What Does Staco Insurance Plc Do?

Total employees150
HeadquartersLagos
Founded1991

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.

Where Is Staco Insurance Plc's Headquarters?

Staco Insurance Plc officeStaco Insurance Plc officeStaco Insurance Plc officeStaco Insurance Plc office
*Images sourced via web search. Rights belong to original owners

HQ Function

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.

Notable Features:

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.

Work Culture:

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.

HQ Significance:

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.

Values Reflected in HQ: The headquarters' operations and accessible location aim to reflect Staco's intended values of reliability, customer service, and professionalism in the Nigerian insurance sector.

Location:

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.

Street Address:

Plot 171, Anthony/Gbagada Expressway, Opposite UPS, Oworonshoki

City:

Lagos

State/Province:

Lagos State

Country:

Nigeria

Where Else Does Staco Insurance Plc Operate Around the World?

Port Harcourt, Rivers 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.

Abuja, FCT, Nigeria

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.

Buying Intent Signals for Staco Insurance 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 Staco Insurance Plc? Meet the Executive Team

As of April 2025, Staco Insurance Plc' leadership includes:

Mr. Bayo Fakorede - Managing Director / Chief Executive Officer (Recent/Acting)
Mr. Muhammad Al-Mustapha Bintube - Chairman, Board of Directors (Recent/Interim)
Mr. Oluyemi Ojo - Executive Director, Finance & Administration (Recent)
Mr. Iwueseter Terna - Executive Director, Marketing (Recent)

Who's Investing in Staco Insurance Plc?

Staco Insurance Plc has been backed by several prominent investors over the years, including:

Public Shareholders (the company was listed on the Nigerian Exchange Group)
Various Institutional Investors
Private Stakeholders

What Leadership Changes Has Staco Insurance Plc Seen Recently?

Hire0
Exits0

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.

What Technology (Tech Stack) Is Used byStaco Insurance Plc?

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

Staco Insurance Plc Email Formats and Examples

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

What's the Latest News About Staco Insurance Plc?

NairametricsFebruary 12, 2024

Staco Insurance Plc: NAICOM Lifts Suspension After Restructuring

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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