Insurance Archives — Page 3 of 4

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...

July 24, 2021 No Responses

Universal Insurance, Oando Top Gainers’ Table As Market Capitalisation Recover N43b

Transactions on the Nigerian Exchange improved further by 0.21 per cent on Friday. Specifically, the All-Share Index which opened at 38,585.52 inched higher by 82.38 points or 0.21 per cent to close at 38,667.90. Also, the market capitalisation rose by...

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...

June 8, 2021 No Responses

Edo Plans New Airport, Threatens To Withdraw Insurance FC From NNL

By citybusinessnews@yahoo.com — The Edo State Governor, Mr. Godwin Obaseki is in talks with investors, development partners and other stakeholders on the construction of an airport in Edo North Senatorial District to open up the area and rev up economic...

May 7, 2021 No Responses

Heritage Bank Partners Road Transport Workers On Insurance Scheme For Travelers

Heritage Bank in partnership with the Road Transport Employee’s Association of Nigeria (RTEAN) has launched the Travelers’ Accident Insurance Scheme (TAIS) to assist road accident victims across the country.The scheme aims to address deaths associa...

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...

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...

September 28, 2020 No Responses

Bankers Institute Re-Certifies NDIC Academy

The Nigeria Deposit Insurance Corporation (NDIC) Academy has been re-certified and its accreditation renewed as a training service provider for various professionals in the banking industry for the next three years. A statement by Mr Sunday Oluyemi, the Direct...

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...

August 22, 2020 No Responses

FBN Insurance Unveils Payment Channels

FBN Insurance Limited has launched new digital platforms that enable its customers to pay their premiums timely with ease amidst the social distancing order. Chief Executive Officer, Val Ojumah, in a statement, explained that the company’s payment channels...

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...

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...

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...

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...