By John Shiklam The Kaduna State Government is to commence the implementation of the new pension scheme on Tuesday by paying pension benefits to its retirees scheme. The Executive Secretary of the tate Pension Bureau, Mr. Dan Ndackson, who disclosed this at a news conference in Kaduna yesterday, said the […]
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N.Y. pension fund puts ExxonMobil on notice over climate change
Washington State Comptroller Thomas DiNapoli, sole trustee of the state public employee pension fund, is again pushing for energy giant ExxonMobil to disclose how efforts to mitigate global warming will impact its corporate bottom line. On behalf of the million-plus state workers and retirees who form the nucleus of the […]
Canadian pension fund manager looks at logistics investment in India
By Allison Lampert MONTREAL (Reuters) – The real estate arm of Canada’s second-largest pension fund manager is looking at India’s logistics sector following the announcement this week of its first investment in the country for more than six years, President Daniel Fournier said on Friday. Ivanhoe Cambridge, the real estate […]
NAICOM shutdown website for maintenance
Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has shutdown its website to carry out routine maintenance, Inspen has learnt. Visitors to the website for the past one week have not been able to access the site, a development that has denied them necessary […]
Linkage Assurance hosts NCRIB Members’ evening
Apere Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc will be hosting the forthcoming Nigerian Council of Registered Insurance Brokers (NCRIB) interaction forum tagged members’ evening that would attract over 500 Managing Directors of Insurance Brokering firms and other stakeholders in Nigeria Insurance Industry. A statement by […]
NICON Insurance moves to resolve N26m claims feud with legislators
Leave a comment and share Chuks Udo Okonta NICON Insurance Plc, has initiated moves to resolve the N26 million claims dispute with Benue State House of Assembly, which had mandated the Nigerian Police to arrest the Managing Director of the underwriting firm, Bayode Samuel. Benue State House of Assembly, had […]
National Insurers in the United Arab Emirates Back in the Black
LONDON, UK – FEBRUARY 2017 – After an extremely challenging year of underwriting and investment losses for many market participants during 2015, the United Arab Emirates (UAE) insurance market has swung back into the black in 2016. The market has endured regulatory upheaval in the past year, and also encountered […]
Kengen to Sell 5% Stake to South African Pension Fund
By James Anyanzwa Kenya’s power producer KenGen will sell a 5.3 per cent stake to the South African Government Employees Pension Fund for $23 million. KenGen says it has entered into an agreement with the Public Investment Corporation SOC Ltd, the Fund’s manager, in which the South African pension scheme […]
Airtel Payments Bank plans to partner NBFCs, insurance companies
Airtel Payments Bank plans to tie up with insurance companies and non-banking financial companies (NBFCs) in the future to offer insurance and credit facilities, a company official said on Thursday. “As per the Reserve Bank of India’s guidelines, payments banks are not allowed to lend, but it can offer third […]
AIG sees uncertainty in ‘too-big-to-fail’ label for insurers-filing
By Suzanne Barlyn Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House administrations, according to a filing. The “appropriateness and federal regulation” of non-bank too-big-to-fail institutions may also be questioned, […]
