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Insurance World

FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission,((NAICOM),  on Monday said only eight insurance companies are yet to be verified by the commission. The commission...

Insurance World

Recapitalisation: Sovereign Trust Allays Fears, Says Rights Issue Pushes Capital Past Target

BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc,  on Monday reassured investors that it has met the recapitalization deadline as stipulated by NAICOM but still...

Insurance World

NIIRA 2025 Compliance: KBL Insurance Beats Regulatory Capital Threshold by Over ₦600m

BY NKECHI NAECHE-ESEZOBOR—KBL Insurance Limited has officially surpassed the National Insurance Commission’s (NAICOM) ₦15 billion capital base under the Nigeria Insurance Industry Reform...

Insurance World

NAICOM Announces Successful Completion of Insurance Sector Recapitalization Exercise

The National Insurance Commission,(NAICOM),  today announced the successful completion of the twelve-month insurance sector recapitalization exercise. In pursuant to Section 15 and other...

Insurance World

FULL LIST: 43 Insurance Firms Meet NAICOM Recapitalization Deadlines, As Exercise Concludes

The National Insurance Commission, (NAICOM), on Monday announced that 43 insurance and reinsurance companies successfully met the prescribed Minimum Capital Requirements. The commission...

Insurance World

BREAKING: 43 Insurance Firms Meet NAICOM Recapitalization Deadlines, As Exercise Concludes

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission, (NAICOM), on Monday announced that 43 insurance and reinsurance companies successfully met the prescribed Minimum Capital Requirements....

Insurance World

Guinea Insurance Surpasses Minimum Capital Requirement with Successful Capital Raise

BY NKECHI NAECHE-ESEZOBOR—Guinea Insurance Plc has taken a major step toward solidifying its market position after successfully executing a ₦12.6 billion capital raise,...

Insurance World

NAICOM, NIA Call for Stronger Ties With NAIPE to Boost Insurance Growth

L-R: Dr. Julius Odidi, Head, Lagos Office, National Insurance Commission, Mrs. Ebere Nwoji, Chairperson, Nigerian Association of Insurance and Pension Editors (NAIPE); Mrs...