By Paul Lucas Old Mutual tipped to sell UK operations for £4 billion In what could be a further sign of consolidation in the life insurance and wealth management industries, South African insurance giant Old Mutual is being tipped to sell its UK operations, Old Mutual Wealth for a possible […]
Insurance
NAICOM sends directors of insurance firms to school
Leave a comment and share Chuks Udo Okonta The national Insurance Commission (NAICOM) has put in place a training program for directors of insurance firms that would enable them understand their roles. According to the Commissioner for Insurance, Mohammed Kari, the training would bring the directors to speed in understanding […]
Photo: Faces at the offices representatives committee of the CIIN 2016 workshop
The offices representatives committee of the chartered insurance institute of Nigeria held 2016 workshop at Legacy resort Abeokuta.
NAICOM redeploys heads of directorate
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has announced the redeployment of some directors to new portfolios in a minor reorganisation and rotation of heads of directorate in the commission. A statement by Head, Corporate Affairs, NAICOM, Rasaaq Salami, stated that the redeployment is […]
How Insurance Industry Fared Since Nigeria’s Independence
CFI, Mohammed Kari As Nigeria celebrated its 56 years of independence recently, ZAKA KHALIQ chronicles events in insurance industry in the last 56 years The birth of modern insurance in Nigeria is closely associated with the arrival of British trading companies, which facilitated inter-regional trade in the country. These foreign […]
Insurance Sector Loses N60bn To Motor Policy Annually – Investigation
NIA Chairman, Eddie Efekoha By ZAKA KHALIQ Nigeria’s insurance industry is losing a whopping N60 billion on a yearly basis as only 25 per cent of vehicles on Nigerian roads have genuine 3rd party motor insurance policy, LEADERSHIP exclusively learnt. This is aside hundreds of billions of Naira the industry […]
AXA CEO: Rumored Generali Takeover ‘Makes No Sense At All’
French insurer AXA has no plans to merge with large rivals, its chief executive told a German newspaper, responding to recent speculation about a possible takeover of Italian peer Generali. “That makes no sense at all,” Thomas Buberl told Sueddeutsche Zeitung, adding that taking over large rivals would require too […]
Car insurance premiums set to rise to over £700 in 2016, report warns
Average car insurance premiums are set to rise beyond £700 by the end of 2016, a new report warns. A combination of rising repair bills and insurance scams are among the reasons higher costs are being passed on to motorists, according to Comparethemarket.com. The price comparison website’s report found that […]
Haiti to receive US$20-m tropical cyclone insurance payout
A young man walks on a palm tree in front of a house destroyed by Hurricane Matthew, in Croix Marche-a-Terre, in south-west Haiti yesterday. Hurricane Matthew has claimed at least 108 lives in Haiti, Interior Minister Francois Anick Joseph told AFP yesterday. (Photo: AFP) THE CCRIF SPC (formerly the Caribbean […]
Microinsurance venture launched in Zimbabwe
A new insurance firm set up with the help of Bermudian companies to provide microinsurance in the developing world is to launch its first venture in Zimbabwe. And Blue Marble Microinsurance, set up by eight major players, plans to expand the business across the African continent. The Zimbabwe pilot scheme […]
