CEM REPORT, FINANCE | In a move to strengthen its grip on the Nigerian insurance landscape, Access Holdings Plc has announced the acquisition of Megatech Insurance Brokers Limited. This strategic acquisition positions Access Holdings as a leading provider of comprehensive risk management solutions, catering for both individuals and businesses across the country.
The acquisition, which received all necessary regulatory approvals, marks a significant step forward for Access Holdings’ ambitious vision of building a globally connected community of ecosystems. As Dr Herbert Wigwe, Group Chief Executive Officer, aptly stated, “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.”
Building a Stronger Insurance Ecosystem
Megatech Insurance Brokers, a licensed and regulated insurance brokerage firm, brings a wealth of expertise and experience to the Access Holdings fold. Their established presence in the Nigerian market and strong relationships with leading insurance providers will be invaluable assets in expanding Access Holdings’ reach and product offerings.
“The acquisition of Megatech Insurance Brokers Limited complements Access Holdings’ bouquet of product offerings in pursuit of its vision of building a globally connected community of ecosystems inspired by Africa for the world,” the company stated in a press release.
This strategic move aligns perfectly with Access Holdings’ commitment to providing intelligent solutions that mitigate the unique risks faced by individuals and businesses in today’s ever-changing world. By leveraging Megatech’s expertise and Access Holdings’ robust infrastructure and resources, the combined entity will be well-positioned to offer a comprehensive range of insurance products and services, tailored to meet the specific needs of its diverse clientele.
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“We are excited to welcome Megatech Insurance Brokers Limited to the Access Holdings family,” Dr. Wigwe declared. “This acquisition represents a significant step forward in our journey to become the leading provider of risk management solutions in Nigeria and beyond. Together, we will create a world where risk is efficiently managed so that we can confidently seek and seize growth opportunities.”
Sunday Ekwochi, Company Secretary at Access Holdings, echoed this sentiment, stating, “The acquisition of Megatech is a testament to our unwavering commitment to delivering exceptional value to our stakeholders. We are confident that this strategic partnership will unlock new growth opportunities and create a more vibrant insurance ecosystem for all.”
