Archives for INSURANCE - Page 120
Sunu Assurance announces resignations of CFO, Company Secretary
Sunu Assurances Nigeria Plc. has announced the resignation of its Chief Financial Officer, Mr Akeem Adamson and Company Secretary, Head of Legal and Chief Compliance Officer, Mr John Akujieze from…
Sovereign Trust Insurance Targets N1.27b pretax profit for Q4 2021
Soyika, MD, STI By Ngozi Onyeakusi--- overeign Trust Insurance Plc, one of the frontline underwriting firms in Nigeria’s insurance sector has released its profit forecast for the fourth quarter 2021…
Inflation to “sharply increase” hurricane claims costs, warns Swiss Re
By Steve Evans ----- Inflation is driving prices higher and while the insurance and reinsurance industry may have been hoping that claims inflation from litigious claims could be close to…
Cyber industry loss ratio at record-high 67% in 2020: Aon
By Matt Sheehan --- A new report on the US cyber market by re/insurance broker Aon shows that the overall industry loss ratio jumped up by percentage points last year…
Insurance Europe outlines “vital” need to remove key re/insurance access barriers
By Charlie Wood --- Insurance Europe has underlined the importance of removing market access barriers between European re/insurers and the countries Argentina, Brazil, Canada, India and Indonesia. The governing body…
Recapitalisation: Insurance industry assets rise to N2.02tn
NAICOM logo Insurance companies’ gross written premium rose to N520bn as of the end of 2020, while their assets hit as the sector undergoes recapitalization. The Nigerian insurance industry’s asset…
Mutual Benefits Assurance incurs N1.975b loss in Q1 2021 despite 45.47% growth in premium
By Ngozi Onyeakusi---- Mutual Benefits Assurance Plc, one of the foremost underwriting companies has released its consolidated and separate statement of profit or loss for the first quarter ended 31st…
AIICO Insurance Unveils New Corporate Website
Babatunde Fajemirokun, MD/CEO AIICO Insurance By Ngozi Onyeakusi--- AIICO Insurance has launched its new corporate website and e-business portal in keeping with its commitment to providing superior and remarkable experience…
Linkage Assurance targets N700.8m PAT for 2021 Q3
By Ngozi Onyeakusi – Linkage Assurance Plc, one of the foremost underwriting companies in the country has released its earnings forecast for the third quarter for the period ending 30…
Global macroeconomic resilience cut by 18% by COVID-19: Swiss Re
By Charlie Wood ---- COVID-19’s emergence in 2020 caused macroeconomic resilience to fall by 18%, according to a Swiss Re Institute report. While global economic growth is expected to recover…
