By ZAKA KHALIQ Despite low insurance adoption in the country, the 58 underwriting companies in insurance sector have generated a whopping N2.1 trillion as gross premium income from underwriting risks in the last seven years, LEADERSHIP checks have revealed. The premium income of the industry had steadily grown over time, […]
Spotlight
‘Why 65% of Nigeria’s reinsurance business are ceded abroad’
Leave a comment and share Chuks Udo Okonta The predominance of foreign reinsurers, mostly European, that are presently taking about 65 per cent share of the Nigerian reinsurance market has been attributed to low underwriting capacity and shareholders’ funds of local reinsurers which are not sufficient to carter for the […]
“The LIJADU That I Know…”
The Ombudsman Journal of Insurance Law A publication of Adegboyega Adepegba & Co. Legal Practitioners, Nominees, Arbitrators, Trainers and Publishers “The LIJADU That I Know…..” Nta Lijadu, Funke Agbor, Irukwu, Okwor, Awogboro, Omilani, Osoka, Fola Daniel, Bailey, Zakariyau, Adeyemi, Mateola, Ajaja, Adewale, Soares, Adejumo, Ladipo-Ajayi, Adeda, Chukwuma, Oyefeso and many […]
Insurance industry is a major recipient of recession – NCRIB boss
From left: Assistant Executive Secretary of the Nigerian Council of Registered Insurance Brokers (NCRIB), Tope Adaramola; President, Kayode Okunoren and Executive Secretary, Fatai Adegbenro at the event. Leave a comment and share Chuks Udo Okonta The insurance industry is one of the greatest recipients of the recessive economy, the President, […]
Africa Re enjoys about 20% of Nigeria’s reinsurance market share
Mr. Corneille KAREKEZI, GMD/CEO of Africa Re (in the middle), contributing to the discussions Une attitude de M. Corneille KAREKEZI, DG d’Africa Re, pendant les débats Leave a comment and share Chuks Udo Okonta African Reinsurance Corporation says it enjoys about 20 per cent of Nigeria’s reinsurance market share, while […]
FOCUS ON THE PRESENCE AND IMPACT OF AFRICA RE IN NIGERIA
Press Release In the past 41 years, the African Reinsurance Corporation has been carrying on the business of reinsurance in the African continent. This journey of dedicated service to the insurance industry has contributed in no small manner to the economic development of our dear continent. The main purpose for […]
AIICO Insurance nets N10 billion profit
GMD, AIICO Insurance, Edwin Igibiti Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc, a financial services company with interest in insurance, pension, health and asset management has recorded N10.24 billion Profit After Tax (PAT) for the financial year ended 31 December 2016. This is a 756 per […]
Insurer Lloyd’s of London confirms new Brussels subsidiary
Lloyd’s of London says it will establish a new European subsidiary in Brussels to avoid losing business when the UK leaves the EU. The 329-year-old insurance market confirmed the plan as it released its latest annual results. “A subsidiary office will be opened in Brussels with the intention that it […]
NAICOM, others to sanction defaulters of public buildings insurance
By Clement Nwoji The National Insurance Commission (NAICOM), Nigeria Insurers Association (NIA), and Federal Fire Services (FFS), on Tuesday, agreed to embark on the enforcement of insurance of public buildings nationwide, and to sanction the owners of any such classified buildings without proof of insurance coverage. They resolved that henceforth, […]
Photos:Faces at FBNInsurance events
From left: Festus Izevbizua, Chief Financial Officer, FBNInsurance, Johan Schalkwyk, Chief Operating Officer, FBNInsurance, AVM Femi Gbadebo (Rtd.) OFR, Val Ojumah, Managing Director, FBNInsurance and Emeka Dibia, Chief Human Resources Officer, FBNInsurance during a sensitization visit of Benola Cerebral Palsy team to the company’s head office in Lagos, recently. From […]
