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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 »

Insurance firms should leverage new media

The Nigerian insurance industry contributes a ‘whooping’ one per cent to the National GDP. What a contribution from an industry! The insurance gap today is 96 per cent. In other… Read more »

Old Mutual Sells Skandia Units as It Pares European Operations

Old Mutual Plc (OML), Africa’s biggest insurer, is selling its Skandia units in Germany and Austria for 220 million euros ($303 million) in cash. The two businesses, part of the… Read more »

Wapic Insurance Appoints Four New Directors

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Wapic Insurance Plc, Thursday announced the appointment of four (4) directors to its board. In a notice to the Nigerian stock exchange (NSE), Wapic said… Read more »

Oasis Insurance Appoints New Board Chairman

By InvestAdvocate Lagos (INVESTADVOCATE)-Oasis Insurance Plc has notified the Nigerian stock Exchange (NSE) that at the meeting of its Board of Directors held on February 21, 2014. Adenrele Tokunbo Kehinde… Read more »