By: Omobola Tolu-Kusimo FBNInsurance Limited, a member of the FBNHoldings Company, associated with Sanlam Group SA, has been adjudged the winner of the Sanlam Emerging Markets (SEM) Cup of Nations. In the same vein, its Managing Director/Chief Executive Officer, Val Ojumah, won the coveted Sanlam Group CEO Award. Marketing and […]
Insurance
Osinbajo, others for 2017 insurance confab
From left: Head, Lagos Control Office National Insurance Commission Farinu Emmanuel; Chairman of Insurance Conference Committee and Managing Director of Scib Insurance Brokers Limited, Shola Tinubu and Vice Chairman Insurance Conference Committee and MD Wapic Insurance Plc, Yinka Adekoya at the event in Lagos. By: Omobola Tolu-Kusimo The insurance industry […]
Managing Director NICON Insurance is dead
Bayode Leave a comment and share Chuks Udo Okonta The Managing Director, NICON Insurance Limited , Bayode Samuel is dead Inspen gathered that he died early this morning in an Abuja Hospital. According to a source, he presented a paper at an event yesterday and was in his office until […]
NAICOM approves Sovereign Trust Insurance 2016 accounts
Olaotan Soyinka, MD/CEO Sovereign Trust Insurance Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance (STI) PLc has secured approval of the National Insurance Commission (NAICOM) for its 2016 audited financial statements. A statement by Head of Corporate Communications & Brand Management for Sovereign Trust Insurance Plc, Segun […]
SAHAM Unitrust Insurance to host brokers
Leave a comment Chuks Udo Okonta SAHAM Unitrust Insurance Nigeria Limited, in a bid to extend the frontiers of its operation, break new grounds and foster relationship with insurance brokers, will be playing host to Nigerian Council of Registered Insurance Brokers (NCRIB) Members in the month of June edition of […]
Royal Exchange posts N12.5bn gross premium income
Muktari Leave a comment and share Chuks Udo Okonta Royal Exchange Plc, said it generated a Gross Written Premium (GWP) of N12.5 billion in 2016, representin an increase of 16 per cent over the figure of 2015, which stood at N10.8 billion. The Group Managing Director, of the underwriting firm, […]
Property Insurer Expects London Fire Payouts to Exceed 25 Million Pounds
This week’s fire in a 24-storey block of flats in London is expected to cost property insurers more than 25 million pounds ($31.8 million), Norwegian insurer Protector Forsikring told Reuters on Thursday. The company expects the cost to be covered mainly by its reinsurance program. “Reinsurance is handled by Munich […]
UK car insurers saw losses of £3.5bn in 2016 due to new compensation rules
Cut in compensation for serious injuries will see insurance premiums rise, with young drivers the worst hit, says a report By Julia Kollewe Britain’s car insurers suffered combined losses of £3.5bn last year due to controversial new compensation rules for serious injuries, according to a report which predicts further sharp […]
AIG teams with IBM to use blockchain for ‘smart’ insurance policy
By Suzanne Barlyn Insurer American International Group Inc (AIG.N) has partnered with International Business Machines Corp (IBM.N) to develop a “smart” insurance policy that uses blockchain to manage complex international coverage, the companies said on Wednesday. AIG and IBM completed a pilot of a so-called “smart contract” multi-national policy for […]
NAICOM approves 33 firms’ queried Standard Alliance 3 others
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has approved the 2016 financial accounts of 32 insurance firms and one Reinsurance. According to the status of financial statements of insurance companies as at 13, June 2017, made available to Inspenonline by NAICOM, 41 firms have […]
