Company profilePrestige Assurance Plc, a general insurance company, provides non-life insurance products in Nigeria. The company offers insurance products in the areas of motor, marine, bond, engineering, fire, aviation, oil and energy, general accident, workers' compensation, and terrorism. Its products include health, salary protection shield, agricultural, money, burglary, householder, all risk, prestige device, fidelity guarantee, overseas and group Mediclaim, SME blanket, fidelity guarantee, and group personal accident insurance products; and marine cargo and hull insurance products. The company also provides machinery breakdown, fire and allied perils, electronics equipment, consequential loss, contractors all risk, marine cum erection or storage cum erection, and plant all risk insurance products; and public and products liability, professional indemnity, directors and officers liability, and employers' liability policies. The company was founded in 1952 and is headquartered in Lagos, Nigeria. Prestige Assurance Plc operates as a subsidiary of The New India Assurance Company Limited.
Prestige Assurance Plc (PRESTIGE) is listed on NGX in the FINANCIAL SERVICES sector, with exposure to Insurance Carriers. This page brings together the current share price, valuation, dividend context, business summary, and a practical current view so you can assess the stock faster.
Why this stock may reactDirect company signals
court ruling on premium payment
PRESTIGE may benefit from court ruling on premium payment. Confidence 90%.
The Court of Appeal found that post-dated cheques that had not matured did not constitute advance payment, and resolved the issue in favour of the appellants (Prestige), allowing repudiation of the claim.
court_ruling_on_premium_payment
PRESTIGE may benefit from court_ruling_on_premium_payment. Confidence 90%.
Court of Appeal found that post-dated cheques not cleared before the loss do not amount to advance payment, holding no valid contract existed and resolving the issue in favour of the appellant insurer (Prestige).
