New Telegraph 
Leadway Assurance Company Limited’s solid financial position has been independently attested with the reaffirmation of its National Scale Financial Strength Rating of AA+(NG) by Global Credit Ratings (GCR).
This was disclosed in a statement issued by head, Corporate Services, Leadway Holdings, Aishat BelloGaruba. GCR Ratings, a leading African rating agency, acknowledged in its latest report Leadway Assurance’s strong financial profile, well-established market position, and robust operational framework.
The rating reflects the company’s prudent risk management practices and ability to navigate challenging economic conditions while maintaining stable performance.
The rating agency also highlighted the company’s ability to sustain its competitive edge within the market, noting that, “the affirmation of Leadway Assurance’s rating is supported by its extensive brand recognition, long-standing presence in the insurance sector, and consistent operational excellence.
The insurer’s prudent capital management strategies have enabled it to maintain robust solvency levels and an industry-leading asset base.” In addition, GCR affirmed that the rating process for Leadway Assurance was conducted with full independence and integrity, adding that, “No aspect of the rating was influenced by any business activities external to the evaluation.
Our assessment was based entirely on the financial merits and risk profile of Leadway Assurance, conducted through virtual interactions and correspondence with the rated entity.”
Speaking on the reaffirmation, the Managing Director/Chief Executive Officer of Leadway Assurance, Gboyega Lesi, stated that: “This rating validates our strategic drive to bolster financial and operational resilience.
