Spotlight
Insurance was Instituted by God in the Time of Noah – Bankole
Bankole Kemi Busari A biblical dimension was today introduced in support of insurance as Olusegun Bankole the Assistant General Manager, Corporate Communications & Brand Management of Sovereign Trust Insurance PLC argued that the art of safeguarding properties against risk was perfected by God during the time of Noah. Bankole, a […]
GNI denies insuring collapsed Lekki building
Great Nigeria Insurance (GNI) yesterday denied insuring the collapsed five-storey building in Lekki, Lagos in which 35 people perished. This is contrary to the claim of the owner, MessrsLekki Worldwide Estate Limited, promoters of Lekki Gardens. Its Manager, Mr Steve Agbiboa on Sunday told The Nation that the building was […]
RIMSON canvasses engagement of risk managers
From left: Deputy President, Risk Managers Society of Nigeria (RIMSON), Raymond Akalonu; President, Jacob Adeosun; Director-General Lagos Chamber of Commerce and Industry (LCCI) Muda Yusuf; Former President RIMSON, Mrs Effiom Ekaha and Director, Research & Advocacy LCCI, Vincent Nwani at a courtesy visit to LCCI in Lagos. Leave a comment […]
Sanlam seeks regulators’ nod to acquire 23% stake in Shriram life & general insurance firms
South Africa’s leading financial group Sanlam is picking a direct stake in the Shriram Group’s life and non-life insurance firms. Currently, Sanlam holds 26 per cent stake in the Rs 90,000 crore Shriram Capital Ltd (SCL), the holding company of Shriram Life Insurance and Shriram General insurance and other financial […]
Kenya Insurance Plans Seek to Shield Farmers From Flood, Drought
Kenya’s government is introducing agricultural insurance programs that seek to help farmers deal with shocks caused by droughts and floods, the World Bank said. Farmers of corn and wheat will be protected by a system that divides crop areas into units, with those insured receiving a payout if average production […]
Old Mutual hires executive to manage split
Old Mutual Plc, which said last week it would split into its four main businesses and may list its emerging market and wealth management arms, appointed Rob Leith as director of managed separation. The Anglo-South African financial services company said Leith would be responsible for the “coordinated execution of the […]
East African Insurance Firms To Report The Worst Performance In Five Years
Insurance firms in East Africa are set to report their worst financial returns in five years as weakened currencies, low market penetration and depressed equity markets take a toll on their performances. According to Kenya’s Listed Insurance Companies Analysis for 2015 by Cytonn Investment, insurance firms will register a 48 […]
Insurance cover for organ transplants to go up
The government is working towards widening the scope of insurance under the Rajiv Gandhi Jeevandayi Arogya Yojna (RGJAY) and may bring all organ transplants under its ambit. It is also considering revision of the insurance amount, said union surface transport minister Nitin Gadkari here on Saturday. He was speaking at […]
NIA commiserates with families of Lekki building mishap
• Drums need for insurance Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) commiserates with the families of those who lost their lives in the collapse five-storey building in Lekki, which claimed about 34 lives including artesans, labourers, hawkers, women and children while the number […]
