Insurers’ professional conduct sometimes falls short and distrust of the finance sector is not confined to investment banking, the boss of Britain’s financial watchdog said on Tuesday. “You may think there is a world of difference between you and an investment banker, consumers don’t necessarily draw such fine distinctions…a lack […]
Insurance
Arik launches customised air travel insurance
Arik Air has launched a customised air travel insurance, which the airline said was aimed at taking passengers flying experience to a new level. Thisday reported that the new air travel insurance enables a passenger to enjoy a customised domestic travel insurance on Arik Air with only N1,000.00. All a […]
A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases in total gross written premium (GWP) come following a number of years of muted development and […]
Tax hike may rattle British motor, home insurers
* Tax on motor, home insurance to rise from November * Consumers to face higher bills; home cover sales may slow * Insurers may have to scrimp elsewhere, analysts say By Carolyn Cohn and Noor Zainab Hussain Reuters – A tax hike on British motor and home insurance policies effective […]
50 Insurance, Reinsurance Firms Yet to Submit Annual Returns to NAICOM
By Ebere Nwoji About 50, out of the existing 58 insurance and reinsurance firms are yet to submit their 2015 third quarter Annual Accounts and Returns to the National Insurance Commission (NAICOM). Also, six of the above existing firms are yet to submit their first, second and third quarter 2015 […]
Business Journal Named ‘Best Financial Newspaper in Nigeria’
Business Journal has won international recognition as ‘Best Financial Newspaper in Nigeria’ in the 2015 International Finance Awards by Wealth & Finance International Magazine of the United Kingdom (UK). In the award letter to Business Journal, Jonathan Hicks, the Editor of Wealth & Finance International said: “Business Journal: You Are […]
AIG mulls spinning off mortgage insurance: Report
By Jacob Pramuk | @jacobpramuk American International Group is considering spinning off or selling its mortgage insurance segment amid shareholder pressure to split, The Wall Street Journal reported Thursday, citing sources. The insurance giant’s directors have discussed plans for the business for “a while” but have not made a final […]
NAICOM urges MDAs to set up insurance desks
Leave a comment Chuks Udo Okonta The Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM), Mohammed Kari has advised Ministries, Departments and Agencies of government to set up insurance desks or units in their various offices and ensure compliance with the provisions of extant laws in […]
STI Plc elevates two staff to position of Executive Directors
Foremost underwriting Firm, Sovereign Trust Insurance Plc has announced the elevation of two of its erstwhile General Managers to the position of Executive Directors respectively. The duo who by their recent elevation will automatically become Board Members of the company are Mr. Olaotan Soyinka and Mrs. Ugochi Odemelam. Soyinka before […]
Old Mutual Nigeria rated top employers for Nigeria, Africa
Old Mutual Nigeria has been certified by the Top Employers Institute for its exceptional employee offerings. The Institute awarded Old Mutual Nigeria the Top Employers Nigeria 2016 certification and Top Employers Africa 2016 certification based on the company’s dedication to the development of its people. The annual international research undertaken […]
