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Insurers always guilty of late filing of audited financials – NSE

Insurers always guilty of late filing of audited financials – NSE

By Sola Alabadan Senior Correspondent   The insurance companies have always been found wanting when it comes to submitting their audited financial returns to the regulators even before the International…

New Ecowas brown card effective 2015

By Sola Alabadan Senior Correspondent As part of efforts to eradicate fake Ecowas Brown Card, the sub-regional secretariat of Ecowas Brown Card Insurance Scheme in Lome, Togo has standardised the…

No premium no cover: Insurers get five days to pay claim

By Sola Alabadan Senior Correspondent The subsidiaries of Nigerian insurance companies in Ghana including Equity Assurance, WAPIC, Regency Alliance, IEI Ghana and NEM Insurance, have been directed to pay all…

Aon lauds terrorism insurance law

By Sola Alabadan Senior Correspondent Aon plc, the leading global provider of risk and human resources solutions, has applauded the U.S. Senate for passing the Terrorism Risk Insurance Program Reauthorisation…

STACO pays N1.87b claims

Staco Insurance Plc paid claims amounting to N1.87 billion in 2013 in line with its promise to pay all genuine claims promptly, the company’s Managing Director, Sakiru Oyefeso, said. Addressing…

Brokers accuse banks of incursion into insurance business

By Sola Alabadan / Senior Correspondent The Nigerian Council of Registered Insurance Brokers (NCRIB) is worried by what it called “noxious incursion of some banks into the domain of insurance” and…

AIICO grows income by 11%

AIICO Insurance Plc says its gross premium income grew by 11 per cent to N23.6 billion in 2013 while its net premium income increased about 13 per cent to N18.2…

NIA vows to ensure laws hindering insurance growth are repealed

NIA vows to ensure laws hindering insurance growth are repealed

By Sola Alabadan Senior Correspondent   The Nigerian Insurers Association (NIA) has vowed to ensure that those laws hindering the growth of the nation’s insurance industry are repealed. The new…

Sovereign Trust endorses essay competition

By Sola Alabadan Senior Correspondent As part of its continuing effort in promoting academic excellence amongst youths undergoing post-primary education in the country and beyond, Sovereign Trust Insurance Plc has…

Insurers toy with plan to revive oil, energy pool

By Sola Alabadan Senior Correspondent More than two years after setting up a committee to resuscitate the Nigerian Oil and Energy Insurance Pool as a way of exploring the provisions…

Efekoha elected NIA deputy chairman

By Sola Alabadan Senior Correspondent The Managing Director of Consolidated Hallmark Insurance Plc, Eddie Efekoha, has been elected as the deputy chairman of the Nigerian Insurers Association (NIA). NIA is…

‘Insecurity, abuse of human integrity in Nigeria, worrisome’

‘Insecurity, abuse of human integrity in Nigeria, worrisome’

Stories by Sola Alabadan Senior Correspondent   The insurance operators in Nigeria have lamented the high level of insecurity in the country, saying the situation is worrisome and calls for…

AIICO to partner telecom firm

AIICO Insurance Plc intends to partner with a telecommunication firm as part of efforts to make its services available to majority of the populace and increase the level of insurance…

Insurers unveil scorecard June 26

The Nigerian Insurers Association (NIA) will be presenting a scorecard of its activities in the last one year, as well as release vital statistics on the performance of the insurance…

Sovereign Trust to raise additional capital

The management of Sovereign Trust Insurance Plc plans to embark on another rights issue aimed at consolidating the ownership of the underwriting firm by its existing shareholders, the company’s Managing…

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