REGENCY ALLIANCE INSURANCE PLC

Regency Alliance Insurance Plc, a prominent player in the West African insurance sector, officially began operations in February 2007, emerging from the merger and consolidation of four distinct Nigerian insurance companies: Regency Insurance Plc, Nigerian Alliance Assurance Corporation Limited, Destiny Insurance Co. Limited, and Capital Express General Insurance Limited. This consolidation brought together diverse experience, knowledge, and strengths, positioning the company as a leader in the general insurance business market within the West African sub-region. The company was originally incorporated on June 16, 1993, as Regency Insurance Company Limited, receiving its license to operate in March 1994. The core business of Regency Alliance Insurance Plc revolves around providing a comprehensive array of general insurance products and services to both institutional and individual clients. Its offerings include motor, travel, personal accident, employer's and director's liability, professional indemnity, goods in transit, compulsory insurance, aviation, bond, money, plant and industrial all-risk, marine, oil and energy, contractor and erection all-risk, fidelity guaranty, public liability, machinery breakdown, and business interruption insurance products. The company specializes in non-life insurance, offering customized products and risk management alongside claims advisory services. Regency Alliance Insurance Plc primarily serves markets within Nigeria and the broader West African sub-region. Key subsidiaries and divisions include RIC Properties & Investment Limited, a property development and leasing company; RIC Technologies Limited, an ICT-based security solutions provider; RIC Microfinance Bank Limited, offering microfinance banking services; and RegencyNEM Insurance Ghana Limited, operating in the Ghanaian insurance market.