Africa Prudential Appoints Catherine Nwosu CEO

Africa Prudential Appoints Catherine Nwosu CEO

Africa Prudential Plc, the pioneering registrar listed on the Nigerian Exchange Group (NGX Group), has announced a historic leadership transition.  Effective March 1, 2024, Catherine Nwosu will become the company’s first female Chief Executive Officer (CEO), marking a significant milestone...
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Elumelu Seeks Urgent Recapitalization, Enforcement Of Compulsory Insurance In Nigeria

Elumelu Seeks Urgent Recapitalization, Enforcement Of Compulsory Insurance In Nigeria

Chairman of Heirs Insurance Group, Tony Elumelu has called for the urgent recapitalisation of insurance companies in Nigeria, as part of a six-point agenda to completely transform the insurance industry.  He made the call on Monday, October 23, 2023, at.....
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Reps Summon Insurance Firms Over Unremitted N267b Workers’ NHF

Reps Summon Insurance Firms Over Unremitted N267b Workers’ NHF

THE House of Representatives Ad hoc committee investigating non-remittance to the National Housing Fund (NHF) and utilisation of the funds from 2011 has summoned concerned Chief Executive Officers (CEOs) of insurance companies. This is to explain the reason fo...
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UNITED CAPITAL LAUNCHES CAMPAIGN TO PROMOTE FINANCIAL INCLUSION FOR WOMEN

UNITED CAPITAL LAUNCHES CAMPAIGN TO PROMOTE FINANCIAL INCLUSION FOR WOMEN

United Capital Asset Management Ltd., a subsidiary of United Capital Plc, has launched the #ThisGirlInvests campaign to promote financial independence and security for women across Nigeria.   A statement explained that the  campaign seeks to enc...
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Coronation Insurance To Delist From NGX

Coronation Insurance To Delist From NGX

Coronation Insurance Plc has announced plans to delist from NGX following an offer from Coronation Capital (Mauritius) Limited to acquire shares of the company at 65kobo per share.  In a Proposed Share Acquisition notice to the Nigerian Exchange Limited ...
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NCDMB Backs Confab On Local Content Implementation In Insurance Industry 

NCDMB Backs Confab On Local Content Implementation In Insurance Industry 

The Nigerian Content Development and Monitoring Board, NCDMB, has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. Executive Secretary of the Board, Simbi Kesiy...
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Cornerstone Insurance Appoints Onyejekwe Non-Executive Director

Cornerstone Insurance Appoints Onyejekwe Non-Executive Director

The Board of Directors, Cornerstone Insurance Plc has appointed Mrs. Christabel Onyejekwe as a Non-Executive Director. In a notice to the Nigerian Exchange Limited, the company explained that the appointment was subject to approval by the N...
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Unitrust Insurance Gets New MD

Unitrust Insurance Gets New MD

Unitrust Insurance Company has appointed Mr Adedayo Arowojolu as Managing Director/Chief Executive Officer (CEO) and Mr Olatunji Anibaba as Executive Director (Technical).  In a statement on Thursday, Head, Brand and Customer Service of the company, Ms Sw...
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Heirs Life Assurance Opens 11 Additional Offices 

Heirs Life Assurance Opens 11 Additional Offices 

Heirs Life Assurance (HLA) has opened 11 additional retail offices nationwide to serve its growing number of customers.  A statement signed by Mr Timileyin Adebiyi, Communication Manager, HLA   attributed the company’s rapid expansion to ...
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<strong>LNG Insurers Scramble To Retain War Cover  </strong>

LNG Insurers Scramble To Retain War Cover  

Japan, the world’s top importer of LNG, is working with marine insurers in the country to ensure LNG imports from Russia are not jeopardized in the wake of the latest sanctions against Moscow.  Already, three companies from Japan, Tokio Marine...
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FEC Approves N13b Group Insurance Fee For Police 

FEC Approves N13b Group Insurance Fee For Police 

The Federal Executive Council (FEC) has approved N13.3 billion for the provision of group life assurance scheme for the Nigerian Police Force (NPF).  The Minister of Police Affairs, Alhaji Maigari Dingyadi, made this known when he addressed State House co...
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Insurance Assets Hit N2.3tri

Insurance Assets Hit N2.3tri

The National Insurance Commission (NAICOM), on Tuesday disclosed that the insurance industry attained total assets of N2.3 trillion, indicating 9.0 per cent increase, Year-On-Year (YoY) at the end of the third quarter.  This is contained in a bulletin of the....
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Heirs Insurance Firms Record N14.8b Premium In Q3

Heirs Insurance Firms Record N14.8b Premium In Q3

Heirs Insurance Ltd. (HIL) and Heirs Life Assurance (HLA) have generated a total of N14.8 billion Gross Written Premium (GWP) in the third quarter. Mr Niyi Onifade, Managing Director, Heirs Life Assurance, said this at a press briefing on Wednesday...
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Customers Laud AIICO Insurance’s Annuity Policy 

Customers Laud AIICO Insurance’s Annuity Policy 

Annuity policyholders of AIICO Insurance Plc, have lauded the company for its excellent and satisfactory services.  In a statement issued on Saturday, the company’s spokesman, Mr Segun Olalandu, explained that the underwriter marked the 2022 Customer Servic...
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