Regency Alliance Insurance Plc has launched a private placement worth about N7bn as part of efforts to strengthen its capital base and support future business expansion.

The offer, unveiled at a launch ceremony on Friday, comprises 7.37 billion ordinary shares of 50 kobo each, priced at 95 kobo per share. Investors are required to make full payment upon acceptance of their applications.

The fundraising exercise comes shortly after the company concluded a N3.04bn rights issue, marking another phase in its capital enhancement programme.

According to the company, the private placement will open on July 15 and close on July 16, 2026, providing a two-day subscription window for qualified investors.

The offer is being managed by Investment One Financial Services Limited as the Lead Issuing House, while Radix Capital Partners Limited is serving as Joint Issuing House. Greenwich Merchant Bank Limited is acting as the Financial Adviser to the transaction.

Regency Alliance said the fresh capital would be used to reinforce its financial position, improve underwriting capacity and support its long-term growth strategy in Nigeria’s insurance industry.

The company noted that a stronger capital base would enhance its ability to underwrite larger risks and improve its competitiveness in the evolving insurance market.

Analysts said improved capitalisation would also strengthen insurers’ claims-paying capacity and boost confidence among policyholders and investors, positioning Regency Alliance for greater participation across key segments of the industry.