NEM Insurance

NEM Insurance





Investment Date

December 2018

NEM Insurance

NEM Insurance is a top-tier non-life insurance company which has been in operations in Nigeria for over 60 years, and more recently in Ghana. The Company offers all classes of non-life insurance products to individuals and corporates in Nigeria, and has over the years become a household name. NEM Insurance has over the last decade built a solid record of service delivery excellence, superior financial performance including consistent profitability and healthy returns to its shareholders. The Company is listed on the Nigerian Stock Exchange.

AFIG Funds, on behalf of AFIG Fund II, invested in NEM Insurance in 2018, to help accelerate the next growth phase of the insurer within the Nigerian insurance industry.