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Insurance

AIG General insurance reports estimated $458m COVID-19 losses

AIG CEO Brian Duperreault Leave a comment and share By Ranamita Chakraborty AIG’s general insurance business reported $458m of estimated COVID-19 losses for the quarter ended 30 June – although impacts from the pandemic will be manageable, according to the insurer. “We are effectively navigating the current complex environment due […]

Insurance

Sanlam pays N25bn for FBNInsurance

Leave a comment and share Chuks Udo Okonta Nigeria’s FBN Holdings Plc said it sold FBNInsurance Limited to Sanlam for N25 billion ($66 million) and had invested the proceeds as equity into its lending business to boost the bank’s capital ratio. FBN Holdings Chief Executive Officer Urum Kalu Eke, who […]

Insurance

Swiss Re expects to cover majority of COVID-19 losses

Swiss Re group CEO Christian Mumenthaler By Ranamita Chakraborty Even though Swiss Re reported a net loss of $1.1bn for the first half of 2020 after booking $2.5bn of coronavirus-related claims and reserves, its group CEO Christian Mumenthaler noted that the reinsurer expects the claims and reserves it booked in […]

Insurance

NCRIB to take insurance awareness to Presidency

From left: Tope Adaramola, Assistant Executive Secretary, Nigerian Council of Registered Insurance Brokers; Tunde Oguntade Vice President/representative of President, and Fatai Adegbenro, Executive Secretary/CEO during the annual general meeting of the NationalAssociation of Insurance and Pension Correspondents in Lagos. Leave a comment and share Chuks Udo Okonta The Nigerian Council […]

Insurance

NCRIB lauds FG for payment of 2020 group life insurance premium

From left: Tunde Oguntade Vice President/representative of President, Nigerian Council of Registered Insurance Brokers, Fatai Adegbenro, Executive Secretary/CEO and Tope Adaramola, Assistant Executive Secretary, during the annual general meeting of the NationalAssociation of Insurance and Pension Correspondents in Lagos. Leave a comment and share Chuks Udo Okonta The Nigerian Council […]

Insurance

AIICO Insurance posts N31.9bn gross written premium

Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc reported Gross Written Premiums of ₦31.9bn, up 26 per cent from the same period in 2019 (Q2 2019: N25.4bn). The growth was driven by sustained positive performance across the major lines of business of the Group. The Group’s […]