Leave a comment and share Chuks Udo Okonta In spite that they transact businesses, three insurance firms have resolved to keep their financial status in secrecy, flouting the law which mandates them to submit their accounts at the end of each financial year to the industry regulator for approval. According […]
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Custodian, Hogg Robinson secure NNPC’s multi-billion oil insurance
Leave a comment, share Chuks Udo Okonta Custodian and Allied Insurance and Hogg Robinson have been appointed as lead insurer and broker by the Nigerian National Petroleum Corporation (NNPC) for its 2016 oil insurance business, Inspen has leant. It was gathered that while the duo where chosen for the oil […]
Age UK found to be making millions from insurance and funeral deals
Age UK has made millions of pounds by providing insurance and funeral services to elderly people, amid criticism of its commercial arrangements with a leading energy supplier. The charity’s commercial arm, Age UK Enterprises Limited, provided almost half a million home, travel and car insurance policies in collaboration with Ageas […]
Old Mutual sells bond investor Rogge to rival insurer Allianz
By Marion Dakers, Financial Services Editor London-listed insurance group Old Mutual has sold off its bond manager Rogge to rival Allianz, becoming the latest international insurer to rejig its business. Rogge, which is based in the capital and has been on the market for several months, manages nearly £25bn but […]
Pensioners Picket First Bank Over N15,000 Monthly Pension, Others
Fisrt Bank Penssioners Union on Monday picketed the main branch of First Bank in Kaduna over alleged failure of the bank to improve the welfare of its pensioners. The National Chairman of the union, Alhaji Mohammed Bungudu told the News Agency of Nigeria (NAN) that the picketing was going on […]
Lapsed brokers’ licences re-registration: Could merger be way out?
Kari The requirements for re-registration of the 108 lapsed insurance broking licences were considered too stringent by some brokers, especially with the payment of N2.25 million licensing fees and N 250,000 appeal fees each, among others. However, there have been suggestions of merger among the affected broking firms to scale […]
Positive outlook for new pension regime – Petra Trust CEO predicts
By: Samuel Doe. Ablordeppey The Managing Director of asset management company Petra Trust, Mr Kofi Fynn, has said the economy will experience enhanced benefits from the current pension regime when more innovative products emerge on the market as investment instruments for fund managers. He said since investment channels were largely […]
China becomes world’s third largest insurance market
BEIJING, Feb. 8 (Xinhua) — China became the world’s third largest insurance market in 2015, with insurance premiums surging in the past five years, according to the China Insurance Regulatory Commission (CIRC). With an annual growth rate of 13.4 percent, insurance premiums increased from 1.3 trillion yuan (about 197.9 million […]
12 million Nigerian motorists carry fake insurance papers
Only about 4.3 million of the vehicles plying Nigerian roads have valid insurance certificates, NIKE POPOOLA writes Most motorists are endangering the lives of other road users by driving vehicles on Nigerian roads without appropriate insurance certificates, investigation has revealed. Instead of procuring valid certificates that would provide insurance cover […]
AXA Targets Africa Customers With $84 Million Online Investment
By Loni Prinsloo AXA SA plans to invest 75 million euros ($84 million) in Africa Internet Group, the Nigerian owner of online businesses including retailer Jumia, as France’s biggest insurer extends its product offering to customers on the world’s least developed continent. The deal will give the Paris-based company an […]
