• Thursday, November 14, 2024
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Access Holdings acquires Megatech Insurance Brokers

Access Bank finalises acquisition of BancABC Tanzania

Access Holdings Plc (‘Access Holdings’) has informed the investing public and the Nigerian Exchange Limited that it has obtained all required regulatory approvals for the acquisition of Megatech Insurance Brokers Limited an insurance brokerage company licensed and regulated by the National Insurance Commission.

The acquisition of the company complements Access Holdings’ bouquet of product offerings in pursuit of its vision of building globally connected community of ecosystems inspired by Africa for the world.

Megatech will strive to create a world where risk is efficiently managed so that Access Holdings can confidently seek and seize growth opportunities.

Commenting on the acquisition, Herbert Wigwe, Group Chief Executive Officer, Access Holdings said: “This acquisition is a natural step in our evolution as a globally connected community and ecosystem and aligns with our mission to build and sustain one global platform, open for anyone to join where people can be connected to exceptional opportunities.

“The Company will design and provide intelligent solutions that mitigate the unique risks faced by individuals and business in an ever-changing world using leading risk management tools and governance standards.’’

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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