Recapitalisation: NAICOM Clears 43 Companies

In a notice dated 31st July 2026 and addressed to the general public, *NAICOM* published the full list of 41 insurance and 2 reinsurance companies that met the July 31, 2026 recapitalisation deadline as follows. In a notice dated 31st July 2026 and addressed to the general public, *NAICOM* published the full list of 41 insurance and 2 reinsurance companies that met the July 31, 2026 recapitalisation deadline as follows. *Insurance companies* * Zenith General Insurance Company Limited (Non-Life) * Leadway Assurance Company Limited (Composite) * Custodian Life Assurance Limited (Life) * Custodian and Allied Insurance Limited (Non-Life) * NEM Insurance Plc (Non-Life) * AIICO Insurance Plc (Composite) * CHI Life Assurance Limited (Life) * Heirs General Insurance Limited (Non-Life) * Fin Insurance Company Limited (Non-Life) * Cornerstone Insurance Plc (Composite) * Mutual Benefits Assurance Plc (Non-Life) * Heirs Life Assurance Limited (Life) * Fin Insurance Company Limited (Non-Life) * Tangerine General Insurance Ltd (Non-Life) * Capital Express Indemnity Insurance Limited (Non-Life) * Sanlam-Allianz General Insurance Nigeria Ltd (Non-Life) * Prudential Zenith Life Insurance Ltd (Life) * Consolidated Hallmark Insurance Limited (Non-Life) * Stanbic IBTC Insurance Limited (Life) * Sanlam-Allianz Life Insurance Nigeria Limited (Life) * Sterling Assurance Nigeria Limited (Non-Life) * AXA Mansard Insurance Plc (Composite) * Unitrust Insurance Co. Limited (Non-Life) * Capital Express Life Assurance Limited (Life) * Mutual Benefits Life Assurance Ltd (Life) * NSIA Insurance Limited (Non-Life) * Rex Insurance Limited (Non-Life) * LASACO Assurance Plc (Composite) * Linkage Assurance Plc (Non-Life) * Anchor Insurance Company Ltd (Non-Life) * Enterprise Life Assurance Company (Nigeria) Ltd (Life) * Sunu Assurances Nigeria Plc (Non-Life) * KBL Insurance Ltd (Non-Life) * International Energy Insurance Plc (Non-Life) * Veritas Kapital Assurance Plc (Non-Life) * NPF Insurance Company Ltd (Non-Life) * Fortis Global Insurance Plc (Composite) * Coronation Life Assurance Limited (Life) * Industrial and General Insurance Plc (Composite) * Prestige Assurance Plc (Non-Life) * Great Nigeria Insurance Plc (Composite) *Reinsurance:* * Continental Reinsurance Plc (Reinsurance) * FBS Reinsurance Limited (Reinsurance) *_Notes:_* 1. Compliant firms comprise 23 non-life insurers, 10 life insurers, eight composite insurers, and two reinsurers. 2. Eight insurance companies that submitted evidence of compliance shortly before the statutory deadline are currently undergoing final verification and regulatory review. This would be concluded within fourteen days