From left: Head, Corporate Affairs National Insurance Commission, Rasaaq Salami; Vice Chairman Sub Committee Publicity of the Insurers Committee/Managing Director, NSIA Insurance Company Limited, Ebelechukwu Nwachukwu and Head, corporate affairs, Nigerian Insurers Association, Davis Iyasere at the event. Leave a comment and share Chuks Udo Okonta Insurance industry rebranding project […]
Insurance
Cornerstone Insurance Shuts Down Branches
The management of Cornerstone Insurance Plc has announced closing two of its branch offices in Kaduna State and Calabar in Cross River State. In a statement issued to the Nigerian Stock Exchange (NSE) last week, the insurer disclosed that, “The businesses that were being handled at these (closed) locations will […]
We should set some targets to deepen insurance penetration – Ngozi Okonjo-Iweala
Dr. Ngozi Okonjo-Iweala Former Minister of Finance, Nigeria Former Nigeria’s Minister of Finance, Dr Ngozi Okonjo-Iweala, has called on the government and insurance operators to set specific targets on how to deepen insurance penetration. Okonjo-Iweala told the News Agency of Nigeria (NAN) on Friday in Busan, South Korea, on the […]
NSIA Insurance gets ISO certification
Mrs. Ebele Nwachukwu Leave a comment and share Chuks Udo Okonta NSIA Insurance Limited recently received the ISO 9001:2015 Certification from the Standards Organisation of Nigeria (SON), the representative of the International Organisation for Standardization (ISO) in Nigeria. The Company achieved this certification due to its successful implementation of the […]
Billionaire investors in the Nigerian Insurance space (1)
The insurance industry has often played second fiddle to the banking sector, largely due to the low penetration in the country. Poor corporate governance has meant that many insurance firms have done poorly in terms of share price and dividend payment. Some firms, however, have managed to stay above water […]
Consolidated Hallmark Insurance delights shareholders with N140m dividend
From left: Managing Director/CEO Consolidated Hallmark Insurance Plc, Eddie Efekoha; chairman, Obinna Ekezie and Company Secretary, Rukevwe Falana at the event. Leave a comment and share Chuks Udo Okonta Shareholders of Consolidated Hallmark Insurance (CHI) Plc, today approved the recommended 2 kobo dividend per share, amounting to N140 million dividend […]
Linkage Assurance PAT up 431% to N2.9bn in 2017
Apere Leave a comment and share Chuks Udo Okonta Underwriting firm, Linkage Assurance Plc has recorded a 431 percent growth in profit after tax (PAT) for the financial year ended 31stDecember 2017. The figure grew from N544.6 million in 2016 financial year to N2.891 billion in the review period. The […]
FBNInsurance wins AfricaRe/AIO Insurance Company of the Year 2018
Adenrele Kehinde, Chairman, holding the award plaque, flanked (from left to right) by Ekpe Ukpabio, Executive Director; Aderemi Ogunmefun, Director; Theuns Botha, Director; Val Ojumah, Managing Director/Chief Executive Officer; Margaret Dawes, Director; Oyewale Ariyibi, Director and Caleb Yaro, Director; all of FBNInsurance at the official presentation of the AIO Insurance […]
5 investors close to obtaining microinsurance licences
Leave a comment and share Chuks Udo Okonta Five investors seeking microinsurance licences have been interviewed by the National Insurance Commission (NAICOM) Inspenonline, has learnt. It was gathered that two of the firms have been granted approval to publish their intentions in the dailies, while the others will soon be […]
NAICOM approves Old Mutual Insurance 2017 financial accounts
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has approved the 2017 financial accounts of Old Mutual Insurance Company Limited and Old Mutual Life Assurance Company Limited. Also approved were the accounts of, Leadway Assurance Limited; Consolidated Hallmark Insurance Plc; FBNInsurance Limited; FBN General Insurance […]
