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The incoming President of the Chartered Insurance Institute of Nigeria (CIIN), Lady Isioma Chukwuma, will be focusing on the theme “Consolidating the gains of the industry for national economic growth” the Chairman of her Investiture Committee, Fatai Lawal, said. Lady Chukwuma, who is the CEO of Nigeria...

By Sola Alabadan,  Lagos   The managing director of Premium Pension Limited, Wilson Ideva, has asserted that the under subscription to the Contributory Pension Scheme (CPS) in Nigeria was due to lack of adequate public awareness. Addressing journalists at the company’s corporate headquarters in Abuja recently, Ideva said : “A vast majority of Nigerians including...

The board of Custodian and Allied Plc has elevated Wole Oshin as the Group Managing Director (GMD) of the investment holding company. The appointment was ratified at a recent board meeting of the company. The group comprises Custodian and Allied Insurance Limited (CAIL), Custodian Life Assurance Limited (CLA), CrusaderSterling Pensions Limited, Custodian Trustees Limited...

As a company that is alive to its responsibilities, Staco Insurance Plc paid claims amounting to N1.762 billion to its affected policyholders n 2014, the company’s the Managing Director, Sakiru Oyefeso, said. Speaking during the 19th annual general meeting of the underwriting outfit in Lagos, Oyefeso affirmed that Staco ensured all genuine claims were paid during the...

The knowledge gap in the Nigerian insurance industry as well as professional indiscipline among operators is still a cause for concern, the immediate past Commissioner for Insurance, Fola Daniel, lamented. Daniel, who stated this during the official opening of the Centre for Insurance and Financial Management Studies (CIFMS) established by the Chartered Insurance Institute...

By Sola Alabadan,  Lagos   The multi-million naira Centre for Insurance and Financial Management Studies (CIFMS) located at Asese village, along Lagos-Ibadan expressway, has been commissioned by the immediate past Commissioner for Insurance, Fola Daniel. The first phase of infrastructural development that has been completed and commissioned includes: an administration...

The management of Yudala, an online and offline retail chain in Africa has appointed Sovereign Trust Insurance Plc as the official insurer to the organisation in Nigeria. As the official insurer to Yudala in Nigeria for all online transactions and offline purchases in the different outlets spread across the country, Sovereign Trust is providing All Risks Insurance Cover...

The Director General of the National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu has identified inadequate knowledge and skills on the part of Pension Fund Administrators (PFAs) to conduct due diligence on developmental projects as part of the challenges facing the pension industry in Nigeria. Anohu-Amazu stated this during the High Level Side event at the 3rd...

By Sola Alabadan,  Lagos   More than three years after an aircraft belonging to Dana Airline crashed on June 3, 2012 in Iju-Ishaga, Lagos, killing more than 163 people, the National Insurance Commission (NAICOM) and the insurance operators in Nigeria are still not happy with the way the insurance of the ill-fated aircraft was managed by the industry. This development...

UnityKapital Assurance Plc has appointed Michael Danjuma  Dogo and Babatunde Oshadiya  as  Managing Director and  Executive Director  (Operations) respectively. The insurance company notified The Nigerian Stock Exchange that the National Insurance Commission (NAICOM) has approved the appointments of the duo. The appointments took effect from July 21, 2015. Dogo is...