Category: Insurance

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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Prudential Zenith Life Insurance Rolls Out COVID–19 Services
March 31, 2020 No Responses

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
January 27, 2020 No Responses

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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1,620 Workers To Retire In Lagos
November 7, 2019 No Responses

1,620 Workers To Retire In Lagos

The Lagos State Pension Commission (LASPEC) on Thursday said a total of 1, 620 staff of the Lagos State Public Service and Parastatals were expected to retire in the first half of 2020.Mrs Folashade Onanuga, Director-General, LASPEC, disclosed this at...
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Cornerstone Insurance: Only 2.5m of 12m Vehicles In Nigeria Have Genuine Insurance Cover
November 4, 2019 No Responses

Cornerstone Insurance: Only 2.5m of 12m Vehicles In Nigeria Have Genuine Insurance Cover

Out of 12 million registered vehicles in Nigeria, only 2.5 million have genuine insurance cover, Ikeja branch manager of Cornerstone Insurance plc, Pelumi Akindumusire has said.In a chat with motoring journalists,  Akindumusire explained that most  m...
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Insurance Sector Life Annuity Fund Portfolio Hits N323b
October 6, 2019 No Responses

Insurance Sector Life Annuity Fund Portfolio Hits N323b

The Insurance sector life annuity fund portfolio stood at about N323 billion at the end of the second quarter of 2019. The information was made available by Mr Rasaq Salami, Head, Commissioner for Insurance Directorate of the National Insurance Commission...
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Fajemirokun Resumes As AIICO Insurance New Managing Director
August 16, 2019 No Responses

Fajemirokun Resumes As AIICO Insurance New Managing Director

AIICO Insurance Plc appointed Babatunde Fajemirokun as its new Managing Director. In a notice to the Nigeria Stock Exchange (NSE), the company explained that the appointment takes immediate effect.  In the notice signed by the company secretary, Donald Ka...
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