Rex set for bigger deals on higher reinsurance capacity

Underwriting firm, Rex Insurance Limited said it has increased its reinsurance capacity for bigger business deals , assuring its broker partners of quality service delivery.

Ebelechukwu Nwachukwu, managing director/CE, Rex Insurance speaking at the Nigerian Council of Registered Insurance Brokers (NCRIB) Members Evening held in Lagos said: “We have also increased our capacity to do more volume businesses as evidenced by the increase in our reinsurance treaty across all classes of business.”

Nwachukwu said Rex Insurance is well capitalized, has a robust balance sheet and we are here today, asking the broker community to support us, give us more businesses and let us all grow together.

Nwachukwu stated that as provider of innovative insurance products, dedicated to supporting initiatives that enhance growth and foster positive collaborations, Rex Insurance is committed to delivering exceptional service to its clients and brokers.

“We have strengthened our internal structures to ensure that claims are handled with speed because we realise that this is the main reason we are in business, and we will ensure it is sustained.”

Speaking further, she added that “the human capital structure of the company has also been beefed up with the recent appointment of the Executive Director, Technical, among others who are already adding value to our operations and systems, for the benefit of our esteemed customers.

Babatunde Oguntade, president of NCRIB applauded Rex Insurance, for hosting the evening, describing the insurance company as a financially strong; reliable and trustworthy insurer worthy of patronage and support of the Broker Community in Nigeria.

The esteemed event had in attendance over 250 insurance brokers, alongside industry professionals and stakeholders, who came together to celebrate the achievements of NCRIB members and promote collaboration and unity within the insurance sector.

The event featured an insightful presentation from the MD/CE of Rex Insurance, titled “Doing Business with Rex Insurance – 2025 and beyond, and also offered networking opportunities for brokers to connect with relationships with representatives from Rex Insurance.

Rex Insurance Limited (Rex) is licensed by the National Insurance Commission (NAICOM) to offer the full range of general and special risks insurance products to the insuring public. With decades of experience in the Nigerian market, Rex Insurance has an enviable reputation for technical competence and financial strength.