Wednesday, March 20, 2019
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Sovereign Trust Insurance hosts Open Golf Tournament

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.

Leadway Assurance HARPS ON BENEFITS OF Termed Life Assurance

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.’

Sovereign Trust Insurance pays N4.2bn claims in one year

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 boosts operation as AFIG Funds acquires 29.9% stake

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.

Leadway Assurance’s N300bn balance sheet drives service excellence

…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.

Leadway Assurance’s N300bn balance sheet drives service excellence

Group Managing Director and chief executive officer of Leadway Assurance Mr Oye Hassan Odukale will on Wednesday, January 23, 2019 flag off this year’s edition of the Leadway Assurance retreat for financial journalists.

NEM Insurance boosts operation as AFIG Funds acquires 29.9% stake

As part of efforts to ensure fake motor insurance policies were eliminated, the Nigeria Insurers Association (NIA) has implored insurance companies to upload all car Insurance policies on the Nigerian Insurance Industry Database (NIID).

PenCom set to launch micro pension plan

All is now set for the launching of Micro Pension Plan by the National Pension Commission (PenCom) this month. The planned initiative is expected to attract over 20 million workers and N3 trillion into the pension assets.

Insurance: Capital adequacy to moderate activities of companies in 2019

With the cancellation of the Tier Based Minimum Solvency Capital(TBMSC) framework by the National Insurance Commission(NAICOM) late in 2018, the capital base of the industry remains the same, meaning that, Non-Life Insurance Firms are to continue to operate with a minimum of N3 billion capitalisation ; Life Insurance Operators to maintain N2 billion and Composite Insurers are to maintain N5 billion minimum capital base, a base to which they will conduct their respective businesses in 2019.

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