Regency Alliance Insurance Plc completed a rights issue raising ₦2,540,666,000 and a private placement to strategic investors raising ₦3,500,000,000 in July 2026, a total of about ₦6.04bn, according to a statement dated 3 August 2026.
The company says the proceeds, combined with admissible assets less liabilities, place it above the ₦15bn minimum for non-life insurers under the Nigerian Insurance Industry Reform Act 2025. SEC allotment approval had been received and NAICOM verification was under way.
