About Texaline Insurance Plc
Texaline insurance plc incorporated on 26 July, 1987 as a private limited liability company and became a public limited liability company, quoted on the Nigerian Stock
Exchange in 1994. The organisation was established to conduct insurance business in a professional, ethical and customer-focused manner. As part of its corporate brand strategy, the company implemented a re-branding exercise in 2005 to position
Hollymarks as a leader in the industry, part of which was the unveiling of the new corporate identity for the company.
The Company is licensed and re-certified by the National Insurance Commission (NAICOM) to do both General and Life businesses. The classes of Insurance business, we currently underwrite include: Motor Vehicle, Aviation, Marine, Engineering All Risks, Asset Protection,
Liability to Third Party, Oil & Gas, Group Life, Credit Life, Mortgage Protection,Term Assurance,
Wealth Creation Products and Takaful (Islamic Insurance).
As part of our efforts to transform the industry; Cornerstone Insurance was the first company
in Nigeria to offer both general and family Takaful products approved by NAICOM. The company’s Authorized Share Capital and Market Capitalization is N9.2 billion and N5 billion respectively, while the Shareholders’ Funds is N12.9 billion as at December 2020.
The total assets of the company are in excess of N43.4 billion.
Over the years, we have received many accolades in recognition of our high level of professionalism. These include; the Chartered Insurance Institute of Nigeria (CIIN) Merit Award (1999), Nigerian Insurers Association (NIA) Distinguished Insurer of the Year Award (2000), NAICOM Award for Design and Development of New Products (1999), The Nigerian Stock Exchange 25th President’s Merit Award in the Insurance Group (2002), The Nigerian CSR Award (SERAs) for Best Company in Partnership for Development (2013), LEAD Africa Award for Best Insurance Company in Risk Management (2013), Special recognition at the International Conference on Islamic Finance for Best Takaful Provider Company of the Year (2017), Nigerian Risk Awards for Best Insurance & Pension Services (2016), Africa Insurance Awards for Innovative Insurance Company (2016). Nigerian Technology Awards for Best Insurance Company website (2018).
