Zurich UK has announced that it will be returning GBP300,000 ($375,808) to travel insurance policyholders and is now in the process of offering a refund or rescheduling cover for every single policy holder (8,000 customers) who were unable to travel during the UK’s lockdown. “Travel insurance is designed to protect […]
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Efekoha bows out of office July 15, gives account of stewardship
Efekoha Leave a comment and share Chuks Udo Okonta The Outgoing President of the Chartered Insurance Institute of Nigeria (CIIN), Eddie Efekoha, whose tenure is set to end on Wednesday, July 15 2020, has said he is satisfied with achievements he recorded in the last two years at the helms […]
NSIA Insurance posts N9.19bn GPI in 2019
Ighodalo Leave a comment and share Chuks Udo Okonta Shareholders of NSIA Insurance Limited at the firm’s Annual General Meeting (AGM) which held on Tuesday, June 30, 2020 via teleconferencing, adopted all the resolutions submitted and approved a dividend payment of 1.45k (N0.0145k) per share for the 2019 financial year. […]
Only FCT, three states have valid group life – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said only the Federal Capital Territory (FCT) and three states have valid group life. PenCom in a recent publication named the states as; Lagos, Kaduna and Edo, even as it implored defaulting states to acquire adequate […]
Insurance Brokers caution on commercial implications of coronavirus
Leave a comment and share Shaibu Ali, the Vice President of the Insurance Brokers Association of Ghana, has urged brokers to carefully assess the commercial implications of the COVID-19 pandemic on their clients to protect themselves from the risk of claims. Mr Ali, who is also the CEO of KEK […]
Old Mutual confirms permanent CEO
Financial services firm Old Mutual Limited has announced the appointment of acting chief executive officer Iain Williamson as its permanent head. The move ends more than a year of uncertainty over who will lead one of South Africa’s biggest insurers following the suspension and subsequent sacking of former CEO Peter […]
Risk professionals urged to leverage opportunities during COVID-19
By Ranamita Chakraborty A recent research report from Airmic, a UK-based association for risk and insurance professionals, demonstrated that the scale and velocity of the COVID-19 pandemic took many organisations by surprise. At the same time, it found that risk professionals are receiving more board time than ever before as […]
Lagos State unveils retirees’ web portal
Obilana Leave a comment and share Chuks Udo Okonta The Lagos State Government has launched a web portal specifically designed to allow prospective retirees and retired officers interact with the Lagos State Pension Commission on management of retirees’ entitlements regardless of their location anywhere in the world. A statement by […]
Islamic Development Bank Group supports fight against COVID-19 with $2.3bn package
* Launches initiatives in partnership with UAE Ministry of Economy and AIM Leave a comment and share Chuks Udo Okonta A crowd of over 1000+ engaged participants comprising of exceptional entities, seasonal practitioners, Government officials, individual investors, business associations, entrepreneurs, Multilateral and financial institutions, Chairmen, Presidents & CEOs of local/international […]
AM Best Assigns Credit Ratings to WAICA Reinsurance Corporation PLC
Group Managing Director, WAICA Re, Abiola Ekundayo Leave a comment and share Chuks Udo Okonta AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to WAICA Reinsurance Corporation PLC (WAICA Re) (Sierra Leone). The outlook assigned to these Credit Ratings […]
