AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” from “bb” and affirmed the Financial Strength Rating (FSR) of B (Fair) of Custodian and Allied Insurance Limited (CAI) (Nigeria). The outlook of the Long-Term ICR has been revised to stable from positive while the FSR outlook […]
Insurance
Two firms to get NAICOM’s microinsurance licence
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Chairman, Nigerian Insurers Association, Tope Smart and Deputy Commissioner for Insurance, Technical, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is set to issue operational licences to two microinsurance companies […]
Insurers pay N143bn claims as at Q3 2018
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha; Chairman, Nigerian Insurers Association, Tope Smart and Deputy Commissioner for Insurance, Technical, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta Insurance companies have paid N143 billion as claims to policyholders who suffered losses as at […]
Insurers pay N143bn claims as at Q3 2018
Leave a comment and share Chuks Udo Okonta Insurance companies have paid N143 billion as claims to policyholders who suffered losses as at the end of the third quarter of 2018, the Commissioner for Insurance, Mohammed Kari, has said. He said this today at the National Association of Insurance and […]
Brokers, NGO to challenge NAICOM’s policy in court
From left: Vice President, Nigerian Council of Registered Insurance Brokers, Barr Rotimi Edu; Divisional Head, Corporate Clients & Intermediaries, Ensure Insurance Plc, Mrs. Taiwo-Tella Ndukwe; Managing Director, Ensure Insurance, Mr. Sunkanmi Adekeye; President, NCRIB, Mr Shola Tinubu and Deputy President, Mrs Bola Onigbogi at the December Edition of NCRIB Members […]
Sovereign Trust Insurance surpasses 2018 target of N10.1bn GPI
*Holds strategy, budget session for 2019 Leave a comment and share Chuks Udo Okonta The quest for greater performance and sustainable profitability come 2019 formed the basis of the just concluded Management Retreat/Budget Session of one of the very proactive insurance companies in the country, Sovereign Trust Insurance Plc. The […]
Insurance doyen, Elder Oniwinde’s son bags AIIN
From left: President, Chartered Insurance Institute of Nigeria, Eddie Efekoha presenting certificate to Adebayo Oniwinde at the event. Insurance elder statesman Elder (Dr) Adelani Kehinde Oniwinde is in a joyous mood as his second son Adebayo Oniwinde was among the 138 new inductees that were awarded Associateship by examination of […]
Over 600 brokers, insurers bid NNPC multi-billion insurance business
Baru Leave a comment and share Chuks Udo Okonta The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru on Thursday said over 600 insurance brokers and underwriters participated in the bidding of the corporation’s 2018/2019 insurance business. Baru disclosed this at the 2018/2019 bid opening for Insurance […]
NSIA Insurance appoints Sunny Uwagboi as executive director
Uwagboi Leave a comment and share Chuks Udo Okonta NSIA Insurance Limited has appointed Sunny Uwagboi as executive director, following the approval of the National Insurance Commission (NAICOM) Sunny, joined NSIA Insurance to head Marketing and Relationship Management in February 2018 and was appointed Executive Director in July 2018. Prior […]
Linkage Assurance wins Pearl’s insurance industry award
From left: Mr. Tony Saiki, Head, Oil & Gas; Mrs. Joyce Ojemudia, General Manager, Marketing; Mr. Daniel Braie, Ag. Managing Director /CEO, all of Linkage Assurance Plc, receiving Pearl Sectoral Leadership Award in Insurance Category from Adedapo Adekoje, president, Chartered Institute of Stock Brokers during the 2018 Pearl Nigeria Awards […]
