Michael Bow Billions spent by the insurance industry to comply with new EU-wide capital rules have been a waste of money, the chief executive of Legal & General has said. Nigel Wilson said most of the sums spent complying with the Solvency II regime would have been better spent on […]
Spotlight
Insurer AXA’s CEO Castries to leave group on Sept. 1
Insurer AXA’s Chairman and Chief Executive Henri de Castries will step down on Sept. 1 after nearly 17 years as CEO to bring in a new management team to implement the French company’s new strategic plan, he said on Monday. AXA Germany head Thomas Buberl, 42, will become deputy CEO […]
Tap micro-insurance to deepen financial inclusion – Minister tells brokers
Deputy Finance Minister, Helen Mona Quartey Deputy Finance Minister, Helen Mona Quartey, has tasked insurance brokers and other insurance stakeholders to pay more attention to emerging insurance portfolios—specifically micro-insurance—as a means of deepening market penetration and financial inclusion. Speaking at the third annual educational conference and exhibition of the Ghana […]
Would insured cops make better cops?
Michelle Thomas Reedus In the weeks since a video was released showing a white Chicago cop shooting black teen Laquan McDonald 16 times, the city has understandably been in chaos. Chicago activists, and civic and religious leaders protested the delayed release of the dashcam footage. Others have been outraged over […]
NAICOM eyes June for takeoff of policy identification number
From left: The Director Research Strategy and Information Technology, Adamu Balanti; Ogun State Commissioner of Commerce and Industry, Otunba Bimbola Ashiru and Commissioner for Insurance, Mohammed Kari at the event. Leave a comment and share Chuks Udo Okonta If things worked as planned, the National Insurance Commission (NAICOM) would before […]
Sovereign Trust Insurance unveils Soyinka as MD/CEO
Soyinka Leave a comment and share Chuks Udo Okonta The Management of Sovereign Trust Insurance (STI) Plc has announced the elevation of its erstwhile Executive Director and Divisional Head,Technical, Olaotan Soyinka, to the position of Managing Director/Chief Executive Officer following the retirement of the hitherto Managing Director/CEO, Wale Onaolapo in […]
NAICOM takes campaign on compulsory insurances to states
From left: Commissioner for Insurance, Mohammed Kari and Ogun State Commissioner of Commerce and Industry, Otunba Bimbola Ashiru at the event. Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) said it is currently persuading state governments across the nation on the need for compliance with […]
UK pension pressure a danger to UAE expats’ safe retirement
Tim Hughes, a Briton in Dubai who has no intention to repatriate, transferred his pension into a Sipp, where he now controls what happens with it himself. Satish Kumar / The National Harvey Jones When you begin a new career in a new country, you often leave something valuable behind. […]
More U.S. police officers buying insurance in case of lawsuits, union says
Police officers stand guard outside a rally in Pittsburgh, Pennsylvania September 23, 2009. The G20 Pittsburgh Summit will be held September 24 and 25. REUTERS/Eric Thayer BY JULIA EDWARDS Law enforcement officers in the United States are increasingly buying professional liability insurance policies amid worries they may be sued for […]
M&F eyeing Old Mutual customers
Raimund Snyders, the chief executive of Mutual and Federal, says that the insurer can increase its market share from the current 11 percent by taking advantage of its relationship with Old Mutual and Nedbank. Picture: Simphiwe Mbokazi By: Siseko Njobeni Johannesburg – Mutual & Federal (M&F) wanted to tap into […]
