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Royal Exchange General Insurance Company Limited, founded in 2007 in Lagos, Nigeria, sells motor, fire, marine and agricultural insurance.
Founded in 2007 and headquartered in Lagos, Nigeria, Royal Exchange General Insurance Company Limited, which trades as Rex Insurance, offers motor, fire, general accident, engineering, marine and agricultural cover to individual and corporate clients. Revenue comes mainly from premiums, through direct sales and B2B partnerships, and the company extends its services to West Africa. In October 2021 it raised NGN 3.6 billion through a Secondary Buyout from Africinvest. It plans to add new products and expand further into West African markets by 2023.
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