In an update published by Punch, shareholders of International Energy Insurance (IEI) approved a ₦17.5bn recapitalisation plan aimed at strengthening the firm’s capital base.
The company says the move is designed to improve compliance and expand underwriting capacity as regulators and market expectations raise the bar for solvency and governance.
Recapitalisation remains a defining test in Nigeria’s insurance sector, influencing reinsurance terms, corporate ticket size, and customer confidence.
Echotitbits take: The key questions are who funds the raise, valuation terms, and how quickly cash is injected. Watch for filings, NAICOM response, and IEI’s post-raise strategy—whether it targets retail expansion or larger corporate lines.
Source: The Punch — January 4, 2026 (https://punchng.com/iei-shareholders-approve-n17-5bn-recapitalisation/)
The Punch January 4, 2026
Photo Credit: The Punch