The mystery over the death of a physically handicapped person found lying on the road near Shikaripur six months ago has been resolved. Police had earlier concluded that it was a hit-and-run case but following a tip-off, reopened the case and found the killer to be the victim’s own elder […]
Insurance
Fitch: UK Annuity Resale Plan May Fail, But Won’t Hurt Insurers
(The following statement was released by the rating agency) LONDON, December 16 (Fitch) The UK government’s plan to allow pensioners to sell their annuities will not affect the credit profile of insurers, but the complexity of pricing and managing transactions suggests any secondary market is likely to remain small, Fitch […]
Fitch: UK Non-Life London Market Insurance Continues to Face Pricing Pressures
(The following statement was released by the rating agency) Link to Fitch Ratings’ Report: 2016 Outlook: London Market Insurance here LONDON, December 18 (Fitch) Fitch Ratings says in a new report that London market insurers will continue to face pressure on their underwriting margins due to fierce competition. The London […]
NAICOM stops brokers from renewing licence with form 30
Leave a comment Chuks Udo Okonta The National Insurance Commission (NAICOM) has stopped the usage of form 30 for renewal of brokers’ licence. The commission in a circular issued to brokers which was obtained from its website, said the requirement for filling of form 30 which is for schedule of […]
Niger Insurance appoints new directors
Niger Insurance Plc has notified the Nigerian Stock Exchange that Alhaji Bala Zakariyau (Chairman) and Mr. Frederick Nnamdi Udechukwu (Director) would retire from the board of the company effective 1 January 2016. The board also approved the appointment of Umaru H. Modibbo and Dr. Stephen N. Dike as nonexecutive directors […]
A.M. Best Affirms Ratings of Wapic Insurance Plc
LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the financial strength rating of B- (Fair) and the issuer credit rating of “bb-” of Wapic Insurance Plc (Wapic) (Nigeria), the operating holding company of the Wapic group of companies. The outlook for both ratings is stable. The ratings of Wapic reflect its developing business […]
Underwriter identifies causes of unethical vices in insurance
From left: Immediate Past President, Chartered Insurance Institute of Nigeria(CIIN), Past Mr. Bola Temowo; President, CIIN, Lady Isioma Chukwuma and Deputy President, CIIN, Mrs. Funmi Babington-Ashaye at the event Lagos. Leave a comment Chuks Udo Okonta The Managing Director Consolidated Hallmark Insurance Plc, Eddie Efekoha, has identified greed; lack of […]
WHO backs use of mobile phones to increase health insurance coverage
THE World Health Organisation (WHO) has backed the use of mobile phones to raise funds to enable the National Health Insurance Scheme (NHIS) achieve Universal Health Coverage (UHC). According to a case study by the WHO published as part of activities to mark the International Day for Universal Health Coverage […]
Continental Reinsurance bolsters its pan-African expansion in southern Africa
Continental Reinsurance Plc, a pan-African reinsurance company and the largest private reinsurance player outside of South Africa, is celebrating the success of its strategic growth plans to establish fully licensed subsidiaries across the African continent. Lawrence Nazare, executive director of Continental Reinsurance, explains that the establishment of the subsidiary in […]
African Risk Capacity (ARC) gets $150m in support from COP21 countries
The African Risk Capacity (ARC), Africa’s first sovereign catastrophe insurance pool, is set to receive $150 million in support pledged by countries attending the Paris COP21 climate change talks over the last fortnight. The African Risk Capacity (ARC) has received a significant amount of coverage and support over the last […]
