BY NKECHI NAECHE-ESEZOBOR--The National Insurance Commission( NAICOM) on Friday announced that it has issued operating license to four insurance companies and one reinsurance company to begin operations in Nigeria.
The head, Commissioner for Insurance Directorate, NAICOM, Rasaq Salami disclosed this today at the Insurance Industry Consultative Coucil 2020 media retreat held for insurance journalists in Nigeria at Ijebu-Ode that the Commission had conducted an interview for the firms and visited their locations and therefore license was approved for all the firms.
According to him the companies approved for operations are: Heirs Insurance General; Heirs Insurance Life; Enterprise Life Assurance; StanbicIBTC Insurance Life and FBS Reinsurance.
Heirs Insurance Limited (General), picked, Olaniyi Stephen Onifade, as its Managing Director; Stanbic IBTC Insurance Limited, picked, Akinjide Orimolade, as Managing Director; Heirs Life Assurance Limited, picked, Abah Okoriko and Enterprise Life Assurance Company Nigeria Limited, picked, Fumilayo Abimbola Omo.
Tony Elumelu, is the Chairman, Heirs Insurance Limited (General); Yinka Sanni, Chairman, Stanbic IBTC Insurance Limited; Abdulqadir Jeli Bell, Chairman, Heirs Life Assurance Limited and Keli Gadzekpo, Chairman, Enterprise Life Assurance Company Nigeria Limited.
