BY NKECHI NAECHE-ESEZOBOR-Ahead of insurance industry recapitalization deadline, the Chairman of AXA Mansard Insurance Plc , Mr. Kolawole Adesina, has acquired 5 Million Shares.
According to the notification, titled insider dealing and signed by its Company Secretary Omowunmi Adewusi, Adesina, purchased ordinary shares of AXA Mansard Insurance Plc.
The transaction involved the acquisition of 5 million ordinary shares of the insurer at a price of ₦13.50 per share, bringing the total value of the deal to ₦67.5 million.
The shares, were purchased on 12 December 2025 in Lagos.
AXA Mansard Insurance Plc, disclosed that the transaction represents a routine insider dealing notification and does not constitute an amendment to any previous filing.
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management, with 147,000 employees and distributors serving 94 million clients in 51 countries.
The company was incorporated in 1989 as a private limited liability company registered as a composite company with the National Insurance Commission (NAICOM).
AXA Mansard is rated “B+”, and “bbb”, 2023, for the Issuer Credit Rating (ICR) by AM Best, the global insurance rating agency. We are also certified to ISO 9001:2015 Quality Management Systems.
