Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said the liquidity position of some underwriters is very bad, due to heavy investments on fixed assets. The Director, Policy and Regulation Directorate, NAICOM, Pius Agboola, who stated this at a programme at Ijebu-Ode, Ogun State, […]
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Lagos State to pay N1.5bn accrued pension rights next week
Governor of Lagos State, Babajide Sanwo-Olu Leave a comment and share Chuks Udo Okonta The Lagos State Government through the Lagos State Pension Commission (LASPEC) is billed to pay the sum of N1.5 billion accrued pension rights on Friday, August 30, 2019, for Retirees under the Contributory Pension Scheme (CPS). […]
Photos: Colximate Insurance Brokers Limited celebrates 25th anniversary
From left: Chairman, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Managing Director, Colximate Insurance Brokers Limited, Mrs. Funke Adenusi, Representative of Boulos Group of Companies, Claude; Deputy President, Nigerian Council of Registered Insurance Brokers, Dr. (Mrs) Bola Onigbogi; Husband of the Celebrant, Bolaji Adenusi at the 25th Anniversary Celebration of […]
Photo: FBNInsurance sponsors Jakin NGO Dress-A-Child for School project
From left: Chief Technology Officer, FBNInsurance Limited, Rivers Khumalo; Account Officer, Jakin NGO, Sanya Aro; Executive Director, Finance and Admin, FBNInsurance Limited, Festus Izevbizua and Head, Actuarial Services, FBNInsurance Limited, Adekunle Adeola during the cheque presentation in sponsorship of the 2019 Jakin NGO Dress-A-Child project.
NIA Chairman visits NSE, seeks support for recapitalisation of insurance companies
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 […]
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 […]
