Leave a comment and share Chuks Udo Okonta Leadway Assurance Company Limited for the past five years has made N18.08 billion from motor insurance, making it the lead underwriter in the business. According to a report obtained from the Nigerian Insurers Association (NIA), the company recorded N3.70 billion in 2010, […]
Insurance
London’s 328-year old insurance market will move a chunk of its business to Europe post-Brexit
By Will Martin London’s 328-year old Lloyd’s insurance market will definitely create an office somewhere within the European Union and move some of its operations to the continent in reaction to the UK’s Brexit vote. The Financial Times reports that the insurance market, the world’s oldest, has created a shortlist […]
Lloyd’s of London concerned for 2017 after insurance loss
By Carolyn Cohn Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd’s to cut its subscription rates. To tackle the downturn in premium rates, insurers would need to review […]
NCRIB boss unveils survival strategy for brokers amid recession
From left: Managing Director, Mutual Benefits Assurance Plc, Segun Omosehin and President, Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren at the event. Leave a comment and share Chuks Udo Okonta The President, Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren, has said insurance brokers need to be […]
Insurers want Trump to retain some parts of Obamacare Insurers want Trump to retain some parts of Obamacare
The proverbial clock is ticking. Once Donald Trump becomes president in January, it seems a matter of when, not if, the Affordable Care Act, America’s health law of the land, will be repealed or significantly amended. One of the key talking points of Trump’s campaign, and of the Republican Party […]
UK insurance body launches flood insurance for businesses
The British Insurance Brokers’ Association (BIBA) said it had launched an insurance scheme that provided flood cover for businesses, after the government backed a similar scheme for homeowners earlier this year. BIBA said the scheme, available only to its members and backed by Lloyd’s underwriting, will provide insurance for commercial […]
Insurance: Disquiet over Lloyds’ threat to withdraw services for airlines
Hadi Sirika, Minister of State for Aviation By Abdullateef Aliyu There is unease among domestic airlines in Nigeria following threat by Lloyd’s of London, the world’s leading insurance market, to blacklist them over irregular payment of premiums. It was learnt that representatives of Lloyd’s of London market were in Nigeria […]
17 Insurance Firms Battle Regulatory, Financial Issues, Unable To Hold AGM
By ZAKA KHALIQ As public and private companies across the country close their financial books for 2016, about 17 insurance companies, some of who were publicly quoted on the floor of Nigerian Stock Exchange(NSE), were unable to conduct their 2015 Annual General Meeting(AGM), LEADERSHIP exclusively learnt. Investigation shows that the […]
Continental Reinsurance Appoints new Chairman
Leave a comment and share Chuks Udo okonta Continental Reinsurance Plc has announced the appointment of Chief Ajibola Ogunshola as the new Chairman of the Board. The appointment took effect on November 8, 2016. He succeeds Mrs. Nadia Fettah who was recalled by C-Re Holding Ltd. Commenting on his appointment, […]
Recession: Lloyds threatens blacklist of Nigerian airlines
By Lawani Mikairu Lloyds of London, the world’s leading insurance market, has warned Nigerian airline operators that it might be forced to blacklist Nigerian airlines due to failure of some operators to pay their premiums to the insurer regularly. Airline Operators of Nigeria, AON, Chairman, Captain Nogie Meggison who disclosed […]
