Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association will hold an investiture luncheon in honour of its 22nd Chairman, Eddie Efekoha, on Tuesday, August 16, 2016 at the Grand Ball Room, Eko Hotel & Suites, Victoria Island, Lagos, at 11.30 am prompt. According to a statement […]
Insurance
Sovereign Trust Insurance posts N582.21m profit
Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc posted a profit after tax of N582.21 million in 2015, its Chairman, Oluseun Ajayi, has said. He disclosed this today at the firm’s Annual General Meeting in Lagos, adding that in spite the tough operating terrain the firm […]
Staco Insurance nets N84.32m profit
From left: Mr. Dere Otubu, former Chairman; Mr. Samuel Turoti, newly appointed Chairman and Dr. Sakiru Oyefeso, Managing Director/CEO all of Staco Insurance Plc at the 20th AGM of the Company held in Lagos. Leave a comment and share Chuks Udo Okonta Staco Insurance Plc recorded a profit after tax […]
Old Mutual to sell Italian stake
Sandile Mchunu Old Mutual is set to offload its Italian stake following its announcement on Friday that it has entered into a short period of exclusive negotiations with Cinven, the owner of Ergo Italia, regarding the sale of Old Mutual Wealth Italy. Although the company said there was certainty at […]
You are invited to the 2015 Nigerian Insurance and Pension Awards
All is set for the 2015 Nigerian Insurance & Pension Awards. Our friends are all invited to this glorious event that will help deepen pension and insurance in Nigeria. Experts to brainstorm on creating robust pension benefits for retirees How to create a robust pension benefits for retirees would be […]
Competition slows rate of rise for UK car insurance premiums -survey
British car insurance premiums rose less than expected in the three months to end-June compared with the previous quarter, as competition pressures kept growth in check, the AA said on Saturday. The average quote for an annual comprehensive car insurance policy was 568.48 pounds ($751.81) in the second quarter, a […]
Brazilian corruption probes, bankruptcies spawn insurance boom
SAO PAULO | BY ANA MANO Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of corporate bankruptcies. The country’s so-called Directors & Officers (D&O) insurance market has more […]
Motor Vehicle Bill to make it mandatory for government vehicles to buy insurance
In a move that will result in bumper business for insurance companies, the New Motor Vehicle Bill, passed by the Cabinet on Wednesday, proposes to make it mandatory for government owned vehicles to buy third party insurance, said sources. This could prove to be a game changer of sorts for […]
Old Mutual and UAP in historic merger
By Ephraim Maina A new Integrated Customer Care center, which amalgamates UAP insurance, Old Mutual and Faulu Microfinance Bank has opened its doors in Nairobi, ushering a new dawn to a complete merger between the two insurance providers and the microfinance institution. The one stop shop will be offering financial […]
Is the President insured?
“Soldier go, soldier come, but protect the current one” — A popular cliché modified by Author. It was about 3pm on a cold Tuesday afternoon July 24, 2012. The weather was similar to today’s. I had just returned from a business lunch at the Ghana Institution of Engineers. I drove […]
