Tangerine Life acquires majority stake in ARM Life

NIGERIA – Tangerine Life Insurance Limited (formerly known as Metropolitan Life Insurance Nigeria Limited) has acquired a majority stake in ARM Life Insurance Plc. A statement from the insurance firm said the acquisition, which took effect in March, placed Tangerine Life as one of the largest life insurance providers in Nigeria. ARM stated that the aim of the acquisition was to combine the strengths of the two industry doyens so as to present strong opportunities for value creation in the insurance industry. Speaking on the acquisition, the Managing Director, Tangerine…

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