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Motorists, firms to pay more for insurance

January 28, 2016/Punch Nike Popoola The cost of procuring insurance cover for vehicles and corporate businesses will soon be reviewed upward by the Federal Government and operators in the underwriting… Read more »

50% of Insurance Firms on Sale Block

Over 50 per cent of licensed insurance firms in Nigeria are  believed to be on the sale block  currently as a result of lack of liquidity injection by their directors,… Read more »

Draft regulation threatens 60 insurance CEOs’ jobs

A new regulation being prepared by the National Insurance Commission may lead to the exit of at least 60 chief executive officers of insurance companies and brokerage firms, who have… Read more »

Mansard Insurance Acquires 60% Stake of Penman Pension

By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Mansard insurance Plc said on Monday it has completed the acquisition of a 60 percent stake of Penman Pensions Limited, according to the company in a notice… Read more »

Justice Adolphus Godwin Exits Regency Alliance Insurance

  By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Regency Alliance Insurance Plc on Thursday announced the resignation of Hon. Justice Adolphus Godwin as its board chairman, the company said in a notice to… Read more »

Old Mutual Eyes Nigeria, Kenya, Ghana Expansion with $386 Million

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s biggest insurer, Old Mutual Plc has said it’s eyeing expansion to Africa; especially Nigeria, Kenya and Ghana, according to a Bloomberg report. It said… Read more »

SON to Launch Product Liability Insurance in Q1 2015-DG

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Standard Organisation of Nigeria (SON) will in the first quarter (Q1) 2015 launch the product liability insurance to help ensure standard and protect consumers…. Read more »

STI to raise capital through rights issue

Sovereign Trust Insurance Plc (STI) is set to raise additional equity capital by offering one new ordinary share for every three ordinary shares of 50 kobo each. This according to… Read more »

Wapic Insurance Names Ifeyinwa Osime Non-ED; Board Members Now 10

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The board of directors of Wapic Insurance Plc on Friday said it has appointed Ifeyinwa Osime as independent non-executive director of the company. The insurance… Read more »

Prudential Sees Profit in Ghana by Fourth Year After Acquisition

Prudential Plc (PRU), the U.K.’s biggest insurer, said the Ghanaian life insurance business it acquired in December may become profitable after four years. Express Life Insurance Co., the Accra-based insurer… Read more »