On Wednesday, the Kenyan government in partnership with six underwriters in the Crop insurance programme (CIP) released Sh117.5 million in compensation to 25,000 smallholder farmers in 28 countries for climate-related crop losses. The programme is aimed at revolutionizing how Kenyans practice farming. It involves local underwriters such as APA, Amaco, […]
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Reinsurers’ COVID-19 bill triples as claims start to emerge
By Anoop Khanna Europe’s four biggest reinsurers racked up an additional EUR3.46bn ($4.1bn) of coronavirus claims and reserves between them in the second quarter, taking the total for the first half of the year to EUR4.9bn, according to S&P Global Market Intelligence. More claims are likely to come in amid […]
More US consumers shop for motor insurance despite COVID-19 challenges
By Ridwan Abbas Even with the ongoing economic impact of the COVID-19 pandemic, overall personal auto insurance shopping rates in the first half of 2020 surpassed 2019 levels. The 2020 Insurance Shopping Annual Report by TransUnion found overall shopping rates were higher year over year in the first few months […]
Anchor Insurance managing director loses father
Late Elder James Ebose Ogbole Leave a comment and share Chuks Udo Okonta The Managing Director/CEO, Anchor Insurance Company Limited, Ebose Augustine, has lost his father, Elder James Ebose Ogbole to the cold hand of death. Elder Ogbole took a bow on Wednesday morning at Irrua Specialist Hospital, Edo State, […]
ILS Retrocession Capacity Further Squeezed in the Pandemic Era
Leave a comment and share Although the losses from previous years’ catastrophe events and the resulting trapped capital have been problematic for the entire insurance-linked securities (ILS) market, the strain is most visible in the retrocession (retro) segment, where capacity has tightened and rates have spiked, according to a new […]
Legendary pioneer CFI, Chief Eugene Okwor is 80
Okwor Life is nothing but what mortals put into it! According to Frantz Fanon, in his book: “wretched of the earth”, “Any man wrapped in himself would only make a small package”. These wise sayings typify the generous life of one of Nigeria’s finest citizens and professionals, Chief Eugene Amechi […]
Cornerstone Insurance posts N13.05bn gross premium written
From left: Tokunbo Bello, Executive Director, Technical/Operations; Ganiyu Musa, Group Managing Director/CEO; Segun Adebanji, Chairman of the Board; Chidinma Onwubere, Company Secretary; Steven Iwenjora, Non-Executive Director; & Chidiebere Nwokeocha, Executive Director, Business Development all of Cornerstone Insurance PLC. at the 28th Annual General Meeting of the company held Wednesday in […]
Lagos State pays N1.01bn to 218 retirees in August 2020
From left: Executive Director, Finance & investment Lagos State Pension Commission, Olumuyiwa Oshin, a retiree and the Director-General, Babalola Obilana, during the 78th batch Bond Certificates presentation ceremony in Lagos. Leave a comment and share Chuks Udo Okonta The Lagos State Government said a total number of 218 retirees have […]
Promoting insurers, media practitioners relationship
Ebose Augustine The Insurance Journalists must know the challenges the insurance practitioners are facing and therefore, learn to be on the part of ensuring growth for them rather than embark on any destructive journalism. Afterall, what will the Insurance Journalists gain if an insurance organisation sinks as a result of […]
Photos: Faces at inauguration ceremony of new executives of National Association of Insurance and Pension Correspondents
From left: Head, Brand and Corporate Communications, Anchor Insurance Limited, Egboboh Nelson; Chairman, National Association of Insurance and Pension Correspondents, Chuks Udo Okonta; past Chairperson, Mrs. Omobola Tolu-Kusimo and Executive Director, Technical, Anchor Insurance, Adebisi Ikuomola at the event. From left: Corporate Affairs Manager, NCRIB, Dele Ayeleso; Head, Brand and […]
