Intercontinental Wapic Insurance Plc (subsidiary of Intercontinental Bank Plc) was incorporated in 1958 as a Private Limited Liability Company to transact Life and Non-Life Insurance businesses in Nigeria. It became a publicly quoted company following the divestment of Federal Government holding in 1990, with its shares quoted on the floor of the Nigerian Stock Exchange. The Company is now a composite Insurance company licensed to underwrite all classes of life and non-life insurance cover.
Our company with an Authorized Share Capital of N 3.5 billion and a Paid-up Share Capital of N 500 million (as at 2009) is one of the leading underwriting firms in the insurance industry having been in business in Nigeria actively since 1958. Premium income in year 2004/2005 stood at N 1.6 billion and asset base was in excess of N 11 billion during the same period.