Capital Express Insurance Adopts Group Structure, Owns 2 Subsidiaries

Capital Express Assurance Limited has transited its operations to a group structure that has two subsidiaries.

The two new subsidiaries under the group structure are Capital Express Life Assurance Limited and Capital Express Indemnity Insurance Limited (CEIIL).

Together, these two entities now form the foundation of the Capital Express Insurance Group, a visionary consolidation of specialised expertise in life and general insurance as this transformation marks a bold step toward delivering an integrated, future-ready suite of insurance solutions tailored to the needs of clients across Nigeria and beyond.

Speaking at the unveiling of the new Insurance Group in Ikoyi, Lagos, on Wednesday, the chairman of the Capital Express Group, Dr. Anthony Aletor said: “This rebranding and expansion marks the dawn of a new era for Capital Express. With the launch of the Capital Express Insurance Group, we are demonstrating our commitment to delivering cutting-edge insurance solutions while maintaining our core values of integrity, customer satisfaction, and innovation.”

The highlight of the evening was the official unveiling of the Capital Express Insurance Group by a director at the National Insurance Commission (NAICOM), Dr. Julius Odidi, who represented the Commissioner for Insurance, Olusegun Omosehin.

In his address, he commended the Group’s leadership for its forward-thinking vision and unwavering dedication to driving growth within the insurance sector, while emphasising the pivotal role the newly formed Group would play in enhancing insurance penetration across Nigeria, expressing confidence in its potential to redefine the industry.

Reflecting on the Group’s journey and future, the current MD/CEO, Mathew Ogwezhi stated that, “the transformation into Capital Express Life Assurance Limited is not just a rebrand; it is a reaffirmation of our commitment to creating value for our clients and stakeholders. Together with Capital Express Indemnity Insurance Limited, we are stronger, more innovative, and ready to lead the insurance industry into the future.”

On his part, the MD/CEO of Capital Express Indemnity Insurance Limited, Adewale Koko emphasised the strategic importance of the restructuring, stating that, the formation of Capital Express Insurance Group is a strategic leap forward.

To him, “At Capital Express Indemnity Insurance Limited, we are excited to take up the mantle of providing comprehensive and innovative general insurance solutions. Our approach is rooted in understanding the unique needs of our clients and delivering value through personalised and responsive services. This is more than a new beginning; it is a commitment to driving excellence in every aspect of our operations.”