Leave a comment Chuks Udo Okonta Whenever an insurer presents a professional certificate to you ensure you verify for it may be a lease document, as it has been alleged that the act has become money-spinner in the industry. The Managing Director Consolidated Hallmark Insurance Plc, Eddie Efekoha, at a […]
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Why insurers have high management expenses – Shareholder
Shareholders at an annual general meeting Leave a comment Chuks Udo Okonta For companies to attract best hands and retain them, they should be ready to pay, this was the submission of the Coordinator Independent Shareholders Association of Nigeria (ISAN) Sir Sunny Nwosu, while responding to the agitation on huge […]
PFAs keep RSA fund from foreign securities
Leave a comment Chuks Udo Okonta Pension Fund Administrators (PFAs) have withheld Retirement Saving Accounts of active contributors and retirees from foreign shares and money market securities. The National Pension Commission (PenCom) in an investment summary of October, 2015, said no investment was made in foreign securities from retirement saving […]
Insurance investors push for deduction of fine from management, board of errant firms
Shareholders at an event Leave a comment Chuks Udo Okonta Investors under the umbrella of Independent Shareholders Association of Nigeria (ISAN) are pushing for the payment of fine imposed on insurance companies by the managements and boards of errant firms. The Coordinator of ISAN, Sir Sunny Nwosu, who disclosed this […]
Ghana: National Pension Scheme Transfers Funds
The National Pensions Regulatory Authority (NPRA) has transferred a total of GHS 193,116,008.95 to Licensed Trustees administering mandatory 2nd Tier Occupational Pension Schemes. The amount represents total funds transferred to Trustees in 2015. The Authority commenced the transfers in November this year after applicants (Licensed Trustees) had successfully gone through […]
Protests mar pension sector in 2015
The inability of federal and state governments to meet the needs and demands of pensioners resulted to several protests staged across the country this year. Aggrieved pensioners staged the latest of such protests this Wednesday in Yenagoa, Bayelsa State, over four-month arrears of unpaid retirement benefits. “We are owed from […]
Insurers To Pay Out £520m After Storm Desmond
There have been 23,700 claims made for property damage – just over 4,000 relating to businesses, says Britain’s insurance body. British insurers say they are expecting to pay out more than £520m to help victims recover after Storm Desmond. Emergency payouts of £2.6m have already been made to people and […]
Contributory pension assets rise to N5.14tn
Mrs. Chinelo Anohu-Amazu Nike Popoola The total assets under the Contributory Pension Scheme rose to N5.14tn at the end of October this year. Figures obtained from the National Pension Commission on Wednesday showed that 56.28 per cent of the money totalling N2.8tn was invested in Federal Government of Nigeria bonds, […]
Goldlink Insurance unveils forensic audit report
Leave a comment Chuks Udo Okonta The Interim Management Board of Goldlink Insurance Plc, today unveiled the report of the forensic investigation instituted by the National Insurance Commission (NAICOM) when it took over the management of the underwriting firm. Its Chairman, James Ayo, unveiled the report at the firm’s […]
Shareholders rattle NAICOM, seek EFCC searchlights
Kari Leave a comment Chuks Udo Okonta A drama ensued today as a shareholder engaged one of the Directors of the National Insurance Commission in a war of words over the handling of insurance companies in the country. The feud was observed at the annual general meeting of an insurance […]
