Multiple Court Cases: Need For Recapitalisation Of Insurance Industry
The insurance industry had been enmeshed in series of crisis for several years. ZAKA KHALIQ writes on the need to ...
Tag: National Insurance Commission (NAICOM)
Recapitalisation: Court Stops NAICOM From Enforcing Deadline
By KUNLE OLASANMIÂ | A Federal High Court, sitting in the Lagos Division, has temporarily stopped the National Insurance Commission ...
NAICOM To Sanction Underwriting Firms With Huge Unpaid Claims
BY ZAKA KHALIQ, Lagos | The insurance industry regulator, the National Insurance Commission (NAICOM) is set to sanction underwriting firms ...
Recapitalisation Forces Insurance Firms To Offset Real Estate Properties
Many underwriting firms are currently selling off their real estate properties in a bid to increase their capital base to ...
NAICOM Approves New Directors For Standard Alliance Insurance Plc
The National Insurance Commission (NAICOM), Nigeria’s insurance regulator has approved the appointment of Haruna Mohammed and Uzoma Igbonwa, as the ...
Insurance Firms Exploring Equity Investment, Capital Market Window To Recapitalise
With June 30, 2020 deadline given to insurance and reinsurance firms to recapitalise fast approaching, insurers are already exploring equity ...
Total Assets Of Insurance Companies Hit N1.08trn
The total assets of 58 Insurance Companies in the country have increased to N1.08 trillion with the figure expected to ...
Union Shutdown NAICOM Over Breach Of Service Rules
The Association of Senior Civil Servants of Nigeria (ASCSN) has shut down the National Insurance Commission (NAICOM) over alleged breach ...
Recapitalisation ‘ll End Capital Flight, Retain Insurance Risks – NAICOM
By ZAKA ABD-KHALIQ, Lagos The Commissioner for Insurance, National Insurance Commission (NAICOM), Alhaji Mohammed Kari, has said that the ongoing ...
Insuring Lives Of 2.6m Nigerian Civil Servants
There is need for federal, states and private sector players to insure lives of their respective workers through group life ...
NAICOM Orders Insurance Firms To Train Directors On IFRS 9
The National Insurance Commission (NAICOM) has ordered insurance companies in the country to train their respective board of directors and ...
NAICOM Licenses Goxi Microinsurance Firm
The National Insurance Commission (NAICOM) has granted Microinsurance licence to Goxi Microinsurance Company, thus, becoming the pioneer standalone microinsurer in ...
Sovereign Trust Insurance To Raise N2.09bn Through Rights Issue
Sovereign Trust Insurance Plc has launched a process to raise N2.085 billion through rights issue as the company seeks to ...
NAICOM Confirms Braie As MD Of Linkage Assurance
The National Insurance Commission (NAICOM) has confirmed the appointment of Mr. Daniel Braie as the managing director/CEO of Linkage Assurance ...
‘Rate Cutting Threatens NAICOM’s N1trn Premium Target’
The National Insurance Commission (NAICOM) at the weekend cautioned insurance operators against rate cutting in 2019. The Deputy Commissioner for ...
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