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Insurance World

Heirs General Insurance, Heirs Life Meet NAICOM Capital Requirements, Set Plans For Post Recapitalisation

BY NKECHI NAECHE-ESEZOBOR—Heirs General Insurance and Heirs Life Assurance have  met the National Insurance Commission’s (NAICOM) recapitalisation requirements. This development follows the conclusion...

Insurance World

NAICOM Recapitalisation: Unitrust Insurance Successfully Recapitalises, Secures New License

BY NKECHI NAECHE-ESEZOBOR—Unitrust Insurance Company Limited has successfully new minimum capital requirements and received its new operating license from National Insurance Commission,( NAICOM...

Insurance World

NAICOM Begins Issuance of New License Certificates to Recapitalised Firms

BY NKECHI NAECHE-ESEZOBOR—National Insurance Commission (NAICOM), on Tuesday presented new Licence Certificates to insurance companies that successfully met the Commission’s new minimum capital...

Insurance World

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...

Insurance World

NIIRA 2025: Lasaco Assurance meets NAICOM Recapitalisation Requirement

Lasaco Assurance Plc has successfully met the National Insurance Commission (NAICOM) capital requirements ahead of the July 31 deadline for the Minimum Capital...

Insurance World

NAICOM Confirms Veritas Kapital’s Full Compliance with NIIRA 2025 Capital Requirements

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), has confirmed Veritas Kapital Assurance Plc full compliance with the minimum capital thresholds mandated under the...

Insurance World

NIIRA 2025: Mutual Benefits Group Meets NAICOM Minimum Capital Requirement

BY NKECHI NKECHE -ESEZOBOR—Mutual Benefits Assurance Plc and Mutual Benefits Life Assurance Ltd have achieved another significant regulatory milestone following their inclusion among...

Insurance World

Rex Insurance Meets NAICOM Minimum Capital Requirement Under NIIRA 2025

BY NKECHI NAECHE-ESEZOBOR—Rex Insurance Limited has successfully met the new Minimum Capital Requirement (MCR) prescribed by the National Insurance Commission (NAICOM) under the...