Opadokun Leave a comment and share Chuks Udo Okonta FBN General Insurance Limited, at its 4th Annual General Meeting (AGM)which held recently, presented its 2019 audited Annual Report and Financial Statement to its Board of Directors. While presenting the Annual Report and Financial Statement during the virtual Meeting, the Managing […]
Insurance
COVID-19 to hurt business until next year: Africa Re
The COVID-19 pandemic is likely to affect the business of Africa Re for the rest of 2020 and into 2021, according to Mr Corneille Karekezi, CEO of the reinsurer. He added that it could take months before the insurance industry can fully understand the impact of the pandemic on its […]
Ministry develops aquaculture micro insurance for fish farmers
The Marine Affairs and Fisheries Ministry has developed aquaculture micro insurance for fish farmers to minimize the risk of aquaculture businesses. “The protection scheme for fish farming under the aquaculture micro insurance in Indonesia will be expanded next year, not only for fresh water and brackish water fish farming, but […]
I have achieved the “Insurance first” slogan of my agenda – NIA Chairman, Smart
Smart Leave a comment and share The Chairman, Nigerian Insurers Association (NIA) Tope Smart in this interview highlighted the achievement recorded by his administration and other sundry issues shaping the insurance industry. Chuks Udo Okonta reports. You came into the leadership of NIA when the industry was under trial in […]
Insurance giant Lloyd’s of London, Pub chain Greene King apologise for slavery links
The two companies will make donations to black and minority ethnic groups. Credit: PA Two of the UK’s largest companies have apologised for their historic links to the slave trade. Pub chain Greene King and insurance market Lloyd’s of London have also vowed to devote large sums to projects assisting […]
Positive post-COVID mood in London Insurance Market
By Anoop Khanna Members of the London chapter of Professional Liability Underwriting Society (PLUS) are generally upbeat about the post coronavirus prospects of the London insurance market. About 100 members of PLUS (from London and North America) met online on 18 June 2020, and debated the question “To what extent […]
NEM Insurance posts N19.8bn gross premium in 2019
From left: Group Managing Director/CEO, NEM Insurance Plc, Tope Smart; Chairman Board, Dr. Fidelis Ayebae, and Company Secretary, Mrs. Olajumoke Philip-Akede, during the 50th Annual General Meeting of NEM Insurance Plc held in Lagos on Thursday 18/6/2020. *Pays 15 kobo dividend per 50 kobo ordinary shares Leave a comment and […]
Germany donates $5.9m to protect African countries with climate insurance amid COVID-19 crisis
By Cynthia Ang The German Ministry for Economic Cooperation and Development (BMZ) has provided $5.9m to ensure that the UN World Food Programme (WFP) can continue to protect 1.2m vulnerable African farmers with climate risk insurance, as the COVID-19 pandemic continues to spread into countries already dealing with the impacts […]
Lloyd’s to reopen in September at 45% capacity
By Zuhara Yusoff Lloyd’s has confirmed that it will reopen its underwriting room on 1 September, with strict new rules in place and a new-look environment. However, only 45% of its staff will be allowed to return in an effort to ensure social distancing. Clear screens around the underwriting boxes, […]
Old Mutual partners LASG to drive virtual learning across schools
From left: Managing Director, Old Mutual General Insurance Company Nigeria Limited, Mr. Olalekan Oyinlade; Lagos State Honourable Commissioner for Education, Mrs. Folashade Adefisayo and Managing Director, Old Mutual Nigeria Life Assurance Company Limited, Mr. Olusegun Omosehin during Old Mutual Nigeria’s visit to the Ministry’s Secretariat to announce series of support […]
