Soyinka Leave a comment and share Chuks Udo Okonta The Nigerian Stock Exchange, (NSE) has unequivocally lifted the recent suspension it placed on trading of Sovereign Trust Insurance Plc shares. In a release issued by the Exchange on July 11, 2017 and signed by the Acting Head, Listings Regulation Department, […]
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27 insurance companies have less than 1% market share – Report
Leave a comment and share Chuks Udo Okonta Twenty seven out of the 56 insurance companies presently engaged in underwriting business are relatively known by the public as they have less than one per cent of the industry’s market. According to the 2015 Nigeria Insurance Digest, published by the Nigerian […]
Theresa May to spend aid money on insurance against disasters in Africa
PM tells G20 that plan is to spend £30m over four years on private insurance policies to reduce need for humanitarian aid People fetch water at a refugee camp in Somalia at Doolow, a border town with Ethiopia. Humanitarian agencies estimate that 6.2 million drought-affected Somalis are in need of […]
IGI names new management as Bayo Folayan emerges acting Managing Director
Leave a comment and share Chuks Udo Okonta Industrial And General Insurance Plc (IGI) has announced the appointment of a new management, to be led by Bayo Folayan, who was named the acting Managing Director. A statement by the Head, Corporate Communications, of the firm, Steve Ilo, said the appointments […]
NIA intensifies moves to launch portal for sales of third party motor policies
NIA Chairman, Eddie Efekoha Leave a comment and share Chuks Udo Okonta Insurance industry’s unified platform for the sales of third party motor insurance code- named: Nigerian Insurance Industry Portal (NIIP), which ought to be launched by July 1, 2017 has been moved to an unspecified date, Inspen can report. […]
Sovereign Trust Insurance grosses N4.1bn in Q1 2017
Olaotan Soyinka, Managing Director/Chief Executive Officer, STI Plc Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc said its total gross premium written grew from N2.3 billion in the first quarter of 2016 to N4.1 billion in 2017 representing a 78 per cent growth rate and the […]
Inspenonline unveils nominees for 2016 Insurance, Pension awards
Chuks Inspenonline, Nigeria’s premier Insurance and Pension online news channel, has unveiled the nominees for 2016 Nigerian Insurance and pension awards. A statement by the Publisher/Editor-in-Chief, Chuks Udo Okonta, said 21 firms drawn from the insurance and pension sectors have been selected for various categories and will be voted for […]
NAICOM approves 39 insurance firms’ 2016 accounts
Leave a comment and share Chuks Udo Okonta National Insurance Commission (NAICOM) has approved 39 insurance companies 2016 accounts out of 48 that have so far submitted their results. According to NAICOM, as at July 3, 2017, the accounts of 39 firms have been approved, those of two firms were […]
Anchor Insurance gets NAICOM’s nod for 2016 accounts
From left: Mrs. Comfort Ewang, Director, Anchor Insurance; Mayowa Adeduro, Managing Director, Anchor Insurance Company Limited; Dr. Elijah Akpan, Chairman, Board of Directors, Anchor Insurance, Chief Dr. Mrs. Nike Akande, CON, Chairperson of the occasion and President, Lagos Chamber of Commerce and Industry; Ukpong Ekwere Ukpong, Director, Anchor Insurance and […]
Anchor Insurance settles Bedmate Furniture Nigeria Company’s N21m claims
From left: Benard Duru, Group Head, Brokers’ Unit, Anchor Insurance; Mayowa Adeduro, MD/CE, Anchor Insurance; Dotun Olabanjo-Ojo, Insurance Manager, RSM Insurance Brokers Limited and Broker to Bedmate Furniture Nig.Co. Ltd,; and Nsimah Jeremiah, ED, Technical, Anchor Insurance at the cheque presentation. Leave a comment and share Chuks Udo Okonta Anchor […]
