Insurance

Consolidated opens N1bn rights October 16th

Ihesiulo Grace 1 October 2017 0

….As Q2 losses weaken expectations Shareholders of Consolidated Hallmark Insurance wishing to take their rights have reason to approach their stockbrokers for the rights’ documents, which the company has said will open on October 16th. This was coming as losses recorded by the

Insurance

African Prudential, Axa Mansard top gainers’ list

Ihesiulo Grace 1 October 2017 0

Investment opportunities and the high liquidity nature of equities have continued to endear the shares of African Prudential Insurance Plc and that of Axa Mansard Plc to investors. For example, for the week ended 29th September, 2017, the two companies, commanded high gains on their equity prices as sound reward on price growth as key […]

Insurance

Cornerstone Insurance targets more clients with 1 month free policy

Ihesiulo Grace 25 September 2017 0

Cornerstone Insurance Plc is poised to boot its accounts from the free insurance offering to clients, expected to pay for eleven months and receive cover for 12 months. The company is offering its customers a free one month cover on motor insurance policy for their loyalty and patronage. According to the company, “Our auto product […]

Insurance

Linkage Assurance:  New product offers SMEs’ sustainability

Ihesiulo Grace 25 September 2017 0

Linkage Assurance Plc, has assured added contribution to the development of the nation’ s economy with enhanced protection of the Small and Medium Scale Enterprises (SMEs). The company’s rising imprint in the real sector is hinged on aiding small and medium enterprises, SMEs, to operate their enterprises at reduced exposure and higher returns. Managing Director, […]

Insurance

Royal Exchange to raise fresh fund from capital market

Ihesiulo Grace 25 September 2017 0

 Royal Exchange Nigeria Plc has given assurance of sustaining value creation to its shareholders with recommencement of dividend payment starting with the prevailing financial year 2017. Chairman of the company, Mr. Kenneth Odogwu disclosed this on Thursday, in Lagos, at The  Nigerian Stock Exchange (NSE) during the presentation of facts behind the figures to market […]

Insurance

NAICOM: Why we delay new licenses

Ihesiulo Grace 25 September 2017 0

The Nigerian insurance regulatory body, National Insurance Commission, NAICOM, has said that emphasis should be placed  on consolidating  existing insurance firms and enhancing professionalism through training and retraining, as  against issuing new operating licenses for new entrants. The Commissioner for Insurance, Alhaji Mohammed Kari, said these recently that the

Analysis Headlines Insurance Nigeria

Review of Pension Reform Act 2014: Reversing a working system?

Ihesiulo Grace 25 September 2017 0

New Bill seeks exclusion of Customs, Immigration, EFCC, others from Act If Nigeria’s pensions landscape was a Google Search bar and one had the opportunity to enter any given year before 2004, the results would have been easily organisable on a neat continuum ranging from confusion to an abject mess. The rules were a spaghetti-like […]

Business Insurance

Insurance firm commences FIZZY, flight delay compensation policy

Ihesiulo Grace 24 September 2017 0

AXA Insurance has commenced Fizzy, a new solution of retail insurance that automatically compensates customers for flight delays over two hours. Fizzy is a fresh new genre in insurance that offers direct, automatic compensation to policyholders whose flights are delayed. When you buy flight delay insurance on the Fizzy platform, AXA records the purchase in […]

Insurance

Nigeria signifies willingness to rejoin Africa trade insurance

Ihesiulo Grace 18 September 2017 0

Nigeria has issued reassurance notice of the country’s willingness to rejoin Africa trade insurance to attract benefits’ embedded in the trade protection agency. Consideration to this effect was recently given by the Federal Executive Council, FEC, at its meeting in Abuja, Minister of Finance, Mrs. Kemi Adeosun revealed recently. She said, ‘“FEC approved for Nigeria […]

Insurance

Stakeholders expect higher margins as Law Union& Rock consolidates board

Ihesiulo Grace 18 September 2017 0

Shareholders of Law Union and Rock Insurance Plc have expressed expectations of increased net earnings from the company, as the firm strengthens its board for hyper performance. Some of the shareholders, who spoke to Daily Times Nigeria, following the appointment of Mr. Olasupo Sogelola, the company’s new Executive Director, (operations/technical), said that Sogolola is

Insurance

NAICOM, EFCC partner to combat fraud

Ihesiulo Grace 18 September 2017 0

AS EFCC worried about insurance-related frauds The Commissioner for Insurance, National Insurance Commission of Nigeria (NAICOM), Mohammed Kari, has approached the Acting Chairman of the Economic and Financial Crimes Commission (EFCC) , Ibrahim Magu for strategy to combat fraud in the Insurance sector. Kari said that NAICOM, as a regulator, does not have powers to […]

Insurance

Experts call for inclusive economy via innovative banking, insurance products

Ihesiulo Grace 11 September 2017 0

Cross-section o experts have called for increased penetrartion of insurance products to hard-to- reach areas in order to effectively achieve the Federal Government’s target at achieving inclusive financial services’ delivery goal. At the center for Financial Journalism (CFJ) parley at the weekend in Lagos, themed: “Deepening financial inclusion, role of financial

Capital Market Insurance

Pension: LASACO settles N1.063 bn legacy funds

Ihesiulo Grace 8 September 2017 0

Insurance and financial services listed company, LASACO Assurance Plc has settled a N1.063 billion Pension Legacy Funds in its custody, in compliance with the directive of the Federal Government, through the Pension Transitional Arrangement Directorate (PTAD). The company paid the sum to PTAD as a final settlement of the funds meant for pensions of 6 […]

Insurance

NHIs’ implementation should focus on poor people – NACA DG

Ihesiulo Grace 4 September 2017 0

Nigeria needs to go back to the drawing board on implementation of the National Health Insurance Scheme (NHIS), in order to be able to retool the populist insurance scheme to care for vulnerable poor. The Director of the National Agency for the Control of AIDS, NACA, Mr. Sani Aliyu, who said this recently, expressed worry […]

Business Insurance

Massive mergers loom in insurance sector

Ihesiulo Grace 4 September 2017 0

… As Prudential acquires major stake in Zenith Life Drastic actions are being considered to be taken against the “no-serious insurance companies”, which might result in further mergers and acquisitions as witnessed at the post-2003 insurance reform. This revelation is coming on the heels of recent findings which indicate that the insurance sector accounted for […]

Insurance

Occupiers’ liability Insurance boosts security of life, property….AIICO retail

Ihesiulo Grace 4 September 2017 0

One of the strategies to enhance continence of living and comfort has been identified as taking occupiers’ liability insurance policy. This disclosure was made by Head of Retail Sales at AIICO Insurance, Taofik Ayeni, at a training organised for members of the Capital Market Correspondents’ Association of Nigeria, CAMCAN, in Lagos at the weekend. The […]

Insurance

Gemrock ‘ll participate in our offering …..Standard Alliance

Ihesiulo Grace 4 September 2017 0

Gemrock Management Co Limited, a related party to Standard Alliance Insurance Plc., currently controlling 28 per cent holding in the company, will participate in its forth coming capital raising process, in order to further enhance its control of the company’s management. Though, Gemrock, with 28 per cent equity holdings in Standard Alliance, currently controls higher […]

Insurance

NDIC trains Ghanaians on financial stability

Ihesiulo Grace 4 September 2017 0

In line with Africa’s systems and business integrations, Nigerian Deposit Insurance Corporation (NDIC) has committed to training g its Ghanaian counterpart from the Ghana Deposit Protection Corporation (GDPC), further aimed at achieving financial system stability. The NDIC in a statement signed by Hadi Birchi, said the training modules that were designed for the five-day

Insurance

Royal Exchange total net claims drops by 10 % in H1 2017

Ihesiulo Grace 28 August 2017 0

….As Profit rises by 19% Royal Exchange Insurance Plc has recorded a 10 per cent drop in net claims for the period ended June 30 2017. This was contained in the company’s first half 2017 result released recently by the Nigerian Stock Exchange. The result, which showed growth in key indices, just as challenges persist […]

Insurance

NEM Insurance explains drop in investment, gross earnings

Ihesiulo Grace 28 August 2017 0

NEM insurance plc, has explained that its decrease in gross earnings for the 2016 financial year was due to merger of its Ghana operations. The company’s Chairman, Dr. Fidelis Ayebae , revealed during his company’s 47th Annual General Meeting held in Ibadan, Oyo State. He said that following the directive of the National Insurance Commission, […]