By Benjamin Horney Prudential Financial Inc. and Port Louis, Mauritius-headquartered private investment company LeapFrog Investments are teaming up to launch a $350 million investment vehicle that will plug capital into life insurance companies across Africa over the next three to five years, the companies said Thursday. The agreement sees Prudential […]
Insurance
Bankruptcy law for Puerto Rico counterproductive: insurers association
Puerto Rico’s Governor Alejandro Garcia Padilla addresses the media after a meeting with U.S. Treasury Secretary Jack Lew (not pictured) in San Juan, Puerto Rico, January 20, 2016. REUTERS/ALVIN BAEZ The Association of Financial Guaranty Insurers (AFGI) said on Friday that granting bankruptcy protections to the government of Puerto Rico, […]
Brokers seek framework for anti corruption war
From left: Assistant Executive Secretary of the Nigerian Council of Registered Insurance Brokers (NCRIB), Tope Adaramola; Executive Secretary, Fatai Adegbenro; NCRIB President, Kayode Okunoren and NCRIB Honorary Treasurer, Mrs Funke Adenusi at the first press conference of the Council held at the Council’s Secretariat, Yaba, Lagos. Leave a comment Chuks […]
Miss Insurance competition holds February 5
Director-General CIIN, Kola Ahmed Leave a comment Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) has unveiled the programme of event for the 2016 Miss Insurance competition. According to the Institute, the event will hold on Friday, February 5, at the Grandeur Events Centre, Billing Way, Ikeja, Lagos. […]
87 delisted broking firms not registered with NCRIB
From left: The Executive Secretary of the Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro; NCRIB President, Kayode Okunoren and NCRIB Honorary Treasurer, Mrs Funke Adenusi at the first press conference of the Council held at the Council’s Secretariat, Yaba, Lagos. Leave a comment Chuks Udo Okonta Eighty seven […]
Great Nigeria Insurance partners Interswitch on payment
Great Nigeria Insurance Plc, a composite underwriting firm in the country has introduced PayDirect and Quickteller payment solutions to make it easier for its existing and potential customers to pay for their respective insurance and financial services at any Bank branch nation-wide. During a press parley at the firm’s head […]
FG appoints Binji acting MD of NAIC
The Minister of Agriculture and Rural Development has confirmed the appointment of Bashir Haliru Binji as the Acting Managing Director/CEO of the Nigerian Agricultural Insurance Corporation. The appointment is with effect from January 2, 2016. Binji’s appointment is sequel to the resignation of Bode Opadokun as the Managing Director of […]
South Africa’s African Bank appoints Guardrisk Life to underwrite insurance
Bailed-out South African lender African Bank Ltd (Abil) appointed Guardrisk Life on Monday to underwrite its new insurance products after its agreement with Standard General Insurance lapsed. Guardrisk, which is controlled by South African financial services group Alexander Forbes, started underwriting for African Bank with effect from Sunday. According to […]
Fraudulent insurance claims rising
JOHANNESBURG – Fraudulent insurance claims are on the increase and insurance companies and banks want to put a stop to it. In 2014, 7,360 fraudulent insurance claims of over R400-million were blocked – a significant increase from 2,093 cases the previous year. And irregular claims for deaths tripled between 2013 […]
89 new jobs at Caerphilly insurance firm Moorhouse Group
A Caerphilly-based insurance broker is to create 89 new jobs in an expansion that will see its workforce doubled. Moorhouse Group, trading as Constructaquote.com, is an online insurance quote comparison service and broker network business. The new jobs will help develop an underwriting service and expand its van and commercial […]
