Archives for INSURANCE - Page 104
Allianz to acquire five East African P&C insurers in $100mn deal
By Charlie Wood    _____Global insurer Allianz has announced a partnership that will see it acquire controlling stakes in five East African general insurance companies, all of which belong…
ROYAL EXCHANGE POSTS N14.21BN GWP IN 2019
By Ngozi Onyeakusi-- Royal Exchange Plc, Nigeria’s premier insurance and financial services group,has announced its results for the 2019 financial year. The company generated a Gross Written…
AIICO Reinstates Commitment To Deepen Insurance Penetration Â
AIICO Insurance Plc has promised to continue to pursue its commitment to deepen insurance penetration, education and awareness in the country. Making the pledge during a breakfast meeting with…
50% Of Insurance Businesses Now Done Digitally —Anchor Insurance Boss
Following the effects of coronavirus pandemic on business landscape and the economy, 50 per cent of insurance businesses are done through digital platforms. The managing director/CEO, Anchor Insurance Company…
India moves to set up $10.2bn pandemic risk pool
India’s re/nsurance sector regulator, the Insurance Regulatory and Development Authority (IRDAI), has suggested setting up a pandemic risk pool with a Rs 75,000 crore (USD billion) backstop guarantee…
Severe weather cost re/insurers $5bn in August: Jefferies
By :Â Katie Baker _____Financial services company Jefferies has released a catastrophe loss model update, which estimates that severe weather cost insurers $5 billion in the month of August…
AM Best forecasts downturn in Caribbean insurance growth
By Matt Sheehan _____AM Best has forecast that Caribbean property and casualty (P&C) insurers could see a reversal of their recent positive growth trends due to the socioeconomic…
Sovereign Trust Insurance Posts N10.8bn GPW, holds AGM October 22, 2020
Sovereign Trust Insurance Plc, having been granted approvals for its 2019 annual reports and accounts by the National Insurance Commission (NAICOM) and the Nigerian Stock Exchange (NSE) respectively, has…
PRESENTATION BY THE COMMISSIONER FOR INSURANCE, MR. O.S THOMAS DURING NAICOM VISIT TO EKITI STATE GOVERNMENT
PRESENTATION BY THE COMMISSIONER FOR INSURANCE, MR. THOMAS ON ‘THE STATE AND ENFORCEMENT OF COMPULSORY INSURANCES’ AT THE OFFICIAL VISIT TO HIS EXCELLENCY, THE EXECUTIVE GOVERNOR OF…