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
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 […]
Insurer Prudential enters Nigeria via insurance buy, Zenith Bank deal
Firm becomes Zenith-Prudential Life Insurance British insurer Prudential said it had bought a majority stake in Nigeria’s Zenith Life to give it access to the African country’s fast-growing insurance market. It said it had also signed a deal with the Nigerian insurer’s parent Zenith Bank Plc to sell life and […]
Insurers pay N147.5m claims on armed robbery attacks
Leave a comment and share Chuks Udo Okonta Insurance companies paid over N147.5 million claims on losses incurred from armed robbery attacks in 2015, Inspen has learnt. According to the Nigerian Insurers Association (NIA), most of the claims were paid to banks across the nation. The largest claims amounting to […]
Standard Alliance Life, ARM Life others shareholders’ funds plummet
Leave a comment and share Chuks Udo Okonta Thirteen insurance companies urgently need to raise their shareholders’ funds to remain afloat, Inspen Can report. The most affected firms according to the Nigerian Insurers Association (NIA) in its 2015 Nigeria Insurance Digest are: Standard Alliance Life Company Limited, which had N827,06 […]
NAICOM approves Guinea Insurance 2016 accounts
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has approved 2016 financial accounts of Guinea Insurance Plc, the Executive Director, Finance and Administration, Pius Edobor has said. According to him “The approval was contained in a letter signed on behalf of the Commission by its […]
NSE lifts suspension placed on shares of Sovereign Trust Insurance
Soyinka Leave a comment and share Chuks Udo Okonta The Nigerian Stock Exchange, (NSE) has unequivocally lifted the recent suspension it placed on trading of Sovereign Trust Insurance Plc shares. In a release issued by the Exchange on July 11, 2017 and signed by the Acting Head, Listings Regulation Department, […]
27 insurance companies have less than 1% market share – Report
Leave a comment and share Chuks Udo Okonta Twenty seven out of the 56 insurance companies presently engaged in underwriting business are relatively known by the public as they have less than one per cent of the industry’s market. According to the 2015 Nigeria Insurance Digest, published by the Nigerian […]
Theresa May to spend aid money on insurance against disasters in Africa
PM tells G20 that plan is to spend £30m over four years on private insurance policies to reduce need for humanitarian aid People fetch water at a refugee camp in Somalia at Doolow, a border town with Ethiopia. Humanitarian agencies estimate that 6.2 million drought-affected Somalis are in need of […]
