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Insurance World

NSIA Insurance Grows Revenue by 18% to ₦33bn, Divests Life Insurance Portfolio

BY NKECHI NAECHE-ESEZOBOR—NSIA Insurance, one of Nigeria’s leading insurance companies, on Monday released its financial statement for the year ended 31st December, 2025...

Insurance World

2026 NAIPE Annual Conference Holds October 8

The Nigerian Association of Insurance and Pension Editors (NAIPE) is set to hold the 11th edition of its annual national conference with a...

Insurance World

Shareholders Fault MediPlan Over REPRU’s Recapitalization Failure

BY NKECHI NAECHE-ESEZOBOR—Shareholders of Royal Exchange Plc have frowned at the inability of MediPlan Healthcare Limited to recapitalised Royal Exchange Prudential Life Assurance...

Insurance World

Court Restrains NAICOM from Revoking Universal Insurance License

BY NKECHI NAECHE-ESEZOBOR—The Federal High Court sitting in Lagos has granted leave to Universal Insurance Plc to commence legal proceedings against the National...

Insurance World

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...

Insurance World

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...

Insurance World

Recapitalisation: Sunday Thomas Backs NAICOM Over Regulatory Guidelines

Former Commissioner for Insurance, Olorundare Sunday Thomas, has thrown his weight behind the National Insurance Commission (NAICOM), dismissing concerns over regulatory guidelines and...

Insurance World

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...