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Nigerian insurance industry
AIICO Insurance Denies False Allegations, Sues Obinna Nwosu Over Defamation
BY NKECHI BAECHE-ESEZOBOR—In a decisive move to protect its corporate reputation, AIICO Insurance Plc has taken legal action against a dismissed agent, Mr....
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...
Insurances Is the New Oil: Ex-NCRIB Boss Explains Surprise Survival of Underwriters
BY NKECHI NAECHE-ESEZOBOR—Following the successful conclusion of the Nigerian insurance industry recapitalisation exercise, 48 underwriting firms and two reinsurance companies scaled National Insurance...
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...
