Ojumah Leave a comment and share Chuks do Okonta FBNInsurance Limited, one of the leading life insurance companies in Nigeria, has paid out N5.4bn claims settlements to its clients at the end of the third quarter of 2019, the Managing Director/ Chief Executive Officer, Val Ojumah has said. Ojumah, in […]
Insurance
Consolidated Hallmark Insurance gets shareholders’ nod to raise N4.5bn capital
Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI) has secured shareholders’ approval to raise N4.5 billion additional capital to shore-up its minimum paid-up capital to N10 billion, ahead of the 30th of June 2020 deadline given to insurance companies in the country to recapitalise to a […]
Consolidated Hallmark Insurance Micro-Life Insurance subsidiary begins early 2020
Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance hopes to commence operations of Micro-Life Insurance early next year having paid the statutory deposit and licence application fee to the Central Bank of Nigeria ( CBN) and National Insurance Commission (NAICOM) respectively. The firm’s Chairman, Obinna Ekezie, disclosed […]
NAICOM counsels brokers to spread operations across Nigeria
Leave a comment and share Chuks Udo Okonta The National Insurance Commission has urged Insurance Brokers to establish their presence in all the nooks and crannies of the country to accelerate insurance penetration and financial inclusion. The Acting Commissioner for Insurance, Sunday Thomas gave the counsel when the delegation of […]
Niger Insurance posts N661.31m PBT in 2018, assures policyholders of claims payment
From left: Managing Director, Niger Insurance Plc, Edwin Igbiti and Chairman, Stephen Dike at the event. *Seeks N15bn fresh capital Leave a comment and share Chuks Udo Okonta Niger Insurance Plc, posted a Profit Before Tax (PBT) of N661.31 million in 2018, its Chairman, Stephen Dike, has said. He disclosed […]
NAICOM unveils ‘David’s stone’ to combat post recapitalisation challenges
Leave a comment and share Chuks Udo Okonta To effectively combat insurance industry’s post recapitalisation challenges, the National Insurance Commission (NAICOM), just like the biblical King David, who used the right stone to knock-down Goliath the enemy of the Israelites, seemed to have selected some key weapons that would help […]
NAICOM moves to stall misuse of multi-billion Naira recapitalisation funds
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has pledged to develop a framework that will ensure money raised from the ongoing recapitalisation is judiciously utilized so that shareholders can have value for their money. The Director, Policy and Regulation Directorate, NAICOM, Pius Agboola, who […]
CIIN plans 2020 international executive programme in Germany to aid recapitalisation
Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria ( CIIN) in line with its core mandate to develop and equip top management executives in the insurance sector towards ensuring that the on-going recapitalisation exercise is maximally harnessed, has called on underwriting practitioners to participate […]
Consolidated Hallmark Insurance posts 46% rise in PAT Q3 2019
Efekoha Leave a comment and share Chuks Udo okonta Consolidated Hallmark Insurance Plc, one of the leading underwriting firms in Nigeria has posted a Profit-After-Tax (PAT) of N519.6 million in its third quarter 2019 results, as against the N355.9 million recorded in the corresponding period of 2018, representing a 46 […]
NAICOM approves appointment of Abidogun as MD/CEO, Guinea Insurance
Abidogun Leave a comment and share Chuks Udo Okonta National Insurance Commission (NAICOM) has approved the appointment of Ademola Abidogun as the substantive Managing Director/Chief Executive Officer of Guinea Insurance PLC. The approval came in a letter dated 8th November 2019, captioned “Final Approval to Appoint Ademola A. Abidogun as […]
