Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has solicited for the establishment of an insurance working group within Nigerian Economic Summit Group (NESG). The Commissioner for Insurance, Olusegun Omosehin, made the appeal when he received a delegation from the NESG on a courtesy […]
Insurance
7 important benefits provided by NIIRA 2025 for policyholders
Kindly leave a comment and share Chuks Udo Okonta The enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 has brought key developments to insurance operations and provided great benefits to policyholders. It is expected that the proper execution and enforcement of the Act will impact positively on the […]
Rex Insurance appoints Richard Hardy as Non-Executive Director
Kindly leave a comment and share Chuks Udo Okonta Rex Insurance Limited, Nigeria’s preferred insurance company, has announced the appointment of Richard Hardy as a Non-Executive Director to the Board of the Company, representing BlueOrchard Finance, one of the strategic investors in the company. Speaking on this appointment, Ike Chioke, […]
Annuitants seek transfer as African Alliance Insurance pays August pension benefits
Kindly leave a comment and share Chuks Udo Okonta African Alliance Insurance Plc annuitants have commended the National Insurance Commission (NAICOM) and National Pension Commission (PenCom) for the payments of all their pension benefits arrears as they receive August 2025 payment last week. Whilst expressing their delights over the payments, […]
Rex Insurance flags off retail street storm in Yaba Lagos
Kindly leave a comment and share Chuks Udo Okonta Rex Insurance, a leading player in Nigeria’s insurance sector, took to the streets of Yaba and the environs in Lagos recently, with its flagship Retail Street Storm, a bold grassroots initiative aimed at demystifying insurance and promoting policy adoption among everyday […]
Leadway Holdings acquires 100% stake in PAL Pensions
*Strengthens footprint in the pension sector Kindly leave a comment and share Chuks Udo Okonta Leadway Holdings Limited (“Leadway”), one of Nigeria’s foremost and most diversified financial services groups, has announced that it has reached an agreement to acquire 100 per cent equity interest in Pensions Alliance Limited (“PAL”), a […]
6 things NIIRA won’t do for insurance industry
Kindly leave a comment and share Chuks Udo Okonta The enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 has brought great delights to insurance practitioners and stakeholders, even as it is expected to reposition and transform the sector. Whilst the Act remains a great piece of legislation, it […]
SEC exposes insurers to multi-billion naira businesses in Nigerian Exchange Group
kindly leave a comment and share Chuks Udo Okonta The Securities and Exchange Commission (SEC) has revealed haven of business opportunities in the Nigerian Exchange Group which insurance industry operators can explore to attain lofty heights. The Chairman Communication and Stakeholders Engagement Sub-Committee of Insurers’ Committee/Managing Director Rex Insurance Limited […]
Guinea Insurance grows insurance revenue to N2.84bn in 2024
Kindly leave a comment and share Chuks Udo Okonta Guinea Insurance Plc said its insurance revenue rose by 36.6 per cent, increasing from N2.08 billion in 2023 to N2.84 billion in 2024. The firm said this yesterday at its 67th Annual General Meeting (AGM) held virtually and provided shareholders an […]
Agusto & Co. assigns “A1” ratings to Heirs Insurance Group’s Life, General Businesses
Kindly leave a comment and share Chuks Udo Okonta Agusto & Co. has assigned strong ratings to the Life and General businesses of Nigeria’s fastest growing insurance group, Heirs Insurance Group. Heirs Life Assurance (HLA), the Group’s specialist life insurance business, was upgraded from “A-“ to “A” (long-term), with a […]