ARM Holding Firm Ltd has bought off its Life Insurance coverage enterprise, ARM Life, to Tangerine life Insurance coverage Restricted, (previously often called Metropolitan Life Insurance coverage Nigeria Restricted)
The agency disclosed this in a press release signed by its Chief Government Officer, Jumoke Ogundare, just lately.
In accordance with the corporate, the transfer was a part of plans to refocus its enterprise and enhance product choices throughout a broad array of funding alternatives appropriate for purchasers’ wants.
The assertion reads: “The divestment additionally permits us to collaborate extra effectively with a number of insurance coverage corporations on product growth.
“We will proceed to keep up our enterprise relationship with Tangerine life, the brand new house owners of ARM Life. We guarantee our purchasers who’ve insurance coverage merchandise with the organisation, of our continued oversight of their coverage the place they’ve requested us to take action.
“As a part of our general plans to develop our service choices, we have now launched a cell buying and selling platform, ARM Stocktrade, that gives entry to home and worldwide fairness buying and selling on the NSE, NYSE and Nasdaq.
“I additionally use this chance to introduce ARM Fastened Earnings Fund and ARM Eurobond Fund that are Naira and US Greenback denominated mutual funds respectively. The Funds broaden our funding alternatives to purchasers with low to medium threat urge for food.”
Ogundare additionally suggested prospects to remain secure amid the fashion of COVID- 19, whereas additionally assuring them of uninterrupted service and operations through its on-line platforms throughout this era.