AIICO Insurance Director Resigns

AIICO Insurance Director Resigns

By Moses Ebosele, ebosele@hotmail.com  —  The Executive Director of AIICO Insurance Plc in charge of Retail Business, Mr. Olusola Ajayi has resigned from the Board of the Company.   A notice sent to the Nigerian Exchange (NGX)  and obtained by City Business News explained that the...
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AIICO Insurance Unveils One-Stop Mobile Application

AIICO Insurance Unveils One-Stop Mobile Application

AIICO Insurance Plc has launched a one-stop mobile application ‘AIICO Express’ for easy distribution of its products and services, for agents to serve customers better and faster.  Mr Segun Olalandu, Head, Strategic Marketing and Communications, in a ...
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AIICO Insurance Unveils Artificial Intelligence Powered WhatsApp Service

AIICO Insurance Unveils Artificial Intelligence Powered WhatsApp Service

AIICO Insurance Plc on Monday said it had launched an Artificial Intelligence (AI) powered service via the WhatsApp platform called ELLA, to improve service delivery.  Head, Strategic Marketing and Communications of the firm, Mr Segun Olalandu, announced ...
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Heirs Insurance, Heirs Life Confirm Purchase Of Insurance In Five Minutes

Heirs Insurance, Heirs Life Confirm Purchase Of Insurance In Five Minutes

Dr. Adaobi Nwakuche, Ag. MD/CEO, Heirs Insurance Limited  (Left) and Niyi Onifade, MD/CEO, Heirs Life Assurance Limited  Digital insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), have confirmed that customer...
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Cornerstone Insurance Attains N17.53b Gross Premium In 2020

Cornerstone Insurance Attains N17.53b Gross Premium In 2020

For the year ended December 31, 2020, Cornerstone Insurance Plc, attained a Gross Premium of N 17.53 billion    Addressing shareholders on Tuesday at the 29th Annual General Meeting/30th anniversary of the insurer in Lagos, chairman of the company, Mr Segun...
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Standard Alliance Insurance Demands N10b Damages From NIA

Standard Alliance Insurance Demands N10b Damages From NIA

Standard Alliance Insurance Plc. has demanded N10 billion from Nigeria Insurance Association (NIA) as damages for loss of reputation that resulted from its purported expulsion by the association.  This is contained in a letter sent to NIA by the solicitor...
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Sovereign Trust Insurance Declares N687m Profit In 2020

Sovereign Trust Insurance Declares N687m Profit In 2020

For the financial year 2020, Sovereign Trust Insurance Plc recorded Profit After Tax (PAT) of N687 million, against N503 million attained in 2019.  A statement issued on Saturday by Mr Olusegun Bankole, the insurer’s Deputy General Manager/Head, Sales a...
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China Takes New Foreign Investment Top Spot From US

China Takes New Foreign Investment Top Spot From US

China has overtaken the US as the world’s top destination for new foreign direct investment, according to UN figures released on Sunday.  New investments into America from overseas companies fell by almost half last year, leading to the loss of...
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AIICO Insurance Shareholders Back N20b Share Capital

AIICO Insurance Shareholders Back N20b Share Capital

AIICO Insurance plc on Wednesday said it had surpassed the December 2020 deadline expectations of the National Insurance Commission (NAICOM).  Managing Director /Chief Executive Officer (CEO), Mr Babatunde Fajemirokun, in a statement explained that the co...
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AIICO Pledges To Sustain Growth Agenda

AIICO Pledges To Sustain Growth Agenda

AIICO Plc has reiterated its commitment to sustain growth agenda as part of measures to earn customer’s confidence and achieve reviewed capital base for insurance set by National Insurance Commission (NAICOM). Speaking at a virtual Fact Behind the Offer (FBO...
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AIICO Insurance Partners NGO On Relief Packages For 300 Families

AIICO Insurance Partners NGO On Relief Packages For 300 Families

AIICO Insurance Plc, in partnership with “We Stand Foundation” has organised a relief programme to provide a variety of food items and reusable nose masks to 300 underprivileged families in Lagos. Mr Abimbola Shobanjo, Manager, AIICO Corporate Responsibili...
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Continental Reinsurance Acquires Botswana Subsidiary

Continental Reinsurance Acquires Botswana Subsidiary

Continental Reinsurance Plc on Thursday announced a change in the ownership structure of Continental Reinsurance Ltd Botswana.    After its recent acquisition of a minority 40% stake in the company, through its holding company, CRAFIL, from Botswana Insu...
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Zenith General Insurance Declares N3.06b Profit For 2019

Zenith General Insurance Declares N3.06b Profit For 2019

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn...
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Wapic Insurance Unveils 15% Premium Rebates For Health Workers

Wapic Insurance Unveils 15% Premium Rebates For Health Workers

Following it’s recent announcement giving premium refunds to customers with active motor vehicle policies during the lockdown period, Wapic Insurance, one of Nigeria’s leading underwriters, has gone further to offer health workers across Nigeria a 15% disc...
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