The Capital Express Group has officially launched its rebranded insurance subsidiaries during a landmark event in Lagos. This initiative introduces the newly rebranded Capital Express Life Assurance Limited (formerly known as Capital Express Assurance Limited) and unveils Capital Express Indemnity Insurance Limited. Together, these entities now form the foundation of the Capital Express Insurance Group, poised to provide life and general insurance solutions across Nigeria and beyond.
The unveiling ceremony highlighted the group’s ambitious plans to redefine insurance delivery in Nigeria. Speaking at the event, Anthony Aletor, Chairman of Capital Express Group, emphasized the significance of the rebrand. He noted that this step is not just a cosmetic change but a strategic move to align with global insurance standards. “The launch of the Capital Express Insurance Group represents a major leap forward. This transformation is a testament to our commitment to delivering innovative and customer-centric insurance solutions while upholding the values of integrity and excellence,” Aletor stated.
The event also featured remarks from the Commissioner for Insurance, represented by Dr. Julius Odidi, a Director at the National Insurance Commission (NAICOM). Dr. Odidi lauded the group’s forward-thinking vision, expressing optimism about its ability to enhance insurance penetration in Nigeria. He underscored the role of the rebranding in fostering growth within the sector and urged other players in the industry to adopt similar progressive approaches.
In his address, Mathew Ogwezhi, Managing Director and Chief Executive Officer of Capital Express Life Assurance Limited, described the rebranding as a reaffirmation of the company’s core mission. “This transformation signifies a new era for us. It reinforces our dedication to creating value for clients and stakeholders. With Capital Express Indemnity Insurance Limited by our side, we are ready to lead the insurance sector with innovation, efficiency, and unparalleled service delivery,” Ogwezhi said.
Adding to the discussion, Adewale Koko, Managing Director/Chief Executive Officer of Capital Express Indemnity Insurance Limited, highlighted the strategic importance of the restructuring. “Our focus is to provide comprehensive general insurance solutions tailored to the unique needs of our clients. This restructuring allows us to enhance service delivery and introduce innovative products that cater to an ever-changing market,” Koko explained. He further emphasized that this step is a commitment to driving operational excellence and building long-term relationships with clients.
The unveiling event served as an important platform for stakeholders to explore the broader implications of the group’s rebranding. The new Capital Express Insurance Group is strategically positioned to leverage cutting-edge technology and modernized processes to meet the evolving needs of its clientele. With a renewed focus on both life and general insurance, the group aims to bridge existing gaps in the industry and establish itself as a key player in Nigeria’s financial ecosystem.
This bold transformation comes at a time when the Nigerian insurance sector is undergoing significant reforms, aimed at increasing penetration and aligning with international best practices. Industry analysts have praised the Capital Express Insurance Group for its proactive approach, noting that the move will likely inspire similar initiatives across the sector.
The rebranding also includes efforts to strengthen client relationships through enhanced customer support and product customization. The group’s leaders affirmed their commitment to maintaining open communication channels with clients and ensuring that their services remain accessible and affordable.
The unveiling event closed with a call to action from the group’s leadership, urging Nigerians to embrace insurance as a tool for financial security and stability. They reiterated their vision to redefine industry standards and make insurance more inclusive and impactful.
Capital Express Insurance Group’s transformation is not only a milestone for the company but also a significant development for the Nigerian insurance landscape. As the group embarks on this new journey, its focus remains on delivering innovative solutions that cater to the diverse needs of its clients, contributing positively to the growth of the sector and the economy as a whole.
