Business Mansard Acquires Penman, Extends Subsidiaries to Four

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Nigeria- Mansard Insurance plc has completed acquisition of 60% of Penman Pensions Limited, consolidating it's position as one of Nigeria’s leading non bank financial services groups. Vanguard reports.

With the acquisition of Penman Pensions Limited, Mansard Insurance has extended its subsidiaries to four, having already made significant inroads into the asset management, health insurance and property segments through its wholly owned subsidiaries. These are Mansard Investments Limited and Mansard Health Limited as well as its majority holding in the property joint venture, APD Ltd.

“We intend to build on the successes of Penman even as we infuse the business with our entrepreneurial spirit, excellent client service and relentless focus on generating superior risk-adjusted returns," Mr. Tosin Runsewe, Chief Client Officer of Mansard Insurance plc, said.


#Mansard #Penman #Nigeria

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