Linkage Assurance Plc, a key player in Nigeria’s non-life insurance sector, has received a Long-Term Issuer Credit Rating (ICR) of “B+” (Good) from AM Best, a renowned global credit rating agency. The rating comes with a stable outlook, signaling confidence in the insurer’s ability to maintain its credit profile in the near to medium term.
In its official release, AM Best highlighted the company’s strong balance sheet, adequate operating performance, favourable business profile, and a robust enterprise risk management (ERM) framework as major factors influencing the positive rating.
This development makes Linkage Assurance Plc one of the few Nigerian insurance firms to be evaluated and rated by AM Best, further solidifying its reputation as a resilient and well-managed insurer in the Nigerian financial landscape.
Founded with a focus on non-life insurance, Linkage Assurance Plc is listed on the Nigerian Exchange Group (NGX) and currently operates 14 branches nationwide. Its corporate headquarters is located in Lagos, positioning it strategically in the heart of Nigeria’s commercial hub.
The assigned “B+” rating reflects the company’s ability to meet its ongoing insurance obligations and demonstrates a level of financial strength and credibility that can inspire greater stakeholder confidence, including that of policyholders, investors, and regulators.
According to AM Best, the stable outlook attached to the rating implies that Linkage Assurance is not expected to experience material changes to its financial condition or risk profile in the short to medium term—barring any unforeseen macroeconomic or operational disruptions.
The announcement comes at a time when the Nigerian insurance industry is being pushed toward enhanced transparency, customer confidence, and global competitiveness. Linkage Assurance’s rating is therefore likely to be seen as a benchmark for performance and governance standards within the sector.
The company has expressed its commitment to building on this milestone by further strengthening its capital base, improving operational efficiency, and exploring opportunities for growth in underserved insurance markets across Nigeria.
With this rating, Linkage Assurance Plc joins a small but elite group of Nigerian insurers recognised on the global credit scale, which could aid in attracting strategic partnerships, investments, and broader market trust.
