Paulina Duran The Insurance Council of Australia began legal action on Thursday to seek formal clarification on whether they need to pay insurance claims to small businesses hit by the coronavirus pandemic. The ICA, whose members represent about 95% total premium income written by private sector general insurers, submitted pleadings […]
Insurance
Consolidated Hallmark Insurance records 100% subscription on right issue offer
Efekoha Leave a comment and share Chuks Udo Okonta The recent Rights Issue embarked upon by Consolidated Hallmark Insurance (CHI) Plc was fully taken up by its shareholders, Inspenonline can report. A statement by the firm affirmed that the company offered by way of Rights Issue 2,032,500,000 ordinary shares of […]
Linkage Assurance rewards shareholders with bonus issue, grows profit by 894%
From left: Executive Director, Technical, Okanlawon Adelagun; Managing Director, Daniel Braie; Chairman, Chief Joshua Bernard Fumudoh and Company Secretary, Moses Omorogbe all of Linkage Assurance Plc. at its 26th Annual General Meeting in Lagos. Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc has rewarded its shareholders with […]
WAPIC secures shareholders’ nod for change of name to Coronation Insurance Plc
From left: Managing Director, Wapic Insurance Plc, Mrs.Yinka Adekoya; Chairman, Mutiu Sunmonu CON, and Company Secretary, Ms. Mary Agha, during the company’s 61st Annual General Meeting in Lagos. Leave a comment and share Chuks Udo Okonta Wapic Insurance Plc has secured the approval of its shareholders to change the Company’s […]
Anchor Insurance grosses N5.1bn premium in seven months
From left: Financial Controller, Anchor Insurance Limited, Solomon Akpan; Executive Director Technical, Adebisi Ikuomola; Managing Director/CEO, Ebose Augustine Osegha, and Company Secretary/Legal, Ime Umoh at the event in Lagos. Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited, a fast rising underwriting firm in the country, has […]
Wapic insurance posts N15.2bn Gross Premium Written
From left: Managing Director, Wapic Insurance Plc, Mrs.Yinka Adekoya; Chairman, Mutiu Sunmonu CON, and Company Secretary, Ms. Mary Agha, during the company’s 61st Annual General Meeting in Lagos. Leave a comment and share Wapic Insurance Plc., posted N15.2 billion Gross Premium Written (GPW) in 2019, its Chairman, Mutiu Sunmonu, has […]
Worldwide insured catastrophe losses estimated at US$31bn in 1H2020 –Swiss Re Institute
By AIR team Global economic losses from natural catastrophes and manmade disasters in the first half of 2020 stood at $75bn, according to Swiss Re Institute’s preliminary sigma estimates released yesterday. The figure was higher than the $57bn for the same period a year earlier, but well below the average […]
Lagos State pays over N1bn accrued pension rights to 259 retirees
Obilana Leave a comment and share Chuks Udo Okonta The Lagos State Government said it has remitted the sum of N1,133,226,083.77 (One Billion, One Hundred and Thirty-Three Million, Two Hundred and Twenty-Six Thousand, Eighty Three Naira and Seventy-Seven Kobo) as accrued pension rights in favor of 259 retirees for the […]
CIIN gives kudos to FG for approval of Africa Trade Insurance
Oyegunle Leave a comment and share Chuks Udo Okonta The President of Chartered Insurance Institute of Nigeria, Sir Muftau Oyegunle has lauded the signing of the instrument of accession of the agreement for the establishment of the African Trade Insurance Agency by President Muhammadu Buhari. Reacting to statement credited to […]
Buhari signs instrument for African Trade Insurance Agency
Buhari Leave a comment and share The Senior Special Assistant to the President on Media and Publicity, Garba Shheu, on Monday reportedly said President, Muhammadu Buhari has signed the instrument of accession of the agreement for the establishment of the African Trade Insurance Agency. Shehu who disclosed this on his […]
