Leave a comment and share AM Best has maintained its market segment outlook on the global reinsurance industry at stable for 2021, citing factors that include positive pricing momentum, combined with tighter terms and conditions, offset somewhat by uncertainty with regard to claims reserve development associated with previous years’ property […]
Insurance
Coronation Insurance seals bancasurance deal with Access Bank
Managing Director, Coronation Insurance Plc, Mrs. Yinka Adekoya Leave a comment and share Chuks Udo Okonta Coronation Insurance Plc., formerly Wapic Insurance, has sealed a bancasurance deal with Access Bank Plc, a process that would enable the underwriting firm sell its policies through the bank’s branches. The Chairman, Coronation Insurance […]
Mutual Benefits Assurance gets shareholders’ nod to shop N4.8bn via private placement
Leave a comment and share Chuks Udo Okonta Mutual Benefits Assurance Plc sailing on shareholders’ endorsement is set to advanced its recapitalisation efforts in compliance with the regulatory requirement set for underwriting companies in the industry. The underwriter is embarking on a private placement to raise additional N4.8 billion, from […]
CIIN invites entries for April 2021 professional examination
President CIIN, Sir. Muftau Oyegunle • Releases results for October exams Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN), has invited entries online at www.ciinigeria.com for interested persons within and outside insurance industry for April 2021 professional examination of the institute. According to […]
Leadway implores farmers to seek counsel before embracing crowdfunding transactions
Ms. Adetola Adegbayi Leave a comment and share Chuks Udo Okonta Leadway Assurance Limited has implored investors into agrictect to seek professional counsel before parting with their money. According the company, though the business of insurance companies is to absorb risks, it only covers pure risks in agrictech crowdfunding and […]
Consolidated Hallmark empowers Journalists with N24m Group Personal Accident Cover
Efekoha Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI) Plc has renewed the Group Personal Accident Insurance cover worth N24 million Sum Assured for insurance journalists in the country. This, according to the company, is part of its Corporate Social Responsibility (CSR) project, to ensure that […]
Licensed microinsurers not sufficient to cover fraction of low income earners – NAICOM
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said its decision to grant permission to conventional insurance companies to operate microinsurance window operations, was because licensed microinsurers are not sufficient to cover even a fraction of the low income earners in nigeria The spokesperson […]
African Alliance pays N1.3bn claims in two months, supports NAIPCO’s developmental initiatives
Managing Director/Chief Executive Officer of African Alliance, Mrs. Joyce Ojemudia (5th right) executives of the firm, with Executives of National Association of Insurance and Pension Correspondents at the event. African Alliance Insurance Plc has said, the only way to make insurance tangible is for underwriting firms to pay genuine claims […]
Adetunji Akanji Ogunkanmi Foundation holds 20th memorial lecture
Ogunkanmi Leave a comment and share Chuks Udo Okonta The Adetunji Akanji Ogunkanmi Foundation (AOF) is holding a 20th memorial lecture in honour of the late insurance wizkid who passed on precisely on November 5, 2000. He would have been 60 years on Dec 5, 2020. The foundation established by […]
CHI pledges support for CIIN N2bn Victoria Island building project
From left: Mrs. Mary Adeyanju, Executive Director, Operations, Consolidated Hallmark Insurance (CHI) Plc; Mr. Eddie Efekoha, Group Managing Director/CEO, CHI Plc; Sir. Muftau Oyegunle, President, The Chartered Insurance Institute of Nigeria (CIIN); Mrs. Oluseyi Ifaturoti, past President, CIIN, and Mr. Babatunde Daramola, Executive Director, Finance, Systems and Investments, CHI Plc, […]
