Access Holdings Acquires Megatech Insurance Brokers

Kayode Tokede

Access Holdings Plc, yesterday disclosed that it has obtained all required regulatory approvals for the acquisition of Megatech Insurance Brokers Ltd, an insurance brokerage company licensed and regulated by the National Insurance Commission (NAICOM).

This comes after Access Bank Zambia Limited, a subsidiary of Access Corporation, confirmed the successful acquisition of African Banking Corporation Zambia Limited, which operates under Atlas Mara Zambia.

The company secretary, Access Holdings, Mr. Sunday Ekwochi in a statement on the Nigerian Exchange Limited (NGX) stated that the acquisition of the Company complements Holdings company bouquet of product offerings in pursuit of its vision of building globally connected community of ecosystems inspired by Africa for the world.

He said the financial institution acquiring Megatech would strive to create a world where risk is efficiently managed so that we can confidently seek and seize opportunities for growth.

Commenting on the acquisition, Group Chief Executive Officer, Access Holdings, Dr. Herbert Wigwe in a statement explained: “This acquisition is a natural step in our evolution as a globally connected community and ecosystem and aligns with our mission to build and sustain one global platform, open for anyone to join where people can be connected to exceptional opportunities.

“The Company will design and provide intelligent solutions that mitigate the unique risks faced by individuals and business in an ever-changing world using leading risk management tools and governance standards.’’