Category: Insurance

Heirs Insurance, Heirs Life Confirm Purchase Of Insurance In Five Minutes
August 4, 2021 No Responses

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 customers are now able to purchase insurance policies from their...
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Cornerstone Insurance Attains N17.53b Gross Premium In 2020
July 28, 2021 No Responses

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
July 10, 2021 No Responses

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
April 11, 2021 No Responses

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
January 25, 2021 No Responses

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
December 10, 2020 No Responses

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
September 19, 2020 No Responses

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
September 18, 2020 No Responses

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
September 10, 2020 No Responses

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
May 19, 2020 No Responses

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
May 4, 2020 No Responses

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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Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown
May 4, 2020 No Responses

Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown

Mutual Benefits Assurance Plc on Monday said it had paid claims of over N399 million to  customers across its businesses amidst COVID-19 lockdown. The company made the disclosure in Lagos  in a statement by Ellen Offo, its Head of Corporate...
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FBN Holdings Explains Divestment From FBN Insurance
April 15, 2020 No Responses

FBN Holdings Explains Divestment From FBN Insurance

FBN Holdings Plc has notified the Nigerian Stock Exchange (NSE) of on-going discussions with its partner Sanlam Emerging Markets to divest 65 per cent equity in FBN Insurance (FBNI) Ltd.The company stated this in a notice sent to the Exchange...
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COVID-19: Prudential Zenith Life Insurance Unveils Additional Benefits For Customers
April 6, 2020 No Responses

COVID-19: Prudential Zenith Life Insurance Unveils Additional Benefits For Customers

Following the launch of its Coronavirus (COVID-19) initiative, Prudential Zenith Life Insurance has announced some additional benefits designed to address the negative impact of the Coronavirus (COVID-19) pandemic, which has claimed thousands of lives globally...
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