AlhajiMuhammed Kari, Commissioner for Insurance, National Insurance Commission (NAICOM).
…Many insurance companies face hostile merger, acquisition
After its failed attempts to categorise insurance companies in Nigeria based on their share capitalizations, National Insurance Commission (NAICOM) has come up with a hybrid minimum share capital policy for insurance and reinsurance companies in Nigeria.
Mrs. Yetunde Ilori, DG, NIA.
Determined to eradicate incidence of fake motor insurance policy in Nigeria, the umbrella body of insurance companies in the country, the Nigerian Insurers Association (NIA) has ruled that insurance companies that failed to upload motor policies on the Nigerian Insurance Industry Database (NIID) are to paybN20,000 fine on behalf of motorists caught by the digital camera installed by the Lagos State Vehicle Inspection Service (VIS).
Managing Director/Chief Executive of the Corporation, Umaru Ibrahim.
Chairman, House of Representatives Committee on Insurance and Actuarial Matters Hon. Olufemi Fakeye has urged the Nigeria Deposit Insurance (NDIC) to be more pro-active in detecting and addressing distress in banks as a way of sustaining public confidence in the system.
….Launches micro pension plan
SUNDAY ODE, Abuja
President Muhammadu Buhari Thursday in Abuja said the dignity of public servants, who worked tirelessly and sacrificed for the greatness of Nigeria, would be restored, assuring that the Federal Government will rev up the process of sanitizing the pensions system.
The Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Mr. Olaotan Soyinka.
The stage is set for the 7th edition of the Sovereign Trust Insurance Plc Open Golf Tournament in the ancient city of Ibadan, Oyo State. The event is scheduled to hold from March 22 – 24, 2019, at the Ibadan Golf Club, Onireke Reservation Area, Ibadan, Oyo State.
Executive Director, Leadway Assurance Company Limited, Adetola Adegbayi .
The Executive Director, Leadway Assurance Company Limited, Adetola Adegbayi has charged Nigerians to subscribe to Term Life Assurance product, saying, ‘people should form the habit of buying what they cannot save, through term assurance policy.’
The Federal High Court sitting in Abuja has given an order restraining the National Insurance Commission (NAICOM) from its purported suspension of Guinea Insurance Plc from writing new insurance businesses.
Head of Corporate Communications & Brand Management, Mr. Segun Bankole .
Sovereign Trust Insurance Plc has continued to affirm its commitment and capacity to honour all genuine claims as and when due. The company, in the last year settled claims totaling N4,243,642,157.36 (four billion, two hundred and forty-three million, six hundred and forty-two thousand, one hundred and fifty-seven-naira, thirty-six kobo) to various insured spread across the country.
NEM Insurance Plc as the Group Managing Director and chief Executive Officer is Mr. Tope Smart.
NEM Insurance Plc a leading insurance group in Nigeria announced that Advanced Finance and Investment Group (AFIG Funds), a leading African private equity fund manager has, through AFIG Fund II, completed an investment in the Company, by acquiring 29.9 per cent of the Company’s shares from some existing shareholders of the Company.
Group Managing Director and chief executive officer of Leadway Assurance Mr Oye Hassan Odukale .
…Holds training for media practitioners
Leadway Assurance Limited said that it intends to maintain its leading position in the Nigeria’s insurance industry fronting its services unique selling point.