The Industrial And General Insurance Plc (IGI) on Sunday said that the National Insurance Commission (NAICOM) had approved plans to convert part of its long-term assets to liquidity. Steve Ilo, Head, Corporate Communications of the company made this know in Lagos while speaking with correspondent . It said with the approval, IGI
The Nigerian Council of Registered Insurance Brokers (NCRIB) has appealed to the National Insurance Commission (NAICOM) to revisit the case of some of the 108 delisted broking firms as some of them made errors that are deliberate. Executive Secretary, Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro, who made the
In view of the significant increase in piracy in the waters surrounding West Africa, particularly Nigeria, UK P&I Club has canvassed for third party risk assessment prior to any voyages in the region as this may lead to increase in insurance claims. The maritime protection and indemnity insurance provider warned that
As the National Insurance Commission (NAICOM) is empowered by law to enforce Code of Ethics for insurance operators, the commission has threatened to criminalise its enforcement if such a code is not being strictly implemented by the industry. Commissioner for Insurance and Chief Executive of NAICOM, Mohammed Kari, stated at the
Standard Alliance Insurance plc (SA Insurance) recorded a gross premium income of N4.33billion in 2014 as again N3.78 billion achieved in 2013 despite the challenging macro-economic environment in the financial sector. The company’s Chairman, Brig. Gen. Dominic Oneya (rtd), who disclosed this to shareholders of the insurance outfit in Lagos on
The National Insurance Commission (NAICOM) has signed a Memorandum of Understanding (MoU) with some Anglophone countries to strengthen cross border insurance supervision in West African countries. The Commissioner for Insurance, NAICOM, Mr Mohammed Kari, at the signing on Thursday in Abuja, said the insurance supervision would be strengthened through information sharing
In this interview with Fola Daniel, Commissioner for Insurance and Chief Executive of National Insurance Commission (NAICOM), he argues that insurance thrives in a depressed economy, as well as charged the insurance operators to be more proactive, while insurance legislation in the country should be made flexible, among other issues.
The Board of Industrial and General Insurance Plc (IGI) has appointed Rotimi Fashola as the substantive Group Managing Director. He succeeds Remi Olowude, the company’s Executive Vice Chairman/Founder, who passed on last year. The board also named the erstwhile Executive Director, Special Risks, Sina Elusakin as Deputy Managing Director, while Mrs. Foluso Gbadamosi