Efekoha Leave a comment and share Chuks Udo Okonta Insurance companies generated about N1.72 trillion gross premium in six years, Inspen can report. According to the Nigerian Insurers Association (NIA) the premium was generated between 2011 and 2016. The association noted that between 2011 and 2015 life insurers posted N447.59 […]
Insurance
Insurance sector grows assets to N941.28bn
Chairman NIA, Eddie Efekoha Leave a comment and share Chuks Udo Okonta The insurance industry’s total assets stand above N941.28 billion, Inspen can report. According to the Nigerian Insurers Association (NIA), the total assets of underwriters in 2015 was N894.88 billion, while those of reinsurers stood at N46.40 billion, amounting […]
NIID: NIA generates N160.47m from data uploads in 2016
Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) says it got N160.47 million as proceeds from data uploads on Nigerian Insurance Industry Database (NIID) in 2016. According to the association’s 2016 financial report, the balance in the account of the NIID as at the beginning […]
A.M. Best Places Credit Ratings of African Reinsurance Corporation Under Review With Negative Implications
A.M. Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of African Reinsurance Corporation (Africa Re) (Nigeria). These Credit Rating (rating) actions follow further analysis of the corporation’s capital structure, namely the rights of shareholders to […]
Anyaoku decries non-enforcement of insurance laws
Anyaoku Leave a comment and share Chuks Udo Okonta The former Commonwealth Secretary-General, Chief Emeka Anyaoku, has called on the government and insurance industry practitioners to enforce insurance laws for overall interest of the public. He said this at the unveiling of new identity of IBN Limited in Lagos. He […]
IBN rebrands, unveils new identity
Press Release Lagos; 13th July 2017: Insurance Brokers of Nigeria (IBN), Nigeria’s premier insurance broking firm has strategically unveiled its new brand identity. IBN, a fully integrated risk management and insurance service firm offering premium services to individuals, businesses and government agencies since 1955 unveiled its new earth and gold […]
Paper by Prosper Okpue Executive Vice Chairman-IBN at unveiling of IBN’s new identity
Introducing IBN Prosper Okpue (Executive Vice Chairman-IBN) (Protocols) • His Excellency, Chief Emeka Anyaoku GCVO, CFR, CON – Chairman of this Historic Event • The Commissioner for Insurance, Alh. Mohammed Kari • The Chairman of IBN Board, Otunba (Dr.) Adekunle Ojora OFR, Chairman of IBN Board • Distinguished Guests and […]
Royal Exchange General Insurance pays N2.71bn claims in 2016
Agili Leave a comment and share Chuks Udo Okonta Royal Exchange General Insurance Company, (REGIC), one of Nigeria’s foremost insurance underwriters with a focus on General and Special Risks, says it paid out a total of N2.71 billion as claims settlements to its corporate and individual clients at the end […]
Insurance Brokers of Nigeria adopts new identity, now IBN Limited
From 3rd left: Mrs Ojuolape Ojora; Chairman, IBN Limited, Dr. Adekunle Ojora; Chairman of the occasion, Chief Emeka Anyaoku; Executive Vice Chairman IBN, Prosper Okpue; Chief Executive Officer UNIBA, Mareen Huffmeier and other dignitaries at the event. Leave a comment and share TChuks Udo Okonta Insurance Brokers of Nigeria Limited, […]
AIICO Insurance transfers assets to PTAD
Left to Right : Sharon Ikeazor,Executive Secretary-PTAD, Godwin Iheabunike, Legal Adviser, PTAD (Standing) and Mr.Ayodele Bamidele, Chief Financial Officer, AIICO Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc has formally handed over assets (landed property, private equity holding and cash) as legacy funds which the company held […]
