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Allianz Nigeria Says Divestment Option Is Ruled Out, Here To Stay

Nwanne Ikemefune by Nwanne Ikemefune
April 23, 2022
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Allianz Frees Capital With $35bn Annuity Reinsurance From Street & Resolution
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Allianz Nigeria, a whole investment of global insurer based in Munich Germany, says its investments in Nigeria and across the African continent is for the long haul, safely placed for keep in the company’s investment log.

The Chief Executive Officer, Allianz Nigeria, Adeolu Adewumi-Zer, made the position of the Munich based 132 years old global brand known at a meeting with the media in Lagos at a funeral plan launch.

She reiterated that the N18bn investment already made is a strong declaration that Allianz has come to stay to create value for the customers and all the stakeholders.

Adewumi-Zer said the position of the company to stay put in Nigeria and Africa is clear, “We are not moving out of Nigeria or Africa, we are here to stay.” Reinforcing the position of Allianz that they are not in Nigeria for a stop-off and divest afterwards but a commitment to explore and expand the insurance business horizon and stay in lane to grow the market for all stakeholders, her precise comment tells, “We are not here to test the waters.”

Explaining the global insurer’ pattern of doing business, she said Allianz is a long term partner and, “we deliver value to society, we need to be here and partner for life.”

Allianz Nigeria CEO said the terrain of its service is dotted with milestones and benchmarks in its service to secure peoples future, pointing out that its annuity service is a bench mark and replicated in other services on offer.

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