Global insurance firms are circling Iran for business opportunities following the lifting of sanctions – and the first test of their appetite could come in March when some Iranian companies seek new cover. Insurers, the reinsurers that share their risk and the brokers that forge deals are exploring ways to […]
Insurance
NIA Chairman’s mother is dead
The Chairman Nigerian Insurers Association, Godwin U.S.Wiggle has lost his mother and matriarch of the Wiggle family, Mrs. Victoria Wiggle. She was aged 82. She was a devout christian, community leader and philanthropist. In a condolence message to its Chairman, the Director-General of the Association, Sunday Thomas expressed the deepest […]
Anti corruption war can foster attainment of N1trn premium income – NCRIB boss
Leave a comment Chuks Udo Okonta The President Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren, said the insurance industry can achieve the targeted N1 trillion premium income through sustenance of the anti corruption war which is a good tool to curb all mal-practices that have stemmed insurance growth. […]
Agents write minister, seek inclusion in insurance bill review committee
Mrs Adeosu Leave a comment Chuks Udo Okonta The Association of Registered Insurance Agents of Nigeria (ARIAN) has written a letter to the Minister of Finance Mrs. Kemi Adeosun and the National Insurance Commission (NAICOM) over the exclusion of agents in the proposed committee to review the insurance bill. Its […]
BRIEF-Great Nigeria Insurance reports FY 2015 profit before tax of 466.4 million naira
Great Nigeria Insurance Plc : * FY 2015 profit before tax of 466.4 million naira versus 714.3 million naira a year ago * FY 2015 net premium earned of 1.81 billion naira versus 1.99 billion naira year ago Source: bit.ly/23gUs4W Further company coverage:
High risk South African crops excluded from insurance
South African insurers are cutting cover of some crops planted by farmers due to the high risk posed by the drought. Vegetable crops in northern regions are said to pose too much of a risk for some insurers, while premiums for farmers who can get cover are rising. “As part […]
Prudential, LeapFrog To Invest African Life Insurance Cos.
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 […]
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. […]
