Rex Insurance Limited has met the new Minimum Capital Requirement (MCR) prescribed by the National Insurance Commission (NAICOM) under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, reinforcing its financial strength, underwriting capacity and reaffirming its unwavering commitment to policyholders and stakeholders.
The announcement follows NAICOM’s publication of insurance companies confirmed to have complied with the new capital requirement.
This achievement reflects the disciplined financial management, strong corporate governance, and strategic vision that have positioned Rex Insurance Limited as a resilient organization committed to delivering greater value to customers while supporting national economic growth.
It also marks the beginning of a new phase in the Company’s journey, one focused on sustaining capital strength, accelerating profitable growth, enhancing operational excellence, and delivering superior customer value.
Commenting on the milestone, Ebelechukwu Nwachukwu, managing director/CEO of Rex Insurance Limited said: “meeting the new minimum capital requirement is a significant milestone in our journey
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