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Nigeria, Lagos , Lagos, Plot 16 Acme Road, Ogba
Director
Manager
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management
+234
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About enterprise
LASACO Assurance, Plc.
LASACO Assurance Plc (LASACO) was incorporated on 20th December 1979 under the Companies Decree of 1968 and was granted License to carry out the business of insurance and other related business on 7th July 1980. The company commenced operations on 1st August 1980 with an authorized and fully paid-up share capital of N500, 000.00
The Company effected a change of name to LASACO Assurance Plc in July 1988 following the promulgation of, and its compliance with, the provisions of the Privatization and Commercialization Decree No. 25 of 1988.
In accordance with the Decree, LASACO’s shares were offered to the public and were admitted to the Nigerian Stock Exchange (NSE) by way of introduction, thus becoming the first company to be listed on NSE by introduction. Consequent upon this, LASACO became a Public Limited Liability Company (Plc) in 1991.
Today, LASACO’s authorized share capital stands at N7 billion. Our current paid-up capital is well over the minimum combined capital base requirement of N5 Billion stipulated by the National Insurance Commission (NAICOM) in 2007 for companies underwriting both Life and General Insurance Businesses.
The company is currently headquartered within the central business district of Ikeja, capital of Lagos State and operates branches and underwriting offices in 13 locations, most of which are in State Capitals in the North (Kano, Abuja and Kaduna), South-West (Abeokuta, Ibadan and Akure), South-South (Port-Harcourt and Calabar) and South-East (Benin and Owerri). There are plans to expand the company’s branch-and-operating-bases-network to include locations, which are strategic to our business growth and prospects, particularly, in oil and gas insurance business (Warri, Eket and Bonny axis), solid minerals (Jos), Power and Energy, improved sub-regional integration and the accompanying free trade zone trade policies (i.e. cross-border expansion into selected ECOWAS countries).
Private Dwelling
Commercial/Industrial Premises
Group: Insurance upon breakings and thefts
The following reflect areas that we are currently covering or that we have the Capacity and experience to cover under the policy:
Oil-rigs and Platforms
Pipelines
Flow Stations
Gas Terminals
Cost of re-drilling
Cryogenic vessels (hull)
Oil seepage and Pollution
Employer's Liabilities...
Group: Insurance of industrial machines, mechanisms and the equipment
Contractors All Risks/Construction All Risks
Erection All Risks
Plant All Risks
Machinery Breakdown
Computer/Electronic All Risks
Boiler Insurance
Group: Overall insurance services
Material Damage
Business Interruption
Industrial All Risks
Householder Comprehensive
Office Comprehensive
House-owners Comprehensive
Group: Insurance of real estate
Money-in-Transit
Money-in-Safe
Money-in-Personal Custody
Money-in-Premises
Damage to Safe
Group: Insurance of cash and values taking place in transportation
Whole Life
Endowment
Educational Endowment
Mortgage Protection
Anticipated Endowment
Key Man Assurance
Group Life
Group Endowment Assurance
Pure Endowment Assurance
Deposit Administration
Pure Pension and Annuity
Gratuity Schemes
LASACO Investment Linked Policy
Medical...
Group: Life insurance
Comprehensive Motor Policy
Third Party, Fire & Theft
Third Party Only
ECOWAS Brown Card
Group: Autoinsurance