Insurance

EXECUTIVE Director, Continental Reinsurance Plc,  Lawrence Nazare, has predicted that  there were emerging risks in the world and opportunity for growth in Africa this year.   The West African largest reinsurer said this while speaking on 2015 outlook on geopolitical risks and opportunities.   According to him, “Opportunities on the African continent are expected to…

CONSOLIDATED Hallmark Insurance Plc at the weekend presented awards to the winners at the fourth edition of the yearly essay competition for tertiary institutions in Lagos.   At the presentation,  Miss Abiola Atinukeola Gbemisola, of Polytechnic, Ibadan won the first prize and went home with N250,000; Miss Chukwuemeka Nwane-nnaya, from the University of Lagos,  came…

… Gets BBB+(NG) rating LAW Union & Rock Insurance PLC, has reviewed its business strategies, systems and processes in order to meet  immediate and long term goals of the company.    In a statement by the Managing Director/Chief Executive Officer of the company,  Jide Orimolade, said “Our customer-centred strategy is to ensure long term growth…

THE Nigerian Insurers Association (NIA) has refuted newspaper report on database monitoring, but stated that the association and the Lagos State Government are working together for launching of the database  in the State.     A press statement signed by Head, |Corporate Affairs of the Association, Davis Iyasere, said our attention has been drawn to…

NOTWITHSTANDING the difficult operating environment in the country, NEM Insurance Plc was able to post impressive results as it announced a gross premium income of N4.0 billion for the year ended December 31, 2008. It represents a 56.7 per cent increase over the N2.6 billion figure recorded the preceding year.

STACO Insurance Plc has lived up to its promise of 'prompt claims payment', as it paid a total claims of N538.13 million for the half-year ended June 30, 2009 to its customers in various classes of general insurance business.

THERE were indications that the National Insurance Commission (NAICOM) may impose conditions that underwriting companies wishing to establish off-shore subsidiaries must meet before the industry regulator would grant approval for the take-off.

THE impact of the current global financial crisis would have been minimal on Nigerians if insurance patronage level in the country was high. Many businesses and investments around the world had been adversely affected by the economic meltdown which has gravely diminished the value of global investments.