Leave a commend and share FBNInsurance Limited, one of the leading life insurance companies in Nigeria, has presented its annual report to shareholders at the company’s Annual General Meeting (AGM) which held in Lagos recently. Addressing the members of the press, the Managing Director/Chief Executive Officer, FBNInsurance Limited, Val Ojumah, […]
Insurance
Linkage Assurance strengthens customer service centre to enhance complaints resolution
Braie Leave a comment and share Chuks Udo Okonta Linkage Assurance Plc has strengthened its Customer Service Centre to ensure customers get the best of attention and are able to resolve their complaints without going through hassles. The service centre, which has been equipped with state of the art technological […]
Insurance sector seeks N463bn capital as firms may reduce to about 25
Leave a comment and share Chuks Udo Okonta Insurance and reinsurance firms operating in the country in line with the new capital regime announced by the National Insurance Commission (NAICOM) would have to shop for N463 billion to enable them remain afloat. Data obtained from the Nigerian Insurers Association (NIA) […]
Insurance sector paid-up share capital may hit N666bn
Leave a comment and share Chuks Udo Okonta The new capital regime announced by the National Insurance Commission (NAICOM) may shore-up the paid-up share capital of insurance sector to N666 billion, that is if the 55 insurance and 2 reinsurance firms were able to scale the recapitalisation hurdles. The composition […]
Shareholders to seek legal counsel on NAICOM’s new capital for insurance sector
Coordinator Emeritus, Independent Shareholders Association of Nigeria (ISAN) Sir Sunny Nwosu and a shareholder at an event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) and shareholders of insurance companies may embark on another rounds of legal battle as the investors have resolved to seek […]
Consolidated Hallmark Insurance sustains dividends payment as shareholders get N162.6m
From left: Managing Director, Consolidated Hallmark Insurance, Eddie Efekoha; Chairman, Obinna Ekezie and Company Secretary, Mrs. Rukevwe Falana at the event. Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance Plc has declared N162.6 million amounting to two kobo per share dividend from its 2018 operations. Its Chairman, […]
NAICOM raises insurance, reinsurance paid-up share capital to N18bn, N20bn
Commissioner for Insurance, Mohammed Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today released the minimum paid-up share capital policy for insurance and reinsurance companies in Nigeria, which mandates Life Insurance companies to jack-up their capital from N2 billion to N8 billion; general business […]
AIICO Insurance pays N415.8m dividend
Leave a comment and share Chuks Udo Okonta The Board of AIICO Insurance Plc has declared a six kobo dividend per ordinary share of 50 kobo each, amounting to N415. 8 million to its shareholders, representing 20 per cent increase over what was declared in the previous year. The Chairman […]
Life insurers generate N328.88bn premium from benefit annuity
Leave a comment and share Chuks Udo Okonta Life insurance operators have generated N328.88 billion premium from benefit annuity since the inception of the Contributory Pension Scheme (CPS), Inspenonline can report. According to the National Pension Commission (PenCom) in its fourth quarter 2018 reports, life underwriters also made monthly annuity […]
Universal Insurance donates books worth over N2m to IMT
Benedict Ujuoatuonu, Managing Director/Chief Executive, Universal Insurance Plc, presenting the textbooks to the HOD, Insurance Department on behalf of the school in Enugu recently. Leave a comment and share Chuks Udo Okonta Universal Insurance Plc, one of the most proactive underwriting firms in the country, determined to deepen insurance education […]
