABEOKUTA EXPRESSWAY ,DOPEMU,LAGOS
NEW CENTURY PROTECTION INSURANCE BROKERS
RBC-431 LTD. 6, ELSE FEMI PEARSE STREETV/ISLANDLAGOS
NEW PLANET INSURANCE BROKERS LTD. RBC-066 66, IBIDUN STREET YABA,OFF OJUELEGBA ROAD SURULEREP.O.BOX 2295 SHOMOLU, LAGOS.
NEW-AGE INSURANCE BROKERS LIMITED RBC-268 302/304 IKORODU ROAD ANTHONY BUS STOP
NEWWORLD INSURANEC BROKERS LTD. RBC-368 2/6 MURTALA MOHAMMED WAY ADEKUNLE BUS STOP, UYABA LAGOS
NICHEK INSURANCE BROKERS LTD. RBC-155 208/212, BROAD STREET,P.O.BOX 70828 V/ISLAND,LAGOS.
NIGERIA LIFE & PROVIDENT COMPANY LTD. RBC-141 312, IKORODU ROAD,ANTHONY LAGOS.P.O.BOX 9530 SHOMOLU LAGOS.
NOA INSURANCE BROKERS LTD. RBC-343 9, UNIVERSITY ROAD AKOKA,P.O.BOX 1110 IKEJA,LAGOS.

NOBLE AND LESLEY INSURANCE BROKERS LTD. RBC-183 21, WAREHOUSE ROAD,APAPA LAGOS.
NORTHLINK INSURANCE BROKERS LTD. RBC-282 NIDB HOUSE, 18, WAFF ROAD,P.O.BOX 10262, KADUNA.
NOVELL INSURANCE BROKERS LTD. RBC-293 216,MURTALA MOHAMMED WAY YABA LAGOS.
OILWATER INSURANCE BROKERS LIMITED RBC-533 9,IGIDI STREET ,MENDE-MARRYLAND LAGOS.
OLA ESAN & COMPANY LTD. RBC-125 3-7, NNAMDI AZIKWE STREET,P.O.BOX 3118,LAGOS.
OLIVE INSURANCE BROKERS LTD. RBC-260 216, M/M WAY OPP. ADEKUNLE BUS STOP EBETA- METTA, LAGOS
OLUWAFEMI AYODEJI&CO.INS.BROKERS LTD RBC-563 8,SIMBIAT ABIOLA ROAD, P.O.BOX9029,IKEJA,LAGOS.
OMNISCIENT INSURANCE BROKERS LTD. RBC-441 113 BAALE ANIMASHAUN STREETAKERE ESTATE, KOLINGTON ALAGBADOLAGOS
OMOWELL INSURANCE BROKERS LTD. RBC-626 95-95A OBAFEMI AWOLOWO WAY,OKE ADO, IBADAN
ONWARD INSURANCE BROKERS LTD. RBC-469 SUITE204 AMBEEZ PLAZA,OPPOSITE CAC WUSE ZONE 5, ABUJA.
OPEX INSURANCE BROKERS LTD. RBC-210 28, ABEOKUTA STREET,EBUTE METTA,LAGOS.
OPTIMUM INSURANCE BROKERS LIMITED RBC-612 35/41 SHIPEOLU STREET,PALM GROVE P.O.BOX 2855 SHOMOLU,LAGOS.
OPTIMUM TRUST INSURANCE BROKERS LIMITED RBC-572 NO.1 OLD OWOCHE ROAD PANSEKE C/O P.O.Box 423,IBARA, ABEOKUTA
ORIWU INSURANCE BROKERS LTD. RBC-104 21, SHIPEOLU STREET,P.O.BOX 1400 SHOMOLU,LAGOS.
OWN-STEP INSURANCE BROKERS LTD. RBC-407 52A IKORODU ROADFADEYILAGOS.
OZONIC INSURANCE BROKERS LTD. RBC-534 BLOCK B SUITE 225 SURA SHOPPING COMPLEX SIMPSON STREET,
LAGOS P.O.Box 80020 LAFIAJI
PANDORA INSURANCE BROKERS LTD. RBC-443 SUITE 303 OPIC PLAZAMOBOLAJI BANK ANTHONY WAY IKEJALAGOS
PARAMOUNT EDGE INSURANCE BROKERS LTD. RBC-585 BLOCK A2-1 SUITE 169 SURA SHOPPING COMPLEX SIMPSON STREET,LAGOS
PATER NOSTER INSURANCE BROKERS LTD. RBC-402 PLOT 50A FEMI OKUNNU ESTATELEKKI PENINSULA V/ISLANDP.O.BOX 73720 LAGOS
PATMODIT INSURANCE BROKERS LTD. RBC-014 2ND FLOOR, PATMODIT HOUSE,ELEYELE POLY ROAD,P.O.BOX 184 IBADAN.
PEACE CASTLE INSURANCE BROKERS LTD. RBC-420 11, LATEEF JAKANDE ROADAGIDINGBIIKEJA LAGOS.
PEAK INSURANCE BROKERS LTD. RBC-154 78, BROAD STREET,P.O.BOX 8636 MARINA,LAGOS.
PEAKTHRUST INSURANCE BROKERS LTD. RBC-432 PLOT 859, ABOYADE CLOSEV/ISLANDLAGOS
PEARL INSURANCE BROKERS LTD. RBC-249 235, IGBOSERE ROAD,LAPAL HOUSE,LAGOS.
PECUNIARY & TRUST INS.BROKERS LTD. RBC-065 5, LAIDE TOMORI STREET,OFF MEDICAL ROAD,P.O.BOX 11387 IKEJA, LAGOS.
PENGUIN INSURANCE BROKERS LTD. RBC-234 ELEPHANT CEMENT HOUSE,2ND FLOOR, WING E, CBD, ALAUSAIKEJA LAGOS.
PENTACLE INSURANCE BROKERS LTD. RBC-097 PLOT F182, EWET HOUSING ESTATE,P.O.BOX 1939 UYO,AKWA IBOM STATE.
PERFECT INSURANCE BROKERS LTD. RBC-109 LL16, AHMADU BELLO WAY,P.O.BOX 1182 KADUNA.
PERFECT TRUST INSURANCE BROKERS LTD. RBC-397 SUITE 15,SERVICE CENTREMAMBOLO STREET, ZONE 2 WUSEABUJA
PERIL GUARD INSURANCE BROKERS LTD. RBC-583 174,MURTALA MOHAMMAD WAY,EBUTE METTA,LAGOS
PETRA INSURANCE BROKERS LTD. RBC-169 62, OREGUN ROAD,P.O.BOX 5758 IKEJA,LAGOS.
PIERRA INSURANCE BROKERS LIMITED RBC-565 136,AWOLOWO ROAD ,SOUTH WEST IKOYI,LAGOS
PGI PLATINUM INSURANCE BROKERS LTD. RBC-440 44 OPEBI ROAD 2ND FLOORIKEJALAGOS
PHILEX INSURANCE BROKERS LTD. RBC-117 8 ERIC MOORE ROAD P.O.BOX 4615 S/LERE LAGOS
PINNACLE INSURANCE BROKERS LTD. RBC-172 7, JEMINATU BURAIMOH ST. S/LERE,P.O.BOX 55645 FALOMO,IKOYI LAGOS.
PLATFORM INSURANCE BROKERS LTD RBC-471 5, SIMPSON STREET, P.O. BOX 50231IKEJALAGOS
PLATIEL INSURANCE BROKERS LIMITED RBC-319 47/57, MARTINS STREETP.O.BOX 3475 MARINALAGOS
PLATINUM INSURANCE BROKERS LTD. RBC-342 33 OLADIPO LABINJO STREETP.O.BOX 50404, FALOMO IKOYILAGOS
PLUM INSURANCE BROKERS LTD. RBC-047 169, IGBOSERE ROAD,P.O.BOX 9986 MARINA, LAGOS.
PORTFOLIO INSURANCE BROKERS LTD. RBC-366 169, SHASEGBON STREETIKEJA G.R.A OFF ODUDUWA STREET,LAGOS.
POST INSURANCE BROKERS LTD. RBC-328 14, MARKET STREET,BEHIND LEVENTIS STORE,MARINA LAGOS.
PREFERED INSURANCE BROKERS LTD. RBC-283 248, IKORODU ROAD,P.O.BOX 6634 SHOMOLU,LAGOS.
PREMIER BROKERS LTD. RBC-002 7, OGUI ROAD,P.O.BOX 447 ENUGU,ENUGU.
PREMIUM INSURANCE BROKERS LTD. RBC-096 151, WARRI/SAPELE ROAD,P.O.BOX 2220 WARRI,DELTA STATE
PRESIDENT INSURANCE BROKERS LTD. RBC-108 PLOT 1104 EMEKA ANYAKU STREET,AREA 11,GARKI P.O.BOX 7058 WUSE ABUJA
PRESS-ON INSURANCE BROKERS LTD. RBC-309 8 AKANBI ONITIRI CRECSENT,OFF ERIC MOORE ROAD,SURULERE LAGOS.
PRESTIGE INSURANCE BROKERS LTD. RBC-100 8 ODUNTAN STREET, KETU LAGOS
PRIME INVESTMENT INSURANCE BROKERS LTD. RBC-088 GNI HOUSE BISHOP TUNJI FAGUN RD. P.O.BOX 2026 AKUREP.O.BOX 2026
AKURE,ONDO STATE.
PRIMESERVE INSURANCE BROKERS LIMITED RBC-543 132,MURTALA MOHAMMED WAY EBUTE METTA LAGOS.
PRIORITY INSURANCE BROKERS LIMITED RBC-546 306,IKORODU ROAD,THEODOLITE HOUSE 2NDFLOOR,LAGOS
PRISK INSURANCE BROKERS LTD. RBC-106 15, ABUDU STREET,OFF UNILAG ROAD, ABULE OJA,YABA LAGOS.
PROBITY INSURANCE BROKERS LTD. RBC-317 10,ADEPOJU STREET,IDIROKO,YIDI AGUGU,DUGBE IBADAN
PROMPT INSURANCE BROKERS LTD. RBC-019 25, MBAISE ROAD,P.O.BOX 1197 OWERRI,IMO STATE.
PROFESSIONAL EDGE INSURANCE BROKERS LTD. RBC-629 LOVEPOWER HOUSE PLOT7,AROWOLAJE LAYOUT,BEHIND BFB F/STATION
CHALLENGE I/DAN
PROPERTY&PECUNIARY INSURANCE BROKERS LTD RBC-555 35,OLUWO STREET,IKEJA,LAGOS.
PRUDENCE INSURANCE BROKERS & CONSULTANT LTD. RBC-363 223, IKORODU ROAD ILUPEJU,P.O.BOX 5520 IKEJA,LAGOS.
PRUDENT RISK ADVISORS LTD. RBC-394 12/14 BRAOD STREET P.O.BOX 4656 LAGOS
PRUDENTIAL TRUST INSURANCE BROKERS LTD. RBC-358 KAJOLA HOUSE,(3rd FLOOR) 62/64 CAMBELL STREET,P.M.B.80003 V/I LAGOS
PRUDENTIAL ALLIANCE INS. BROKERS LTD. RBC-292 CRUSADER HOUSE (GROUND FLOOR)16A COMMERCIAL AVENUE YABALAGOS.

PSIBL INSURANCE BROKERS LIMITED RBC-315 PLOT PC10 ENGINEERING CLOSE VICTORIA ISLAND P.O.BOX 52935IKOYI LAGOS
PULSE INSURANCE BROKERS LIMITED RBC-528 11,LATEEF JAKANDE WAY,AGIDINGBI,IKEJA LAGOS
QUALITY INSURANCE BROKERS LTD. RBC-354 MADIFE HOUSEPLOT 3165 HERBERT MACAULAY WAY,WUSE ZONE 5, ABUJA.
QUICKLINK INSURANCE BROKERS LIMITED RBC-560 6,MUYIDEEN ADEOYE STREET,OGUDU,LAGOS
RAHIMBOD INSURANCE BROKERS LTD. RBC-171 7 CHIEF ONITANA ST.OFF ADEBOLA ST.SULULERE P.O BOX 2579 YABA LAGOS
RDS INSURANCE BROKERS LTD. RBC-384 68 MISSISSIPPI STREET,MINISTERS’ HILL, MAITAMAABUJA
REAL INSURANCE BROKERS LTD. RBC-053 75, DOUGLASS ROAD,P.O.BOX 3947 OWERRI,IMO STATE.
REGENT ALLIANCE INSURANCE BROKERS RBC-417 213, IGBOSERE ROAD P.O.BOX 7449, MARINA LAGOS
REHOBOTH INSURANCE BROKERS LTD. RBC-614 SUITE 16,GARKI II SHOPING CENTRE MUHAMMED BUHARI WAY
REMCO INSURANCE BROKERS LTD. RBC-304 38,FOLA AGORO STREET, SHOMOLU,LAGOS.
RESOURCES INSURANCE BROKERS LTD. RBC-353 5,WILLIAM ST. BEHIND AFRIBANK PLAZA OFF BROAD ST P.O.BOX 538996 FALOMO LAGOS
REVELATION INSURANCE BROKERS LTD. RBC-442 SUITE A36 MC LEWIS PLAZA IBB WAY WUSE IIABUJA
RHM INSURANCE BROKERS LTD. RBC-459 1A TAFAWA BALEWA STREET SURULERE LAGOS
RIGTH TIME INSURANCE BROKERS LIMITED RBC-552 7,ABIODUN JEGUN STREET, BESIDE OGBA RETAIL MARKET, OGBA IKEJA, LAGOS
RISK ANALYST INSURANCE BROKERS LTD. RBC-457 4 GRAY STREET, OFF AGNES STREET SABO YABA LAGOS
RISK CONSULTANTS LTD. RBC-174 83, LADIPO STREET, P.O.BOX 831 MUSHIN,LAGOS.
RISK WATCH INSURANCE BROKERS LTD. RBC-026 57, MARINA LAGOSP.O.BOX 71168 VICTORIA ISLAND LAGOS.
RISKGUARD AFRICA INSURANCE BROKERS LTD. RBC-438 ELEPHANT CEMENT HOUSE,3RD FLOOR WING E, ALAUSA IKEJA LAGOS
RISKPLAN INSURANCE BROKERS LTD. RBC-445 PLOT 18A LOKONGOMA PHASE IGANAJA/AJAOKUTA JUNCTION, LOKOJA KOGI STATE.
RISKTECH INSURANCE BROKERS LTD. RBC-039 6, ANIMASHAHUN ST. S/LERE,P.O.BOX 74235 V/ISLAND,LAGOS.
RISKVIEW INSURANCE BROKERS LTD. RBC-454 MARY LAND BUSSINESS PLAZA 350-360 IKORODU ROAD,P.O.BOX 16706,IKEJA LAGOS.
ROKING INSURANCE BROKERS LTD. RBC-334 53B, AKPAPAVA STREET,P.O.BOX 2424 BENIN CITY,EDO STATE.
ROOMANS ENELI FLYNN & COMPANY LTD. RBC-149 49, AWOLOWO ROAD IKOYI, P.O.BOX 1168 LAGOS.
ROSEAT INSURANCE BROKERS LTD. RBC-122 BUFALLO HOUSE,2ND ALLEN AVENUE 4TH FLOOR IKEJA LAGOS
R.T.S.INSURANCE BROKERS LTD RBC-609 19 AJAO ROAD,OFF ADENIYI JONES AVENUE IKEJA, LAGOS.
ROYAL CHANBERS INSURANCE BROKERS LTD RBC-628 8C,OSOLO WAY AJAO ESTATE,BEHIND MR.BIGGS APAKUN, OSHODI
ROYAL CROWN INS. BROKERS LTD. RBC-290 B4,NUPE ROAD OFF BIDA RAOD KADUNA, KADUNA STATE
ROYAL CROWN FIELD INS. BROKERS LTD. RBC-450 SUITE 32 WONDERFUL LORD PLAZA AGBELEKALE BUS STOP OF ABULE-EGBA LAGOS
ROYAL LINK INSURANCE BROKERS LTD. RBC-339 SUITE 1 EXTENSION TAFAWA BALEWA SQUARE COMPLEX ,EAST PAVILLION LAGOS.
ROYAL MARINE & GENERAL INS. BROKERS LTD. RBC-276 PLOT 2479 RAB-DIKKO STREET, BY AREA 11 JUNCTION, OFF SHEHU SHAGARI WAY,
ASOKORO DISRICT.
ROYAL SPRING INSURANCE BROKERS LTD. RBC-636 122,MURTALA MUHAMMED WAY EBUTE-METTA LAGOS.
ROYAL TRUST INSURANCE BROKERS LTD. RBC-186 27 OSOLO WAY OFF M/M INT. AIRPORT RD.AJAO ESTATE, P.O.BOX 12873 IKEJA LAGOS
S.I.OSAS & COMPANY RBC-288 PLOT 26, CORNERSTONE ESTATE,SANYO EXPRESSWAY,P.O.BOX 1181 AGODI, IBADAN.
SAFAD INSURANCE BROKERS LTD. RBC-201 187, OBAFEMI AWOLOWO WAY OKE-ADO, IBADAN OYO STATE.
SAHAB INSURANCE BROKERS LTD. RBC-437 9A POST OFFICE ROAD P.O.BOX 14971,KANO.
SAKIINA INSURANCE BROKERS & COMPANY LTD. RBC-341 1, YANDOKA ROAD, P.O.BOX 442 BAUCHI, BAUCHI STATE.
SAMASH INSURANCE BROKERS LIMITED RBC-064 62/64, CAMPBELL STREET, KAJOLA HOUSE PHASE IIP.O.BOX 377 LAGOS.
SAMENA INSURANCE BROKERS LTD. RBC-173 NO.1 IKOT EKPENE/FACTORY, P.O.BOX 1251 ABA ABIA STATE.
SANRISK INSURANCE BROKERS LTD. RBC-003 23, ASSOCIATION AVENUE ILUPEJU, P.O. BOX 9392,LAGOS.
SANUCOM INSURANCE BROKERS LTD. RBC-358 32, SEINDE CALISTO CRESCENT, P.O. BOX 5211, OSHODI LAGOS.
SARA INSURANCE BROKERS LTD. RBC-387 1 MOBOLAJI BANK ANTHONY WAYP.O.BOX 106 AKEJALAGOS
SCIB NIGERIA COMPANY LTD. RBC-028 66, ADENIRAN OGUNSANYA STREET, SURULERE P.O. BOX 1782 LAGOS.
SECURE INSURANCE BROKERS LTD. RBC-308 1 CHIEF RAIMI ADEDOKUN WAY BY GBAGADA GEN. HOSPITAL GBAGADA P.O.
BOX 70491 VICTORIA LAGOS
SENFORCE INSURANCE BROKERS LTD. RBC-130 PLOT 1501,BISHOP ABOYADE CLOSE V/ISLAND,P.O.BOX 577 MARINA, LAGOS.
SGB INSURANCE BROKERS LTD. RBC-367 20,MARINA P.M.B.12735 LAGOS
SHEPHERD INSURANCE BROKERS LTD. RBC-009 71, APAPA ROAD EBUTE META, P.O.BOX 9334 LAGOS.
SHIELD INSURANCE BROKERS LTD. RBC-205 2A, KEFFI STREET S/W IKOYI,P.O.BOX 51500 FALOMO,IKOYI LAGOS.
SHINNING LIGHT INSURANCE BROKERS LTD RBC-568 NK1 JUNCTION ROAD, AHMADU BELLO STADIUM ROUNDABOUT,KADUNA
SIERRA INSURANCE BROKERS LTD RBC-587 SUITE 18,ESSENCE PLAZA PLOT 2410 LUSAKA STREET ZONE 6,WUSE
SIGMA INSURANCE BROKERS LTD. RBC-294 PLOT 429 N CLOSE 21 ROAD 2ND AVENUE FESTAC TOWN, LAGOS.
SILVER STREET INSURANCE BROKERS LTD. RBC-483 NO 36 NNAMDI AZIKWE AVENUE,UWANI ENUGU
SILVER TRUST INSURANCE BROKERS LTD. RBC-037 SUITE B5, FALOMO SHOPPING COMPLEX P.O.BOX 51549,IKOYI,LAGOS.
SKEEM INSURANCE BROKERS LTD. RBC-329 124 OGUNLANA DRIVE, SURULEREP.O.BOX 72570 V/ISLANDLAGOS
SKYLARK INSURANCE BROKERS LIMITED RBC-487 SUITE 21A,TAFAWA BALEWA COMPLEX P.O.BOX 3166 YABA,LAGOS.
SMOOTHWAY INSURANCE BROKERS LTD. RBC-195 10 ABEOKUTA STREET EBUTE-METTA ,P.O.BOX 3647 SHOMOLU,LAGOS
SOLID ROCK INSURANCE BROKERS LTD. RBC-507 4, AYO ROSIJI CRESCENT G.R.A IKEJA
SOLID TRUST INSURANCE BROKERS LTD. RBC-179 2ND FLOOR ELEPHANT HOUSE IKORODU ROAD ILUPEJU LAGOS
SOLUTIONS INSURANCE BROKERS LTD. RBC-505 31 OKOTA ROAD IREAKARI ESTATEISOLOLAGOS
SONGHAI INSURANCE BROKERS LTD. RBC-393 19, BLANTYRE STREET,OFF ADETOKUNBO ADEMOLA CRESCENT, AZIKIWE
EXPRESS WAYWUSE II ABUJA.
SOUCHE INSURANCE BROKERS LTD. RBC-132 223,IKORODU ROAD,P.O.BOX 10856 IKEJA,LAGOS.

SOURCE INSURANCE BROKERS LTD. RBC-606 NO.3 ODE EZEKIEL STREET, OFF NUHU ALIYU ROAD BARNAWA P.O. BOX 8587 KADUNA
SOUND INSURANCE BROKERS LTD. RBC-225 29B, JAMES WATT ROAD, P.O.BOX 1167, BENIN CITY, EDO STATE.
SPRINGFIELD & CO. INSURANCE BROKERS LTD. RBC-423 114,IKORODU ROAD FADEYI P.O.BOX 3206, LAGOS
STAKE HOLDERS INSURANCE BROKERS LIMITED RBC-604 PLOT 14,NO.2 BWARI ROAD,BYAZHIN, KUBWA.P.O.BOX 9758 GARKI ABUJA
STANDARD INSURANCE CONSULTANT LTD. RBC-008 EGBEDI VILLA, 1 MOHAGAMY STREET, NEW JERICHO G.R.A. IBADAN OYO STATE
STANLEY MORGAN INSURANCE BROKERS LTD. RBC-203 70c ALLEN AVENUE NIKKY AFRICANA PLAZA IKEJA, LAGOS.
STAR INSURANCE BROKERS LTD. RBC-006 84, NNAMDI AZIKWE STREET, P.O.BOX 9241, LAGOS.
STARSHIP INSURANCE BROKERS LTD. RBC-620 10TH FLOOR ALLIED HOUSE 155/161 BROAD STREET LAGOS
STC STARLITE INSURANCE BROKERS LTD. RBC-344 167 IKORODU ROAD ONIPANU LAGOS
STEPHEN & SOLOMON INSURANCE BROKERS LTD. RBC-246 29, MOBOLAJI BANK ANTHONY WAY, BESIDEEKO HOSPITAL PLC P.O.BOX4290,APAPA LAG
STOCK INSURANCE BROKERS LTD. RBC-273 4,OLORUNLOGFBON ST.OFF ANTHONY VILLAGE ROAD, P.O.BOX 1648 MARINA LAGOS.
STOCKBRIDGE INSURANCE BROKERS LTD. RBC-470 10 ADEBAYO MOKUOLU ANTHONY VILLAGE
STRATEGIC INSURANCE BROKERS LTD. RBC-623 11 QUEEN’S BARRACK ROAD,APAPA LAGOS
STRATEGIC ALLIANCE INSURANCE BROKERS LTD. RBC-381 6, TIAMIYU STREET, MENDE MARYLAND LAGOS
SUBTLE INSURANCE BROKERS LTD RBC-637 NO.17 FAGBESEWA STREET, OSOGBO OSUN STATE
SUMMERFIELD INSURANCE BROKERS LTD. RBC-501 AKRON HOUSE ,86,ALLEN AVENUE IKEJA, LAGOS
SUNRISE INSURANCE BROKERS LTD. RBC-188 27, OSOLO WAY AJAO ESTATE P.O.BOX 75641 V/ISLAND LAGOS.
SUPREME EQUITABLE INSURANCE BROKERS LTD. RBC-477 PLOT 734, BLK 27, BABATUNDE ATERE ST. OMOLE PHASE 2 IKEJA LAGOS
SUPREME INSURANCE BROKERS LTD. RBC-114 23, ASSOCIATION AVENUE ILUPEJU,P.O.BOX 6342 SURULERE, LAGOS.
SUPREME TRUST INSURANCE BROKERS LTD RBC-542 NO.33 OLUFUNMILAYO STREET, OFF IYALA STREET, MUSHIN, LAGOS.
SWIFT INSURANCE BROKERS LTD. RBC-522 7,TAMIYU SAVAGE STREET, VICTORIA ISLAND LAGOS.
T. A. BRAITHWAITE INS. BROKERS & CO. LTD. RBC-069 47, MARINA SREET, P.O.BOX 785 LAGOS.
TARGET INSURANCE BROKERS LTD RBC-611 2,KANIKE CLOSE,OFF AWOLOWO ROAD, SOUTH WEST, IKOYI,LAGOS
TELMAK INSURANCE BROKERS LTD. RBC-456 284A MURTALA MOHAMMED WAY EBUTE METTA LAGOS
TEMPLE INSURANCE BROKERS LTD. RBC-496 15/17, ABIMBOLA STREET,ISOLO LAGOS
THE KING & QUEEN INSURANCE BROKERS LTD. RBC-296 7, TOYIN STREET, P.O.BOX 5924 IKEJA,LAGOS.
THE UNITED AFRICAN INSURANCE BROKERS LIMITED RBC-025 33,BODE THOMAS STREET SURULERE. P O.BOX 54334 IKOYI LAGOS
THOMAS HEMBRIDGE INSURANCE BROKERS LTD. RBC-460 3,SAM ADEGBITE OFF SAKA TINUBU, VICTORIA ISLAND LAGOS.
THOMAS INSURANCE BROKERS LTD. RBC-068 3,IBEZIM OBIAJULU STREET, OFF ADELABU STREET, SURULERE LAGOS.
THORNEDGE INSURANCE BROKERS LTD RBC-324 6 RAYMOND NJOKU STREET, SOUTH WEST, IKOYI LAGOS.
THREE-DS BROKERS COMPANY LTD. RBC-041 BLOCK S N.T.C BUILDING P.O.BOX 11052 IBADAN,OYO STATE
TIDY INSURANCE BROKERS LTD. RBC-239 37, ADEKUNLE FAJUYI ROAD,3RD FLOOR MERCHANT HOUSE, G.P.O.BOX 4614 IBADAN.
TIKVA INSURANCE BROKERS LTD. RBC-524 BLOCK A2-4 SUITE 2208221 SURA SHOPPING COMPLEX, SIMPSON STR.
SANDGROUSE P.O.BOX 7932, SHOMOLU
TIME INSURANCE BROKERS LTD. RBC-232 44, ASSOCIATION AVENUE ILUPEJU,P.O.BOX 1086 YABA,LAGOS.
TIP INSURANCE BROKERS LTD. RBC-600 SUITE 123 BLOCK A2-10 SURA SHOPING COMPLEX SIMPSON STREET,LAGOS
TODAY INSURANCE BROKERS LTD. RBC-166 A-8 JUNCTION ROAD,3RD FLOOR OPP. F.M.B.LTD.P.O. BOX 2352 KADUNA.
TON-DYKE INSURANCE BROKERS LTD. RBC-631 26 NNAWORLU STREET,RUMUOGBA, PORT HARCOURT
TOLA DOSUNMU INSURANCE & REINS. BROKERS LTD. RBC-498 101 EGBE ROAD, EJIGBOVIA ISOLOLAGOS
TONIMAS INSURANCE BROKERS LIMITED RBC-569 11 PORTHACOURT ROAD ABA.ABIA STATE
TOP BRACKET INSURANCE BROKER LTD. RBC-175 38, OLD OJO ROAD, AMUWO KUJE, P.O.BOX 6066 FESTAC TOWN,LAGOS.
TORCHMARKS INSURANCE BROKERS LTD. RBC-500 26, OLAPEJU STREET PAPA AJAO MUSHIN LAGOS
TOTAL SECURITY INSURANCE BROKERS LTD RBC-536 SUITE 29-30 MANGAL PLAZA AREA 11,GARKI ABUJA.
TRANSGLOBAL INSURANCE BROKERS LTD. RBC-217 24,BLANTYRE STREET, OFF ADETOKUNBOH ADEMOLA CRESCENT WUSE II ABUJA
TRANSRISK INSURANCE BROKERS LTD. RBC-638 8,EMMANUEL KOLAWOLE STREET, OFF BAJULAIYE ROAD P.O.BOX 6348 SOMOLU
TRIBUTE INSURANCE BROKERS LTD. RBC-588 GRAFIL HOUSE,33,ABEOKUTA STREET, ANIFOWOSHE-IKEJA,LAGOS
TRIO INSURANCE BROKERS LTD RBC-321 7A,LAPAI ROAD UNGWAN RIMI GRA P.O. BOX 2040 KADUNA
TRIPOD INSURANCE BROKERS LTD. RBC-251 26, CONSTITUTION ROAD,P.O.BOX 7656 KADUNA,KADUNA.
TRM INSURANCE BROKERS LIMITED RBC-548 6A,OGUNDANA STREET, OFF ALLEN AVENUE, IKEJA.LAGOS.
TRIPPLE RESOURCE INSURANCE BROKERS LTD. RBC-406 146, BODE THOMAS STREET SURULERE LAGOS.
TROPICAL INSURANCE BROKERS LTD. RBC-623 2ND FLOOR, B&B PLAZA,5,ASHABI COLE STREET, OFF AGIDINBI ROAD,CBD,ALUASA LAGOS
TRUST FORTE INSURANCE BROKERS LTD. RBC-434 7 M/MOHAMMED INTERNATIONAL AIRPORT ROAD AJAO ESTATE LAGOS.
TRUST LINK INSURANCE BROKERS LTD. RBC-495 SUIT 201 2ND FLOOR, PLOT 1950ALGIERS STREET, WUSE ZONE 5ABUJA
TRUSTHOUSE INSURANCE BROKERS LTD. RBC-119 71, MBAISE ROAD, P.M.B 1605 OWERRI IMO STATE
TURNING POINT INSURANCE BROKERS LTD. RBC-427 BLOCK 172, FLAT 1IPONRI HOUSING ESTATE SURULERE LAGOS.
UBA INSURANCE BROKERS LTD. RBC-622 PLOT1662,OYIN JOLAYEMI STREET, VICTORIA ISLAND LAGOS
UNI-CHARTERED INSURANCE BROKERS LTD. RBC-133 122, MURTALA MUHAMMED WAY E/B,P.O.BOX 10592,LAGOS.
UNIMAG INSURANCE BROKERS LTD. RBC-098 25 CHURCH STREET,P.O.BOX2053 MUSHIN LAGOS.
UNION COMMERCIAL INSURANCE BROKERS LTD. RBC-020 142 OBA AKRAN AVENUEP.O.BOX 16062 IKEJA,LAGOS.
UNION GATE INSURANCE BROKERS LTD. RBC-084 29,MOBOLAJI BANK ANTHONY WAY IKEJA LAGOS
UNIQUE FUSION INSURANCE BROKERS LTD. RBC-418 SUITE 15 PEEMOS COMPLEX PLOT 1330 JERE STR. AREA 3 GARKI P.O.BOX 6962, WUSE ABUJA.
UNITED MODERN INSURANCE BROKERS LTD. RBC-177 2, JIBOWU STREET, P.O.BOX 596, SURULERE LAGOS.
UNITED VANGUARD INSURANCE BROKERS LTD. RBC-244 7 EDINBURG ROAD, P.O. BOX 11627 ENUGU, ENUGU STATE.

Yankari Advert
UNIVERSAL ASSURANCE CONSULT BROKERS LTD. RBC-537 PLOT 662 AGADAEZE STREET OFF AMINU KANO CRESCENT WUSE IIABUJA
UPWARDS INTER .INSURANCE BROKERS LTD. RBC-164 5, FAGBENRO SQUARE, OFF RANDLE AVENUE, SURULERE, P.O.BOX 5677
SURULERE LAGOS
UTIB INSURANCE BROKERS LTD. RBC-228 NO.92 YOUNIS BASHORUN STREET OFF AJOSE ADEOGUN V/I P.O BOX 3012
IKEJA LAGOS
VALID INSURANCE BROKERS LTD. RBC-514 ASAA INVESTMENT HOUSE NO.2 MURTALA MOHD SQUARE INDEPENCE WAY KADUNA
VANTAGE INSURANCE BROKERS LTD. RBC-519 2, AGBAOKU CLOSE OFF OPEBI ROADIKEJALAGOS
VERVE INSURANCE BROKERS LTD RBC-539 NO.16 AYANGBUREN ROAD,IKORODU,LAGOS
VIBRANT INSURANCE BROKERS LTD. RBC-111 23, OFF CALABAR STREET,P.O.BOX 2351 HIGH LEVEL,MAKURDI BENUE STATE
VICTORY INSURANCE BROKERS LTD. RBC-403 SUITE L3 RASHFUNK PLAZA IFOSHI RDORILOWO EJIGBO, P.O.BOX 75659V/I LAGOS
VIRGIN INSURANCE BROKERS LTD. RBC-475 59 ADEKUNLE BANJO AVENUESHANGISHA MAGODO P.O.BOX 3567IKEJA LAGOS.
VISION TRUST INSURANCE BROKERS LTD. RBC-499 6B ONIPINLA LANE, OFF ADENIYIJONES IKEJALAGOS
VITAL TRUST INSURANCE BROKERS LTD. RBC-428 PLOT 12 AMUWO ODOFIN HOUSING EST.APAPA OSHODI EXP.WAYP.O.BOX 8023
SURULERE LAGOS
VITTA INSURANCE BROKERS LTD. RBC-298 10, MARKET STREET OFF ABIBU-OKI STREET LAGOS ISLAND P.O.BOX 175
SABO-YABA LAGOS.
VTL INSURANCE BROKERS LTD. RBC-128 NO9A BABA YUSUF CLOSE OFF MAKINDE STREET ALAUSA IKEJA,LAGOS.
WALTHAM INSURANCE BROKERS LTD. RBC-360 25, NNAMDI AZIKIWE STREET,P.O.BOX 71330 VICTORIA ISLAND,LAGOS.
WEMA INSURANCE BROKERS LTD. RBC-435 54 MARINALAGOS ISLANDLAGOS
WEMASEC INSURANCE BROKERS LIMITED RBC-544 LEVENTIS BUILDING,42/43 MARINA P.M.B.12969,LAGOS
WHITE SANDS INSURANCE BROKERS LTD. RBC-176 59, CONER SHOP,LADI KWALI STREET,WUSE ZONE 4 BOX 5255 GARKI ABUJA
WISEWAY INSURANCE BROKERS LTD. RBC-145 SUITE 6&7 FOLASHADE SHOPPINGCOMPLEX BESIDES OLD GOVN. OFFICEP.O.
BOX 712, OSHOGBO OSUN STATE.
WOODLAND INSURANCE BROKERS LTD. RBC-270 15, SAMEK ROAD,P.M.B 1501 OWERRI,IMO STATE.
WORLDLINK INSURANCE BROKERS LTD. RBC-424 SUITE 7,GRAND VIEW PLAZA MAGODO LAGOS,P.O.BOX 9174 IKEJA LAGOS
WORLDMARK INSURANCE BROKERS LTD. RBC-087 SHIPPERS’ PLAZAMICHAEL OPARA STREET,WUSE ZONE 5, ABUJA.
WPN FAITHFUL INSURANCE BROKERS LTD. RBC-429 PLOT 1 OMOLE ESTATE, BAY PETROL STATION ISHERI ROAD, OMOLE P.O.
BOX 2692 AGEGE IKEJA
XCELLENCE & TRUST INSURANCE BROKERS LTD RBC-532 16,WEMPCO ROAD WING A, SUITE 15,OFF AGIDINGBI, IKEJA, LAGOS
XL INSURANCE BROKERS LTD. RBC-351 8, MARINE ROAD APAPA, P.O.BOX 50612, FALOMO IKOYI, LAGOS.
YADAH-G GLOBAL INSURANCE BROKERS LTD RBC-567 5,IFODO STREET, OFF AGIDI ROAD, BY OSHOGUN BUS-STOP ALAPERE KETU
YO&A INSURANCE BROKERS LTD. RBC-463 GRACE HOUSE 13 DUALA ROAD APAPA LAGOS
ZAPHON INSURANCE BROKERS LTD. RBC-602 NO.6 UNITY POINT BAZANGO KUBWA
ZHAN INSURANCE BROKERS LTD. RBC-510 SUIT 12, FAILAHAN BUSINESS SUITES BEHIND AP PLAZA OFF ADETOKUNBO
ADEMOLA STREET ABUJA
ZILLION INSURANCE BROKERS LTD. RBC-590 BLOCK A5,SUITE 7,COMMERCE PLAZA AREA 1,ABUJA

Cancelled Coys.
The underlisted companies are currently under liquidation :

1. Accelerated Insurance co. Ltd. Leventis building, 42/43 Martins street Lagos
2. Altimate Trust Insurance Co. Ltd 63,Allen Avenue ,P.O.Box 14194 Ikeja, Lagos
3. Amicable Assurance Plc 22, Herbert Macauly Street, P.OBox 4715 , Lagos
4. Financial Assurance Company Ltd 1-4 Balogun street ,P.O.Box 9265 Lagos
5. Fortress Insurance Company Ltd. 71,Mbaise Road , P.M.B 1605 Owerri
6. Gateway Insurance company Ltd. 19 Commercial layout, M/Moh. Rd. P.O.Box 1399 , Ilorin
7. Lake Insurance Company Ltd. Drilcon House, 41 Okigwe Rd. P.O.Box 1616 Owerri
8. Marine & General assurance co. Ltd. 194 Broad street ,P.O.Box 3657 , Lagos
9. New Era Insurance Company Ltd. 27/29 Enugu Road , P.M.B 5060, Awka, Anambra state
10. Security Assurance Plc. 177,Ikorodu Road , Palm Grove,P.O.Box 578 Lagos
11. Stallion Assurance Company Ltd. 35/37 Martins Street , Lagos
12. Triumph Assurance Company Ltd. Plot 35 Blk. Xi Annex 7up Road,P.O.Box 1214 Ibadan
13. Unity Life & Fire Insurance Co. 9 Nnamdi Azikiwe Street , P.O.Box 3681 Lagos
14. Val Insurance Company Ltd. 15BPost Office Rd. P.O.Box 736 Kano
NIA TRAINING/CONFERENCE HALL

The NIA Training / Conference Hall is Available for hire
for your:
Training / Workshops
Conferences
Management Meetings and Retreats
Annual General Meetings
Cock Tails
Weekend Meetings etc.
For further details please contact:

Dr. Olusanya Oba
01-2629616, 7743813, 8043359, 0805 509 9996, 0805 540 4863

DIRECTORY OF LOSS ADJUSTERS IN NIGERIA
S/N REG NO NAME OF COMPANY HEAD OFFICE ADDRESS TEL / FAX / EMAIL CHIEF EXECUTIVE REG
1 RAC-021 ASSOCIATED 2/4, BAUCHI ROAD, P.O.BOX 4339, APAPA, 01-587038,5804558, ENGR. F.E.O. 1988
LAGOS. JACKSON-COLE
2 RAC-010 BENEFIT 01-837917,841171 1994
61 TEJUOSHO ST., SURULERE, P.O.BOX 9608, T.A. OKEWOLE
IKEJA LAGOS STATE
3 RAC-019 BENEVOLENT 01-863269 1982
INTERNATIONAL 16 HERBERT MACAULAY ST, P.O.BOX J.D.OLAWOYE
4402,LAGOS
4 RAC-007 BODMAN & COMPANY
01-2646007 1995
SUITE LC7,WEST PAVILION TAFAWA BALEWA MR OWOEYE J.O
5 RAC-023 CANDID SQUARE,P.O.BOX 71294 V/ISLAND 234-1-2882034 1989
C.E. NLEMOHA
48, FALOLU STREET, SURULERE, P.O.BOX 7665,
6 RAC-012 CATLAND IKEJA, LAGOS. 01-4973003 1995
INTERNATIONAL S.F.OLATUBOSUN
2, OLAIDE TOMORI STREET, OFF SIMBIAT ABIOLA
7 RAC-008 CHARTERED ROAD, IKEJA LAGOS.
01-2663816,2640647 1989
GREAT NIGERIA HOUSE, 47/57, MARTINS D.N. MGBOJIKWE
8 RAC-002 CITY STREET, 01-834874,831466,839761 1981
P.O.BOX 4410, MARINA, LAGOS Cityloss@infoweb.abs.net CHIEF ROBINSON O.
OKPARA
9 RAC-015 CLAIMSWATCH 9, WESTERN AVENUE OJUELEGBA P.O.BOX
INTERNATIONAL 2056, 01-831726-5850061 1995
SURULERE LAGOS .
10 RAC-001 CONTINENTAL 01-962448 T. MENSAH 1986
contloss@cyberspace.net.ng
127, OJUELEGBA ROAD, SURULERE LAGOS CHIEF IDOWU T.O.
11 RAC-024 CORPORATE
2ND FLOOR TISCO HOUSE,23 ASSOCIATION 01-864442,864436 1991
AVENUE, ILUPEJU LAGOS
12 RAC-027 CRYSTAL CHIEF LEBI
37, OLONODE STREET, ALAGOMEJI, P.O.BOX 01-848693 OMOBOYOWA 1994
2288,
13 RAC-032 EQUITABLE YABA LAGOS.
01-5850242,5836037 CHIEF T.A. 2001
21, ADEBOLA OJOMU STREET, AGUDA, OLAREWAJU
14 RAC-016 EQUITY SURULERE,
P.O.BOX 611, YABA LAGOS. 01-4973694,/4977183 1991
CHIEF AKINWUNMI S.O
15 RAC-003 EQUITY TRUST TAYLOR WOODROW HOUSE, 10, ABEBE VILLAGE01-520025,4527028,4527029/
ROAD, IGANMU, P.O.BOX 10019, LAGOS. 1991
4527026
etla@nova.net.ng
BABATUNDE FADUN
13,BASHIRU OWEH ST OFF MEDICAL ROAD,
16 RAC-011 FEDERATED P.O.BOX 9922,IKEJA 1991
01-4974844,4974848
S.A.I. SOTOMI
17 RAC-030 GLOBE 17, M MOHAMMED INTER. AIRPORT, AJAO 1995
01-932579,493259
ESTATE,
P.O.BOX 13230, IKEJA LAGOS. BOLA ELEYINMI
18 RAC-004 GRAND METROPOLITAN 1977
01-836705,836712
grandnet@mertrong.com
ASSOCIATES F.N. IKE
BLK(MKO ABIOLA CRESENT CBD IKEJA
19 RAC-026 INSURANCE
TECHNICAL SER. 565 AGEGE MOTOR ROAD, SHOGUNLE, IKEJA 01-3425304 1988
CHIEF P.O.N.
P.O.BOX 2845, SURULERE LAGOS. EGBUNIWE
20 RAC-006 INTERNATIONAL 1979
4930881-2,4705230,4936452,
HOUSE OF GOLD, 100, OSHODI-APAPA EXP. WAY,
4930881-2,4936452
ila@hyperia.com
CELE B/STOP, OKOTA P.O.BOX 9732.LAGOS
YINKA LIJADU 2003
21 RAC-035 MAJORISK 01-5874693-4,08023061336/
INTERNATIONAL 16A COMMERCIAL AVENUE SABO YABA-LAGOS 5874693
majorisk@yahoo.com MR PROTTEY B.B
221, IKORODU ROAD, ILUPEJU, P.O.BOX 3704

1990
22 RAC-031 PAN AFRICAN LAGOS. 01-4808844
MR. S.F. HASSAN
1978
23 RAC-013 PRECISION 21,CAULDRICK CRESCENT, APAPA LAGOS. 01-5841163
I.ADEGBOLU 1991
24 RAC-022 PRIME 01-960873
1A,ADEMOSO CLOSE,NEAR AIRFORCE,BASE
J.A.KOMOLAFE 1995
25 RAC-028 PROFESSIONAL 01-836705,5453334/832411,
RISK SURVEYORS ADJUSTERS HOUSE, 10, OMILANI STREET, 521951
IJESHA- E.A. ADEBIYI 1994
26 ROYAL TRUST 082-220464

S/N REG NO NAME OF COMPANY HEAD OFFICE ADDRESS TEL / FAX / EMAIL CHIEF EXECUTIVE REG
27 RAC-005 TEDO,SURULERE P.O.BOX 1786, MARINA 1989

RAC-020 SEARCHLIGHT LAGOS PATRICK O. AMECHI
28 7, AKINREMI ST.OFF OBAFEMI 01- 1984

RAC-025 SECURE AWOLOWO WAY, 2622217,616718/26222 BONY ALANEME DURU
IKEJA, P.O.BOX 10260IKEJA 17 D.M. OCHEI
29 1995
RAC-029 STANDARD 243/245 APAPA ROAD BY IJORA stdadj@rcl.ng.com
CASEWAY, IJORA, 01-2666439 AKINWUNMI M.A.L
30 P.O.BOX 9754, LAGOS. 1991
RAC-018 TECHNIQUE
27 ST. MICHAEL’S ROAD P.O.BOX 1601, 01-844089 M.B. OGUNLEYE
31 ABA 1987
RAC-009 TIMOTHY FOLORUNSO
22, OJEKALE STREET, OFF ODUNSI
MAKINDE STREET, 02-2313225 RALPH N. OPARA
32 BARIGA, P.O.BOX 53838, IKOYI LAGOS. 1990
RAC-014 VERA
INTERNATIONAL BLK,A 16TH FLOOR,EKO COURT 01-824063 T.F.MAKINDE
33 COMPLEX 1978
RAC-017 YINKA OMILANI AND
KOFO ABAYOMI STR,V/ISLAND
ASSOCIATES 01-5873297,5876696 E.O. OKONKWO
34 37,MARINA,P.O.BOX 7449
RAC-033 NEW TREND MARINA,LAGOS
01-4973658 SHADE AJAYI
35 2004
RAC-034 AURA TRUST 6B,LATEEF SANNI STR,VIA AGUNLEJIKA
36 STR, 01-860344,4717274 2004
RAC-036 FORTUNE OFF IJESHA ROAD P.O.BOX 6109
01-4973210
FOREMOST IND. SW9/1525A ABA ALAMU RD, OFF OREKOYA GBENGA 2004
ABEOKUTA RD,
APATA, P.O.BOX 2862,IBADAN OYO 01-8133633
STATE.
2B COMMUNITY ROAD AKOKA, YABA
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NIGERIA - MONTHLY INFLATION RATE: 1991 - 2007

NIGERIA BRIEF FACTS
EXCHANGE RATES
Monday, January 7th, 2008
Buying Rate Central Rate Selling Rate
Currency (NGN) (NGN) (NGN)
YEN 1.4356 1.4411 1.4466
WAUA 200.2452 201.0139 201.7826
US DOLLAR 130.25 130.75 131.25
SWISS FRANC 121.7403 122.2077 122.675
RIYAL 34.7333 34.8667 35.0
POUNDS STERLING 189.5919 190.3197 191.0475
EURO 182.7017 183.4031 184.1044
Source: Central Bank of Nigeria at 29th Dec. 08
Population Index
Population Growth Rate - 2.38%
Infant Mortality - 97.14 death/1,000
Birth Rate - 40.43/1,000
Death Rate - 16.94/1,000
Ecomony
Gross Domestic Product (GDP) - 6.2%
Industrial Growth - 2.4%
Electricity Consumption - 14.56 bkwh
Oil Consumption - 450,000 bpd
Source: Financial Standard Monday 29th Dec. 2008

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PRINCIPAL OFFICERS OF THE ASSOCIATIO

Wole B. Oshin, Esq.

Gbenga Afolayan, Esq. Bode Akinboye, Esq.

Godwin U. S. Wiggle, Esq. Ezekiel O. Chiejina, Esq.

Editor-in-Chief - Ezekiel O. Chiejina, Esq.

Chief Technical Adviser - Wole Oshin, Esq.

Technical Adviser - Gbenga Afolayan, Esq.

Editor - R. W. Badejo, Esq.

Member - O. Y. Idowu, (Mrs)

Member - Christian Agbewhe, Esq.

Member - Olusanya Oba, PhD

Member - O. O. Fowora, Esq.

Member - T. O. Oyafemi, Esq.

NIGERIAN INSURERS ASSOCIATION I

NIGERIAN INSURERS ASSOCIATION II

NIGERIAN INSURERS ASSOCIATION III

APPLICATION OF LIFE TABLES AND COMPOUND INTEREST IN CONSTRUCTION OF

NIGERIAN INSURERS ASSOCIATION IV

NIGERIAN INSURERS ASSOCIATION V

national economy and the Insurance industry.

The technical Committees of the Association have the following responsibilities:

NIGERIAN INSURERS ASSOCIATION VI

The above objectives are achieved by:

NIGERIAN INSURERS ASSOCIATION VII

human capacity to underwrite hi-tech, and oil and gas risks.

2007 as against N82.29 billions in 2006, representing an increase of 22.3%.

WOLE B. OSHIN, ESQ.

GBENGA AFOLAYAN, ESQ.

BODE AKINBOYE, ESQ. GODWIN U. S. WIGGLE, ESQ.

SEGUN BALOGUN, ESQ. EDDY EFEKOHA, ESQ.

JACOB ERHABOR, ESQ. CHIEF THEOPHILUS EGESI-EKE

OLUMIDE FALOHUN, ESQ. MRS. SEYI IFATUROTI

ALHAJI MOHAMMED KARI A. J. KRUGER, ESQ

F. K. LAWAL ESQ OYE HASSAN-ODUKALE, mfr

REMI OLOWUDE, ESQ. A. N. OVIOSU, ESQ.

S.O. OYEFESO ESQ TOPE SMART, ESQ.

J. C. URANTA, ESQ K. K. YUSUF, ESQ

NIGERIAN INSURERS ASSOCIATION X

Ezekiel O. Chiejina, Esq.

Mrs. O. Y. Idowu Dr. Olusanya Oba

Christian Agbewhe, Esq. Mrs. Bola Omole

Davis Iyasere, Esq.

Mrs. Bose Agbogun

NIGERIAN INSURERS ASSOCIATION XI

ACCIDENT OFFICES COMMITTEE

ACCOUNTING TECHNICAL COMMITTEE

CORPORATE AFFAIRS COMMITTEE

FIRE OFFICES COMMITTEE

HUMAN CAPITAL MANAGEMENT COMMITTEE

INFORMATION TECHNOLOGY COMMITTEE

LIFE OFFICES COMMITTEE

MARINE OFFICES COMMITTEE

MOTOR TECHNICAL COMMITTEE

NIGERIAN INSURERS ASSOCIATION XII

S/N NAME OF COMPANY CLASS OF BUSINESS

1 A & G INSURANCE CO. LIMITED GENERAL BUSINESS

NIGERIAN INSURERS ASSOCIATION 01

DATE OF COMMENCEMENT OF OPERATION:- 26TH MAY, 1977 DATE OF INCORPORATION 1970

6. 2, MAIN STREET, ZARIA - TEL. 069 333057

NIGERIAN INSURERS ASSOCIATION 02

NIGERIAN INSURERS ASSOCIATION 03

CRYSTALIFE ASSURANCE CO. LIMITED GOLDLINK LIFE ASSURANCE LIMITED

NIGERIAN INSURERS ASSOCIATION 04

NIGERIAN INSURERS ASSOCIATION 05