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 Insurance Commission (NAICOM) prior to […]

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 unwholesome sources. They told this […]

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 Insurance profession in Nigeria, has […]

CIIN confers Doyen of Insurance on Olola Olabode Ogunlana

From left: President of CIIN, Eddie Efekoha decorating Olola Olabode Ogunlana with the Doyen award. Leave a comment share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has conferred the title of Doyen of Insurance on its former President and Chairman, SCIB Nigeria Limited, Olola Olabode Ogunlana, who is presently the oldest Insurance […]

Sovereign Trust Insurance gets SEC nod for extension of rights issue

Soyinka Leave a comment and share Chuks Udo Okonta Following the approval from the Securities and Exchange Commission (SEC) Sovereign Trust Insurance Plc has extended its Rights Issue offer closing date which opened on Monday, June 24, 2019. The Rights Issue which ought to have closed on Wednesday, July 31, 2019, has now been extended […]

NSE lifts suspension on trading in shares of Universal Insurance Plc

Ujoatuonu Leave a comment share Chuks Udo Okonta The Nigerian Stock Exchange (NSE) has lifted the suspension placed on the trading of shares of the Universal Insurance Plc. This was announced on the NSE’s website on Wednesday, August 7, 2019. With this development, trading on the company’s shares would resume on the floor of the […]

FG appoints Sunday Thomas Acting Commissioner for Insurance

Thomas Leave a comment and share Chuks Udo Okonta The Federal Government has appointed Sunday Thomas as the Acting Commissioner for Insurance pending the appointment of a substantive Commissioner by President Muhammadu Buhari. The appointment was announced in a letter entitled: Re: Handing Over Note: Appointment of Acting Commissioner for Insurance, referenced, F.1948/BFPIAC/S,2/24, dated August […]

CIIN @ 60: Insurance stakeholders advocate promotion of values, national rebirth

Dignitaries at the event Leave a comment and share Chuks Udo Okonta It was a moment of truth and introspection as stakeholders gathered today at the 60th anniversary symposium/public lecture of the Chartered Insurance Institute of Nigeria (CIIN) to critically examine the state of the nation and progress made so far by the insurance industry. […]

Underwriters cede $218.76bn sum insured of NNPC, Dangote, others

Executives of the National Insurance Commission with journalists in Ije Ode, Ogun State. Leave a comment and share Chuks Udo Okonta Insurance companies ceded over $218.76 billion sum insured of businesses placed by the Nigerian National Petroleum Corporation (NNPC), Dangote Refinery and eight others, Inspenonline can report. Sum insured is the amount of money that […]

CIIN reiterates commitment to Manpower Development during 60th anniversary celebrations

Leave a comment and share Chuks Udo Okontà The Chartered Insurance Institute of Nigeria (CIIN), Nigeria’s premier professional Institution is set to commemorate its 60 th anniversary with a schedule of activities lined up to acknowledge the Institute’s contribution to the development of manpower in the country in the past 60 years. Speaking to journalists […]
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