NCAA Threatens Sanction Over Inappropriate Insurance Cover

NCAA Threatens Sanction Over Inappropriate Insurance Cover

The Nigeria Civil Aviation Authority (NCAA) has threatened to sanction airlines and allied aviation services that violate the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover for their equipment.  A statement issued on Sunday by the Director-General Civil...
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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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Royal Exchange Insurance Appoints New MD

Royal Exchange Insurance Appoints New MD

Royal Exchange General Insurance Company has announced the appointment of Mrs Ebelechukwu Nwachukwu as the new Managing Director/Chief Executive Officer, effective December 1, 2022.  The company’s Chairman, Mr Ike Chioke, who made the announcement on Mo...
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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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Coscharis Motors, AIICO, Tangerine, Seal Auto Insurance Partnership 

Coscharis Motors, AIICO, Tangerine, Seal Auto Insurance Partnership 

Coscharis Motors has signed a Memorandum of Understanding (MoU) with AIICO Insurance Plc and Tangerine Life as part of measures to incorporate insurance into its automobile sales.  Speaking at a joint news conference in Lagos, General Manager, Marketing a...
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Photo  News

Photo  News

L-R: Group Head, Digital Partnerships and Wealth Management, Tangerine, Mrs Luciana Ojeniyi; Lead, Retail Non-Life Business, AIICO, Mr Kehinde Adeniyi; Head, Partnership & Alliance, AIICO, Mr Piyush Srivastava; General Manager, Marketing and Corporate Comm...
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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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AIICO Insurance Declares N45.5b Gross Premium In Six Months 

AIICO Insurance Declares N45.5b Gross Premium In Six Months 

For the first half of 2022, AIICO Insurance Plc has declared Gross Written Premium (GWP) of N45.5 billion.  The company’s unaudited report showed that the GWP increased by 21.4 per cent compared with the N37.481billion recorded in the corresponding peri...
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Insurance Industry Generates N508b Premium In 2021, Pays N224b Claims

Insurance Industry Generates N508b Premium In 2021, Pays N224b Claims

The Chairman, Nigerian Insurers Association (NIA), Mr Ganiyu Musa, on Tuesday said the insurance industry generated N508 billion Gross Premium in 2021, out of which N224 billion was paid as claims. Musa, who said this at a news briefing in...
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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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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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