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Ohakim
8 Feb 2015
IN furtherance of the agricultural transformation agenda of the Federal Government through efficient and effective agricultural risk management, the Board of Nigerian Agricultural Insurance Corporation (NAIC) has put strategies in place to increase the corporation’s market penetration and premium income.   The company’s chairman, Barr. Chioma Ohakim, who disclosed this in Abuja, informed that the…
8 Feb 2015
THE Board and Management of Standard Alliance Insurance Plc, one of the nation’s frontline insurance companies, have initiated a process of restructuring and rightsizing as part of its corporate strategy for growth and efficiency.    The restructuring and rightsizing exercise “involved the reshuffling of some key staff to fill specific positions in line with the…
LA
1 Feb 2015
... Industry paid  N33.993 billion life portfolio claims INSECURITY of life and property in the country may have heightened demand for life assurance policy as hedge against eventuality of sudden death.   Life assurance managers, who spoke to The Guardian attributed the development to the rising  wave of armed robbery attack, sudden death,  militancy, kidnapping,…
1 Feb 2015
… With professional indemnity cover FBN Insurance Limited and Society of Gynaecology and Obstetrics of Nigeria (Lagos Sector) at the weekend signed Memorandum of Understanding (MoU) in Lagos to provide group life assurance scheme and professional indemnity cover for  their members.   The Assistant General Manager (Business Development), Supo Sogelola, who signed  the document for…
1 Feb 2015
THE African Union’s African Risk Capacity’s affiliated mutual insurance company, ARC Ltd, is set to make claim payouts of more than $25 million to three of its member states belonging to its catastrophe insurance pool, which was recently established to help them become more resilient to extreme weather events and protect food insecure populations.  …
1 Feb 2015
THE Managing Director of Premium Pension Limited,  Wilson Ideva, has said that the new contributory pension scheme would soon be pivotal to the social and economic development of Nigeria.    He made this assertion at the company’s corporate head office in Abuja that “The more people identify with and subscribe to the new pension scheme…
1 Feb 2015
Ayodeji Johnson is the Chief Responsibility Officer of Go Risk Insurance Brokers Limited. In this interview with KENECHUKWU EZONYEJIAKU, , he  spoke on the economic and social benefits of insurance, its competitive advantage and other key contemporary industry issues. Excerpts WHY is Insurance the “most misunderstood industry”?    The way insurance has been perceived has…
Balogun-fire-
25 Jan 2015
..Task public on occupation liability policy to mitigate losses FIRE outbreak in both public and private institutions in different parts of the country, boosted insurers renewed appeal to the insuring public to take advantage of  the compulsory insurance -  Occupiers  Liability Insurance Policy (OLIP) in the industry to mitigate losses in the event of  …
25 Jan 2015
… advocates insurance cover THE Nigerian Council of Registered Insurance Brokers (NCRIB) has commiserated with victims of recent fire disasters in Iron Rod Market, Agodi in Ibadan and Balogun markets in Lagos.    In a press release, the President of the Council, Mr. Ayodapo Shoderu lamented the continuous loses of merchandise and properties in many…
25 Jan 2015
THE Nigerian Exchange has given a clean bill of health to Goldlink Insurance Plc following a quick response from its Management to the warning list issued by The Exchange to delist some companies from the NSE in which Goldlink was mentioned.    This was contained in a recent Press Release by the NSE on its…
25 Jan 2015
THE Chairman of UnityKapital Assurance Plc,  Henry James Semenitari, has given reasons   why the company sacked   former Managing Director ,  Kins Ekebuike and John Abu Oyidih , erstwhile Executive Director , Finance and Administration.    In a statement endorsed by the Acting Managing Director, UnityKapital Assurance Plc, Olugenga Olasogba and made available to…
25 Jan 2015
FBN Insurance Limited, a subsidiary of FBN Holdings Plc, concluded the takeover of Oasis Insurance Plc having acquired 71.2 per cent equity interest through a block divestment in February 2014.   In accordance with Rules of the Securities & Exchange Commission, FBN Insurance Limited made a mandatory takeover bid for the remaining 28.8 per cent…

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