SOVEREIGN TRUST INSURANCE PLC

Sovereign Trust Insurance Plc, incorporated in 1980, formally commenced its operations in January 1995, following the strategic restructuring and recapitalization of the then Grand Union Assurances Limited. The company is a licensed insurer authorized by the Federal Government of Nigeria to underwrite all classes of non-life insurance business. Headquartered in Lagos, Nigeria, Sovereign Trust Insurance operates through an extensive network of branches, serving customers across the nation. The company’s core mission revolves around providing robust risk management services and innovative insurance solutions to a diverse clientele. The company’s comprehensive portfolio of general insurance products and services caters to both individuals and corporate entities. Offerings include motor insurance, marine cargo and hull, travel insurance, family wellbeing, and a broad spectrum of "all risk" coverages. Sovereign Trust Insurance also specializes in various liability covers, contractors all risk, erection all risk, electronic equipment insurance, fidelity guarantee, fire and extraneous perils, goods in transit, healthcare indemnity, and oil and gas insurance, among others. While the company functions as a singular entity for its insurance operations, its internal structure includes divisions such as Retail and Business Development, Operations, and Finance & Administration to optimize its business model and service delivery.