Aiico Insurance Plc: Their Branches And Retail Outlets In Nigeria

AIICO Insurance Plc (NSE Ticker: “AIICO”) was Established in 1963 as an insurance, pensions management, and asset management Group in Nigeria with market-leading positions in its key business lines:

1. Life assurance and annuity
2. General insurance and special risks
3. Pension management
4. Health Insurance and
5. Asset Management

AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and Pension products and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.

Following the insurance industry’s consolidation in 2007, the Company acquired NFI Insurance plc and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO’s pre-acquisition gross premiums). The Company subsequently re-certified as both a General Insurance and Life Assurance Company – taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.

As an insurance company, AIICO’s goal is to be the insurer of choice and the leading insurance company in Nigeria – providing life insurance and retirement services as well as risk underwriting to a substantial and diversified client base, which includes corporations, financial institutions, governments and individuals in Nigeria.

AIICO is the market leader in the life insurance and retirement services and is a market leader (top 3) in Non-Life insurance in Nigeria. The core insurance franchise is complemented by our leading insurance asset management, pension, and health management businesses. Overall, AIICO is currently the 2nd largest insurance company in Nigeria (by gross premiums).

To take advantage of the opportunities presented by the Pension Reform Act of 2004, AIICO Pension Managers Limited (“APML”) was incorporated in February 2005 and licensed in April 2006 as a Pension Fund Administrator (“PFA”) by the National Pension Commission (“PenCom”), and commenced operations in May 2006.

Aiico Insurance Branches In Nigeria

1	Aba	7 Factory Road, Aba, Abia State. Tel: 08055314351
2	Abeokuta	46 Tinubu Street, Ita Eko, Abeokuta, Ogun State. Tel: 08037144883
3	Abuja	Prime Plaza: Plot 1012, Ademola Adetokunbo Crescent, Opposite Rockview Hotel, Wuse II, Wuse, FCT Abuja. Tel: 09 2902010, 08176684107, 08176684115
4	Akure	Tisco House, 3rd Floor Opp. Mr. Biggs Outlet, Ado- Owo Road, Akure, Ondo State. Tel: 0806442259, 08177323757
5	Amuwo	Plot 203 Festac Link Road, Amuwo Odofin, Lagos State. Tel: 012931892, 08085840886
6	Benin	28 Sokponba Road, Benin City, Edo State. Tel:08051163395/ 08134051972.
7	Calabar	Henss House (General Business) Murtala Mohammed Way, Calabar, Cross Rivers State. Tel :08032194197, 08075318777
8	Enugu	55/59 Chime Avenue, Gbujas Plaza, New Haven, Enugu State. Tel :08036660737, 09020241513, 07038143357
9	Ibadan	12 Moshood Abiola Way, beside FCMB Bank, Challenge Area, Ibadan, Oyo State. Tel : 08032318925, 08028344263
10	Ikeja	AIICO House, Plot 2 Oba Akran Avenue, Opp. Dunlop, Ikeja, Lagos State. 014602097-8, 014602218, 014602343, 08099930082
11	Ilorin	1 New Yidi Road, Gomola Building, Ilorin, Kwara State. Tel: 08174613826, 08083134860, 08037997249
12	Ilupeju	AIICO House, 36-38 Ilupeju Industrial Avenue, Ilupeju, Lagos State. Tel: 08160466239, 08033158714, 08033343036, 08023048695
13	Isolo	203-205 Oshodi/Apapa Express Way, Isolo, Lagos State. Tel: 08057176063, 08023054803, 08036803169, 08023090069
14	Jos	4 Beach Road, Jos, Plateau State Tel: 08153695455, 08083134860, 08057356726
15	Kaduna	Yaman Phone House, 1 Constitution Road, Beside OANDO Filling Station, Kaduna, Kaduna State. Tel: 08033386968
16	Kano	8, Post Office Road, Kano, Kano State. Tel: 08036299576
17	Lokoja	Plot 7, opposite 1st Gate, Phase 2, Lokongoma Housing Estate, Lokoja, Kogi State. Tel: 08023279920, 07031003095
18	Onitsha	Nipost Building, Old Market Road, Onitsha, Anambra State. Tel: 07086064999, 08033750361
19	Owerri	46 Wetheral Road, Owerri, Imo State. Tel: 08056033269, 07066032065
20	Port Harcourt	11 Ezimgbu Link Road (Mummy B Road), off Stadium Road, GRA Phase IV, Port Harcourt, Rivers State. Tel: 08035490546, 09094489393
21	Warri	60, Effurun/Sapele Road, Effurun, Warri, Delta State. Tel: 08187497490

Aiico Insurance Retail Outlets In Nigeria

1	AIICO EXPRESS, Abuja	No. 46 Lobito Crescent, Wuse 2, Abuja. Tel: 08099930117, 08129123143
2	AIICO EXPRESS, Churchgate, Victoria Island	Opposite Churchgate Towers, Victoria Island, Lagos. Tel: 08129123143, 07087955065
3	AIICO EXPRESS, Falomo	No. 8 Post Office, Bourdillon Road, Ikoyi, Lagos. Tel: 08129123143, 08099930126
4	AIICO EXPRESS, Lekki	Ikate Community, Opposite Manor House, Ikate, Lekki, Lagos. Tel: 08129123143, 07013184117
5	AIICO EXPRESS, Park N Shop, Victoria Island	Guru Plaza, 47B Adeola Odeku Street, Victoria Island, Lagos. Tel: 08129123143, 08129123138