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Wednesday, June 23, 2021
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Insurance Hub

Mutual Benefit Assurance Squeezed by N4.71bn Fair Value Loss on Assets

Mutual Benefit Assurance Plc posted a huge net loss to start the year even as it maintained operating efficiency, no thanks to net fair...

Life Segment Contributes 67.60 % to Industry Premium Income in 2020

The Life Insurance segment remains the lifeblood of the industry, with a share of total gross premium written at 67.60 percent, according to a latest report...

There are Only Six Big Insurers in Nigeria

The insurance industry is dominated by the big six insurers-Leadway Assurance Limited, AIICO Insurance Plc, Custodian Investment Plc, FBN Insurance Limited, NEM Insurance Plc,...

Deals : Heirs can Buy These 4 Insurance Companies for Inorganic Growth

The launch of two insurers by Heirs Holdings Group could spur mergers and acquisition as there are a couple of companies that are up...

NEM Insurance plc: The New Poster Child of Insurance Industry

While the majority of insurers are reeling from unfavorable underwriting performance brought on by high inflationary pressures, devaluation, and the coronavirus induced uncertainties, NEM Insurance Plc...

Solvency Ratio for Leadway Assurance Remains Strong at 978%

Leadway Assurance Limited continues to be well capitalised relative to risks taken, maintaining comprehensive solvency ratios above 900 percent as at year end 2020. Despite...

International Energy Insurance Seeks Buyer to Meet NAICOM Recapitalisation Requirements

International Energy Insurance Company has notified its shareholders that it has obtained the approval of the National Insurance Commission (NAICOM) to engage a proposed...

Cornerstone Insurance Profit Surges on Improved Underwriting Performance

The underwriting performance of Cornerstone Insurance Plc has improved markedly, leading to a surge in first quarter profit as the insurer is redoubling efforts...

Leadway, AIICO, FBNInsurance, Custodian, AXA Mansard, NEM, are Economically Viable

A large number of insurers are economically efficient as their return on equity is keeping pace with cost. Specifically, Leadway Assurance, AIICO, FBN Insurance, Custodian...

Investors Pour Money into Small Cap Insurance Firms

Investors are rotating into small capitalised insurance stocks, helping them to emerge as the top performers so far in 2021. Led by Lasaco Assurance which...

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