Breaking: Standard Alliance board suspends Akinboye as managing director

Leave a comment and share Chuks Udo Okonta The Board of Standard Alliance Insurance Plc has suspended the Managing Director, Bode Akinboye, Inspenonline can exclusively report. Bode’s suspension its was learnt was due to the crisis presently rocking the firm. Investigations revealed that the firm is presenting struggling with financial losses, huge management expenses, bloated […]

College of Insurance and Financial Management produces 14 diploma graduates

Leave a comment and share Chuks Udo Okonta The College of Insurance and Financial Management has produced 14 diploma in insurance graduates, a move which will help strengthen human capacity needs of the Insurance industry. President, Chartered Insurance Institute of Nigeria (CIIN) Mrs Funmi Babington-Ashaye, at the graduation ceremony at the College campus in Asese […]

ARIAN holds Conference, awards

Gbadebo Leave a comment and share Chuks Udo Okonta The Association of Registered Insurance Agents of Nigeria (ARIAN) will on Wednesday, December 6, 2017, holds its annual conference and awards. The events will hold at Nigerian Institute of International Affairs, 13/15 Kofo Abayomi Street, victoria Island, Lagos. The theme is “INSURANCE AGENCYPRENUER, THE DYNAMICS AND […]

A.M. Best Affirms Credit Ratings of Custodian and Allied Insurance Limited

A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” of Custodian and Allied Insurance Limited (CAI) (Nigeria). The outlook of the FSR remains stable, whilst the outlook of the Long-Term ICR remains positive. CAI is the wholly owned non-life subsidiary of Custodian […]

Aggrieved policyholders leverage new website, flood NAICOM with complaints

Leave a comment and share Chuks Udo Okonta The recently launched website of the National Insurance Commission (NAICOM) has provided a channel for dissatisfied insuring public to present their numerous complaints to the commission, Inspenonline has learnt. According to a member of staff of NAICOM, the commission has in recent times, received numerous complaints from […]

Universal Insurance: Why we delay in filling 2016 audited accounts

Leave a comment and share Chuks Udo Okonta Universal Insurance Plc (“Universal Insurance” or “the Company”) wishes to inform its esteemed shareholders, investing public and other stakeholders that it has filed its Audited Financial Statements for the year ended 31 December 2016 with The Nigerian Stock Exchange. According to Proshare, the company said delay in […]

NCRIB felicitates with Edu on graduation from NIPSS

Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has felicitated with its Vice President, Rotimi Edu, on his successful completion of course at the Nigerian Institute of Policy and Strategic Studies, Kuru. Edu, a Lawyer and Chartered Insurer, who graduated along other participants of Course 39 of […]

Sovereign Trust Insurance records 352% PAT increase in Q3 2017

From left:,Chairman , Sovereign Trust Insurance Plc, Mr. Oluseun O. Ajayi, MD/CEO, Olaotan Soyinka and Executive Director, Marketing and Business Development, Ugochi Odemelam at the 22nd Annual General Meeting of Sovereign Trust Insurance Plc held in Lagos. Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has shown a consistent rise in […]

AIICO Insurance wins 4 Pearl Awards, eyes micro insurance, bancassurance

From left: Creative Manager, AIICO Insurance Pl, Ademola Adenekan, Head, Strategic Marketing & Communications, Atinuke Jose; Head, Corporate Services, Phil Maduagwu; Executive Director, Technical Adewale Kadri and Principal Manager, Non-Life Business) Akinsola Akinsola at the award ceremony in Lagos.   Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc. won four awards at […]

46 insurance firms have less than 2% market share – NAICOM

Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has revealed that 46 out of 57 insurance and re-insurance firms have less than two per cent of the insurance industry market share. According to the 2016 financial performance of insurance companies published on the website of NAICOM, Leadway Assurance Limited, has […]
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