Mutual Benefits Assurance
‘Policy adoption as harbinger of prosperity’
The low insurance penetration in the Nigerian market has been a major challenge to underwriting companies, particularly in this period of recapitalisation exercise with June 2020 deadline.
Mutual Benefits records N14 billion underwriting income
Mutual Benefits Assurance Plc in its audited financial statement for the year ended December 31, 2018, recorded a net underwriting income of N13.9 billion...
Mutual Benefits strengthens effort to drive efficiency in sector
Mutual Benefits Assurance has renewed commitment to its vision of becoming the profitable and notable underwriting institution in the nation’s insurance industry, despite market challenges in the course of the year. The Chairman of the company, Dr. Akin Ogunbiyi, who disclosed this at the company’s 23rd yearly thanksgiving service in Lagos, said “our clear vision…
SEC extends Mutual Benefits’ rights issue
Mutual Benefits Assurance Plc has received approval for an extension of the offer period of its rights issue by the Security Exchange Commission (SEC). The company, in a statement, said the acceptance list for the rights issue, which opened on August 6, was earlier planned to close on September 14, but had been extended to September…
Mutual Benefits Assurance opens N2b rights issues
Mutual Benefits Assurance Plc has commenced its quest for fresh capital worth N2 billion, by offering ₦0.50 rights issue of four billion ordinary shares, between August 6, 2018...
Firm declares N5b claims settlement, as PAT rises
Mutual Benefits Assurance Plc has paid a total of N5.15 billion to policyholders in the country in efforts to regain confidence in the nation’s insurance sector. According to the company, the audited financial accounts for the year ended December 2017 with the profit after tax of 176 per cent showed that shareholders of the company…
Mutual Benefits commissions new office in Ibadan
Executive Chairman, Boff and Company Insurance Brokers, Babajide Olatunde-Agbeja described Mutual Benefits Assurance Plc as one of the leading insurance companies in Nigeria, in terms of growth and expansion.
Mutual Benefits Assurance positions with N10.7bn underwriting income
Despite the economic challenging and consumer apathy towards taken insurance policy in the country, Mutual Benefits Assurance Plc, has declared its underwriting income by 27 per cent from N8.3 billion to N10.7 billion in 2016.
Underwriter cautions customers on cash transactions with staff
Mutual Benefits Assurance Plc, has urged its numerous customers to avoid payments of cash to staff, just as it vowed to investigate the alleged unethical practices recently reported in the media, pledging to prosecute anyone found to be complicit.
Mutual Benefits promises seamless service delivery
The Chairman of Mutual Benefits Assurance Plc, Akin Ogunbiyi has promised its customers to be the fastest growing insurance company through innovative product this year.