From left: Former President, National Association of Insurance and Pension Correspondents, Kelvil Egerue, presenting NAIPCO Corporate Communications Managers of the year 2020 award (regulator) to Senior Manager, South West Zonal Office, National Pension Commission, Lanre Ogedegbe, who represented the winner, Head, Corporate Communications, PenCom, Peter Aghahowa and Senior Manager, South […]
Spotlight
AIICO gets shareholders’ approval to increase authorized share capital to N20bn
From left: Ademola Adebise (Non-Executive Director); Babatunde Fajemirokun (MD/CEO); Donald Kanu (Company Secretary) and Adewale Kadri (Executive Director, Technical & Head, Corporate Business) St the event. Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc today at its 50th Annual General Meeting (AGM) received Shareholders’ approval to increase […]
AM Best Maintains Global Reinsurance Market Outlook at Stable
Leave a comment and share AM Best has maintained its market segment outlook on the global reinsurance industry at stable for 2021, citing factors that include positive pricing momentum, combined with tighter terms and conditions, offset somewhat by uncertainty with regard to claims reserve development associated with previous years’ property […]
Coronation Insurance seals bancasurance deal with Access Bank
Managing Director, Coronation Insurance Plc, Mrs. Yinka Adekoya Leave a comment and share Chuks Udo Okonta Coronation Insurance Plc., formerly Wapic Insurance, has sealed a bancasurance deal with Access Bank Plc, a process that would enable the underwriting firm sell its policies through the bank’s branches. The Chairman, Coronation Insurance […]
Mutual Benefits Assurance gets shareholders’ nod to shop N4.8bn via private placement
Leave a comment and share Chuks Udo Okonta Mutual Benefits Assurance Plc sailing on shareholders’ endorsement is set to advanced its recapitalisation efforts in compliance with the regulatory requirement set for underwriting companies in the industry. The underwriter is embarking on a private placement to raise additional N4.8 billion, from […]
CIIN invites entries for April 2021 professional examination
President CIIN, Sir. Muftau Oyegunle • Releases results for October exams Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN), has invited entries online at www.ciinigeria.com for interested persons within and outside insurance industry for April 2021 professional examination of the institute. According to […]
Leadway implores farmers to seek counsel before embracing crowdfunding transactions
Ms. Adetola Adegbayi Leave a comment and share Chuks Udo Okonta Leadway Assurance Limited has implored investors into agrictect to seek professional counsel before parting with their money. According the company, though the business of insurance companies is to absorb risks, it only covers pure risks in agrictech crowdfunding and […]
Consolidated Hallmark empowers Journalists with N24m Group Personal Accident Cover
Efekoha Leave a comment and share Chuks Udo Okonta Consolidated Hallmark Insurance (CHI) Plc has renewed the Group Personal Accident Insurance cover worth N24 million Sum Assured for insurance journalists in the country. This, according to the company, is part of its Corporate Social Responsibility (CSR) project, to ensure that […]
Licensed microinsurers not sufficient to cover fraction of low income earners – NAICOM
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said its decision to grant permission to conventional insurance companies to operate microinsurance window operations, was because licensed microinsurers are not sufficient to cover even a fraction of the low income earners in nigeria The spokesperson […]
African Alliance pays N1.3bn claims in two months, supports NAIPCO’s developmental initiatives
Managing Director/Chief Executive Officer of African Alliance, Mrs. Joyce Ojemudia (5th right) executives of the firm, with Executives of National Association of Insurance and Pension Correspondents at the event. African Alliance Insurance Plc has said, the only way to make insurance tangible is for underwriting firms to pay genuine claims […]
