Regency Alliance Insurance Plc has raised N6.04 billion through a combination of a rights issue and private placement to meet the new N15 billion minimum capital requirement under the Nigerian Insurance Industry Reform Act 2025. The company confirmed that all necessary regulatory approvals have been obtained, proceeds have been transferred to the Central Bank of Nigeria, and all documentation has been submitted to the National Insurance Commission for final verification. This follows the July 31 deadline for industry recapitalization.