Access Holdings acquires Megatech Insurance Brokers

Access Holdings Plc, yesterday, said it has obtained all required regulatory approvals to acquire Megatech Insurance Brokers Ltd.

The Company Secretary, Mr Sunday Ekwochi, who made the disclosure in a notice to the investing public and the Nigerian Exchange Limited, said that the acquisition of the company complemented 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 notice reads in part: “Access Holdings Plc is pleased to inform the investing public and the Nigerian Exchange Limited that it has obtained all required regulatory approvals for the acquisition of Megatech Insurance Brokers Limited, an insurance brokerage company licensed and regulated by the National Insurance Commission.”

Mr Ekwochi said that following the acquisition, Megatech would endeavour to create a world where risk was efficiently managed so that the companies could confidently seek and seize opportunities for growth.

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The Group Chief Executive Officer (CEO) of Access Holdings, Dr Herbert Wigwe, said that the acquisition was a natural step of the company’s evolution as a globally connected community and ecosystem.

Wigwe stated that this aligned with the holding’s mission to build and sustain one global platform open for anyone to join and be connected to exceptional opportunities.

He further said, “The company will design and provide intelligent solutions that mitigate the unique risks faced by individuals and businesses in an ever-changing world using leading risk management tools and governance standards.”