Leave a comment and share Chuks Udo Okonta Retiree Life Annuity (RLA) Providers have been charged to invest annuitants funds in only public limited companies that made taxable profits, paid dividends and issued bonus shares for a period of three years. The directive was given in the Revised Regulation on […]
Insurance
British entertainment, left in dark, seeks government insurance help
By Carolyn Cohn, Barbara Lewis British theatres and live music venues say the show will only go on if the government provides a financial backstop, as the COVID-19 pandemic means they can no longer get commercial insurance. While venues for indoor live performances are not yet open in all of […]
Foreign banks, insurers set up nearly 100 institutions in China since 2018
Chinese authorities have given approval to foreign banks and insurers to set up nearly 100 institutions in China since 2018, an official said Sunday. “This shows that foreign financial institutions have full confidence in China’s economy and its financial development,” Zhou Liang, vice-chairman of the China Banking and Insurance Regulatory […]
Don’t stop us paying dividends, European insurers tell regulators
By Guy Faulconbridge and Elizabeth Piper Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The pandemic will likely lead to between $50 and $100 billion in losses for […]
Etihad Airways Begins Offering Complimentary COVID-19 Insurance
By Chris Loh It seems like COVID-19 insurance cover is one of the latest travel trends. Middle Eastern carrier Etihad Airways is metaphorically ‘jumping on the bandwagon’ and offering coverage as well. The Abu Dhabi-based carrier is introducing COVID-19 insurance as part of its ‘Etihad Wellness’ program. “The safety, health, […]
Finalists for 7th Middle East Insurance Industry Awards announced
A total of 41 insurers, brokers, risk managers, service providers and industry leaders have emerged as the finalists for the 7th Middle East Insurance Industry Awards. This year’s awards drew over 200 entries from the MENA region vying for the top honours in 16 categories. The finalists were shortlisted by […]
Abimbola Tiamiyu now CIIN DG as Borokini retires
Mrs. Abimbola Tiamiyu Leave a comment and share Chuks Udo Okonta The former Director of Examinations, Chartered Insurance Institute of Nigeria (CIIN) Mrs. Abimbola Tiamiyu, has resumed as the Director-General of the Institute as Richard Borokini, who joined the Institute in March 2016 had retired having served for four eventful […]
AIICO’s MD/CEO emerges winner in prestigious top CEO award
Fajemirokun Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer, AIICO Insurance Plc, Babatunde Fajemirokun, has emerged one of the winners in the prestigious Top CEO Award for 2020. A statement by the firm’s Head, Strategic Marketing & Communications, Segun Olalandu, said the award, jointly organised […]
Adeolu Adewumi-Zer to take over as MD/CEO of Allianz Nigeria
Leave a comment and share Chuks Udo Okonta • Adeolu Adewumi-Zer will take over as MD/CEO of Allianz Nigeria • She will continue to build and transform Allianz Nigeria into a company ready to secure the future of Allianz Africa stakeholders • Allianz Group obtains unanimous shareholder approval to purchase […]
Virtual insurance distribution platform opens
The Hong Kong Federation of Insurers has launched a virtual solution to enable distribution of long-term insurance products via video conferencing. Insurers, who choose this pre-vetted platform in their sandbox application for the distribution of long term insurance policies via video conferencing tools, will not need to go through the […]
