Press release
Mansard Insurance plc’s outstanding performance has again been recognized as it was selected as one of the top quartile (first place in Insurance Category) of publicly listed Growth Strategy Leaders in Nigeria for the year 2015 awards season. This coveted award honors "best of the best" growth companies listed on the Nigerian Stock Exchange in Nigeria and was presented by MSY Analytics, (a teaming partner and Nigerian representative of global research and growth consulting giant, Frost & Sullivan).
According to MSY analytics, ‘Using a weighted scoring methodology, the performance and financials of all publicly traded companies on Nigerian Stock Exchange (NSE) as of December 31, 2014 were evaluated across several metrics such as Total shareholder returns, Revenue Growth and Profitability Growth. From within this pool, we selected elite group of ten top companies per industry and Mansard ranked #1 in the Insurance Industry.
The organizers further disclosed that Emerging and Frontier markets represent over 50% of world GDP & over 2/3 of global growth and thus a strategic focus area for investors around the world. While African continent is home to several of these markets, Nigeria (a key frontier market) enjoys a unique position as the largest GDP in Africa. Moreover, Nigerian Stock Market was among the 10 best performing markets around the world during 2013 and is expected to be an attractive market for both domestic as well as global investors for coming decades.
On receiving the award, Mr. Taiwo Adeleye, the head of Mansard’s Marketing and Corporate Communications Group, appreciated MSY Analytics for the honour accorded Mansard and he noted that Mansard has remained the biggest insurance company on the Nigerian Stock Exchange for several years.
The 2015 Growth Strategy Leaders award was presented during the Wharton Club of Africa (WCA) Executive Investment Summit & CEO Forum 2015 at the Intercontinental Hotel in Lagos.
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