Tunde Hassan-Odukale Leave a comment and share Chuks Udo Okonta The Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, has announced the appointment of Tunde Hassan-Odukale, as Chairman, First Bank Nigeria (FBN) Plc. Emefiele said this today Thursday. Tunde has been a member of board of First Bank of […]
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Brokers implore FG to declare state of emergency on security
From left: Deputy Executive Secretary, Nigerian Council of Registered Insurance Brokers, Tope Adaramola; NCRIB Board Member, Alhaja Rashidat Shittu; Executive Secretary, Fatai Adegbenro; President, Dr. (Mrs.) Bola Onigbogi; Vice President, Tunde Oguntade; and Board Member, Biodun Durodola at the NCRIB Press Conference held at Insurance Brokers House in Lagos. Leave […]
Insurers adopt different safety measures for recapitalisation funds
Leave a comment and share Chuks Udo Okonta Owing to the suspension of the insurance industry recapitalisation, insurance companies have adopted different safety measures for the funds raised in the exercise. investigations by Inspenonline revealed that while some companies, have fixed their raised fund to enable the funds yield interest, […]
NAICOM seals deal with Federal Fire Service on enforcement of compulsory public building liability insurance
The National Insurance Commission (NAICOM) and the Federal Fire Service have resolved to commence the enforcement of compulsory public building liability insurance in earnest across the country. This was part of the resolution at the end of a meeting between both agencies at NAICOM Headoffice in Abuja today.
Leadway Assurance drums need for protection against cyber attacks
Leave a comment and share Chuks Udo Okonta Corporate entities, institutions, religious organisations and individuals have been urged to provide necessary measures to protect their database and computer networks from attacks by hackers. Speaking recently on “Understanding Cyber Insurance” at a Virtual training workshop organised by Leadway Assurance for Insurance […]
No insurance extension for Lagos buses burnt during #EndSARS – Sanwo-Olu
Leave a comment and share Chuks Udo Chuks Lagos state government cannot file for insurance claims on the mass transit buses burnt during the #EndSARS protests in 2020, because there was no extension on the policy covering the buses, Governor Babajide Sanwo-Olu, has said. He, however, said the government would […]
Consolidated Hallmark Insurance posts N772m profit before tax for FY 2020
Efekoha Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance Plc, in its recently released Financial Result for the period ended December 31, 2020, has reported a Profit-Before-Tax (PBT) of N772 million, which represents a growth of 8.6 per cent from the N711 million recorded in the corresponding […]
Great Nigeria Insurance Plc delights claimants with N501m payout in Q1 2021
Mrs. Osipitan Leave a comment and share Chuks Udo Okonta Great Nigeria Insurance Plc, has continued to affirm its willingness and capacity to honour all genuine claims as and when due, as its quarterly release data revealed a total claims of N501,591,032.61 paid to various insured spread across the country. […]
AIICO refutes claims of non-remittance of pension assets to PTAD
Leave a comment and share Chuks Udo Okonta The Management of AIICO Insurance Plc. said it’s attention has been drawn to a recent report in the media on allegations of non-remittance of pension assets to the Pension Transitional Arrangement Directorate (PTAD). A statement by the Head, Strategic Marketing & Communications […]
Troubled firms compound Insurers woes at vehicle licencing offices
Leave a comment and share Chuks Udo Okonta Most troubled insurance firms have found succour at vehicle licencing offices due to inability of reputable underwriters to establish their presence at such locations. The presence of these troubled insurance firms at the licencing offices where most Nigerians get their motor policies, […]
