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Last 0.50 NGN
Change Today 0.00 / 0.00%
Volume 0.0
As of 9:30 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

prestige assurance co plc (PRESTIGE) Snapshot

Previous Close
Day High
Day Low
52 Week High
11/3/14 - 0.53
52 Week Low
08/29/14 - 0.50
Market Cap
Average Volume 10 Days
Shares Outstanding
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prestige assurance co plc (PRESTIGE) Details

Prestige Assurance Plc provides non-life insurance products and services in Nigeria. The company offers insurance products in the areas of motor, marine, bond, engineering, fire, aviation, oil and gas, and general accident. It also provides boilers, all risks, workmen’s compensation, fidelity guarantee, machinery breakdown, group personal accident, fire and allied perils, combined fire and theft, burglary, and consequential loss insurance products. It serves conglomerates, steel and iron ore companies, manufacturing and warehouse businesses, and banks and other financial institutions, as well as engineering and construction, information technology, telecommunication, textile, plastics, pharmaceuticals, and oil and gas companies. The company was founded in 1952 and is headquartered in Lagos, Nigeria. Prestige Assurance Plc is a subsidiary of The New India Assurance Company Limited.

82 Employees
Last Reported Date: 04/30/15
Founded in 1952

prestige assurance co plc (PRESTIGE) Top Compensated Officers

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prestige assurance co plc (PRESTIGE) Key Developments

Prestige Assurance plc Reports Earnings Results for the Financial Year Ended 31 December, 2014

Prestige Assurance Plc reported earnings results for the financial year ended 31 December, 2014. For the year, the company reported gross premium written income of NGN 2.65 billion for the financial year ended 31 December, 2014. Net premium income for the period amounted to NGN 1.33 billion. Profit before tax records NGN 176.75 million, while profit after tax amounted to NGN 14.18 million.

Prestige Assurance Plc Announces Board Changes

Prestige Assurance Plc announced the resignation of three of its directors from the Board of the company. Chief C. S. Sankey resigned as Chairman, Mr. J. O. Adewole Mr. R. Hathiramani resigned as directors. The company has announced the appointment of Mr. G. Srinivasan as the Chairman and Mr. Chandranat Kale as Executive Director respectively. Mr. G. Srinivasan has 35 years of experience in General Insurance Industry at various places in India and abroad, both at operations and corporate management level. He was the Managing Director of New India Assurance Co. Ltd. (Trinidad & Tobago) in the Caribbean (2001-2005). He also served as the General Manager at New India Assurance (2005-2007) and CMD of United India Insurance Co. Ltd. from 2007 - 2012. Mr. Srinivasan is currently the Chairman and Managing Director of New India Assurance Co Ltd. Mr. Chandrakant Rajaram Kale was seconded from New India Assurance Co. Ltd. to Prestige Assurance Plc and has 24 years of experience in general insurance industry in India and 5 years general insurance industry in Nigeria including underwriting, legal, marketing, claims, administration and risk management. He was the General Manager Risks Control prior to his appointment on the Board of Prestige.


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