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Minimum Capital Requirements
NIIRA 2025: NAICOM Issues Licences to Additional Insurance Companies
BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), on Thursday issued new licences to additional insurance companies that have been confirmed and verified as...
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...
Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc and Guinea Insurance Plc are among seven additional underwriting firms officially cleared and verified by the National...
Insurers Back NAICOM’s Recapitalisation Framework, Celebrate Milestone Success
BY NKECHI NAECHE-ESEZOBOR—The Nigerian Insurers Association (NIA) on Wednesday reaffirmed its strong support for the National Insurance Commission (NAICOM) following the successful completion...
NAICOM Recapitalisation: Open Letter To The Honourable Minister Of Finance By Mohamed Kari, Former Commissioner For Insurance,NAICOM
OPEN LETTER TO THE HONOURABLE MINISTER OF FINANCE 12th August 2026 Federal Ministry of Finance Abuja, Nigeria Enforcing a level playing field...
Cornerstone Insurance, FIN Insurance NIIRA 2025 Recapitalisation Requirement
L-R: Managing Director/Chief Executive Officer of Cornerstone Insurance Plc, Mr. Stephen Alangbo; (3rd) Deputy Commissioner for Insurance Technical, National Insurance Commission (NAICOM), Dr....
AIICO Insurance Gains NAICOM Compliance Clearance, Hits ₦661bn Total Assets
AIICO Insurance Plc has received a new operational licence from the National Insurance Commission (NAICOM), confirming its full compliance with the recapitalisation requirements...
Coronation Insurance, Coronation Life Meet NIIRA 2025 Minimum Capital Requirements Following Successful ₦9.2bn Capital Raise
Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements stipulated under the Nigerian Insurance Industry Reform...
