Insurance

Sovereign Trust: Net premium peaks at N2.8bn H1 2017

Ihesiulo Grace 28 August 2017 0

. As gross premium peaks at 6.1bn in 2017 H1 Sovereign Trust Insurance Plc has grown its net premium and other key performance measuring indices in the first half of 2017. According to the result, released recently by the capital market regulator, net premium income rose to N2.8billion in the

Insurance

Aiico’s annuity guarantees safe financial management…Ayeni

Ihesiulo Grace 28 August 2017 0

Insurance has been described as tool that helps people achieve their financial planning initiatives as well as attain a high degree efficient risk management and safety. This was disclosed at a day’s training of capital market financial journalists by the American International Insurance Company (AIICO) Plc in Lagos, as Nigerians were urged to deploy insurance […]

Insurance

AIICO, WAPIC, NEM, others lead sector’s turnover

Ihesiulo Grace 21 August 2017 0

Increasing interest in insurance stocks continue to pervade insurance stocks seen as generating value for investors, as depicted in equities transaction for the week ended Friday, 18th August, 2017. The equities market report published by the Nigerian Stock Exchange (NSE) for the week, showed that out of the total insurance sector’s turnover of 31,188,819 million […]

Insurance

Continental Re, Prestige Assurance lead top’s week’s gainers

Ihesiulo Grace 21 August 2017 0

Continental Re –Insurance plc and Prestige Assurance Plc for the week ended Friday 18th August 2017 demonstrated commitment of insurance stocks in returning value to investors through piece appreciation emerging as top gainers for the week. Continental Reinsurance emerged as the second highest gainer among all stocks listed in the equities segment of the Nigerian […]

Insurance

Expectations as PenCom’s new chairman, DG. others resume work

Ihesiulo Grace 20 August 2017 0

Stakeholders target N8trn pension fund on IST anniversary Baring any hitch, the newly appointed heads of the Nigerian Pension Commission (PenCom) will assume office, going by a recent directive from the presidency. This was coming as stakeholders have opined that the newly appointed heads of the most capitalized indigenous investors in Nigeria, would market their […]

Insurance

Linkage tops week’s gainers’ list

Ihesiulo Grace 14 August 2017 0

. Prestige, GNIC, law Union, 3 others file result Linkage Assurance Plc has emerged highest price gainers in the sector during the week,becoming the third highest price gainers among all the equities listed on the Nigerian Stock Exchange (NSE) For the week ended Friday, 11TH August, 2017, Linkage Assurance gained 27.12 per cent or N0.6, […]

Insurance

Wapic, AIICO, Axa-Mansard, others boost sector’s turnover

Ihesiulo Grace 14 August 2017 0

Activities in four top ranking insurance companies lifted the sectors turnover gr the week ended, Friday,11th August, 2017. The insurance sector, during the week, pulled a turnover of 19,206,684 million shares valued at N18,139,051.03m, in total of 551 deals. Four insurance companies comprising of Wapic Insurance, AIICO, Axa, Mansard and NEM Insurance lifted the sectors

Insurance

Insurance firms charged on opportunities in sector

Ihesiulo Grace 14 August 2017 0

The insurance sector in Nigeria has been urged to end the continued dialogue on prevailing opportunities inherent in the country; and actualize the opportunities that the industry provides for local and global investors, Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah made the call recently in Abuja, at the 2017 National Insurance Conference organized

Insurance

Axa Mansard Insurance restarts annuity business

Ihesiulo Grace 14 August 2017 0

Annuitants and diversified clients seeking for greater value in insurance annuity have cause to opt for optimized service delivery, as Axa- Mansard Insurance Plc, has recommenced sale of Annuities. AXA Mansard Insurance Plc revealed to Daily Times Nigeria that it has recommenced the sale of Annuities nationwide in line with the joint guidelines released by […]

Insurance

Linkage emerges top insurance gainer for the week

Ihesiulo Grace 7 August 2017 0

Linkage Insurance Plc for the week ended Friday 4th August ,2017 emerged the top gainer insurance company for the week. The company also emerged the third highest gainer in the overall market transaction for the week with 27.12 per cent gain in its equity price recorded during the five days trading of the week. Linkage […]

Insurance

Regency: Kingibe becomes new chairman

Ihesiulo Grace 7 August 2017 0

Regency Alliance has announced the appointment of Ambassador Baba Gana Kingibe as the new chairman of the company. The company, in a statement signed by Anu Shobo, the company’s secretary published by the Nigeria Stock Exchange (NSE), said that the appointment was in compliance with keeping with the rules of the NSE. ‘”We wish to […]

Insurance

Great Nigeria Insurance posts N475.19m loss in 2016

Ihesiulo Grace 7 August 2017 0

….Records PAT growth in Q12017 Great Nigeria Insurance Plc for the week, ended Friday, August 04, 2017, filled its 2016 audited financial statement and first quarter 2017 unaudited financial statements with the Nigerian stock Exchange (NSE). The result for the first 2016 financial year ended 31 December,2016 recently published by the NSE, showed that gross […]

Insurance

Shareholders laud NAICOM for ending yearly insurance brokers’ licensing

Ihesiulo Grace 7 August 2017 0

Cross-section of shareholders in insurance companies have commended the National Insurance Commission (NAICOM) for ending annual payment of insurance fees by insurers. The commendation was reached at the Niger Insurance Plc’s Annual General Meeting (AGM), which held in Lagos recently. The firm’s shareholders said that stoppage of the yearly due, would not only

Insurance

Law Union & Rock Q2 records 14% boost in opex to N1.03bn

Ihesiulo Grace 7 August 2017 0

Law Union and Rock Insurance plc has rekindled hope in its shareholders with growth growth opportunities recorded in its Q2 2017 second quarter 2017 result, even as its operating expenses soared by about 14 per cent. The company’s unaudited financial statement for the period ended 30th June, 2017, recently released showed that total other operating […]

Insurance

Wapic Introduces “Smart” Product to Boost Nigerians Savings Culture

Ihesiulo Grace 2 August 2017 0

Wapic Insurance Plc has introduced a “smart” product insurance policy aimed at boosting the savings culture of Nigerians. According to The Managing Director of Wapic Insurance, Mrs Yinka Adekoya, the product basically gives one the chance of efficiently amassing reserves, towards meeting commitments and carrying a life cover. “So, this implies that for

Insurance

NSE receives 11 Insurance companies’ Q2 results in 5 days

Ihesiulo Grace 31 July 2017 0

The Nigerian Stock Exchange (NSE) for the week ended Friday, 28 July, 2017, received the unaudited second quarter results of 500 companies; out of which the insurance sector constitute 11 per cent of the results filed. The companies that filed their Q2 results for the period ended 30th June, 2017, are AIICO Insurance Plc, Unity […]

Insurance

Staco seeks enhanced earnings from retail business

Ihesiulo Grace 31 July 2017 0

In the bid to enhance earnings and take insurance to greater number of the uninsured, Staco Insurance Plc has committed to grow its retail insurance targeting the micro segments. The company revealed this recently, during its Annual General Meeting (AGM), when the board assured shareholders of its commitment to enlarge its retail insurance aspect of […]

Insurance

CIIN: New President lauds past presidents

Ihesiulo Grace 31 July 2017 0

….assures on completion of secretariat The newly inducted 48th President of the Chartered Insurance Institute of Nigeria (CIIN) Fumilayo Babinghton Ashaye has assured that her tenure would ensure further development of professionalism in the insurance industry. Ashaye, who succeeded the immediate past President, Lady Isioma Chukwuma, gave glowing tributes to the past CIIN

Insurance

Niger Insurance: Concern over shareholders’ stampede at AGM

Ihesiulo Grace 31 July 2017 0

The recent stampede by shareholders of the Niger Insurance Plc at its 47th Annual General Meeting (AGM) at the Sheraton Hotel, Lagos, last Friday, has re-echoed need for the regulators to beam their search light on organization of company meetings. Large number of shareholders of the company, having voted for audit committee members, could not […]

Insurance

Continental-Re, Niger Insurance lift overall market turnover by 9.8%

Ihesiulo Grace 23 July 2017 0

. As Insurance sector maintains positive 8% y/y ROI The Nigerian insurance sector for the week ended 21 July, 2017, maintained positive year- on- year growth, just as increased trading in the sector during the week lifted the overall volume of stocks traded on the Nigerian Stock Exchange (NSE). Continental Reinsurance Plc which traded at […]