Sovereign Trust Insurance Plc

Sovereign Trust Insurance Plc has received the N1.4 billion new money it asked for from shareholders but not yet the enhanced underwriting risk retention capacity, which the equity injection was expected to provide. The company’s…

The stock market extended its losing streak on Thursday as it shed N87bn, bringing the total losses to N708bn in seven days. The market lost N110bn on Monday, N68bn on Tuesday and N77bn on Wednesday. On Thursday, the market…

Despite analysts’ predictions that the performance of the nation’s stock market would begin picking up in the second half of the year, investors have recorded losses totalling N291bn in the four days since H2 began. The market, which…

Sovereign Trust Insurance Plc has opened its Rights Issue for existing Shareholders as it moves to improve liquidity ahead of recapitalisation deadline set by the insurance regulator, the National Insurance Commission (NAICOM).  The Rights…

By Edet Udoh Sovereign Trust Insurance Plc has announced a 167% growth in its Profit Before Tax (PBT) from N202 million in 2017 to N540 million in 2018. This performance is despite the challenging economic environment that characterized…

Sovereign Trust Insurance Plc is hosting the 7th Open Golf Tournament from March 22 – 24, 2019, at the Ibadan Golf Club, Onireke Reservation. The 3-day tournament is expected to bring together some of the country’s top golfers from…

By Edet Udoh The Managing Director/Chief Executive Officer, Sovereign Trust Insurance Plc, Mr. Olaotan Soyinka has revealed that technology has been very instrumental to the organization’s continued growth trajectory in recent times. He…