Access Holdings obtains regulatory approvals to acquire Megatech Insurance Brokers

Access Holdings Plc has announced obtaining all required regulatory approvals to acquire Megatech Insurance Brokers Ltd.

Access Holdings’ Company Secretary, Mr Sunday Ekwochi made the announcement on the floor of the Nigerian Exchange Ltd (NGX) in Lagos.

According to him, the acquisition of the company complements Access Holdings bouquet of product offerings in pursuit of its vision.

Ekwochi said that the vision of the Holdings was to build globally connected community of ecosystems inspired by Africa for the world.

He added that following the acquisition, Megatech will endeavour to create a world where risk is efficiently managed, so that the companies can confidently seek and seize opportunities for growth.

Ekwochi said, “Access Holdings is pleased to inform the investing public and the Nigerian Exchange Ltd (NGX) that it has obtained all required regulatory approvals for the acquisition of Megatech Insurance Brokers Ltd.

“Megatech Insurance Brokers is an insurance brokerage company licensed and regulated by the National Insurance Commission”.

Dr Herbert Wigwe, Group Chief Executive Officer(CEO), Access Holdings, while commenting on the deal, said that the acquisition was a natural step of the company’s evolution as a globally connected community and ecosystem, stressing that this aligns with the Holding’s mission to build and sustain one global platform which is open for anyone to join and be connected to exceptional opportunities.

According to the CEO, the company would design and provide intelligent solutions that mitigate the unique risks faced by individuals and businesses as this is needed in an ever-changing world using leading risk management tools and governance standards.