Access Holdings acquires Megatech Insurance Brokers

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

Access Holdings’ Company Secretary, Mr. Sunday Ekwochi, announced this on the floor of the Nigerian Exchange Ltd (NGX) in Lagos on Monaday, January 15.

Ekwochi said that the acquisition of the company complemented Access Holdings bouquet of product offerings in pursuit of its vision.

He noted that the vision of the Holdings was to build globally connected community of ecosystems inspired by Africa for the world.

According to him, following the acquisition, Megatech will endeavour to create a world where risk is efficiently managed, so that the companies can confidently seek and seize opportunities for growth.

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“Access Holdings is pleased to inform the investing public and the Nigerian Exchange Ltd. (NGX) that it has obtained all required regulatory approvals for the acquisition of Megatech Insurance Brokers Ltd.

“Megatech Insurance Brokers is an insurance brokerage company licensed and regulated by the National Insurance Commission,” he said.

Speaking on the transaction, Dr. Herbert Wigwe, Group Chief Executive Officer (CEO), Access Holdings, 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 added that the company would design and provide intelligent solutions that mitigate the unique risks faced by individuals and businesses.

The Star