Archives for INSURANCE - Page 128
#EndSARS Protest:: Consolidated Hallmark Insurance Settles Insured Victims
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…
Policyholders Applaud Universal Insurance For Prompt Claims Settlement
Kayode Okunoren By Ngozi Onyeakusi __ Universal Insurance Plc Policyholders were in jubilant mood, as they attested to the claims paying ability of the insurance firm. They were rejoicing having…
COVID wordings gap could hurt some insurers: AM Best
By Matt Sheehan ___ Analysts at AM Best have warned that gaps in policy wording around the COVID-19 pandemic could still hurt some primary insurers, despite recent efforts to exclude…
Third-party capital can play dual-role at R&Q, in program business & legacy
By STEVE EVANS ____ Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager, expects third-party capital to play a role across both…
