CHI Life Assurance Limited, a subsidiary of Consolidated Hallmark Holdings Plc, has reaffirmed its financial strength and long-term commitment to policyholders following its successful compliance with the National Insurance Commission’s (NAICOM) recapitalisation requirements.

The achievement positions the company among Nigeria’s financially strong and well-capitalised life insurance companies, demonstrating its readiness to deliver sustainable value, honour policyholder commitments and support the continued growth of the Nigerian insurance industry.

With a solid financial foundation and an expanding customer base, CHI Life continues to strengthen its position as a trusted provider of life insurance solutions for individuals, families, SMEs and corporate organisations.

Today, the company  stands on a solid financial foundation with Shareholders’ Fund of ₦11.2 Billion, Total Assets of ₦13.7 Billion, Claims Paid of ₦224 Million, and a Solvency Margin of 110%. These indicators underscore our ability to honour claims promptly and provide sustainable financial protection to individuals, families and businesses

These financial indicators reflect its   capacity to meet long-term obligations, settle valid claims promptly, protect policyholders’ financial futures and pursue sustainable growth opportunities.

Commenting on the milestone, the Managing Director/Chief Executive Officer of CHI Life Assurance Limited, Tope Ilesanmi,described the successful recapitalisation as a defining moment in the company’s growth journey.

“Our successful recapitalisation is a clear demonstration of our shareholders’ confidence, our disciplined growth strategy and our unwavering commitment to building a life insurance company that customers can depend on for generations. It strengthens our financial capacity to innovate, expand our reach and deepen our promise of protecting lives and securing futures. As we continue to grow, we remain committed to delivering exceptional customer experience, prompt claims settlement and sustainable value to our policyholders, brokers and all stakeholders.”

Also speaking on the development, the Executive Director, Operations, Patience Ugboajah, said the recapitalisation and successful portfolio integration demonstrate the company’s operational readiness and customer-focused culture.

“Financial strength must always translate into an exceptional customer experience. Our continued investment in people, technology and operational efficiency has positioned us to deliver seamless service while maintaining the highest standards of excellence. We remain committed to providing responsive customer support, efficient policy administration and prompt claims settlement. Our goal is to build a life assurance company where every customer feels valued, protected and confident about the future.”

CHI Life Assurance expressed appreciation to its customers, brokers, corporate clients and business partners for their continued trust and support, noting that the successful recapitalisation and strategic portfolio expansion represent significant milestones in its vision to become one of Nigeria’s most respected and customer-centric life insurance companies.

As the Nigerian insurance industry enters a new era of stronger capitalisation and enhanced resilience, CHI Life Assurance Limited remains well-positioned to deliver innovative protection solutions, build enduring customer relationships and contribute meaningfully to increasing insurance penetration across Nigeria.

About Us:

CHI Life Assurance Limited is a Subsidiary of Consolidated Hallmark Holdings Plc. The Company is licensed by the Insurance Regulator, the National Insurance Commission (NAICOM) and fully capitalized to the tune of N10 Billion in line with regulatory requirements. CHI Life formally commenced business transactions with the granting of operational license on 10th March 2025 with the primary focus of driving a very professional insurance institution using technology to deepen insurance penetration in Nigeria.

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L-R: Eddie Efekoha, Group Chief Executive Officer, Consolidated Hallmark Holdings Plc; Pastor Ike Udobi, President, Institute of Loss Adjusters of Nigeria (ILAN); Mrs. Abimbola Tiamiyu, Registrar, Chartered Insurance Institute of Nigeria (CIIN); Pastor Mrs Yetunde Olubunmi Ilori, President and Chairman of Council, CIIN; Mrs. Ekeoma Ezeibe, President, Nigerian Council of Registered Insurance Brokers (NCRIB); Mr. Kunle Ahmed, Chairman, Nigerian Insurers Association (NIA); Mrs. Bola Odukale, Director-General, NIA; and Alhaji Abass Idris, President, Risk Managers Society of Nigeria (RIMSON), pictured with the external award winners.

The event showcased exceptional contributions across two categories. The internal category featured employees from across the Consolidated Hallmark Holdings Group and its subsidiaries, while the external category attracted students and emerging professionals from universities and polytechnics nationwide studying insurance and actuarial science. Participants engaged with timely, industry-relevant themes, presenting well-researched insights and forward-thinking solutions to critical challenges within the insurance landscape. This year’s top honours from the external category were claimed by participants from Imo State University, Owerri; University of Jos, Plateau State; and Federal Polytechnic Offa, Kwara State respectively.

Distinguished guest Mrs. Yetunde Olubunmi Ilori, President of the Chartered Insurance Institute of Nigeria (CIIN), graced the occasion and commended Consolidated Hallmark Holdings Plc for its consistent investment in professional development.

“I have watched this Essay Awards ceremony grow from its early days to its current national stature, and I wholeheartedly congratulate you,” she said. “This initiative perfectly aligns with my agenda and the core mission of the Chartered Insurance Institute of Nigeria — the development of manpower. I have no doubt that it has come to stay and will continue to thrive.”

Mr. Kunle Ahmed, Chairman of the Nigerian Insurers Association (NIA), commended the initiative, describing it as a strategic and impactful programme that perfectly aligns with the Association’s agenda for industry development.

“This is a very commendable initiative that strongly aligns with the NIA’s objectives,” he noted. “I congratulate Consolidated Hallmark Holdings Plc for their unwavering commitment to supporting Nigerian students and nurturing young talent. It is particularly noteworthy that this remains the longest-running essay competition in the Nigerian insurance industry — a true testament to sustained dedication and vision.”

Representing the external winners, Miss Favor Chinonso Agoha of Imo State University, the overall external champion, expressed profound gratitude on behalf of all participants:

“On behalf of myself and every participant, I sincerely thank you for your unwavering commitment to encouraging excellence, talent, and healthy competition. Your support transcends mere sponsorship; it fuels personal growth, builds confidence, and opens doors for young individuals like me to shine.”

In the internal category, Thompson Omons, a staff member of Consolidated Hallmark Holdings Plc, emerged as the overall winner. Expressing his delight, he said:

“Winning first place in the internal category of the 13th Consolidated Hallmark Holdings Plc Annual Essay Competition affirms that my efforts are valued. It also motivates me to redouble my commitment; not just to this award, but to excellence in everything I do.”

Winners across both categories received well-deserved cash prizeseach, with the overall champions taking home ₦1 million.

Eddie Efekoha, Group Chief Executive Officer of Consolidated Hallmark Holdings Plc, praised the high quality of submissions and underscored the strategic importance of building intellectual capital in the insurance industry.

“Ours is a knowledge-driven industry, and we must continue to champion initiatives that promote research and innovation,” he stated. “We are open to partnerships that will elevate this programme even further.”

Efekoha reaffirmed the Group’s steadfast dedication to professional growth, industry relevance, and knowledge sharing, noting that the sustained success of the essay competition stands as a testament to the organisation’s long-term commitment to advancing the insurance profession.

The ceremony culminated in a vibrant awards presentation, met with enthusiastic applause from guests and stakeholders who lauded Consolidated Hallmark Holdings Plc for its unwavering dedication to this impactful initiative over more than a decade.

We Consolidated Hallmark Holdings Plc Annual Essay Competition play an indispensable role. By sparking meaningful dialogue, nurturing exceptional talent, and inspiring the next generation of insurance leaders, the competition continues to strengthen the industry’s foundation for sustainable growth and innovation.

About Us:
Consolidated Hallmark Holdings Plc is a non-operating holding company focused on managing a portfolio of strategic investments across Nigeria’s financial services sector. Listed on the trading floor of the Nigerian Exchange Group in November 2023, the Group provides insurance, life assurance, healthcare, and financial solutions through its subsidiaries: Consolidated Hallmark Insurance Limited, CHI Life Assurance Limited, Hallmark Finance Company Limited, and Hallmark Health Services Limited. Together, these companies serve individuals, SMEs, and corporates with risk protection, health management, and financing solutions that support financial security and economic growth.

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PRESS RELEASE—In line with its commitment to education, industry development and thought leadership, Consolidated Hallmark Holdings Plc has announced the 13th edition of its Annual Essay Competition, an initiative that has grown into one of Nigeria’s respected academic platforms for advancing insurance education.

Since its launch in 2011, the financial services group has invested over ₦40 million in the educational sector through the competition, rewarding outstanding essays from tertiary institution students and staff members across the group. Beyond the cash prizes, the initiative has helped stimulate intellectual engagement, encourage critical thinking and deepen awareness of the role of insurance in economic development.

The 2026 edition introduces two categories designed to promote both internal reflection and broader industry dialogue.

The Internal Category, open to employees across the group, is themed “Re-enacting CHH Corporate Culture and Brand Identity: Why It Really Matters.” The topic encourages staff to reflect on the organisation’s culture and values, and how these translate into daily actions, professional conduct and customer experience.

The External Category, open to tertiary institutions offering insurance-related programmes across Nigeria, focuses on the topic “Economic Hardship: Effect on Disposable Income and Demand for Insurance.” Students are expected to examine how economic pressures influence household spending and insurance uptake, while proposing practical ideas that could strengthen financial protection for Nigerians.

Speaking at the pre-award press conference, the Group Chief Executive Officer of Consolidated Hallmark Holdings Plc, Eddie Efekoha, said the competition is designed to inspire ideas that can shape the future of the insurance industry.

“Economic hardship is not merely a statistic; it is lived reality in homes across Nigeria. Yet within constraint lies creativity. We are challenging our brightest Insurance and Actuarial Science students to move beyond describing the problem and provide bold, evidence-based thinking that charts realistic pathways toward wider insurance adoption and stronger household security.”

Efekoha added that the competition goes beyond academic recognition, describing it as “seed capital for ideas” capable of influencing industry thinking and innovation.

Also speaking, the Managing Director of Consolidated Hallmark Insurance Limited, Mary Adeyanju, emphasised that the initiative reflects the group’s long-term strategy of nurturing talent and strengthening the intellectual foundation of the insurance sector.

“Sustainable growth in insurance requires ideas, research and professionals who understand the realities of our market. Through this competition, we are bridging the gap between the classroom and the industry while encouraging solutions that strengthen trust and accessibility in insurance.”

To reward excellence, the national winners will receive:

• 1st Place – ₦1,000,000

• 1st Runner-Up – ₦750,000

• 2nd Runner-Up – ₦500,000

The winners will be unveiled at an award ceremony scheduled for April 13, 2026, at Workforce Group from 3:00 pm to 5:00 pm. The event will bring together finalists, parents, academic representatives, industry leaders and the media.

In a special highlight, winners from the previous edition whose recognition was postponed, will also be honoured, making the 2026 event a double celebration of academic excellence.

The competition is open to 300 Level and HND1 students and above studying Insurance or Actuarial Science. Essays must be original, typed with double-line spacing and referenced using APA style.

Entries are to be submitted through the Heads of Department of Insurance, who will forward the top three essays from their institutions to the organisers. Applications close on April 11, 2026.

About Us:
Consolidated Hallmark Holdings Plc is a non-operating holding company focused on managing a portfolio of strategic investments across Nigeria’s financial services sector. Listed on the trading floor of the Nigerian Exchange Group in November 2023, the Group provides insurance, life assurance, healthcare, and financial solutions through its subsidiaries: Consolidated Hallmark Insurance Limited, CHI Life Assurance Limited, Hallmark Finance Company Limited, and Hallmark Health Services Limited. Together, these companies serve individuals, SMEs, and corporates with risk protection, health management, and financing solutions that support financial security and economic growth.

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BY NKECHI NAECGE—Consolidated Hallmark Holdings subsidiaries – Consolidated Hallmark Insurance Limited and CHI Life Assurance Limited, have launched its high-impact #IfYouLoveItInsureIt campaign with a fuel giveaway for motorists in Lagos.

The initiative saw the Group’s brand ambassadors visit selected fuel stations to provide free fueling, combining corporate social responsibility with efforts to boost insurance awareness and engage directly with the public.

The activation is part of Consolidated Hallmark Holdings’ 2025/2026 brand engagement agenda, aiming to turn physical touchpoints into opportunities for real-time insurance education, quote requests, and increased product visibility.

An employee of Consolidated Hallmark Insurance engaging a motorist at the event.

To ensure wide reach and maximum engagement, the CSR activity took place simultaneously at the following stations:

Northwest Filling Station, Maryland Ikeja;
MRS Filling Station, Alaka Stadium and
Mobil Filling Stations Obanikoro, Lagos.

Speaking on the strategic intent of the project, the Managing Director/CEO of Consolidated Hallmark Insurance Limited, Mrs. Mary Adeyanju, noted that the initiative transcends mere philanthropy, serving as a critical tool for financial inclusion and risk education.

“This activation is a practical expression of our campaign message: If you love it, insure it. We want to meet our customers where they are, providing value while reminding them that the assets they cherish—like their vehicles—deserve the best protection,” Adeyanju stated.

She further emphasized that the initiative is geared toward humanizing the brand and making insurance more accessible to the average Nigerian.

“At CHI, we are committed to moving insurance from a ‘grudge purchase’ to a lifestyle choice. By engaging directly with the public, we are not only building trust but also ensuring that Nigerians understand how insurance acts as a safety net for their financial stability,” she added.

The CSR exercise featured a cross-functional team of staff nominated as brand ambassadors.

The products in focus during the engagement include Motor Insurance, All Risk Insurance, Travel Insurance, Rent Secure, Legacy Plan, and the Edusure Plan.

Social Media influencer and car enthusiast Mohammed Anifowose, popularly known as Mohammed Lexus, who graced the event, commended the companies for the initiative, whilst calling on motorists to insure their vehicles.

He implored his over five million followers on social media and the general public to embrace insurance as it remains the best tool to mitigate risks.

According to him, such proactive retail expansion strategies are essential for strengthening brand recall and fostering a culture of insurance consciousness in the country.

A beneficiary of the 10-litre fuel give away, Nnamdi Emenike, appreciated the gesture and commended the organisations for taking such a bold step to assist motorists.

He pledged to engage more with insurance, whilst urging the public to leverage insurance in protecting their lives and assets.

Another beneficiary Godwin Bassey, thanked the companies for such a great gesture, whilst imploring other insurance companies to emulate the initiative.

He also pledged to engage with the companies in his underwriting his insurances.

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