Stanbic IBTC Holdings Plc has commenced the process of seeking regulatory approvals to
establish a wholly-owned Life Insurance subsidiary to be known and referred to as
Stanbic IBTC Insurance Limited.
It said this in a notice signed by Chidi Okezie, Company Secretary of Stanbic IBTC Holdings Plc and released at the Nigerian Stock Exchange (NSE).
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The company said the commencement of operations for this proposed subsidiary is subject to receiving all required regulatory approvals, including licensing by the National
Insurance Commission.
“Accordingly, Stanbic IBTC will update the market upon completion of the regulatory approval process as well as licensing of the new subsidiary,” the notice read
