Agusto & Co, the nation s premier risk rating Agency has assigned Guaranty Trust Assurance plc a risk rating of A+, the highest risk rating given to any company in the Nigerian Insurance industry thus far by the rating Agency.

This is an outstanding milestone in the history of the 18- year old Company which was restructured and repositioned for industry leadership role and has emerged as one of the fastest growing insurance companies in Nigeria.

According to Agusto & Co, "GTAssur s rating is supported by good and sustainable profitability, sound investment management, adequate capital base (in excess of the minimum requirement for its line of business), good liquidity and good market share".

Mrs. Ngozi Omolaiye, the Marketing and External Communications Manager, substantiated this by stating that "our Company was born out of the desire to create an insurance company capable of providing world-class risk management solutions to discerning consumers in Nigeria and beyond. We are thus poised to provide both corporate bodies and individuals with good quality service at global standards".

It would be recalled that the company s 2006 financials show a Gross Premium Income in excess of N1 billion with a Profit Before Tax of N384 million thereby putting the company in the exclusive club of insurance companies with billion naira revenue.

Guaranty Trust Assurance plc, a subsidiary of Guaranty Trust Bank plc,  raised its capital from N500 million in 2004 to N5.3 billion by December 2006 and subsequently floated a subsidiary called GT Life Assurance limited to carry on life assurance business.