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Fortis Global Insurance Pivots to Growth Post-Recapitalization

Fortis Global Insurance has announced a shift in focus from balance-sheet restructuring to aggressive growth following a successful recapitalization exercise. Group Managing Director, Bode Akinboye, confirmed that the company has settled legacy obligations, including over N2 billion in payments to retail customers and pensioners, and has effectively cleaned up its books. The insurer is now prioritizing technology-driven distribution, product innovation, and efficient claims settlement to expand its market share and deepen insurance penetration in Nigeria.

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