The first insurance company to establish its branch office in Nigeria is
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Correct Answer: Option B
Explanation:
The Company started operations in Nigeria represented by Barclays Bank DCO in 1918. A branch of the then parent Company, Royal Exchange Assurance, London, (REA...), was then established in Lagos on February 28, 1921. REA was originally founded in 1720 and was one of the first two insurance companies to receive legal status by Royal Charter.
The Company started operations in Nigeria represented by Barclays Bank DCO in 1918. A branch of the then parent Company, Royal Exchange Assurance, London, (REA...), was then established in Lagos on February 28, 1921. REA was originally founded in 1720 and was one of the first two insurance companies to receive legal status by Royal Charter.