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Who We Are

Welcome to Sovereign Trust Insurance Plc

Sovereign Trust Insurance Plc commenced business in January 1995 following the restructuring and recapitalization of the then Grand Union assurances Limited. We operate currently through a network of branches Nationwide with our Head Office on 17, Adetokunbo Ademola Street, VI, Lagos. The company is licensed as an insurer by the Federal Government with authority to underwrite all Classes of Non-Life business. Currently our authorized share capital is N5.25Billion divided into 10.5 billion units of 50 kobo per share. We have a fully paid-up capital and Shareholders' funds of over N3.4 Billion. The ownership of the company is made up of diverse shareholders from different walks of life.

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It is the intention of the company to achieve the following key objectives:
  • To be a highly professional organisation providing unique risk management services as well as improved claims settlement procedure.
  • To achieve a leadership position in the market within the shortest possible time in line with the company's strategic focus.
  • To consistently exploit the under-developed areas of the market by creating innovative products to meet customers' needs.
  • To continuously motivate and enhance the quality of the company's human resources through the development of a well articulated training and welfare program.
  • To be a highly profitable organisation that would consistently provide satisfactory returns on investment for our shareholders
To achieve these objectives, we have assembled a vibrant and purposeful management team made up of highly experienced and result-oriented professionals who are fully poised and determined to contribute meaningfully towards the upliftment of insurance practice in Nigeria. We are also fully computerised and maintain a good cash reserve for claims settlement.

Core Values

Our core values are:
  • Superior Customer Services
  • Innovation
  • Professionalism
  • Integrity
  • Team Spirit
  • Empathy