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Nigerian Insurance Sector
H1 2026: Veritas Kapital Slashes Reinsurance Costs to ₦5.72bn, Posts ₦11.77bn Revenue
BY NKECHI NAECHE-ESEZOBOR—Ahead of recapitalization deadline, Veritas Kapital Assurance PLC has released its unaudited financial statements for the half-year ended June 30, 2026,...
Senate Passes Bill to Rename NAICOM as Insurance Regulatory Commission
BY NKECHI NAECHE-ESEZOBOR—The Senate on Tuesday passed a bill seeking to rename the National Insurance Commission (NAICOM) as the Insurance Regulatory Commission. If...
Mutual Benefits Assurance Reaffirms Commitment to Workforce Wellbeing with “Sweat It Out!” Event
Mutual Benefits Assurance Plc in partnership with Hallmark Health Services Limited (Hallmark HMO), has reaffirmed its commitment to employee wellbeing by hosting the...
Cornerstone Insurance Strengthens Balance Sheet, Declares 28 Kobo Dividend
BY NKECHI NAECHE-ESEZOBOR—Nigeria’s leading underwriter, Cornerstone Insurance Plc, has strengthened its financial position after posting solid growth across key performance indicators for the...
Enterprise Life Exceeds Recapitalisation Requirement, Rules Out Merger Plans
Enterprise Life Assurance (Nigeria) Limited has announced that it has fully met the recapitalisation requirements set by regulators and will not pursue any...
Royal Exchange Plc to Acquire, Recapitalise Royal Exchange Prudential Life
BY NKECHI NAECHE-ESEZOBOR—Royal Exchange Plc has disclosed plans to acquire and recapitalise Royal Exchange Prudential Life as part of a broader strategy to...
Regency Alliance Launches ₦3.04 Billion Rights Issue to Strengthen Capital Base
BY NKECHI NAECJE-ESEZOBOR-Regency Alliance Insurance Plc has officially launched a ₦3.04 billion Rights Issue following the formal signing of its Rights Issue Agreement,...
NAICOM, Insurers Mourn Former NCRIB President Rotimi Edu
BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has expressed deep sorrow over the death of former President of the Nigerian Council of Registered...
