Anchor Insurance

Anchor Insurance Company Limited was licensed in October 1989

Anchor Insurance Company Limited was licensed in October 1989 as a General Business (Non-life) Insurance outfit and started operations in November of the same year. It had its Head Office at 7/13 Aka Road, Uyo, Akwa Ibom State.

In January 1992, the Company added Life/Pension class of Insurance to its business portfolio thereby attaining the status of a Composite Insurance Company.

In 1998, Anchor Insurance Company Limited was re-registered by National Insurance Commission (NAICOM) in the status of a composite insurance company under Registration Number RIC-072.

In 2003, new investors, headed by Dr. Michael Ntuk acquired substantial part of the Company’s equity as part of the privatization programme of the former owner-state government.