Law Union & Rock launches internship for schools
LAW Union & Rock Insurance Plc has launched an internship programme aimed at promoting insurance education among students in Nigeria.
NIA lauds NAICOM’s regulatory scheme
THE Nigerian Insurers Association (NIA) – the market umbrella of risk underwriters – has commended the National Insurance Commission (NAICOM) The Director-General of the association, Sunday Thomas, speaking at a seminar for insurance journalist in Ilorin, Kwara State, on “The media and Nigerian insurance sector transformation” said that the commission has created a formidable regulatory system that has to some extent earned the respect of the operators.
Legacy Pension pays N18.25b to clients
THE Chairman of Legacy Pension Management Ltd, Lamis Shehu Dikko has said that despite the difficulties the private and public enterprises are presently facing, his organization has so far made benefit payout of over N18.25 billion to its 7.542 clients even as it currently has 2.947 pensioners on regular programmed withdrawal payments.
Barclays eyes Kenyan asset management after deal
BARCLAYS Africa Group plans to move into the asset management business in Kenya this year after reaching a deal to buy a majority stake in insurer Kenya First Assurance Ltd for 2.8 billion shillings ($28.84 million).
Tokio Marine to buy HCC Insurance for $7.5 billion
TOKIO Marine Holdings Inc said on Wednesday it had agreed to buy U.S. specialty insurer HCC Insurance Holdings Inc for $7.5 billion, in what would be the biggest M&A deal this year by a Japanese company.
Wapic Insurance unveils motor, group life policy
WAPIC Insurance Plc, is set to transform the Nigerian insurance landscape with the recent unveiling of its revamped Motor Insurance. Similarly, its life subsidiary, Wapic Life Assurance Limited has also launched its revamped Group Life Insurance policy. The Motor insurance policy called “Moov” and the Group Life Policy we re-deigned to offer comprehensive cover for…
Royal Exchange settles N1.98b claims
ROYAL Exchange General Insurance Company, (REGIC), has paid out N1.976 billion as claims settlements to its clients at the end of the year 2014. Making this disclosure in Lagos, the Managing Director of REGIC, Mr. Richard Olutayo Borokini said that his company’s focus is the prompt settlement of genuine insurance claims and this will continue…
Mutual Benefits canvasses grassroots investments to deepen penetration
THE Group Managing Director, Mutual Benefits Assurance Plc, Akin Ogunbiyi, has said that the key to deepening insurance penetration in Nigeria is investments in grass root operation in alignment with the Market Development and Restructuring Initiative (MDRI) initiated by the National Insurance Commission (NAICOM). Speaking at the presentation of the award “The best innovative insurance…
Why Bayer has staged a comeback to Nigeria’s economy, by Konig
The Management Board Member of Bayer AG of Germany, Michael Konig was recently in Nigeria to formally flag-off the return of the global conglomerate to the nation’s economy, through the floating of a new company-Bayer Middle Africa Limited. Before he left the country, Konig spoke with the Business Editor, ADE OGIDAN on the allures of Nigeria’s economy and prospects of Bayer’s new outfit in the country. Excerpts
RIMSON has raised the bar in risk management, says Adeosun
We congratulate you on your election as president of (RIMSON). What has been the major steps taken by the society to enhance public awareness about risk management in Nigeria THANK you very much. Education is the antidote to ignorance, recall that the Holy Book states that my people perish for lack of knowledge. Therefore, education…