Coronation Insurance Plc was incorporated on 14 March 1958 as West Africa Provincial Insurance Company, to transact life and non-life insurance businesses. It became a publicly quoted company in 1990 when the company's shares were listed on the Nigerian Stock Exchange The company secured a life insurance business license from National Insurance Commission (NAICOM) in 2000. However in 1997 Intercontinental Bank acquired majority shareholding of Wapic Insurance Plc. The group is principally engaged in the provision of various classes of insurance such as general accident, fire, motor, engineering, marine insurance and life assurance businesses.
