Lasaco Assurance Plc has successfully concluded its Rights Issue, raising N19.30 billion and surpassing its target by 4.5 percent. The capital raise has received full verification from the National Insurance Commission (NAICOM) and final approval from the Securities and Exchange Commission (SEC). This milestone significantly strengthens the insurer’s capital base, supporting its compliance with the Nigerian Insurance Industry Reform Act 2025 and enhancing its overall underwriting and risk retention capacity.