ALB African insurers buying reinsurance from the London insurance market will have to take into account the Insurance Act 2015, new legislation which comes into effect in August 2016. Garbhan Shanks, a partner with UK law firm Michelmores, investigates the changes. The new Insurance Act 2015 will come into […]
Spotlight
Underwriters intensify efforts to settle outstanding claims
Kari Chuks Udo Okonta Just 11 days to the deadline given to insurance operators by the National Insurance Commission (NAICOM) to settle all outstanding claims, many of them are jostling to comply with the directives, Inspen can report. Investigations revealed that many of the underwriting firms which used to drag […]
UK insurance sector shakeup puts spotlight on Association of British Insurers
By Caitlin Morrison Britain’s insurance market has undergone massive changes over the past year, and a series of megadeals recently taking place in the sector is just one sign of how companies are scrambling to protect themselves against new policies impacting the industry. Chancellor George Osborne famously shook up […]
Faces at the 2015 insurance professionals’ forum
Former Presidents of the Chartered Insurance Institute of Nigeria been honoured at the event in Abeokuta, Ogun State.
The Risks of Buying Cheap Insurance
US News By Geoff Williams You’ve seen the ads. Some insurers promise coverage for extremely low insurance rates, making a big fuss over the great price but saying little about what you’ll get for that price. There’s nothing wrong with wanting a deal, but it’s important to remember that if […]
Sovereign Trust Insurance grows profit by 14% in H1
Onaolapo Chuks Udo Okonta Sovereign Trust Insurance Plc has said its pretax profit for the period ended June 30, 2015 grew by 14 per cent from N615.85 million achieved in same period of 2014 to N702.35 million in 2015. The company disclosed this in a report presented to the […]
ADDRESS BY LADY ISIOMA CHUKWUMA, PRESIDENT/CHAIRMAN OF COUNCIL, CHARTERED INSURANCE INSTITUTE OF NIGERIA (CIIN) DURING THE OFFICIAL OPENING OF THE 2015 INSURANCE PROFESSIONALS’ FORUM ON THURSDAY 17TH SEPTEMBER, 2015 AT PARK INN, ABEOKUTA, OGUN STATE.
Lady Chukwuma PROTOCOLS It is indeed a great delight and a unique opportunity to once again be in the Rock City, Abeokuta for this year’s Professionals’ Forum. It is always very heart-warming to be in the midst of professional colleagues in a gathering which is renowned for its significance as […]
NAICOM to consider breach of code of conduct criminal act
Commissioner for Insurance Muhammed Kari and President Chartered Insurance Institute of Nigeria, Lady Isioma Chukwuma at the event. Chuks Udo Okonta The Commissioner for Insurance, Mohammed Kari, today said the National Insurance Commission (NAICOM) has been empowered by its law to treat breach of code of conduct as a […]
Photos: Faces at the 2015 Insurance Professionals’ forum in Abeokuta
Commissioner for Insurance Muhammed Kari and President Chartered Insurance Institute of Nigeria. From left: Director-General Nigerian Insurers Association, Sunday Thomas; Former President CIIN, Bola Temowo and Managing Director Consolidated Hallmark Insurance Plc, Eddie Efekoha at the event.
UK insurer Hastings eyes London listing with $278 mln share sale
Reuters UK insurer Hastings announced its intention to float on the London Stock Exchange on Tuesday, with a 180 million pound ($277.78 million) share sale aimed at accelerating its growth. The offer to institutional shareholders is expected to result in admission to London’s premier stock market in October, the company […]
