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Insurance

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…
FOLA-DANIEL-OK
18 Jan 2015
THE Commissioner for Insurance, Fola Daniel, has affirmed that the  inauguration of the Technical Management Board of the Energy and Allied Risks Insurance Pool of Nigeria (EAIPN) will address challenges faced by insurance companies in oil and gas underwriting in Nigeria.   Speaking at the inauguration of the board to signpost the commencement of the…
18 Jan 2015
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…
18 Jan 2015
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…
18 Jan 2015
… 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…
1 Jan 2015
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…
30 Sep 2009
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.
30 Sep 2009
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.
30 Sep 2009
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.
27 Sep 2009
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.

Latest

10 mins ago
The Executive Secretary of the National Human Rights Commission (NHRC), Chief Tony Ojukwu, has stated that elections are essential in creating enabling environment for the fulfilment of human rights.
10 mins ago
Six people have been killed by gunmen at Arimogija and Molege communities in Ose Local Council of Ondo State. The victims of the attack, which was said to have gone on for about two weeks in the area, were said to be farmers and traders. Houses, cars, as well as motorcycles were set ablaze during the attack.
11 mins ago
Presidential candidate of the Peoples Democratic Party (PDP) and former Vice President, Atiku Abubakar, yesterday, urged Central Bank of Nigeria (CBN) to “take urgent measures and make the new currency available and accessible to the public.”
12 mins ago
North Central Youth Stakeholders Forum (NCYSF) has flayed presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, for opposing extension of submission of old naira notes.
12 mins ago
Sterling One Foundation has partnered the United Nations Development `Programme (UNDP) to host financial institutions for a discourse on the Nigeria Jubilee Fellows Programme (NJFP). The event, which had over 15 different organisations in attendance, focused on ways each of the participating organisations could be a part of this youth empowerment partnership initiative between the…