CircleLLP Advises CFG Africa on Insurance Brokerage Acquisition

2026 | By Circle LLP

CircleLLP advised CFG Africa on its acquisition of an insurance brokerage company, which will be renamed CFG Insurance Brokers.

Our work included preparing the transaction documents and obtaining letters of no objection from the National Insurance Commission (NAICOM) and the Federal Competition and Consumer Protection Commission (FCCPC). Commenting on the transaction, Oyeniyi Immanuel, Managing Partner of CircleLLP, said:

“We are beginning to see more transactions that reflect the maturation of the fintech market. Much of the initial investment went into payments and savings, building infrastructure and customer relationships that can now support a broader range of financial services. Insurance and asset management are increasingly part of that opportunity. For businesses entering these markets, the challenge is to bring distribution and technology together with the licences, governance and capabilities needed to serve customers well.”

The transaction adds to CircleLLP’s work advising businesses on acquisitions and regulatory approvals in financial services.

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