Shareholders of Fortis Global Insurance Plc have given approval to raise additional capital towards strengthening its balance sheet and ensuring compliance with regulatory requirements set by the National Insurance Commission (NAICOM).
At its Annual General Meeting held in Lagos on February 12, 2026, shareholders authorised the board to take all necessary steps to raise funds through equity, debt, quasi-equity, or hybrid instruments, subject to regulatory approvals.
The resolution empowers the board to explore a broad range of funding structures, including ordinary shares, preference shares, bonds, subordinated instruments, convertible securities, rights issues, private placements, and public offers.
