Insurance PHB Limited (formerly GTI Insurance Company Limited) is one of the recently recapitalized General Insurance Companies in Nigeria with an authorized and paid up capital of N3 Billion. Before the 28th February 2007 recapitalization exercise, the firm operated as a composite insurance outfit, underwriting all classes of insurance business including Life and General Insurance business.With the acquisition of substantial shares in the company by Bank PHB during the last recapitalization (in February 2007), the company is now fully refocused to be distinct in the Nigerian Insurance Industry.