From left: Olumide Bolumole, Div. Head, Listing Business, NSE, Val Ojumah, MD/CEO FBNInsurance Limited; Dr. Fatai Lawal, Managing Director, Sterling Assurance Company Limited; Oscar Onyema, Director-General, Nigerian Stock Exchange; Chairman, Nigerian Insurers Association, Tope Smart; Director-General Mrs. Yetunde Ilori; Chief Executive Officer, Wapic Insurance Plc, Mrs. Yinka Adekoya; Managing Director […]
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Over N29.64bn negative reserves to be cleared as insurers seek fresh funds
Leave a comment and share Chuks Udo Okonta Insurance companies seeking recapitalisation have to first wipe away their over N29.64 billion negative reserves before aligning their funds to the new minimum capital requirement, Inspenonline has learnt. The new order, would require affected companies to shop for funds above the new […]
Cornerstone Insurance posts N11.5bn gross premium written in 2018
From left: Group Managing Director, Cornerstone Insurance Plc, Ganiyu Musa; Chairman, Segun Adebanji and Company, Chidinma Onwubere at the event. * Shops N12.5bn authorised share capital Leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc., posted N11.5 billion Gross Premium Written (GPW) in 2018, its Chairman, Segun Adebanji, […]
AIICO Insurance names Babatunde Fajemirokun as Managing Director
Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc (‘the Company’) has announced the appointment of Babatunde Fajemirokun as the Managing Director/Chief Executive Officer with effect from August 14, 2019. A statement by the Company’s Secretary, Donald Kanu, said the appointment has been approved by the National […]
Over N9.33trn pension fund assets adequately secured – PenOp
From left: Executive Secretary, Pension Fund Operators Association of Nigeria, Susan Oranye; Head, Technical Committee, Dapo Akisanya (AxaMansard Pensions); Vice President, Akeeb Akinola (Shell CPFA); President, Mrs. Aderonke Adedeji (Leadway Pensure); Treasurer, Bayo Yusuf (UBA PFC) and Head, Branding Committee, Wale Odutola (ARM Pensions) at the event. Leave a comment […]
NAICOM moves to bar use of hot money for recapitalisation
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is working hard to see that illicit funds are not used by insurance companies to recapitalise, Inspenonline has learnt. According to sources working in NAICOM, the commission had put in place measures that would spot funds from […]
Over N940bn pension fund assets invested in banks
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFO) have invested over N940 billion pension fund assets in banks in the country, Inspenonline can report. According to data obtained from the National Pension Commission (PenCom), the operators had as at June 30, 2019, invested […]
CIIN produces 3,335 associates, 212 fellows
* unveils compendium Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) which was established in August 1959 and charged with the general duty of determining the standards of knowledge and skills to be attained by persons seeking to become registered members of the […]
SPEECH DELIVERED BY THE PRESIDENT OF THE CHARTERED INSURANCE INSTITUTE OF NIGERIA, MR EDDIE EFEKOHA AT THE 60TH ANNIVERSARY GALA NIGHT, HELD IN COMMEMORATION OF THE INSTITUTE’S 60TH ANNIVERSARY ON THURSDAY 6THAUGUST AT HARBOR POINTS EVENTS CENTER, V/I, LAGOS.
Efekoha SPEECH DELIVERED BY THE PRESIDENT OF THE CHARTERED INSURANCE INSTITUTE OF NIGERIA, MR EDDIE EFEKOHA AT THE 60TH ANNIVERSARY GALA NIGHT, HELD IN COMMEMORATION OF THE INSTITUTE’S 60TH ANNIVERSARY ON THURSDAY 6TH AUGUST AT HARBOR POINTS EVENTS CENTER, V/I, LAGOS. Protocol The Doyen of Insurance, Olola Olabode Ogunlana OFR […]
Pension assets increased by N21bn in second quarter 2019
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension contributors injected N21 billion into the pension fund assets in the second quarter of this year, Inspenonline can report. The National Pension Commission (PenCom) revealed this in its monthly report on summary of pension fund assets and Retirement […]
