FBS Reinsurance Limited Confirmed Fully Compliant with NIIRA 2025 Minimum Capital Requirements

We are pleased to announce that FBS Reinsurance Limited (FBS RE) has successfully completed the recapitalization exercise and has been confirmed by the National Insurance Commission (NAICOM) as fully compliant with the minimum capital requirements prescribed under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

In its press release and public notice dated 2 August 2026, NAICOM announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of NIIRA 2025.

We are proud to be among the insurance and reinsurance companies verified and confirmed by NAICOM as meeting the prescribed minimum capital requirements.

This milestone is a strong reflection of our commitment to:

 

• Regulatory compliance and accountability
• Financial strength and resilience
• Sound corporate governance
• Long-term business sustainability
• Delivering reliable reinsurance solutions to our clients and partners

 

As we celebrate this important milestone, we remain focused on strengthening our capacity, deepening our partnerships, and creating sustainable value for our clients, brokers, shareholders, and other stakeholders.

This is more than a regulatory milestone, it is a testament to our strength, resilience, and confidence in the future of FBS Reinsurance Limited.