Archives for INSURANCE - Page 102
Universal Insurance settles claims worth N1.2bn in five yrs
By Ngozi Onyeakusi---- Universal Insurance Plc said it settled claims to the tune of to its policyholders who suffered losses in five years. The breakdown of the claims settlement according…
Coronation Insurance (formerly Wapic) reassures public of Insurance sector’s readiness to cover recent losses
Yinka Adekoya, MD/CEO Coronation Insurance (Formerly Wapic Insurance) has assured its policyholders of its readiness to assist them cushion the negative effect of resent protest across the country. According the…
CORONATION INSURANCE IS HERE FOR YOU
Yinka Adekoya, MD/CEO Press Release It is with deep sadness that all of us at Coronation Insurance (formerly Wapic Insurance) have observed the recent tragic events unfolding in Nigeria. We…
#EndSARS Protest:: Consolidated Hallmark Insurance Settles Insured VictimsÂ
Efekoha The Consolidated Hallmark Insurance(CHI) Plc is set to settle insurance claims for policyholders whose policies cover Strike, Riot and Civil Commotion(SRCC) extension. The company, who stated this in a…
US insurers under pressure after doubling private placement assets: AM Best
By Charlie Wood ____fter US insurers ramped up their private placement bond holdings to $ trillion at year-end 2019, AM Best expects to see an increase in covenant waivers to avoid…
Covid-19 driving up P/C inland marine underwriting loses: Fitch Ratings
By Charlie Wood ___ Pandemic-related insured losses led to unprecedented volatility in the inland marine property/casualty insurance segment in the first half of 2020 and is expected to extend into…
Sovereign Trust Insurance Announces AGM Postponement
By Ngozi Onyeakusi-- Sovereign Trust Insurance Plc. has announced the postponement of its Annual General Meeting earlier scheduled to hold on Thursday, the 22nd day of October, 2020. A new…
Low interest rates impacting profitability of reinsurers, says Munich Re
By Charlie Wood After years of eroding rates from excess capacities and low major-loss expenditure, Munich Re says low interest rates, exacerbated by the coronavirus pandemic, are impacting the profitability…
Law union & Rock delists from NSE, pays off shareholders
By Ngozi Onyeakusi ___ Law Union & Rock Insurance Plc has concluded plans to begin payment of per share for every 50 kobo ordinary share to shareholders following an approval…
NCRIB Restates Commitment To boosting Insurance Awareness
The Nigerian Council of Registered Insurance Brokers (NCRIB) has restated its commitment to increasing insurance awareness and senstitisation exercise, in a bid to deepen penetration in the country. Speaking during…