Mrs. Ilori Leave a comment and share Chuks Udo Okonta The signing of the 2020 Finance Bill into law by President Muhammadu Buhari, has been welcomed by insurance operators, who said the Act, has brought great tax relief to insurance business. The Special Adviser to the President, Femi Adesina, in […]
Insurance
NCRIB applauds Makinde on Gbagi market fire, offers insurance as recipe for risks
Leave a comment and share Chuks Udo okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has bemoaned the fire disaster that ravaged Akesan Market, (OjaAkesan) in Oyo town, where properties worth millions of naira were destroyed. The Council commended the promise made by the State Governor, Engineer Seyi Makinde […]
AM Best revises outlooks to stable for AXA Mansard Insurance Plc
Leave a comment and share Chuks Udo Okonta AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of AXA Mansard Insurance Plc (AXA Mansard) (Nigeria). The ratings reflect AXA Mansard’s balance sheet […]
AM Best affirms credit rating of Custodian and Allied Insurance Limited
Leave a comment and share Chuks Udo Okonta AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Custodian and Allied Insurance Limited (CAI) (Nigeria). The outlook of these Credit Ratings (ratings) is stable. CAI is the wholly owned non-life […]
NAICOM begins sponsorship of actuarial programme in June 2020
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said that by June 2020, it will commence the sponsorship of actuarial programme which is aimed at addressing the growing need for professional analysts in the sector. The Deputy Director/Head, Research, Statistics & Strategy Directorate, NAICOM, […]
NAICOM unveils insurance industry’s 2020 agenda
Thomas Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has identified major initiatives it will leverage to propel the insurance industry forward this year. The Acting Commissioner for Insurance, Sunday Thomas, who unveiled the initiatives at the 2020 NAICOM seminar for insurance journalists in Kano, […]
NAICOM to liquidate Investment and Allied Assurance, appoints receiver
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has appointed Odion Unuakhe as the receiver/liquidator to wind up the affairs of Investment and Allied Assurance Plc. The Secretary/Legal Adviser, NAICOM, Dr. Talmiz Usman, disclosed this at the 2020 NAICOM seminar for insurance journalists in Kano, […]
Oye Hassan-Odukale: Worthy applause for a silent builder
Oye Leave a comment and share Tope Adaramola The world has never been destitute of great men, they only become known and renowned when providence throws them up in the right places and the right time. The Nigerian insurance industry has been quite lucky to have some shining lights, among […]
Leadway Assurance appoints Tunde CEO, as Oye Hassan-Odukale retires
Tunde Leave a comment and share Chuks Udo Okonta Leadway Assurance Company Limited has announced the retirement of Oye Hassan-Odukale as Managing Director/Chief Executive Officer (CEO). A statement by the company said Oye is succeeded by Tunde Hassan-Odukale as the organisation’s Managing Director/ CEO effective January 01, 2020. Tunde Hassan-Odukale […]
NAICOM begins two years licence renewal for brokers, loss adjusters in April 2020
Cross section of executives of NAICOM and insurance journalists at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said it will commence a 2-year licence renewal process for insurance brokers and loss adjusters by April 2020. The Director, Policy and Regulation Directorate, […]
