Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it would continue to fight the menace of rate cutting through enactment of stricter regulations. The Commissioner for Insurance Mohammed Kari, disclosed this at the 2016 Risk Management Conference and Awards Ceremony in Lagos. He noted […]
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Treasury Department Rejects Plan to Cut Pension Benefits for Teamsters
By MARY WILLIAMS WALSHMAY The Treasury Department on Friday rejected a plan to cut benefits for 270,000 union drivers and retirees who belong to a deeply troubled Teamster pension fund, a decision that could thwart the intentions of other large, financially struggling pension funds. The move, welcomed by workers and […]
Ghana takes steps to strengthen insurance industry
Market reforms to reduce fragmentation and improve solvency, alongside the gradual expansion of bancassurance, should improve the medium- and long-term prospects of Ghana’s insurance industry. The coming months will likely see mergers across the sector, after the National Insurance Commission (NIC) raised capital requirements for insurers late last year. Consolidation […]
Great Nigeria Insurance donates learning kits to schools
Leave a comment and share Chuks Udo Okonta Great Nigeria Insurance Plc, one of Nigeria’s foremost insurance and financial services provider, as part of its Corporate Social Responsibility (CSR), recently donated educational learning kits to pupils of Wesley Schools 1 & 2, Surulere Lagos, for the hearing impaired. Speaking during […]
FBNInsurance widens retail network, opens four new offices
Leave a comment and share Chuks Udo okonta In order to further reach the uninsured in Nigeria, leading insurance company, FBNInsurance Limited, has opened four new retail offices in Umuahia, Eket, Orlu and Abraka. A press statement released by the Marketing and Corporate Communications department of the company reads in […]
RIMSON inducts Ojumah as fellow
From left: Val Ojumah, MD/CEO, FBNInsurance Limited receiving his commemorative plaque from Barr. Luke Aghedo of Luke Aghedo and Associates. The Managing Director and Chief Executive Officer of FBNInsurance Limited, Val Ojumah, has been inducted as a Fellow of the Risk Managers Society of Nigeria (RIMSON). His induction is a […]
Govt Not Utilising N1 Trillion Pension Fund for Infrastructure – PenCom
By Chris Agabi The National Pension Commission (PenCom) has disclosed that despite the availability of about N1.06 trillion for infrastructure financing, only N1.36 billion has been taken as at December 31, 2015, leaving N1.059trillion untapped. This was disclosed in a memorandum submitted by the National Pension Commission to the House […]
Canadian pension fund returns decline in first quarter -RBC
Canadian pension funds posted lower first-quarter returns on their investments due to global market volatility, according to RBC Investor & Treasury Services data released on Thursday. Growth has been negative in three out of the last four quarters, the company said. Returns fell 0.03 percent in the first quarter, following […]
RIMSON inducts 14 fellows, 54 associates
The associates Leave a comment and share Chuks Udo Okonta The Risk Managers Society of Nigeria (RIMSON) today inducted 14 fellows and 54 associate members. The induction was part of the ongoing 2016 Risk Management Conference and Awards Ceremony holding in Lagos. Some of the fellows are: Commissioner for Insurance […]
Photos: New associates of RIMSON
Inducted associates
