Lasaco Assurance Plc has successfully raised N19.3 billion in a capital exercise, exceeding its initial N18.47 billion target by approximately 4.5%. This oversubscription reinforces the company’s compliance with NAICOM’s recapitalization requirements and boosts its solvency position. The funds will be utilized to expand underwriting capacity, upgrade technological infrastructure, and strengthen the insurer’s competitive standing in large-ticket risk segments.