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Nigerian insurance industry
Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval
BY NKECHI NAECHE-ESEZOBOR—Emerging from National Insurance Commission, (NAICOM), sector-wide recapitalisation drive with a capital base exceeding ₦15 billion, Guinea Insurance Plc on Friday...
NAICOM Recapitalisation: Policarp Didam Commends NAICOM, Warns Ministry of Finance Against Interference
BY NKECHI NAECHE-ESEZOBOR—Policarp Didam, former Managing Director of Royal Exchange Prudential Life Plc, has applauded the leadership of the National Insurance Commission,(NAICOM), led...
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...
Mutual Benefits Rewards Shareholders with ₦803m Dividend as Revenue Hits ₦80 Billion
L-R: Managing Director/CEO, Mutual Benefits Life Assurance Ltd., Biyi Ashiru-Mobolaji; Managing Director/CEO, Mutual Benefits Assurance Plc, Olufemi Asenuga; Non-Executive Director, Adesoye Olatunji; Company...
CHI Life Reaffirms Long-Term Commitment to Policyholders Following Successful Recapitalisation
CHI Life Assurance Limited, a subsidiary of Consolidated Hallmark Holdings Plc, has reaffirmed its financial strength and long-term commitment to policyholders following its...
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....
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...
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...
