Access Holdings expands insurance footprint with Megatech acquisition

Cynthia Ezekwe

Access Holdings Plc (Access Holdings) has disclosed to the investing public and Nigerian Exchange Limited that it has obtained all the required regulatory approvals for the acquisition of Megatech Insurance Brokers Limited (Megatech), an insurance brokerage company licensed and regulated by the National Insurance Commission (NAICOM).

With this acquisition, Access Holdings stated that it is better-positioned to further expand its product offerings and provide a comprehensive range of insurance solutions to its customers. The company’s vision, it stated, is to build a globally connected community of ecosystems, inspired by Africa and serving the world. 

In its role as an insurance brokerage, Megatech will focus on creating a world where risk is managed efficiently, giving Access Holdings the confidence to pursue growth opportunities with certainty and peace of mind.

Commenting on the acquisition, Herbert Wigwe, group chief executive officer, Access Holdings said: “This acquisition is a natural step in our evolution as a globally connected community and ecosystem and aligns with our mission to build and sustain one global platform, open for anyone to join where people can be connected to exceptional opportunities.

Wigwe stated further  that the company will design and provide intelligent solutions that mitigate the unique risks faced by individuals and business in an ever-changing world using leading risk management tools and governance standards.