Regency Alliance Insurance completes recapitalisation process
REGENCY Alliance Insurance Plc has announced the successful completion of its recapitalisation process, strengthening its capital base and positioning the company to take on larger risks.
The insurer disclosed this in a statement dated August 14, 2026, notifying the Nigerian Exchange Limited (NGX), shareholders, policyholders, brokers and other stakeholders of the milestone.
Regency Alliance said its name appeared on the list of insurance companies published by the National Insurance Commission (NAICOM) on August 13, confirming its successful completion of the recapitalisation exercise.
The company said the achievement would enhance its capacity to underwrite larger and more complex risks while creating opportunities for business expansion and sustainable value creation for policyholders and shareholders.
According to the insurer, the stronger capital position will also provide a platform to accelerate strategic initiatives, improve customer experience and increase the adoption of technology and innovation across its operations.
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Regency Alliance said the recapitalisation would further enable it to deepen its contribution to the development of Nigeria’s insurance industry.
The company reaffirmed its commitment to providing insurance solutions that protect individuals, businesses and institutions against financial risks while adapting to the changing needs of its customers and partners.
It expressed appreciation to NAICOM, shareholders, policyholders, brokers and other stakeholders for their support throughout the recapitalisation process.
Regency Alliance said the completion of the exercise has placed it in a stronger strategic position to handle more critical businesses and expand its capacity.
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“With this milestone achieved, we look forward to the next phase of greater partnership with our esteemed Shareholders, policyholders, Brokers, other Stakeholders and the general public with renewed strength, greater capacity and an unwavering commitment to excellence,” the company said.
The National Insurance Commission (NAICOM) on Friday confirmed that 7 more insurance companies had met recapitalisation requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
The brings the number of compliant insurance companies to 50. NAICOM had cleared 43 insurers on August 3.
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Stella Odiche
Researcher-Reporter
Lagos, Nigeria
Stella Odiche is a researcher and reporter. She lives in Lagos and reports topics such as aviation, oil and gas, banking and general business. She is award-winning journalist and wideliy travelled researcher.
