Standard Alliance Group (SAG), a pace-setting brand in Nigeria’s financial services space, commenced in 1996 when Olorogun O’tega Emerhor, OON, (a Nigerian businessman renown for his strength of turning failing companies around), Little Heroes Limited, (a vast Nigerian-based furniture company) and New Heroes Limited, (an investment company), jointly subscribed to the Corporate Affairs Commission for the incorporation of Standard Alliance Investments Ltd. The Commission officially granted this request on 5th December, 1996 when the company was issued a certificate of incorporation.
As an investment company, it immediately took up significant interests in Standard Alliance Insurance Company Limited now rebranded to its current name - SA Insurance Plc. This insurance company had been licensed to transact, among other things, the business of non-life underwriting in Nigeria. However, the company was later re-registered by the nation’s insurance regulatory body, National Insurance Commission (NAICOM), and was granted licence to begin Life Assurancetransactions. SA Life Assurance Ltd was, thereafter, created to perform life assurance underwriting. The creation of this new subsidiary provided another opportunity for Standard Alliance Investments Ltd to broaden its stakes in the insurance company by immediately going further to acquire significant shares in the life assurance subsidiary.
Satisfied with the performances of its investments in the insurance sector, the company's board, a forward thinking group of visionary leaders, seeing the unexplored opportunities in the nation’s financial market, concluded in 2007 on the need to run a complete one-stop financial services supermarket where individuals and corporate bodies could access insurance, individual/group life policies, mortgage facilities, real estate development/property business and investment banking, all under one roof.
This dream was achieved same year, 2007, when the real estate development/property trading subsidiary, SA Properties Ltd and the investment banking wing, SA Capital & Asset Management Ltd were all granted their certificates of incorporation to commence business. Additionally, in December 2007, Standard Alliance Investments Ltd took over the management of a mortgage bank, Lagoon Home Savings and Loans Ltd, where it had earlier significantly invested and consequently rebranded it to fit its strategy of becoming a full one-stop financial services centre.
Having achieved this feat, the board decided early 2009 to rebrand internally to a trading name which would henceforth serve as the umbrella body for its six subsidiaries which had earlier been fully rebranded. Consequently, Standard Alliance Investments Ltd which still retains its status as the holding company transmuted to its current trading name, Standard Alliance Group, adopting the red “S” with a green “a” in the belly of the “S” as its logo. The logo is simply an acronym of “Standard Alliance.”
The Group currently comprises five member-companies namely: SA Insurance Plc, SA Life Assurance Limited, SA Properties Ltd; Lagoon Home Savings and Loans Ltd (a mortgage bank) and SA Capital & Asset Management Ltd with a vision to continuously expand through the careful acquisition and expert management of underperforming assets.
The Group has a combined:
Asset base in excess of N16bn
Shareholders’ funds exceeding N13bn and
Authorised and paid up share capital in excess of N9.8bn.
The operations of each company in the Group are fully automated, demonstrating a commitment to use technology to drive excellence in service delivery. Its carefully selected human capital comprises men and women of proven professional accomplishments who carry out their duties with ownership diligence. Their committed spirits have been greatly responsible for the enormous success being recorded by each of the subsidiaries today. For detailed information on each of the five subsidiaries and their respective pacesetting competences in Nigeria’s financial services sector, please click on:
SA Insurance Plc
SA Life Assurance Ltd
Lagoon Home Savings and Loans Ltd
SA Properties Ltd
SA Capital & Asset Management Ltd.
Welcthe world of Standard Alliance Group … one key, multiple access.
Standard Alliance Insurance Plc (SA Insurance Plc.) is a high profile, technology-driven and customer-oriented company ranking among the best and most respected insurance companies in Nigeria both in terms of product and service delivery. SA Insurance Plc emerged from the now defunct Jubilee Insurance Limited, which was acquired in 1996 by investors. The company commenced full operations as Standard Alliance Insurance Limited in 1996, and went public, issuing shares in excess of N3billion in 2002 and becoming quoted on the Nigerian Stock Exchange in 2003. SA Insurance Plc was recapitalized in 2008 when it issued additional shares to the public to bring its share capital to excess of N6billion.
SA Life was incorporated as Foundation Insurance Company to transact Life Assurance Business in 1989. The company officially changed its name to Standard Alliance Life Assurance Company Limited on May 20th 1999, after acquisition. It commenced full operation in January 2000.
SA Life has successfully complied with the National Insurance Commission's insurance consolidation/recapitalization policies as at February 28, 2007.
ABOUT STANDARD ALLIANCE CAPITAL LIMITED We are a member of the Standard Alliance Insurance Group having as our core purpose, the delivery of exceptional values that ensure our clients get to their varied desired financial destinations. By this, we intend becoming the industry reference point in the provision of cutting-edge investment banking services. Given our group’s antecedents and pedigree in the Nigerian insurance industry, we are driven by the passion to keep improving on what we do and in this new effort to make yet another mark in the setting of standards, our overall goal is to become a frontline financial services powerhouse in Nigeria and the West African sub-region in the very short run.
ABOUT SA PROPERTIES LIMITED SA Properties Ltd. is a front line real estate development and property consulting company with experienced and dedicated personnel, who professionally tailor out real estate potentials to render value to your investments. SA Properties Ltd. Is a proud subsidiary of Standard Alliance Group, a foremost, dependable and recapitalized insurance company with an asset base of over ten billion Naira, with a very high client base gathered over the years from our parent establishment
ABOUT LAGOON HOME Lagoon Home Savings & Loans Limited was licensed and registered to carry out business as a Mortgage Bank on 15th December, 1992 and commenced operations in Jan 1993. Lagoon Home is a wholly owned Nigerian company. From inception Lagoon Home Savings & Loans Limited has operated from a functional purpose built business office with a license to offer a wide range of financial services this qualifying it as a one stop shop for financial transactions company.