Tankers moving through the Gulf of Guinea in West Africa are paying additional insurance premiums compared with relatively safer sea lanes due to escalation of piracy incidents and sea robberies in the region, and there will be serious concerns if these criminal activities become enmeshed with political disputes, a senior […]
Insurance
Leadway Assurance signs MoU with Total Nigeria on insurance distribution
From left: Executive Director, Finance and Systems, Leadway Assurance Ltd- Tunde Hassan-Odukale; General Manager/Head of Retail, Leadway Assurance Ltd- Tinashe Muyambo; Executive Director, General Business, Leadway Assurance Ltd- Ms. Adetola Adegbayi; Territorial Sales Manager (North), Total Nigeria Plc- Muftau Balogun; Retail Marketing Manager, Total Nigeria Plc- Henrietta Isokpan at the […]
FBNInsurance doles out N250,000 to indigent students
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, in line with her Corporate Responsibility and Sustainability policy, has awarded scholarships worth N250,000 to indigent students of Aragba Primary School, Aragba-Orogun, near Abraka, Delta State. Speaking at the cheque presentation ceremony which held at the palace of the […]
NIA to court judiciary over fraudulent claims
Efekoha Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) hopes to share knowledge with Judicial Officers, Magistrates and Judges on the workings of insurance business and to fully equip them towards responding adequately to the rising cases of fraudulent claims, it Chairman, Eddie Efekoha, has […]
Africa Re gears up to boost insurance awareness
Africa Reinsurance Corporation, Africa Re, is set to embark on a Corporate Social Responsibility, CSR, initiative to boost insurance awareness and knowledge in Nigeria. Addressing journalists at the company’s head office in Lagos, Deputy Managing Director/Chief Operating Officer of Africa Re, Mr. Ken Aghoghovbia said that the initiative is tagged, […]
NAICOM woos professionals from other fields
Kari Leave a comment and share Chuks Udo Okonta The National Insurance (Commission) has urged insurance operators to allow professionals from other fields of endeavour on their management boards to enhance performance. Commissioner for Insurance Mohammed Kari, who gave the admonition in Lagos, enjoined insurers to engage the professionals to […]
Great Nigeria Insurance pays over N0.7bn claims in six months
Osipitan Leave an comment and share Chuks Udo Okonta Great Nigeria Insurance Plc, has again shown avowed commitment towards prompt claims settlement, as its released claims record, revealed that over N700 million was paid to claimants between January and June 2016. A statement made available by the Corporate Communications and […]
NAICOM creates window for disqualified directors
Kari Leave a comment and share Chuks Udo Okonta A director disqualified by the nine years rule as stated in the code of corporate governance, may be reappointed to the same board after a cooling period of three years, the Commissioner for Insurance, Mohammed Kari, has said. Kari who disclosed […]
Insurers lose capital base to wrong investments – NAICOM
NIA’s Chairman, Eddie Efekoha Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said some insurance companies have eroded their capital base and miss-matched assets and liability cover to wrong investment decisions. Commissioner for Insurance, Mohammed Kari, disclosed this in Lagos, noted that such firms […]
Workers in 32 states are without group life insurance – PenCom
Efekoha Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said 32 out of the 36 states in the nation are yet to initiate group life insurance for their workers. According to the commission, only Lagos, Osun, Rivers and Niger states had commenced implementation of the […]
