What Does Prestige Assurance Plc Do?

Total employees153
HeadquartersVictoria Island, Lagos
Founded1952

Prestige Assurance Plc is a prominent general insurance company in Nigeria, incorporated in 1952. It offers a comprehensive suite of non-life insurance products and services to individual, corporate, and institutional clients. With a strong heritage and a commitment to financial stability and customer satisfaction, Prestige Assurance Plc aims to be a leading insurer by providing reliable risk management solutions and contributing to the growth of the Nigerian economy. The company is publicly listed on the Nigerian Exchange Group (NGX) and is a subsidiary of New India Assurance Company Ltd, Mumbai.

Where Is Prestige Assurance Plc's Headquarters?

HQ Function

Serves as the central administrative and operational hub for Prestige Assurance Plc, overseeing underwriting, claims management, strategic planning, finance, and corporate services for its nationwide operations.

Notable Features:

Modern office building strategically located in Victoria Island, Lagos's prime business and financial district, offering convenient access for clients and partners. The facility is equipped to support the company's core insurance operations.

Work Culture:

A professional and ethical work environment focused on customer satisfaction, employee development, integrity, and teamwork. The culture encourages innovation and aims to foster excellence in insurance service delivery.

HQ Significance:

The headquarters is pivotal for coordinating the company's extensive branch network across Nigeria and for maintaining relationships with key stakeholders, regulators, and reinsurance partners, thereby driving its market leadership and strategic initiatives.

Values Reflected in HQ: The headquarters' location and facilities aim to reflect the company's core values of stability, professionalism, customer-centricity, accessibility, and its commitment to serving the Nigerian market with integrity.

Location:

While Prestige Assurance Plc's primary operations are concentrated within Nigeria, it maintains a global outlook through its parent company, New India Assurance Company Ltd (Mumbai), one of the largest general insurers in Afro-Asia. This connection facilitates access to international best practices, expertise, and reinsurance capacity, enabling Prestige Assurance to offer robust and globally benchmarked insurance solutions to its Nigerian clientele. Direct service delivery and branch networks are focused on the Nigerian market.

Street Address:

19, Ligali Ayorinde Street

City:

Victoria Island, Lagos

State/Province:

Lagos State

Country:

Nigeria

Where Else Does Prestige Assurance Plc Operate Around the World?

Abuja, FCT, Nigeria

Address: Ground Floor, Phase 1, Federal Secretariat Complex, Shehu Shagari Way, Abuja, F.C.T.

To expand market reach and provide localized support in the Federal Capital Territory, a significant economic and administrative hub, ensuring accessibility of insurance solutions.

Port Harcourt, Rivers State, Nigeria

Address: 2nd Floor, Left Wing, 1A, Forces Avenue, Old GRA, Port Harcourt, Rivers State.

Strategic presence in a major oil-producing and commercial port city to cater to specific industrial and business insurance demands of the South-South geopolitical zone.

Ibadan, Oyo State, Nigeria

Address: Broking House, 1, Alhaji Jimoh Odutola Road, Ibadan, Oyo State.

To provide accessible insurance services and strengthen market penetration in Oyo State and the wider South-West region, outside Lagos, supporting local economic activities.

Kano, Kano State, Nigeria

Address: 3, Niger Street, Opposite UBA, Kano, Kano State.

To cater to the significant commercial activities and population in Kano and the surrounding Northern states, offering tailored insurance solutions for diverse needs.

Buying Intent Signals for Prestige Assurance Plc

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Prestige Assurance Plc? Meet the Executive Team

As of April 2025, Prestige Assurance Plc' leadership includes:

Mr. Sarbeswar Sahoo - Managing Director/CEO
Mr. Rajesh Kumar Karki - Executive Director (Technical)
Mr. Emmanuel Olayiwola Oluwadare - Chief Financial Officer
Mr. Chidinma Ibeawuchi - Company Secretary / Legal Adviser
Mrs. Rekha G. Gopalan - Head, Internal Audit

Who's Investing in Prestige Assurance Plc?

Prestige Assurance Plc has been backed by several prominent investors over the years, including:

New India Assurance Company Limited (Mumbai, India)
Leadway Assurance Company Limited (Nigeria)

What Leadership Changes Has Prestige Assurance Plc Seen Recently?

Hire1
Exits1

Prestige Assurance Plc experienced some key changes in its board composition over the past year, including new appointments and retirements, reflecting ongoing strategic governance updates and board refreshment.

Departures

Mr. Muftau Oyegunle, Mr. Muftau Oyegunle retired from the Board as an Independent Non-Executive Director.

New Appointments:

Mrs. Aderonke Adedeji, Mrs. Aderonke Adedeji appointed as a Non-Executive Director to the board.

What Technology (Tech Stack) Is Used byPrestige Assurance Plc?

Discover the tools Prestige Assurance Plc uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Prestige Assurance Plc Email Formats and Examples

Prestige Assurance Plc likely utilizes standard corporate email formats for its employees. Common patterns include [first_initial][last_name]@prestigeassuranceplc.com or [first_name].[last_name]@prestigeassuranceplc.com. For general inquiries, they provide specific addresses such as info@prestigeassuranceplc.com and customercare@prestigeassuranceplc.com.

[first_initial][last_name]@prestigeassuranceplc.com or [first_name].[last_name]@prestigeassuranceplc.com

Format

ssahoo@prestigeassuranceplc.com or sarbeswar.sahoo@prestigeassuranceplc.com (example based on common formats)

Example

75%

Success rate

What's the Latest News About Prestige Assurance Plc?

ThisDay LiveMay 17, 2024

Prestige Assurance Plc Records N12.35bn Gross Premium Written, Pays N195m Dividend

Prestige Assurance Plc announced a gross premium written of N12.35 billion for the financial year ended December 31, 2023, an increase from N10.07 billion in 2022. The company also declared a dividend of N195.08 million, which translates to 1.5 kobo per share for its shareholders....more

Proshare NigeriaApril 30, 2024

Prestige Assurance Plc Declares N1.06bn PAT in Q1 2024 Results (SP: N0.53k)

Prestige Assurance Plc released its unaudited financial results for the first quarter of 2024, reporting a Profit After Tax (PAT) of N1.06 billion. This marks a significant improvement compared to the corresponding period in the previous year, with Gross Premium Written also showing growth....more

Nigerian Exchange Group (NGX)February 29, 2024

Prestige Assurance Plc Notifies of Closed Period for Trading its Shares

Prestige Assurance Plc informed the Nigerian Exchange Limited and the investing public of the commencement of a Closed Period for trading in the company’s shares from February 29, 2024, until 24 hours after the 2023 Audited Financial Statements are released....more

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