Opadokun Leave a comment and share Chuks Udo Okonta FBN General Insurance said it recorded a gross premium of N3.51 billion in 2017. According to the firm, the account which has been approved by the National Insurance Commission (NAICOM) revealed a 60 per cent growth in premium, moving from N2.2 […]
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Universal Insurance appoints Paulinus Offorzor as ED-Technical Operations
Offorzor Leave a comment and share Chuks Udo Okonta Universal Insurance Plc has announced the appointment of Paulinus Offorzor as its Executive Director, Technical Operations following the confirmation by the National Insurance Commission (NAICOM). The appointment came on the backdrop of NAICOM’s directive that insurers should have an executive director […]
Life insurers retain negative reserves in three years
K Leave a comment and share Chuks Udo Okonta Life Insurance companies have retained negative reserves in three years running, Inspenonline can report. According to a report obtained from the Nigerian Insurers Association (NIA) the firms posted negative reserves between 2014 to 2016. The NIA revealed that the firms posted […]
NAICOM donates N40m to insurance rebranding project
Commissioner for Insurance, Mohammed Kari Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) today contributed additional N20 million to the insurance industry rebranding project, which brings its contributions to N40 million. The insurance industry regulator had in February this year, contributed N20 million out of […]
UK car insurance premiums see biggest quarterly fall in four years-survey
The cost of a comprehensive motor insurance policy fell 7 percent in Britain in the first quarter, the largest quarterly reduction in premiums seen in four years, a survey said on Monday. The average premium for a comprehensive policy is now 768 pounds ($1,096.40), according to the latest index from […]
NSE fines African Alliance N46.1m for infractions
.Says firm is delinquent .Records N-21bn negative reserve Managing Director, African Alliance Insurance, Funmilayo Omo Leave a comment and share Chuks Udo Okonta The Nigerian Stock Exchange (NSE) has fined African Alliance Insurance Plc N46. 1 million monetary fines for breaking its rule on account submission. This was shown in […]
NIA past Director General Chiejina is dead
Late Chiejina Leave a comment and share Chuks Udo Okonta The former Director-General of the Nigerian Insurers Association (NIA) and lawyer, Ezekiel Chiejina, is dead. He died yesterday after a prolonged sickness. Chiejina, who launched a book last year, worked with Industrial And General Insurance Company Limited as Head of […]
FBNInsurance records N19.6bn gross premium written
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance, has released its financial report for the year ended 2017 as approved by the National Insurance Commission (NAICOM). The company’s Profit Before Tax (PBT) grew by 37 per cent from N3.11 billion in 2016 to N4.26 billion in 2017; while […]
AIICO Insurance posts N32.1bn gross premium in 2017
From left: Executive Director Technical, AIICO Insurance Plc, Kadri Adewale; Executive Director Operations, Babatunde Fajemirokun and General Manager Retail Life, Sola Ajayi at the event. .Declares 5k dividend Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc, has announced its financial results for the year ended December 31, […]
Adenike Popoola wins Pan African Re/Insurance Award
Winners of the 2018 Pan African Re/Insurance Journalism Awards (L-R) Otiato Guguyu, Odimegwu Onwumere, Dr. Femi Oyetunji (Group Managing Director, Continental Reinsurance), Adenike Popoola and Gareth Stokes. Leave a comment and share Chuks Udo Okonta Adenike Popoola, Chief Correspondent of Nigerian’s The Punch newspaper has emerged the winner for Best […]
