Prudential plc, one of the oldest and most strongly capitalized life insurance companies in the world, acquired a majority stake in Zenith Life Assurance, which gave rise to a new company, Prudential Zenith Life.
The union is set to redefine the Nigerian insurance sector, building on the existing strength of Zenith Life, which is one of the fastest growing life insurance companies in Nigeria, with gross written premium of N3.6 billion at the end of 2017.
Alongside its entry into Nigeria, Prudential also formed an exclusive Bancassurance partnership with Zenith Bank in Nigeria and Ghana.
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