By Ahmad Zaki Pension funds for truckers, teachers and subway workers have lodged lawsuits in the US against Allianz for allegedly failing to safeguard their investments during the coronavirus market meltdown. Market panic around the virus that resulted in billions in losses earlier this year scarred many investors, but no […]
Insurance
Jubilee Insurance, Allianz force strategic partnership
Leave a comment and share Chuks Udo Okonta • Partnership covers general insurance in five East African countries • It aims to expand and broaden the insurance markets across East Africa • Transaction is subject to regulatory approvals Jubilee Holdings Limited (“JHL” or “Jubilee Insurance”), East Africa’s largest insurance group, […]
Leadway Assurance celebrates 50 years of insuring happiness
From right: Managing Director/CEO, Leadway Assurance, Tunde Hassan-Odukale; Executive Director, Leadway Assurance, Ms. Adetola Adegbayi; Chief Executive Officer, Leadway Asset Management, David Alao, Managing Director/CEO, Leadway Pensure, Mrs. Aderonke Adedeji; Managing Director/CEO, Leadway Capital & Trusts, Ayodeji Wuraola, and Immediate past MD/CEO, Leadway Assurance and current Chairman, Leadway Holdings, Oye […]
African Risk Capacity expands cover to non-sovereign risk transfer buyers
The African Risk Capacity (ARC), which has so far provided parametric disaster insurance products to countries in Africa, is set to expand its client base to include non-sovereign actors, as it looks to grow and diversify its portfolio of risks. african-risk-capacity-logoThe African Risk Capacity (ARC) has only provided risk transfer […]
ARC partners with insurtech Pula on agric index insurance products
Author: Charlie Wood The African Risk Capacity Limited (ARC Ltd), a commercial subsidiary of African Risk Capacity Group (ARC Group), has signed a partnership agreement with Pula to help provide agriculture index insurance products to the continents’ farmers. african-risk-capacity-logoAfrican farmers are exposed to a range of climate risks including drought, […]
Lloyd’s of London CEO expects appeal over UK business insurance judgment
Lloyd’s of London [SOLYD.UL] Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed. London judges ruled that some of the world’s biggest insurers were wrong to reject tens of thousands […]
Royal Exchange posts N14.21bn gross written premium in 2019
From left: Group Managing Director, Royal Exchange Plc, Olawale Banmore; Director, Hewett Benson; Company Secretary, Sheila Ezeuko; Director, Rufai Mohammed and Director Adeyinka Ojora at the event. Leave a comment and share Chuks Udo Okonta Royal Exchange Plc, Nigeria’s premier insurance and financial services group, has announced its results for […]
AIICO reinstates commitment with NAIPCO on bolstering insurance awareness
Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc has promised to continue to pursue its commitment to deepen insurance penetration, education and awareness in the country. Making the pledge during a breakfast meeting with the new executives of the National Association of Insurance and Pension Correspondents […]
Digital platforms reshaping insurance business – Ebose
Ebose Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Director, Anchor Insurance Company Limited, Ebose Augustine has said following the effects of coronavirus pandemic on business landscape and the economy, 50 per cent of insurance businesses are presently done through digital platforms. Ebose, who stated this […]
Regulator says 95% of MSMEs lack insurance
Insurance regulator IRDAI has said that only 5% of micro and small and medium-sized enterprises are insured, a situation brought into prominence by the COVID-19 pandemic. To narrow the insurance gap, the regulator will direct insurance companies to mandatorily offer a standardised cover for this segment, reported Times of India. […]
