Verod Capital Management Limited announced the completion of the merger between Tangerine Life Insurance Limited, a Verod Capital partner company, and ARM Life Plc.

The merger creates the fourth largest player in the Nigerian life insurance sector. Following the 100% acquisition of Tangerine Life in 2019, Verod further capitalised the business with a view towards pursuing inorganic growth, into the retail segment and making essential investments in technology.

Eric Idiahi, co-fo...