From left: Olumide Bolumole, Div. Head, Listing Business, NSE, Val Ojumah, MD/CEO FBNInsurance Limited; Dr. Fatai Lawal, Managing Director, Sterling Assurance Company Limited; Oscar Onyema, Director-General, Nigerian Stock Exchange; Chairman, Nigerian Insurers Association, Tope Smart; Director-General Mrs. Yetunde Ilori; Chief Executive Officer, Wapic Insurance Plc, Mrs. Yinka Adekoya; Managing Director […]
Insurance
Over N29.64bn negative reserves to be cleared as insurers seek fresh funds
Leave a comment and share Chuks Udo Okonta Insurance companies seeking recapitalisation have to first wipe away their over N29.64 billion negative reserves before aligning their funds to the new minimum capital requirement, Inspenonline has learnt. The new order, would require affected companies to shop for funds above the new […]
Cornerstone Insurance posts N11.5bn gross premium written in 2018
From left: Group Managing Director, Cornerstone Insurance Plc, Ganiyu Musa; Chairman, Segun Adebanji and Company, Chidinma Onwubere at the event. * Shops N12.5bn authorised share capital Leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc., posted N11.5 billion Gross Premium Written (GPW) in 2018, its Chairman, Segun Adebanji, […]
AIICO Insurance names Babatunde Fajemirokun as Managing Director
Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc (‘the Company’) has announced the appointment of Babatunde Fajemirokun as the Managing Director/Chief Executive Officer with effect from August 14, 2019. A statement by the Company’s Secretary, Donald Kanu, said the appointment has been approved by the National […]
NAICOM moves to bar use of hot money for recapitalisation
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is working hard to see that illicit funds are not used by insurance companies to recapitalise, Inspenonline has learnt. According to sources working in NAICOM, the commission had put in place measures that would spot funds from […]
CIIN produces 3,335 associates, 212 fellows
* unveils compendium Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) which was established in August 1959 and charged with the general duty of determining the standards of knowledge and skills to be attained by persons seeking to become registered members of the […]
CIIN confers Doyen of Insurance on Olola Olabode Ogunlana
From left: President of CIIN, Eddie Efekoha decorating Olola Olabode Ogunlana with the Doyen award. Leave a comment share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has conferred the title of Doyen of Insurance on its former President and Chairman, SCIB Nigeria Limited, Olola Olabode Ogunlana, who […]
Sovereign Trust Insurance gets SEC nod for extension of rights issue
Soyinka Leave a comment and share Chuks Udo Okonta Following the approval from the Securities and Exchange Commission (SEC) Sovereign Trust Insurance Plc has extended its Rights Issue offer closing date which opened on Monday, June 24, 2019. The Rights Issue which ought to have closed on Wednesday, July 31, […]
NSE lifts suspension on trading in shares of Universal Insurance Plc
Ujoatuonu Leave a comment share Chuks Udo Okonta The Nigerian Stock Exchange (NSE) has lifted the suspension placed on the trading of shares of the Universal Insurance Plc. This was announced on the NSE’s website on Wednesday, August 7, 2019. With this development, trading on the company’s shares would resume […]
FG appoints Sunday Thomas Acting Commissioner for Insurance
Thomas Leave a comment and share Chuks Udo Okonta The Federal Government has appointed Sunday Thomas as the Acting Commissioner for Insurance pending the appointment of a substantive Commissioner by President Muhammadu Buhari. The appointment was announced in a letter entitled: Re: Handing Over Note: Appointment of Acting Commissioner for […]
