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Insurance
Alliance & General Insurance Positions for Expansion Following Successful Recapitalization
BY NKECHI NAECHE-ESEZOBOR—Alliance & General Insurance Plc has completed its recapitalization exercise, exceeding the ₦15 billion minimum capital requirement set by the National...
NAICOM Recapitalisation: Universal Insurance Secures ₦7.13B Equity Deal with FPNG, Awaits NAICOM Approval
BY NKECHI NAECHE-ESEZOBOR—Universal Insurance Plc has entered into an investment agreement with FPNG Co-Nvest Limited (FPNG) for an equity capital injection of ₦7.128...
Sovereign Trust Insurance Meets NAICOM’s New Recapitalisation Threshold, Reaffirms Market Confidence
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc, has successfully met the new recapitalisation requirement for non-life insurance companies prescribed by the National Insurance Commission...
H1 2026: Mutual Benefits Assurance Records 15.5% Asset Expansion to ₦204bn
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s retail insurance giant, Mutual Benefits Assurance Plc has reported 2.57 percent growth in Insurance Revenue to ₦42.25 billion up from...
Leadway Targets Nigeria’s Creative Sector with New Insurance Partnership
Leadway Targets Nigeria’s Creative Sector with New Insurance Partnership Leadway Assurance Nigeria Limited has partnered with Insurtainment, a platform dedicated...
Senate Passes Bill to Rename NAICOM as Insurance Regulatory Commission
BY NKECHI NAECHE-ESEZOBOR—The Senate on Tuesday passed a bill seeking to rename the National Insurance Commission (NAICOM) as the Insurance Regulatory Commission. If...
NAICOM Boss Urges CIIN to Drive Professionalism, Innovation, Ethical Standards
The National Insurance Commission (NAICOM), on Friday charged the Chartered Insurance Institute of Nigeria (CIIN) to deepen professionalism, uphold ethical standards, and embrace...
NAICOM Dismisses Niger Insurance Claims, Says Company’s Licence Remains Revoked
BY NKECHI BAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), on Friday debunked reports in the media allegedly issued by the management of Niger Insurance Plc,...
