Archives for September, 2020 - Page 6
Law Union $ Rock Insurance To Rake In N379.7m By 2020 End
By Ngozi Onyeakusi-- Law Union & Rock Insurance Plc., one of the foremost underwriting firms in the country has projected a profit of million for the end of the year,…
Zenith Bank Posts N103.8bn PAT 1n HI’ 2020
By Ngozi Onyeakusi-- Zenith Bank Plc has recorded a profit after tax to the tune of in its audited results for the half-year ended June 30 2020. Subsequently, the bank…
International flight: FG bars Air France, KLM, others, approves 14 airlines
The Federal Government has released the list of nine airlines granted approval to commence international flights in Nigeria. Speaking at a briefing of the Presidential TaskForce on Thursday, the Minister…
China Re’s GWP climbs 21% in H1 2020 as profit dips
China Reinsurance (Group) Corporation has announced a 24% dip in net profit for the first-half of 2020 while gross written premiums (GWP) jumped by almost 21% in the period. Overall,…
PenCom, NAICOM tackle de-marketing by pension, insurance operators, sign MoU
From left: Acting Director-General, National Pension Commission, Mrs. Aisha Dahir-Umar and Commissioner for Insurance, Sunday Thomas at the event. The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM)…
AIICO Insurance Announces Rights Issue Commencement
AIICO Insurance Plc, a leading Insurer in Nigeria, is taking another giant leap forward in its recapitalization journey with the launch of its rights issue, which opens on Wednesday, September…
Heritage Bank to stimulate economic growth with youth empowerment schemes
By Ngozi Onyeakusi As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to…
Emerging market insurers to be hardest hit by COVID-19: Swiss Re
Reinsurance giant Swiss Re has reported that emerging market insurers will be the hardest-hit globally by COVID-19. It is estimated that insurers will be hit with a percentage point impact…
Diong Assumes Duty Today As ARC Group Director General
Director-General, African Risk Capacity, Ibrahima Diong Ibrahima Diong has commenced work, with effect from September 1, 2020, as the Director-General (DG) of the African Risk Capacity (ARC) following his unanimous…