Insurance Subscribe to Insurance

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 »

FBN Life Completes Acquisition of 71.2% Stake of Oasis Insurance

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- FBN Life Assurance Limited has completed the acquisition of 71.2 percent stake in insurance firm Oasis Insurance Plc. This is contained in an announcement… Read more »

Presidency, police insurance, bank charges to gulp N556m

The Presidency, ministries of Agriculture and Rural Development and Finance, as well as police formations and commands, among others, are to spend the sum of N555.98m on financial expenses such… Read more »

SEC pushes US insurers for details on ‘captives’: WSJ

The U.S. securities regulator has asked life insurers to disclose the potential cost of forcibly winding down in-house insurance units known as ‘captives,’ whose business model has come under regulatory… Read more »

Linkage Assurance Appoints Deputy Managing Director

By InvestAdvocate Lagos (INVESTADVOCATE)-Linkage Assurance Plc Friday announced it has appointed Pius Apere a new Deputy Managing Director (DMD) to replace Aniola Durosinmi who recently resigned from the Company. Education… Read more »

Law Union pays N1.55bn claims

Law Union Insurance Plc says the claims it paid to its policyholders rose by 22.8 per cent from N1.27bn in 2011 to N1.558bn in the 2012 financial period. The Managing… Read more »

17 insurance disputes were resolved in Q1-NAICOM

The National Insurance Commission has said that  its customer complaint bureau resolved a total of 17 disputes involving policyholders and insurance companies in the first quarter of 2012. According to… Read more »

70% of vehicles have fake insurance certificates- NAICOM

Over 70 per cent of vehicles on Nigerian roads carry fake motor insurance certificates, the National Insurance Commission has said. The Commissioner for Insurance, Mr. Fola Daniel, disclosed this to… Read more »