AXA Mansard sells stake in pension subsidiary to Eutacia Limited

NIGERIA – AXA Mansard Insurance Plc, one of Nigeria’s leading insurance companies, has sold its entire stake in its subsidiary, AXA Mansard Pension Limited, to Eustacia Limited- a member of the Verod Group. Axa Mansard in a statement explained that the move was in line with its plan to focus on and grow its insurance businesses across all parts of the country. In his reaction, the CEO of AXA Mansard Insurance Plc, Kunle Ahmed, said that this transaction marks a new step in the insurance firm’s broader strategy to focus…

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