American International Group Inc. has made several new appointments in its commercial insurance division. Madhu Tadikonda, the insurer’s former commercial chief science officer, will replace Tim Carter in the position of commercial chief underwriting officer, AIG said Thursday in a statement. In his new role, New York-based Mr. Tadikonda oversees […]
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South Africa’s African Bank drops deal to buy insurance business from parent
Bailed-out South African lender African Bank said on Friday it would no longer buy an insurance business from its parent African Bank Investments Ltd (Abil), after a court order obtained by Abil shareholders delayed the deal. The deal had been announced in September as African Bank sought to assume control […]
ICBC looking into online car insurance renewals
How would you like to renew your car insurance on your laptop or smart phone? ICBC is working on a way to make that possible. Our American friends can use an app to renew insurance instead of having to head down to a broker’s office. ICBC wants to make this […]
Every $1 spent on @ARCapacity climate risk insurance saves $4.40 in humanitarian aid
NCRIB President unveils nine-point agenda
Leave a Comment Chuks Udo Okonta The new President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren, today unveiled his nine-point agenda that would help take the broking sector to lofty heights. He disclosed this at his investiture in Lagos, stressing that he would be committed to […]
INAUGURAL SPEECH DELIVERED BY MR. KAYODE OKUNOREN AS 18TH PRESIDENT OF THE NIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS
INAUGURAL SPEECH DELIVERED BY MR. KAYODE OKUNOREN AS 18TH PRESIDENT OF THE NIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS ON THURSDAY, OCTOBER 15, 2015 AT THE FEDERAL PALACE HOTEL, ViCTORIA ISLAND LAGOS. • His Excellences (Here Present) • His Royal Majesty, the Akarigbo of Remoland, Oba Michael Adeniyi Sonariwo • The […]
President Buhari’s body language not enough for economic growth – LCCI
Yusuf and the President of CICAN Toba Agboola at the event. Leave a Comment Chuks Udo Okonta The Lagos Chamber of Commerce and Industry (LCCI) has called on President Muhammadu Buhari to urgently unveil his policy direction as his alleged body language is not enough to engender economic growth. The […]
FCA cancels Ilford-based AAA Insurance’s permissions
Regulator says broker has failed to be open and co-operative. The Financial Conduct Authority (FCA) has cancelled AAA Insurance’s permissions to carry on regulatory services. The regulator stated that the broker has failed to comply with the regulatory requirement to submit its Retail Mediation Activities Return (RMAR) for the period […]
Insurance Bureau of Canada pushing to get Uber drivers covered
Tech superstar Uber has received a hand from Canadian insurers as it attempts to gain full legitimacy here. The Insurance Bureau of Canada says it is pushing some provinces for rule changes that would allow drivers working with the ride-sharing service to obtain a new type of coverage. The association […]
Shoprite referred to customer tribunal over insurance sale
Shoprite Investments Ltd and Shoprite Insurance Company Ltd have been accused of selling unnecessary cover and granting credit recklessly. The National Credit Regulator (NCR) announced on Wednesday that it had referred both of them to the National Consumer Tribunal (Tribunal) for: selling retrenchment and occupational disability covers to pensioners and […]
