Crusader insurance (Nigeria) Plc is a highly reputable company renowned for its efficient service delivery and prompt claims settlement.

Established in 1956, Crusader Insurance (Nigeria) Plc has a national network of branches and full computerization and a crop of experienced and highly competent professional staff back up its operations.

With a shareholder's fund of about N5.5 billion, Authorized share capital above N4 billion and asset base of about N9 billion, Crusader Insurance (Nig) Plc has a very strong reserve base and it is one of the highly capitalized insurance companies in Nigeria.

The company was able to achieve this feat through a Public Offer and Right Issue of shares which fetched about N3.1 billion and merger/acquisition.

The company consummated a Merger arrangement with Admiral Insurance Company Ltd and became the sole surviving entity following the dissolution of Admiral. The Company also acquired the following insurance companies under a Scheme of Arrangement: Royal Trust Assurance Ltd, Golden Insurance Company Ltd, Refuge Insurance Company Ltd and Trust & Guarantee Insurance Company.

At the court ordered meeting of the company for the approval of Scheme of Arrangement held on 30th April 2007, the company's shareholders approved the change of its legal status to a holding company following the incorporation of two wholly owned subsidiary insurance companies (Crusader Life Insurance Limited and Crusader General Insurance Limited). At the said meeting, the shareholders also approved a change of the company's name to Crusader (Nigeria) Plc. It should be noted that the change in the legal status of the company was necessitated by the need to comply with NAICOM guide-lines on recapitalization of insurance companies: making it mandatory for composite insurance companies to separate their operations into Life and Non-Life insurance operations to be undertaken by two legal entities.