The two companies will make donations to black and minority ethnic groups. Credit: PA Two of the UK’s largest companies have apologised for their historic links to the slave trade. Pub chain Greene King and insurance market Lloyd’s of London have also vowed to devote large sums to projects assisting […]
Spotlight
Positive post-COVID mood in London Insurance Market
By Anoop Khanna Members of the London chapter of Professional Liability Underwriting Society (PLUS) are generally upbeat about the post coronavirus prospects of the London insurance market. About 100 members of PLUS (from London and North America) met online on 18 June 2020, and debated the question “To what extent […]
NEM Insurance posts N19.8bn gross premium in 2019
From left: Group Managing Director/CEO, NEM Insurance Plc, Tope Smart; Chairman Board, Dr. Fidelis Ayebae, and Company Secretary, Mrs. Olajumoke Philip-Akede, during the 50th Annual General Meeting of NEM Insurance Plc held in Lagos on Thursday 18/6/2020. *Pays 15 kobo dividend per 50 kobo ordinary shares Leave a comment and […]
Germany donates $5.9m to protect African countries with climate insurance amid COVID-19 crisis
By Cynthia Ang The German Ministry for Economic Cooperation and Development (BMZ) has provided $5.9m to ensure that the UN World Food Programme (WFP) can continue to protect 1.2m vulnerable African farmers with climate risk insurance, as the COVID-19 pandemic continues to spread into countries already dealing with the impacts […]
Lloyd’s to reopen in September at 45% capacity
By Zuhara Yusoff Lloyd’s has confirmed that it will reopen its underwriting room on 1 September, with strict new rules in place and a new-look environment. However, only 45% of its staff will be allowed to return in an effort to ensure social distancing. Clear screens around the underwriting boxes, […]
Old Mutual partners LASG to drive virtual learning across schools
From left: Managing Director, Old Mutual General Insurance Company Nigeria Limited, Mr. Olalekan Oyinlade; Lagos State Honourable Commissioner for Education, Mrs. Folashade Adefisayo and Managing Director, Old Mutual Nigeria Life Assurance Company Limited, Mr. Olusegun Omosehin during Old Mutual Nigeria’s visit to the Ministry’s Secretariat to announce series of support […]
Lagos State pays N1.16bn accrued pension rights to 368 retirees
Governor Sanwo-Olu Leave a comment and share Chuks Udo Okonta The Lagos State Governor Babajide Sanwo-Olu has approved the release of the sum of N1.16bn for the payment of Accrued Pension Rights to 368 public service retirees. A statement by the Public Affairs Officer, Lagos State Pension Commission (LASPEC), Mrs. […]
AIICO seeks NSE’s nod to list 4.35bn ordinary shares
Managing Director/CEO, AIICO Insurance Babatunde Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance said it is way ahead with its recapitalisation plans, as it has kicked off another phase in its recapitalisation strategy and submitted its application to the Nigerian Stock Exchange (NSE) on 15 June 2020, […]
COVID-19: AIO cancels 47th conference, to hold in 2021
RIFAN congratulates Sunday Thomas on his appointment as CFI, CEO of NAICOM
Leave a comment and share Chuks Udo Okonta The Retail Insured Family Association of Nigeria (RIFAN) a body committed to the deepening of insurance through retail practice, has congratulated Sunday Thomas on his appointment as the Commissioner for Insurance and Chief Executive Officer, National Insurance Commission (NAICOM). A statement by […]
