Mansard Insurance Plc has modified its name and identity to henceforth be known as Axa-mansard Plc.
The name change follows recent acquisition of 100 per cent equity in Assur Africa Holdings, which holds 77 per cent stake in Mansard Insurance plc by the France based world renown AXA group, the biggest insurance firm worldwide.
AXA group, precisely in December, 2014, actualised its dream of expanding its business frontiers in sub-Saharan Africa through the buy over of Assur African Holdings, owners of Mansard Insurance in Nigeria.
Disclosing this at the 23rd Annual General Meeting of the company held in Lagos, Chairman, Mansard Insurance, Victor Osibodu said with this, AXA has become the beneficial owners of Mansard.
On how the acquisition would favour Mansard, Osibodu said with the acquisition, Mansard stands to benefit from limitless access to global resources, capacity development, strong global brand recognition in corporate space and staff cross- positioning,adding that Mansard staff have now become members of a multinational group.