News

AIICO Insurance refutes ‘misleading’ allegations of breach of contract

Ihesiulo Grace 3 June 2023 0

BY PETER FOWOYO The Management of AIICO Insurance Plc., has refuted a recent report in the media concerning a suit filed by a Lagos-based legal practitioner accusing the company of breach of contract. A statement issued by the Management urged the public to ignore the publication, stressing

Business

AIICO Insurance posts N88.3bn gross written premium

Ihesiulo Grace 6 February 2023 0

By Motolani Oseni AIICO Insurance Plc was able to pull N88.3 billion Gross Written Premium (GWP) from the risk businesses it underwrote in its full year ended December 31, 2022. The underwriting firm’s unaudited results for the fiscal year ended December 31, 2022 released on the Nigerian Exchange (NGX) Limited showed that gross written premium […]

Business

AIICO Insurance notifies NSE of N3.5bn proposed rights issue

Ihesiulo Grace 16 June 2020 0

AIICO Insurance Plc on Monday notified the Nigerian Stock Exchange (NSE) of a proposed N3.5billion rights issue. The Head, Listings Regulation, NSE, Godstime Iwenekhai in a statement said, “ Dealing Members are hereby notified that AIICO Insurance Plc has through its Joint Stockbrokers, Magnartis Finance and Investment Limited and Stanbic IBTC Stockbrokers Limited

Business

AIICO receives N5.3bn investment from LeapFrog

Ihesiulo Grace 11 February 2020 0

AIICO Insurance Plc has received an investment of N5.38 billion from LeapFrog and AIICO Bahamas. The amount was classified under deposit for shares in the company’s 2019 interim annual report published on the website of the Nigerian Stock Exchange (NSE). Deposit for shares represents amounts received by the company from its recent private placement, in […]

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

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