Efekoha Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) is holding its 45th Annual General Meeting (AGM) today, Thursday, June 30, 2016 at the Metropolitan Club, kofo Abayomi Street, Victoria Island Lagos. Time is 11.am. The association’s Deputy Chairman and Managing Director Consolidated Hallmark Insurance […]
Insurance
Brexit vote prompts fears over UK insurers’ capital strength
BY CAROLYN COHN Market falls triggered by Britain’s vote to leave the European Union will hit British insurers’ capital, raising concerns over their ability to pay dividends or hand cash back to investors. New European capital Solvency II rules introduced in January require insurers to account for investment risk, and […]
SMEs urged to sign on to insurance policies
The Chief Executive Officer (CEO) of GN Life insurance, Mr Andrew Fiifi Simpson, has urged Small and Medium Enterprise (SMEs) not to shy away from taking up insurance policies. Instead, he advised them to sign onto such policies to cushion their businesses against eventualities. According to him, many SMEs in […]
Old Mutual to retain ‘strategic minority stake’ in Nedbank
BY ROBERT LAING OLD Mutual will retain “an appropriate strategic minority stake” in Nedbank after distributing “a significant proportion” of the bank’s shares to its shareholders, CEO Bruce Hemphill said at the insurance group’s annual general meeting on Tuesday. The group is in the process of stripping itself down to […]
Sovereign Trust Insurance promotes youth mentorship
Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has extended its Corporate Social Responsibility (CSR) initiative to a Lagos-based Non-Governmental Organisation , Teenage Life on partnership aimed at strengthening youth development in the country. The Coordinator of Teenage Life, Mrs. Jessica John Braimah, commended the commitment […]
Insurance shares hit after Brexit vote
Marion Dakers, Financial services editor Shares in London-listed insurance firms have taken another tumble today as analysts try to judge the damage that Brexit could inflict on their customer base and investment portfolios. Insurance firms, while suffering less than the British banks in the aftermath of the referendum, are exposed […]
China’s biggest online marketplace is selling ‘breakup insurance’ for Taylor Swift’s love life
By Alicia Tan When it comes to Tay-Tay’s love life, one day you’re in and the next you’re out, so you can never be too sure. Cashing in on Taylor Swift’s latest unconfirmed relationship with actor Tom Hiddleston are several Taobao retailers who have started to sell “insurance” to the […]
President Buhari, Fashola, Emefiele to grace insurance mega confab
From left: Assistant Executive Secretary of the Nigerian Council of Registered Insurance Brokers, Tope Adaramola; Managing Director WAPIC Insurance Plc, Mrs Yinka Adekoya and Chief Executive Officer, Axa Mansard Insurance Plc, Mrs Yetunde Ilori at the event. Leave a comment and share Chuks Udo Okonta President Mohammadu Buhari is expected […]
U.K. Insurers Reel as Brexit Threatens $2.6 Trillion of Assets
Aviva, Legal & General Shares tumble in London trading Pension deficit widens to $1.2 trillion as bond yields drop Sarah Jones British insurers have been left reeling after the country’s surprise decision to exit the European Union jeopardized the value of at least $2.6 trillion of their investments. Aviva Plc […]
A.M. Best: Rating Actions Not Anticipated in Near Term Following UK’s Vote to Leave the EU
A.M. Best does not expect to take rating actions in the near term as a direct consequence of the decision by United Kingdom (UK) voters to leave the European Union (EU). In a referendum held on 23 June 2016, 51.9% voted to relinquish EU membership. The implications for the […]
