In April, The PUNCH reported that Old Mutual Nigeria sold its life and general insurance businesses to the emPLE Group for an undisclosed amount.

emPLE Group acquired 100 per cent of Old Mutual’s equity in both businesses.

According to the firm, with the acquisition finalised, it will now operate under the emPLE brand, reflecting its integration into the emPLE Group’s vision and strategy.

A statement from the firm on Wednesday said the acquisition of Old Mutual’s insurance businesses in Nigeria and their transformation to emPLE mark a pivotal moment in emPLE’s journey with emPLE poised to enhance its service offerings and customer engagement, positioning itself as the premier insurer in Africa.

The Managing Director of emPLE General Insurance Limited, Mr Olalekan Oyinlade, said, “The rebranding to emPLE signifies a new chapter for us. We remain steadfast in our dedication to delivering innovative insurance solutions that meet the evolving needs of our customers. emPLE, meaning empowering people, reflects our mission to protect and empower individuals and families throughout Africa, ensuring their financial security and prosperity.”

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