UNIC Insurance Plc was yesterday delisted and replaced by UNIC Diversified Holdings (UDH) Plc at the Nigerian Stock Exchange (NSE) as the insurance company completed its transformation into a financial services holding group. The Exchange conducted a simultaneous delisting of UNIC Insurance and the listing of the shares of UNIC […]
Insurance
2017 Pan-African Re/Insurance Journalism Awards winners announced
Photo of the 2017 Pan-African Reinsurance Journalism Awards winners attached (Isaac Khisa – Gareth Stokes – Josiane Kouagheu) The 2017 Pan-African Reinsurance Journalism Awards winners were announced at a gala dinner in Dakar, Senegal, shining a spotlight on the excellent work of African media in the industry. In its second […]
Commit Suicide, Lose Life Assurance, Insurers Warn Those Planning Suicide
By ZAKA KHALIQ As the rate of suicide continues to grow, insurers warn that those contemplating suicide who may first go and take out life insurance policy and then go home and commit suicide hoping to earn death benefits are thinking amiss as suicide is not an accident. If a […]
Bill on insurance of public building, building under construction passes second reading
Leave a comment and share Chuks Udo Okonta The bill seeking to amend the Insurance Act 2003, to set minimum limit of compensation in the event of death, injury or loss of property of third parties with respect to insurance of public buildings and buildings under construction, has passed through […]
BRIEF-Staco Insurance says delay in filing account
Staco Insurance Plc: * Says unable to submit 2016 audited account to Nigerian Stock exchange within stipulated dedaline of March 31, 2017 * Says account will be approved and submitted on or before April 30, 2017 Source: bit.ly/2oBroJt Further company coverage: (Bangalore.newsroom@thomsonreuters.com) Reuters
Lagos To Establish Agency To Manage Health Insurance Scheme
Lagos State Governor, Mr. Akinwunmi Ambode (middle); Chairman of AXA Group, Mr. Denis Duverne (left) and Chairman, AXA Mansard Insurance Plc, Mr. Sola Adeeyo (right) during the AXA Group courtesy visit to the Governor at the Lagos House, Ikeja, on Wednesday. By Kazeem Ugbodaga The Lagos State Government on Wednesday […]
A.M. Best Special Report: French Life Insurers Increase Prudency Amidst Taxing Market Conditions
The French life insurance market remains resilient, although the macro-economic environment has led to uncertainty, according to new research from A.M. Best. Despite the current economic pressures affecting France, the country continues to have one of the highest rates of household savings in Europe. Life insurance products – in particular […]
Cornerstone plans robust mobile insurance
From left: Head, Technical & Risk Management Division, Cornerstone Insurance Plc, Martins Uwuilekhue and Group Managing Director/Chief Executive Officer, Ganiyu Musa at the event. Leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc, says it will soon unveil robust mobile insurance products to carter for two critical identified […]
Wapic Insurance launches five unique products
From left: Rantimi Ogunleye, Managing Director/Chief Executive Officer, Wapic Life Assurance Limited; Olufemi Obaleke, Executive Director, Wapic Insurance Plc; Yinka Adekoya, Managing Director/Chief Executive Officer, Wapic Insurance Plc and Bode Ojeniyi, Executive Director, Wapic Insurance Plc at the introduction of Wapic Insurance Smart Life Products in Lagos. Leave a comment […]
Don’t Offer Products with Insurance Features, CBN Warns Banks
Obinna Chima The Central Bank of Nigeria (CBN) has advised banks under its regulation not to offer products that incorporate insurance features. The banking sector regulator also urged the financial institutions not to offer free premium payments as a feature of any of their products. The CBN stated this in […]
