We established business in 1969 as Nigeria Exchange Insurance Company Limited. Over the years, we have been through series of transformations that have brought us where we are and shaped us into who we are today.

With a redirection of the internal and external dynamics of the company, we focused our core business on a yawning gap in the insurance industry: Energy Insurance. In 2003 International Energy Insurance, IEI was born. This was followed by a major recapitalization, which was needed to meet the challenges of this new direction.

In 2007, and with a general insurance license from the National Insurance Commission, IEI became a Plc and raised capital in the neighborhood of N7.7Billion from private placement. Our authorized share capital of 8.5 Billion has N2.5 Billion paid up and a capital reserve of N6.0 Billion as at 2007 financial year end.

The company’s security is backed by a consortium of local and foreign re-insurers coupled with our technical partners Mash Ltd., London, AON Corporation, London. AON is currently rated the No.1 Global Reinsurance Brokers.

IEI has in a short period experienced phenomenal growth in its business production and gained the confidence of the market, demonstrating innovation and an aggressive business development approach in a notoriously conservative industry.