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SAHAM Finances S. A., the insurance arm of the SAHAM group, has made entrance into the Nigerian insurance industry through the purchase by its wholly owned Mauritian operating company (Colina Holdings Ltd.) of 40 per cent of the issued shares in UNITRUST Insurance Company Limited.
With total written premiums of N3.3 billion in 2013, Unitrust Insurance Company Limited is one of the major players in the Nigerian non-life insurance.

Despite the challenging operating environment occasioned by decayed infrastructure, spate of insecurity masterminded by the activities of Boko Haram in the north East region of the country, low insurance penetration and dismal contribution to the national gross domestic product,  report has it that Nigeria’s insurance market leads growth opportunity in Sub Saharan Africa.

MR. FOLA DANIEL                 NATIONAL INSURANCE COMMISSION
CHIEF (DR) OLADELE FAJEMIROKUN        AIICO INSURANCE PLC
MR. WOLE OSHIN                CUSTODIAN & ALLIED INSURANCE PLC
AGUGUOH ELIZABERTH
AIICO INSURANCE PLC
EDWIN IGBITI                 AIICO     INSURANCE PLC
LAWUNMI IDOWU                                NIGERIAN INSURANCE ASSOCIATION
OGUNLEYE OLUSEGUN
GLANVILLS ENTHOVEN INS. BROKERS LTD
DEBAKIN M.A                                 DENOS INSURANCE BROKERS LIMITED
ANLEHIN KAZEEM                        COMPETENT INS. BROKERS LIMITED
WILSON OKOH ESENE               ROYAL EXCHANGE ASSURANCE PLC
DR REMI ALO                            SOLID INVESTMENT LIMITED
KENNEDY EHIESO                              CHAMPION NEWSPAPERS LIMITED
BOLA OLU                                       VEEPEE COMPANY
AMBALIU ADE                               GIF INSURANCE BROKERS LIMITED
IMO. O. IMO                                   LINKAGE ASSURANCE PLC
FASHORANTI  OLAJUMOKE             CHAMPION NEWSPAPERS  LIMITED
SIR UCHE IHEAKANWA
OIL AND GAS
JOSIAH GN
AIICO  INSURANCE PLC
YEMI JAIYEOLA                                   DUKES INSURANCE BROKERS LIMITED
ROSEMARY ONUOHA                        VANGUARD
BARR. B.O FATOGUN
BOOF AFRICA BROKERS LIMITED
MORIIF APAMPA
AIICO  INSURANCE PLC
ADEGBOYEGA O. ISSACS                   NIGERIAN  AGRIC INS. CORPORATION
TUNDE ODEYEMI                                STACO INSURANCE PLC
DAMOLA ADEOYE                               NTDC
EDWIN IGBAKUI                                  CHUDUAK
OLUCHI IGBOKUI                                CHUDUAK
TOLA SOTADE                                 ZENITH INSURANCE LIMITED
ROYAL UCHENUNU                       REFERENCE NIGERIA
OMOBOLA TOLU KUSINO
THE NATION NEWSPAPERS
UGO ONUOHA                               ANTHONY VILLAGE
LANLEHIN KAZEEM
COMPETENT INS. BROKERS LIMITED
LOLA OGEDENGBE            NCRIB
LUKEMAN ADELEYE            NCRIB
DAVIS IYASERE                NIGERIAN INSURERS ASSOCIATION
SUNDAY ADEOYE                NSIA INSURANCE LIMITED
ADEBAYO OLADELE
NSIA INSURANCE LIMITED
OBDU BEN                ALEAN INSURANCE BROKERS LIMITED
HENRIETTA ANYANNA            NIGERIAN NATIONAL BUREAU
GERALDINE EBHOTEMEN        NIGERIAN NATIONAL BUREAU
SSEYI ONABANJO                GABSON BACKUP SERVICES LIMITED
IKE UGWUADU
TECHNICAL INS. BROKERS LIMITED
CHINYERE ELELE                NEWS AGENCY OF NIGERIA
CHIEMEKA IWUOHA            CHAMPION NEWSPAPERS LIMITED
MIKE OMEIKE                NICON INSURANCE PLC
MRS. IJEOMA ENEKWA            UPBOND CONSULTANTS LIMITED
MR. J. O. DADA                JODAD INTERNATIONAL LOSS ADJUSTERS
ERIC OSAFOR                CORNERSTONE INSURANCE PLC
FASHORANTI TUNDE            BSSFTARD TRAVEL
LEKAN AGBAJE                BSSFTARD TRAVEL
OKAFOR DONS                OGTER INSURANCE BROKERS LIMITED
ADEWAKUN (MRS)                STERLING ASSURANCE LIMITED
ANNETTE CHIOMA IBE            NIGERIAN TOURISM DEVT CORPORATION
PASCHAL EGERUE                MAINSTREET INS. BROKERS LIMITED
BOLAJOKO BUKOLA             THE NATION NEWSPAPER

CHRIS EBONG

Mansard Insurance Plc has announced that it has concluded plans to acquire a 60 percent stake in Pension Fund Administrator (PFA), Penman Pensions Limited.
Contained in a notice to the Nigerian Stock Exchange (NSE), the company said that 60 percent stake is from the issued and paid up share capital of Penman Pensions and it intends to run and operate the PFA as its subsidiary in the Pension Industry.

Nigeria’s 2015 growth projections has been revised downwards to 5.2 percent from 6.4 per cent as a result of the dwindling price of crude oil in the international market.
Fitch Ratings, a global rating agency pointed out that Nigeria and some other oil producing countries in the region would face worsening current account and fiscal balances next year.

Despite the continued harsh economic climate under which businesses operated in the 2013 business year, Standard Alliance Insurance Plc, one of the nation’s frontline underwriting companies, has reported a gross premium income of N3.78bn just as it has paid out N1.07bn in claims to its genuine affected policyholders.
This information formed part of the report the Chairman, Alh. Yahaya Sa’ad, gave to the company’s owners during its 18th Annual General Meeting held in Lagos last week Tuesday.

International Data Corporation (IDC) has hosted the IDC FutureScape, providing organizations with insight and perspective on long-term industry trends along with new themes that may be on the horizon. This is coming from the group’s Worldwide Big Data and Analytics 2015 Predictions web conference which held early this week.
The web conference series and accompanying IDC FutureScape reports are designed to help company leaders capitalize on emerging market opportunities and plan for future growth.

Storeis by Chris Ebong

The National Insurance Commission (NAICOM), the insurance industry regulator in Nigeria has highlighted the factors that impeded the success Market Development and Restructuring Initiative (MDRI) initiated by the Commission to open up the insurance market growth through the enforcement of Compulsory Insurances.

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