Access Holdings Plc’s Strategic Acquisition of Megatech Insurance Brokers

Access Holdings Plc, a front-runner in the banking and financial services industry, has announced a strategic move to expand its product portfolio by acquiring Megatech Insurance Brokers Ltd. The announcement was made public by the company’s secretary, Mr. Sunday Ekwochi, following regulatory approval from the National Insurance Commission (NAICOM). This acquisition forms a part of Access Holdings’ broader vision to build a globally connected ecosystem with roots in Africa.

Driving Growth and Managing Risks Efficiently

Megatech, a company licensed and regulated by NAICOM, will now focus on managing risk effectively to catalyze growth opportunities for various businesses. This acquisition is seen as a significant step in Access Holdings’ evolution, aligning with their mission to create a global platform that is open and accessible to all.

The Role of Access Holdings in the Acquisition

Access Holdings is not just a participant in this acquisition, but a strategic orchestrator of growth. The move is expected to complement the company’s existing product offerings, thereby enriching the bouquet of services it provides. This approach is in line with Access Holdings’ vision of building an ecosystem that resonates with the spirit of Africa and connects globally.

Words from the Top Brass

Dr. Herbert Wigwe, the Group Chief Executive Officer of Access Holdings, expressed his views on the acquisition. He remarked that this move is consistent with the company’s mission to establish a global platform that is transparent and accessible, offering unparalleled opportunities. Wigwe emphasized that the company’s goal is to devise intelligent solutions using advanced risk management tools and governance standards. These solutions are designed to address the unique risks faced by individuals and businesses, thereby enabling them to seize growth opportunities confidently.