Journalists from Africa specialising in re/insurance reporting will be honoured tomorrow during the first Pan-African Reinsurance Journalism Awards. Seychelles will host the awards and the ceremony will take place tomorrow at Eden Bleu Hotel, starting at 6.30pm. Launched by Continental Reinsurance Plc, the awards seek to develop re/insurance reporting in […]
Insurance
Yayale Ahmed now IGI’s Chairman
• Gowon, Alile, Olowude retire Leave a comment and share Chuks udo Okonta Former Secretary to the Government of the Federation, AlhajiYayale Ahmed, has emerged the new Chairman of Industrial and General Insurance (IGI) Plc. He replaces Gen. Dr. Yakubu Gowon, former Head of State, who has retired from the […]
IndiaFirst Life Insurance eyeing 30% growth in retail biz and other top insurance news
IndiaFirst Life Insurance is looking at 30% growth in retail premium collection in the current financial year. In 2015-16, the company’s overall premium collection stood at Rs. 1,967 crore. (FC) Insurance regulator IRDAI has imposed Rs. 15 lakh fine on DHFL Pramerica Life Insurance Company for violation of guidelines on […]
Governance, Risk and Compliance in The Nigerian Insurance Industry 2016 – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Governance, Risk and Compliance – The Nigerian Insurance Industry” report to their offering. “Governance, Risk and Compliance – The Nigerian Insurance Industry” Tweet this The ‘Governance, Risk and Compliance – The Nigerian Insurance Industry’ report is the result of extensive […]
NAICOM ‘not broke’
The National Insurance Commission (NAICOM) is not broke, the Commissioner for Insurance, Mohammed Kari, has said. He spoke in Abeokuta, the Ogun State capital, while reacting to insinuations by some operators and shareholders that the Commission has resorted to penalising them with huge fines to raise funds. The operators believe […]
Fitch: Risks Emerge from Chinese Insurers’ Offshore Investments
(The following statement was released by the rating agency) HONG KONG/SINGAPORE, April 17 (Fitch) Rapid growth in overseas investment by Chinese insurers could lead to rising risks in a number of areas, including asset-liability duration and currency mismatches, asset concentration risks and execution risks from M&A, says Fitch Ratings. Chinese […]
High piracy attacks push up marine insurance rate
Comfort Oseghale Due to increased piracy attacks in the Niger Delta region of Nigeria, Protection and Indemnity insurers, a maritime insurance association, has raised the rate of war-risk insurance for Nigeria. SUNDAY PUNCH recently reported Nigeria’s classification among high-risk countries in doing international maritime business by the Philippine Overseas Employment […]
Nigeria to host 2016 WAICA AGM, Confab
NIA’s DG, Sunday Thomas The Nigerian Insurance market will host the 38th Annual General Meeting (AGM) and Education Conference of the West African Insurance Companies Association (WAICA), the three day event is billed for April 24 – 26, 2016 at Eko Hotels & Suites, Victoria Island, Lagos. A statement by […]
Stock market is a rocky foundation for pension funds
Since the beginning of the year I’ve cashed out of two small occupational pension schemes I accumulated earlier in my long career writing about money. Partly this was because of new UK legislation that allowed me to “retire” at 55, and also because I looked at the potential payouts and […]
Brexit bad for UK’s insurance business, say two-thirds of traders at Lloyd’s
68.7% of brokers and insurers believe leaving the EU would “hurt” Lloyd’s of London, a survey shows More than two-thirds of traders at Lloyd’s of London say Brexit would be bad for the UK’s £60 billion-a-year insurance business, according to a report. The survey, commissioned by City PR firm Haggie […]
