Oliver Ralph Shares in Old Mutual rose more than 10 per cent on Monday morning driven by expectations of a break-up that could see the FTSE 100 insurance group split into four parts. Chief executive Bruce Hemphill, who has only run the group since last November, is likely to confirm […]
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Potential buyers ‘are showing an interest in Barclays Africa’
BARCLAYS Africa said there is no lack of interest from buyers seeking a stake in SA’s third-largest lender as Barclays prepares to reduce its 62.3% holding to less than 20%. The London-based bank’s interest would not be “sold in the short term and a number of players will have a […]
FBN Insurance deploys 3i Infotech’s End to End Premia Insurance Suite
FBNInsurance’s top executives 3i Infotech, a global technology solutions and services enabler today announced the successful implementation of their marquee product Premia™ Insurance Suite at FBN Insurance, Nigeria(West Africa). FBN Insurance (jointly owned by FBN Holdings Plc and Sanlam Emerging Markets, South Africa) is one of the leading Life and […]
Consolidation is inevitable under risk-based supervision – Kari
Alhaji Mohammed Kari was, last year, announced by President Muhammadu Buhari, as the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM). From then till now, he has embarked on series of initiatives aimed at deepening and repositioning the insurance sector for the better. In this […]
My agenda for insurance industry – Kari
Leave a comment and share Chuks Udo Okonta The Commissioner for Insurance, Mohammed Kari, has unveiled his agenda for the repositioning of the nation’s insurance industry, with emphasis on continuing with all initiatives started by his predecessor. He told Inspen that his main objective is to continue all the […]
Benjamin Agili now managing Director of Royal Exchange General Insurance
Agili Leave a comment and share Chuks Udo Okonta The Board of Directors of Royal Exchange Plc, Nigeria’s leading Insurance and Asset Management Group has announced the appointment of Benjamin Agili as the Managing Director/Chief Executive Officer (MD/CEO) of Royal Exchange General Insurance Company (REGIC), following the confirmation of his […]
Fitch: FCA Review Will Hit UK Insurers’ Closed-Fund Profits
(The following statement was released by the rating agency) LONDON, March 03 (Fitch) The review of closed-fund life insurance policies by the UK Financial Conduct Authority will make these policies less profitable and could lead to more insurers attempting to sell their closed funds to specialist managers, Fitch Ratings says. […]
Outlandish pensions
•A need to overcome an insensitive and self-serving move on the part of lawmakers The civil society has quickly reacted to efforts by the 8th NASS to amend the constitution to favour principal legislative officers with outlandish pension earnings after ceasing to be lawmakers. Leaders of various civil society groups […]
Apprenticeships come to insurance and financial services industries
Dane Lyons, an apprentice at Zurich North America, is photographed March 7, 2016, in Zurich’s Schaumburg offices. Lyons, 37, had been working in car sales but began the two-year insurance internship in January. (Stacey Wescott / Chicago Tribune) Apprenticeships, long a tool of the construction trades, are getting a good […]
Prudential Financial to Invest $350m in African Insurers, To Be Managed by LeapFrog
Prudential Financial Incorporated, a US-based financial services company, recently announced a three- to five-year investment of USD 350 million in life insurance companies in African countries such as Ghana, Kenya and Nigeria. The investment will be managed by LeapFrog Investments, a for-profit private equity fund that is based in Mauritius […]
