About Law Union & Rock Insurance
Law Union & Rock Insurance is a company based in Lagos (Nigeria) founded in 1951 was acquired by Verod in March 2020.. Law Union & Rock Insurance operates in a competitive market with competitors including Intact Ventures, Royal Exchange, SUNU Assurances Nigeria, Guinea Insurance and Veritas Kapital, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of Law Union & Rock Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Law Union & Rock Insurance
Law Union & Rock Insurance has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Verod. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Verod is recognized as a leading African investment firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Law Union & Rock Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Law Union Rock Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Law Union & Rock Insurance Comparisons
Competitors of Law Union & Rock Insurance
Law Union & Rock Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intact Ventures, Royal Exchange, SUNU Assurances Nigeria, Guinea Insurance and Veritas Kapital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of property & casualty insurances
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Property and casualty insurance is provided by Royal Exchange.
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| domain | founded_year | HQ Location |
Property and casualty insurance is offered in Nigeria.
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| domain | founded_year | HQ Location |
Diversified property and casualty insurance is offered in Nigeria.
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Operates as a property and casualty insurance carrier, providing tailored coverage solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Law Union & Rock Insurance
Frequently Asked Questions about Law Union & Rock Insurance
When was Law Union & Rock Insurance founded?
Law Union & Rock Insurance was founded in 1951.
Where is Law Union & Rock Insurance located?
Law Union & Rock Insurance is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Law Union & Rock Insurance do?
Law Union Rock Insurance was founded in 1951 and operates as a property and casualty insurance carrier based in Lagos, Nigeria. Services are focused on coverage for property risks and liability exposures, with operations centered in the Nigerian market. The company maintains an online presence through its domain, lawunioninsurance.com, supporting policy management and client interactions within the insurance sector.
Who are the top competitors of Law Union & Rock Insurance?
Law Union & Rock Insurance's top competitors include Intact Ventures, Royal Exchange and SUNU Assurances Nigeria.
Who are Law Union & Rock Insurance's investors?
Law Union & Rock Insurance has 1 investor. Key investors include Verod.
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