Sovereign trust insurance plc

Sovereign Trust Insurance Plc is a non-life insurance company based in Lagos, Nigeria. Its head office is at 17 Adetokunbo Ademola Street, Victoria Island, Lagos. The company began business in January 1995.

The company says it offers motor, marine, oil and gas, aviation, contractors' all risks, fire, machinery breakdown, burglary, professional indemnity, public liability, workmen's compensation, personal and group accident, goods in transit, and travel insurance.

The site describes the company's financial position. It says paid up capital is 7.11 billion naira and shareholders' funds are over 23 billion naira. Total assets are said to be over 40 billion naira. The site says the company was upgraded to an A(NG) positive rating in 2022.

The site reports a 2026 rights issue that was oversubscribed. It says the company meets the new capital rules for non-life insurers. Its owners are a mix of individual and institutional investors.

Some products can be bought or checked online. The site has a quote and buy tool for family wellbeing cover and an easy travel cover. Motor policy holders can validate their policy on the site, and the site has a claims section where claims can be reported and tracked.

Agents can register and log in through the site. The company has a branch network across Nigeria, and the site lists branch managers and office addresses. A whistle blowing page is also on the site.

Contact details include phone numbers and a head office annex at 13 Ibiyinka Olorunimbe Close, Victoria Island. The company is on Facebook, LinkedIn, X and YouTube.