Great Nigeria Insurance (GNI) Plc has assured its policyholders and stakeholders that its Annuity business still remains with the insurer, contrary to erroneous reports that it has transferred the business to a rival underwriter.
GNI, in a statement made available to LEADERSHIP yesterday, noted that a publication making the rounds that GNI)’s Annuity Insurance business has been acquired by a rival insurance company is false.
It stressed that the said publication is to the effect that GNI Plc and Tangerine Africa Annuity businesses have been acquired by this particular insurance company.
Stating that the development is a crude attempt by an unscrupulous competitor to demarket its brand and shrink its share of the Annuity Insurance market, it added that, in the last five years, its Annuity Insurance portfolio has grown steadily by over 14,845 per cent and its annuitants have been enjoying value added services.
In view of the foregoing, it stressed that, “ there is no basis…
Source: Leadership Newspaper
