Archives for INSURANCE - Page 171
Royal Exchange settles N2.7 billion claims
Alhaji Auwalu Muktari, Group Managing Director, Royal Exchange Plc Royal Exchange General Insurance Company, (REGIC), one of Nigeria’s foremost insurance underwriters with a focus on General and Special Risks,…
NAICOM to sanction insurance firms for rate-cutting
The National Insurance Commission has said that it will tackle the issue of rate-cutting on insurance premiums by operators in the industry and apply appropriate sanctions on perpetrators of…
NAICOM Approval Guinea Insurance 2016 Accounts
The National Insurance Commission (NAICOM) has approved 2016 financial accounts of underwriting firm - Guinea Insurance Plc, the Executive Director, Finance and Administration, Pius Edobor has confirmed. According to…
FG set to insure public assets
Kemi Adeosun The Federal Government yesterday assured its readiness to adequately insure all its assets. This was disclosed by the Minister of Finance, Mrs. Kemi Adeosun, during the 2017…
Elumelu tasks FG on $14 bn annual infrastructure deficit
Chairman, Heirs Holdings Tony Elumelu The Chairman, Heirs Holdings Limited, Mr. Tony Elumelu at 2017 National Insurance Conference of the Insurance Industry Consultative Council (IICC) tasked the Federal Government…
NAICOM releases draft guidelines on microinsurance operations
Commissioner for Insurance, Mohammed Kari The National Insurance Commission has released a draft of revised guidelines for microinsurance operations in Nigeria. NAICOM sent the draft guidelines to the chief…
STI gross premium hits N4.1b in Q1
By NGOZI Onyeakusi STI MD Sovereign Trust Insurance Plc. has recorded an impressive performance in its unaudited financial report for the first quarter of 2017, as its total Gross premium…
2016 Financial Report: Anchor Insurance gets NAICOM approval
By Ngozi Onyeakusi Anchor Insurance Company Limited said its 2016 Financial report has been approved by the National Insurance Commission (NAICOM). The firm made a nice outing as its profit…
IGI names new management
Industrial And General Insurance Plc (IGI) has announced the appointment of a new management, in continuation of its restructuring programme aimed at repositioning the company for optimum performance. The…
Penetration: NAICOM must partner states on Compulsory Insurances … Adeduro
As insurance business in Nigeria continues to suffer low penetration, one of the frontline practitioners, has traced the root cause to non-enforcement of various compulsory insurances nationwide.…
