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Staco Insurance Plc is a well-established insurance company operating in Nigeria, offering a comprehensive range of general insurance products and services. Incorporated in 1991 and commencing operations in 1994, the company has aimed to provide risk underwriting and management solutions to individuals, businesses, and government agencies. Staco Insurance focuses on delivering reliable and innovative insurance coverage, including oil & gas, marine, aviation, engineering, and general accident policies, contributing to financial security for its clients.
The headquarters serves as the central administrative and operational base for Staco Insurance Plc, overseeing strategic decision-making, underwriting policies, claims management, financial operations, and corporate governance for its national activities.
The head office is situated in a modern office building with accessibility via a major expressway, designed to facilitate efficient company operations and client interactions. Specific architectural highlights are not widely publicized.
The work culture at Staco Insurance Plc's headquarters is expected to be professional, customer-focused, and results-oriented, reflecting the standards of the financial services and insurance industry. Emphasis is likely placed on teamwork, ethical conduct, and adapting to market dynamics.
The Lagos headquarters is crucial as it positions Staco Insurance Plc within Nigeria's primary economic center, allowing for direct engagement with a large customer base, regulatory bodies, and key industry partners.
Staco Insurance Plc's operations are primarily focused on the Nigerian market. Its international engagement largely involves reinsurance partnerships with global firms to manage substantial risks and enhance its capacity to underwrite diverse policies. The company may also provide services to Nigerian-based clients with international interests.
Plot 171, Anthony/Gbagada Expressway, Opposite UPS, Oworonshoki
Lagos
Lagos State
Nigeria
Address: Plot 267, Olu Obasanjo Road, Port Harcourt, Rivers State (based on historical data)
To enhance market presence, manage regional risks, and offer tailored insurance solutions to clients in Rivers State and surrounding areas.
Address: Labour House, Ground Floor, Central Business District, Abuja, FCT (based on historical data)
To solidify Staco's footprint in the federal capital, ensuring accessibility of insurance services and fostering relationships with public and private sector organizations.
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As of April 2025, Staco Insurance Plc' leadership includes:
Staco Insurance Plc has been backed by several prominent investors over the years, including:
Staco Insurance Plc has recently navigated a period of regulatory oversight, including actions by the National Insurance Commission (NAICOM) such as the prior appointment of an interim board. In February 2024, NAICOM lifted the operational suspension on the company. This indicates ongoing efforts to stabilize and potentially reconstitute its permanent leadership and governance structures. Specific, publicly announced individual executive hires or departures in the last 12 months have been limited, with changes largely influenced by these regulatory interventions.
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Common email formats for Staco Insurance Plc are likely to follow standard corporate patterns, typically combining employee names with the company domain. The exact current formats would require verification.
[first_initial][last_name]@stacoplc.com (e.g., jdoe@stacoplc.com) or [first_name].[last_name]@stacoplc.com (e.g., jane.doe@stacoplc.com)
Format
info@stacoplc.com
Example
60%
Success rate
Nairametrics • February 12, 2024
Nigeria's insurance regulator, the National Insurance Commission (NAICOM), officially lifted the operational suspension previously imposed on Staco Insurance Plc. This decision allows Staco Insurance to resume its business activities, following interventions aimed at addressing solvency and corporate governance issues....more
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