Edwin Igbiti and family Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc. celebrates Edwin Igbiti, the former Managing Director/Chief Executive Officer as he retires from the company after 27 years of meritorious service. A statement by the firm’s Head, Strategic Marketing & Communications Department, Segun Olalandu, noted […]
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FG moves to capture 36.6m Nigerians with micro financial plans
From left:Mr. Misbahu Yola, Managing Director, FCMB Pensions; Mrs Ronke Adedeji, President, Association of Pension Fund Operators of Nigeria; Mr. Samuel Ogbodu, Managing Director/CEO, SUNU Assurance Nigeria Plc; Mohammad Ahmad, former Director General, National Pension Commission (PenCom); Dr. Pius Apere Managing Director/CEO, Achor Actuarial Services Ltd/guest speaker; Mr. Fatai Adegbenro, […]
NAICOM moves to reduce burden of recapitalisation on insurers
Chairman, Nigerian Insurers Association, Tope Smart at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it is engaging other relevant regulatory bodies and agencies of government for possible palliatives that will reduce the cost of recapitalisation. The Acting Commissioner for Insurance, Sunday […]
NAIPCO National conference to hold Thursday this week
Members of National Association of Insurance and Pension Correspondents with executives of National Insurance Commission at an event. Leave a comment and share The 4th edition of the National Association of Insurance and Pension Correspondents (NAIPCO) National Conference is set to hold in Lagos on Thursday, August 29, 2019. A […]
Liquidity position of some insurers very bad – NAICOM
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) has said the liquidity position of some underwriters is very bad, due to heavy investments on fixed assets. The Director, Policy and Regulation Directorate, NAICOM, Pius Agboola, who stated this at a programme at Ijebu-Ode, Ogun State, […]
NIA Chairman visits NSE, seeks support for recapitalisation of insurance companies
From left: Olumide Bolumole, Div. Head, Listing Business, NSE, Val Ojumah, MD/CEO FBNInsurance Limited; Dr. Fatai Lawal, Managing Director, Sterling Assurance Company Limited; Oscar Onyema, Director-General, Nigerian Stock Exchange; Chairman, Nigerian Insurers Association, Tope Smart; Director-General Mrs. Yetunde Ilori; Chief Executive Officer, Wapic Insurance Plc, Mrs. Yinka Adekoya; Managing Director […]
Over N29.64bn negative reserves to be cleared as insurers seek fresh funds
Leave a comment and share Chuks Udo Okonta Insurance companies seeking recapitalisation have to first wipe away their over N29.64 billion negative reserves before aligning their funds to the new minimum capital requirement, Inspenonline has learnt. The new order, would require affected companies to shop for funds above the new […]
Cornerstone Insurance posts N11.5bn gross premium written in 2018
From left: Group Managing Director, Cornerstone Insurance Plc, Ganiyu Musa; Chairman, Segun Adebanji and Company, Chidinma Onwubere at the event. * Shops N12.5bn authorised share capital Leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc., posted N11.5 billion Gross Premium Written (GPW) in 2018, its Chairman, Segun Adebanji, […]
AIICO Insurance names Babatunde Fajemirokun as Managing Director
Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc (‘the Company’) has announced the appointment of Babatunde Fajemirokun as the Managing Director/Chief Executive Officer with effect from August 14, 2019. A statement by the Company’s Secretary, Donald Kanu, said the appointment has been approved by the National […]
NAICOM moves to bar use of hot money for recapitalisation
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is working hard to see that illicit funds are not used by insurance companies to recapitalise, Inspenonline has learnt. According to sources working in NAICOM, the commission had put in place measures that would spot funds from […]
