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Insurance World

Mutual Benefits Assurance Bags ‘A-’ Rating as Agusto & Co. Hails Improved Profitability

BY NKECHI NAECHE-ESEZOBOR—-Agusto & Co. has upgraded the long-term credit rating of Mutual Benefits Assurance Plc from ‘Bbb+’ to ‘A-’, with a stable...

Insurance World

Cornerstone Insurance Unveils “Cornerstone 3.0” Transformation Agenda at 2026 Brokers’ Business Lunch

Cornerstone Insurance PLC has unveiled key elements of its transformation agenda, “Cornerstone 3.0,” aimed at strengthening its operations, enhancing customer experience and positioning...

Insurance World

NAICOM to Release Funds in Escrow Account to Insurers by September 30

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission, (NAICOM) on Friday said it will release deposited funds in Escrow with the Central Bank of Nigeria to ...

Insurance World

Post-Recapitalisation, Mutual Benefits Pledges Deeper Investment in Tech, Customer Experience

For more than 30 years, Mutual Benefits Assurance Plc has built its reputation on a simple promise: being there for Nigerians when protection...

Insurance World

NAICOM Denies Fraud Allegations Over ₦100bn Recapitalization, Says No Official Indicted or Detained

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has denied allegations of fraud linked to the recently concluded ₦100 billion recapitalization exercise in the...

Insurance World

NAICOM Launches ISSP to Deepen Penetration, Boost Confidence

BY NKECHI NAECHE-ESEZOBOR—Nigerian Insurance industry regulator, the National Insurance Commission (NAICOM), on Thursday in Abuja launched the Insurance Sector Strengthening Programme (ISSP), a...

Insurance World

Sovereign Trust Insurance Receives NAICOM Recapitalisation Certificate

Sovereign Trust Insurance Plc alhas received its RecapitalisationCertificate from the National Insurance Commission (NAICOM), marking a significant milestone in the Company’s ongoing growth...

Insurance World

ASHON Raises Alarm Over Universal Insurance Licence Revocation, Cites Threat to Market Confidence

The Association of Securities Dealing Houses of Nigeria (ASHON) has raised the alarm over the revocation of Universal Insurance Plc’s operating licence by...