Archives for INSURANCE - Page 135
Climate Shocks: ARC Offers Madagascar US$2.13m Insurance cover
By Ngozi Onyeakusi-- The Insurance arm of African Risk Capacity, (ARC), has made available insurance provisions to the tune of US$ to the Government of Madagascar as part of efforts…
Guinea Insurance congratulates newly appointed NIA chairman
The Managing Director, Guinea Insurance PLC – Ademola Abidogun has on behalf of its Board of Directors, Management and Staff, joined the entire insurance business community and professionals of repute…
Insurance Industry’s total volume of business written grows by 15.55% to N490bn
The volume of business written by the insurance Industry has grown to N490bn, thus representing an increase of when compared with billion recorded in 2018 financial year. Addressing shareholders at…
Sovereign Trust Insurance Settles N2.2bn Claims in 2019 …PAT Soars To N503m
By Ngozi Onyeakusi-- Sovereign Trust Insurance has settled worth net claims during 2019 financial year. This represents a net claims expense as against that was paid in 2018. This, in…
Consolidated Hallmark PAT Soars to N209.5m in 2020 Q1
Efekoha By Ngozi Onyeakusi-- Consolidated Hallmark Insurance Plc has recorded profit after tax of million for the period ended March 31, 2020. The amount represents an increase…
AIICO Insurance seeks approval for 4.3 bn ordinary shares of 50k
Fajemirokun In line with its recapitalization plans, AIICO Insurance Plc has submitted an application to the Nigerian Stock Exchange, seeking approval for some billion ordinary shares of each…
Custodian & Allied Insurance keen on customer satisfaction
By Ngozi Onyeakusi-- Custodian & Allied Insurance (CAIL) is keen on developing and delivering innovative insurance products that best satisfy customer needs, the Managing Director of the company,…
CSR: GNI partners Ogun State Security Trust Fund
Osipitan By Ngozi Onyeakusi -- One of the foremost underwriting firms in the country, Great Nigeria Insurance Plc., partnered Ogun State Security Trust Fund as part of its strategic…
Recapitalization of Nigerian Insurance Industry in Covid-19 Pandemic Era
Apere 1. Introduction There had been a lot of great expectations from the investors and the insuring public when the insurance regulator first announced the recapitalization guidelines…
NAICOM segments recapitalization, Extends deadline to September 30, 2021
By Ngozi Onyeakusi-- In an effort to mitigate the likely negative consequences of the COVID-19 pandemic on the ongoing recapitalization exercise, the National Insurance Commission (NAICOM) has approved the segmentation…
