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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Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown

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

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

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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Prudential Zenith Life Insurance Rolls Out COVID–19 Services

Prudential Zenith Life Insurance Rolls Out COVID–19 Services

In the face of the coronavirus pandemic and the resulting lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help customers cope with the lockdown.The new services include a range of additional COVID-19 insurance cover enhancement...
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Kia To Unveil Eleven Electric Vehicles, Deploys $25b

Kia To Unveil Eleven Electric Vehicles, Deploys $25b

As part of ongoing expansion agenda, Kia Motors has revealed its long term strategy called ‘Plan S’ under which it aims to spearhead the global transition to electric vehicles and mobility solutions by 2025.Under this plan, the South Korean automak...
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