The company was incorporated as Royal Exchange Assurance (Nigeria) Plc, a private lmited liability company on 29 December 1969. It was converted to a public limited company on 15 July 1989 and then listed on the Nigerian Stock Exchange on 3 December 1990. On 28 July 2008, the company changed its name to Royal Exchange Plc and transfered its life and general insurance businesses to newly incorporated subsidiaries, Royal Exchange General Insurance Company Limited and Royal Exchange Prudential Life Plc. The principal activities of the Group are general and health insurance, life assurance, asset management, credit financing and microfinance banking.
