Insights

Strong Financial Base Sovereign Trust Insurance Plc boasts a robust financial position with shareholders' funds exceeding N4 billion and a fully paid-up capital of over N2.5 billion, indicating strong capacity to underwrite large and diverse insurance portfolios.

Leadership Stability The recent appointment of Dr. Lucas Durojaiye as MD/CEO and the appointment of a new Chairman highlight active leadership renewal, offering opportunities for targeted relationship-building around strategic growth initiatives.

Regional Expansion With a nationwide branch network and active involvement in regional events like conferences and golf tournaments, the company demonstrates a commitment to expanding its regional and community presence, opening avenues for localized insurance products.

Industry Recognition Winning awards such as the Most Outstanding Auto Insurance Company and the Enactus Catalyst Award reflects the company's reputation for excellence, making it a compelling partner for collaborative innovations in auto and community-focused insurance solutions.

Market Focus Sovereign Trust operates across all classes of Non-Life business and has a significant presence in auto insurance, presenting sales opportunities in auto, property, liability, and specialized non-life insurance segments for targeted client acquisition.

Similar companies to sovereign-trust-insurance-plc

sovereign-trust-insurance-plc Tech Stack

sovereign-trust-insurance-plc uses 8 technology products and services including cdnjs, Font Awesome, Modernizr, and more. Explore sovereign-trust-insurance-plc's tech stack below.

  • cdnjs
    Content Delivery Network
  • Font Awesome
    Font Scripts
  • Modernizr
    Javascript Libraries
  • jQuery
    Javascript Libraries
  • Slider Revolution
    Miscellaneous
  • Ubuntu
    Operating Systems
  • Laravel
    Web Frameworks
  • Apache
    Web Servers

Media & News

sovereign-trust-insurance-plc's Email Address Formats

sovereign-trust-insurance-plc uses at least 1 format(s):
sovereign-trust-insurance-plc Email FormatsExamplePercentage
First.Last@stiplc.comJohn.Doe@stiplc.com
50%
First.Last@stiplc.comJohn.Doe@stiplc.com
50%

Frequently Asked Questions

Where is sovereign-trust-insurance-plc's headquarters located?

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sovereign-trust-insurance-plc's main headquarters is located at Lagos, Lagos Nigeria. The company has employees across 3 continents, including AfricaEuropeNorth America.

What is sovereign-trust-insurance-plc's phone number?

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You can contact sovereign-trust-insurance-plc's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is sovereign-trust-insurance-plc's official website and social media links?

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sovereign-trust-insurance-plc's official website is stiplc.com and has social profiles on LinkedIn.

What is sovereign-trust-insurance-plc's SIC code NAICS code?

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sovereign-trust-insurance-plc's SIC code is 6411 - Insurance Agents, Brokers, and Service NAICS code is 524 - Insurance Carriers and Related Activities.

How many employees does sovereign-trust-insurance-plc have currently?

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As of March 2026, sovereign-trust-insurance-plc has approximately 127 employees across 3 continents, including AfricaEuropeNorth America. Key team members include Head Of It And Infrastructure: A. A.Head Strategy & Corporate Planning: S. M.Head Of Human Resources: A. O.. Explore sovereign-trust-insurance-plc's employee directory with LeadIQ.

What industry does sovereign-trust-insurance-plc belong to?

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sovereign-trust-insurance-plc operates in the Insurance industry.

What technology does sovereign-trust-insurance-plc use?

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sovereign-trust-insurance-plc's tech stack includes cdnjsFont AwesomeModernizrjQuerySlider RevolutionUbuntuLaravelApache.

What is sovereign-trust-insurance-plc's email format?

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sovereign-trust-insurance-plc's email format typically follows the pattern of First.Last@stiplc.com. Find more sovereign-trust-insurance-plc email formats with LeadIQ.

When was sovereign-trust-insurance-plc founded?

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sovereign-trust-insurance-plc was founded in 1995.

sovereign-trust-insurance-plc

InsuranceLagos, Nigeria51-200 Employees

Sovereign Trust Insurance Plc commenced business in January 1995 with an authorized share capital of N30 million and a fully paid-up capital of N20 million following the acquisition and recapitalization of the then Grand Union Assurances Limited.

Presently, our authorized share capital is N3.5Billion divided into 7 billion units of 50 kobo per share. We have a fully paid-up capital of over N2.5 Billion and Shareholders' funds of over N4 Billion. The ownership of the company is made up of diverse shareholders from different walks of life. 

We operate currently through a network of branches Nationwide with our Head Office on Victoria Island, Lagos. The company is licensed as an insurer by the Federal Government with authority to underwrite all classes of Non-Life business.

Section iconCompany Overview

Headquarters
Lagos, Lagos Nigeria
Phone number
Website
stiplc.com
SIC Code
6411 - Insurance Agents, Brokers, and Service
NAICS Code
524 - Insurance Carriers and Related Activities
Founded
1995
Employees
51-200

Section iconFunding & Financials

  • $25M$50M

    sovereign-trust-insurance-plc's revenue is estimated to be in the range of $25M$50M

Section iconFunding & Financials

  • $25M$50M

    sovereign-trust-insurance-plc's revenue is estimated to be in the range of $25M$50M

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