Lloyd’s of London says it will establish a new European subsidiary in Brussels to avoid losing business when the UK leaves the EU. The 329-year-old insurance market confirmed the plan as it released its latest annual results. “A subsidiary office will be opened in Brussels with the intention that it […]
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NAICOM, others to sanction defaulters of public buildings insurance
By Clement Nwoji The National Insurance Commission (NAICOM), Nigeria Insurers Association (NIA), and Federal Fire Services (FFS), on Tuesday, agreed to embark on the enforcement of insurance of public buildings nationwide, and to sanction the owners of any such classified buildings without proof of insurance coverage. They resolved that henceforth, […]
Lagos State pays N582.19m to 109 retirees
Mrs Onanuga Leave a comment and share Chuks Udo Okonta Lagos State Governor, Akinwunmi Ambode, has released the sum of N582. 195 million to pay 109 retirees’ entitlements for the month of March, 2017. A statement by Mrs Ajoke Lawal of Public Affairs Unit, Lagos State Pension Commission (LASPEC), stated […]
Photos:Faces at FBNInsurance events
From left: Festus Izevbizua, Chief Financial Officer, FBNInsurance, Johan Schalkwyk, Chief Operating Officer, FBNInsurance, AVM Femi Gbadebo (Rtd.) OFR, Val Ojumah, Managing Director, FBNInsurance and Emeka Dibia, Chief Human Resources Officer, FBNInsurance during a sensitization visit of Benola Cerebral Palsy team to the company’s head office in Lagos, recently. From […]
Inspen retirement mata debuts on Naija FM
Chuks Inspen Media has launched a pidgin programme on radio, which is aimed at deepening pension awareness. A statement by its Chief Executive Officer, Chuks Udo Okonta, said the programme tagged: Retirement Mata, which is billed to commence Friday, April 7, 2017, will be aired on NAIJA FM 102.7 on […]
NAICOM to begin issuing compliance certificates to employers soon
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in a move to enforce laws on compulsory insurances, hopes to commence issuing compliance certificates that would be required in biding government’ s contracts. The Commissioner for Insurance, Mohammed Kari, told Inspen that the commission is presently […]
Nigeria pension office sacks five deputy directors for alleged employment fraud
Executive Secretary, Pension Transitional Arrangement Directorate, PTAD, Barr. Sharon Ikeazor [Photo: icpc.gov.ng] Bassey Udo Five deputy directors of the Pensions Transitional Arrangement Directorate, PTAD, have been fired for alleged employment fraud, the agency said Tuesday. The officials were sacked after a staff verification exercise revealed they breached established regulations prior […]
Senate urges FG to Release N174bn bailout funds for pension arrears
President Buhari The Senate on Tuesday urged President Muhammadu Buhari to order the immediate release of N174 billion voted in the 2016 budget for payment of pension arrears. The upper chamber said that fund was a bailout created in the 2016 budget to redeem all federal government pension indebtedness amounting […]
Enko Capital launches Africa focused debt fund with US$200m assets under management
NEWS RELEASE Enko Capital is pleased to announce the launch of Enko Africa Debt Fund (EADF), with US$200m assets under management (AUM). Enko Capital is an asset management company focused on investing in opportunities across Africa through three distinct platforms: Private Equity; Listed Equity and Fixed Income. The EADF will […]
Zurich Insurance moves into takaful with Malaysia buy
Zurich Insurance is set to take full ownership of Malaysia’s MAA Takaful after the deal received regulatory approval, giving Europe’s fifth-biggest insurer a foothold in the world’s second largest Islamic insurance market. MAA Takaful, one of Malaysia’s 11 Islamic insurers, is a joint venture launched in 2006 by MAA Group […]
