Axa Mansard Insurance Plc (Nigeria)

Guaranty Trust Assurance was incorporated on 23rd June 1989 as a private limited liability company called “Heritage Assurance Limited” and issued with a composite insurance license by the National Insurance Commission in March 2004. The Company’s name was changed to Guaranty Trust Assurance Limited in September 2004 following the acquisition of a majority share holding by Guaranty Trust Bank Plc, and changed again to Guaranty Trust Assurance Plc in March 2006 following the increase in number of members beyond the maximum required for a private company. The Company’s principal activity continues to be provision of risk underwriting and related financial services to its customers. Such services include provision of life and non-life insurance services for both corporate and individual customers. The Company has two wholly owned subsidiaries, Asset Management Limited and Barista Property Development Company Limited (a special purpose entity). Assurance Asset Management Limited was incorporated as a private limited liability company on 9 January, 2008 and its principal activity involves provision of portfolio management services to both individual and corporate clients. Barista Property Development Company Limited was incorporated on 7 July, 2008 to provide property development and investment services to both individual and corporate clients.