In order to meet the new capital base directed by the insurance market regulator, National Insurance Commission (NAICOM), AIICO Insurance Plc, is planning to raise funds....
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Cornerstone Insurance Plc has posted N11.5 billion Gross Premium Written (GPW) in 2018, boosting the sector’s financial performance.The Chairman, Segun Adebanji, who made the disclosure at the....
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The total assets of 58 Insurance Companies in the country have increased to N1.08 trillion with the figure expected to rise to about N1.2 trillion by the time all underwriting firms release their....
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Insurance stakeholders, comprising the Chartered Insurance Institute of Nigeria (CIIN), the Nigerian Council of Registered Insurance Brokers (NCRIB) and the Institute of Loss Adjusters of Nigeria (ILAN) have backed the insurance industry regulatory body over the....
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Nigeria’s National Insurance Commission has given insurers a 13-month ultimatum to recapitalise or lose their licences.
Chinedu Ezomike, Partner and Head of Commercial Practice Group at Andersen Tax Nigeria join CNBC Africa to discuss the implication of this development for the …
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Prestige Assurance Plc has appointed Dr. Adedoyin Rasag Salami and Funmi Oyetunji as Non-Executive Directors. The appointments have been approved by the National Insurance Commission (NAICOM).....
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FBNInsurance Limited, a member of the FBNHoldings Company associated with the Sanlam Group of South Africa, has appointed Moruf Apampa as its executive director, business development.
A statement by the company noted his appointment had been confirmed by National Insurance Commission (NAICOM)...
Goldlink Insurance Plc on Monday announced the sack of its Managing Director, Mrs Funke Moore by the National Insurance Commission (NAICOM) effective from January 18.
Mr Tobi Olaleye, Goldlink Insurance Company Secretary/Legal Adviser, stated this in a letter to the Nigerian Stock Exchange...
The National Insurance Commission (NAICOM) has canceled its proposed State Insurance Producer (SIP) policy, 11 days to the expected commencement date of the initiative, LEADERSHIP Sunday learned yesterday.
In a circular signed by the Director, Policy and Regulation, NAICOM, Mr. Agboola Pius...
The controversial recapitalisation exercise in insurance industry, tagged Tier Based Solvency Capital increase, initiated by the insurance industry regulator, the National Insurance Commission (NAICOM), has been cancelled. The commission officially announced the cancellation at the weekend...
The National Insurance Commission (NAICOM) has dissociated itself from a Ponzi scheme, which was recently ascribed to it and is currently trending on the social media.....
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National Insurance Commission (NAICOM) said it is yet to be served any court order restraining it from carrying out the ongoing Tier Based Minimum Solvency Capital policy in the industry.....
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Linkage Assurance Plc, is now ready to commence underwriting agriculture insurance after it secured the approval of the National Insurance Commission (NAICOM).
The ‘no objection’ nod would enable Linkage...
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Thirteen insurance companies are qualified to operate in the Tier 1 category as their capital bases exceed the regulatory limits set by the National Insurance Commission of Nigeria (NAICOM).
Experts are of the view that the introduction of the new rules will enable firms …
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Beginning from January 1, 2019, Nigerian underwriters are expected to conduct their businesses based on the strength of their capital base.
Disclosing this in Lagos....
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