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PenCom to hammer PFAs for wrong payment of death benefits

Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) will henceforth be liable and pay from their statutory reserve fund in the event of payment of death benefits to wrong beneficiaries, the National Pension Commission (PenCom) has warned. PenCom stated this in a circular entitled: ‘Addendum to […]


UK car insurance premiums fall 1% in Q3 – survey

The cost of a comprehensive motor insurance policy in Britain fell 1% in the third quarter, pushed down by uncertainty from the personal injury discount rate change in July and the market watchdog’s interim report on general insurance pricing practices, a survey showed. The average premium for a comprehensive policy […]


Royal Exchange posts N14.7bn gross written premium in 2018

From left: Ms. Sheila Ezeuko, Company Secretary/Group Head, Legal Services, Royal Exchange Plc; Kenneth Odogwu, Chairman, and Wale Banmore, Acting Group Managing Director, at the event in Lagos. Leave a comment and share Chuks Udo Okonta Royal Exchange Plc, Nigeria’s premier insurance and financial services group, has said it generated […]

Photo Gallery

Photo: Faces at FBNInsurance Limited cheque presentation to Benola in commemoration of 2019 World Cerebral Palsy day

From left: Head, Human Resources, FBNInsurance Limited, Cathy Sanni; Deputy Director, Benola, Dayo Gbadebo; Chief Technology Officer, FBNInsurance Limited, Rivers Khumalo; Executive Director, Finance & Admin, FBNInsurance Limited, Festus Izevbizua at the cheque presentation to Benola- A Cerebral Palsy Initiative in commemoration of the 2019 World Cerebral Palsy Day.


6 Best Mobile Phone Insurance in UK

By Gratian In this modern world, smartphones have become an important aspect of our lives. We depend on these devices so much, personally and professionally. However, despite their advances, smartphones are still susceptible to various risks such as damage, theft and loss, to name a few. This is why there’s […]


LASACO Insurance receives shareholders nod to raise N10b

From left: Managing Director/Chief Executive Officer, Segun Balogun; Chairman, Mrs. Aderinola Disu and Company Secretary, Mrs. Gertrude Olutekunbi at the event. * Pays 5k dividend Leave a comment and share Chuks Udo Okonta LASACO Insurance Plc has been granted approval by its shareholders to shop for N10 billion capital through […]