Sefton Fross advises Standard Alliance Insurance on its merger with Standard Alliance Life Assurance Limited

Published:


Warning: Missing argument 1 for _x(), called in /home/seftonfr/public_html/wp-content/themes/SeftonFrossV4/inc/template-tags.php on line 98 and defined in /home/seftonfr/public_html/wp-includes/l10n.php on line 293

Warning: Missing argument 2 for _x(), called in /home/seftonfr/public_html/wp-content/themes/SeftonFrossV4/inc/template-tags.php on line 98 and defined in /home/seftonfr/public_html/wp-includes/l10n.php on line 293


Sefton Fross has advised Standard Alliance Insurance Plc (SAIP) and Standard Alliance Life Assurance Limited on their Scheme of Merger.

The merger resulted in an enlarged SA Insurance as the resultant company, while Standard Alliance Life Assurance Limited was dissolved without winding up. The merger will position the enlarged SA Alliance carry on both the business of life and general insurance under one entity in Nigeria thereby positioning it for sustainable long term growth whilst strengthening its market share in the insurance industry and creating value for all stakeholders.

The Firm’s transaction team included Olayemi Anyanechi, Managing Partner, Elohor Odukuwe; Senior Associate; and Oluwatobi Adeyemo, Associate.