Cornerstone Insurance Plc has reassured annuitants of its financial stability and long term capacity to meet pension obligations, reaffirming its commitment to trust accountability and consistent service delivery to retirees across Nigeria. The assurance was given at the recently held Annuity Forum in Lagos where the company engaged annuitants regulators industry stakeholders and members of the media.
The forum was organised to strengthen relationships and promote open dialogue between the company and its annuitants. Activities at the event included health screenings entertainment games dance sessions gift presentations and light refreshments. Beyond the social engagement the gathering provided a platform for discussions on service quality customer satisfaction and Cornerstone Insurance continued leadership in the annuity market.
Speaking at the event the Chief Executive Officer and Group Managing Director Mr Stephen Alangbo emphasised the company financial resilience and readiness to meet its obligations to policyholders. He described annuitants as a reflection of the trust placed in the company and noted that Cornerstone is focused on building a future ready business that remains relevant to individuals families and businesses nationwide.
Alangbo also announced that Cornerstone Insurance Plc has officially assumed responsibility for the annuity payments of former Lasaco Assurance Plc customers following regulatory approval. This comes after the successful takeover of annuity obligations from Niger Insurance Plc in the previous year further strengthening the company presence in the annuity segment. Lasaco Assurance Plc had earlier disclosed plans to transfer its annuity portfolio to Cornerstone as part of a restructuring effort to improve efficiency.
Addressing concerns about the Nigerian Insurance Industry Reform Act 2025 Alangbo assured annuitants that Cornerstone remains financially strong and does not require additional capital subject to confirmation by NAICOM. He stressed that the company is fully capable of meeting claims without disruption.
Cornerstone Insurance which has operated for over three decades continues to position itself as a dependable partner committed to safeguarding the welfare of retirees and long term policyholders.
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