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Sunday, January 17, 2021
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CATEGORY

Insurance Hub

Sovereign Trust Insurance Maintains A- Rating with GCR

For over a decade now, Sovereign Trust Insurance Plc has consistently maintained a confident A- rating with the international rating agency, Global Credit Rating,...

Listed Insurers Record Premium Growth Despite Covid-19 Headwinds

Nigerian listed insurers have continued to expand their underwriting portfolios even amid the coronavirus crisis and a difficult business environment as premium growth accelerated...

DF Holdings Buys N555.2m Worth of AIICO Insurance Shares

DF Holdings Limited, currently a majority shareholder in AIICO Insurance has purchased a further 474.6 million new shares at N1.17 per share. The total outlays...

AXA Mansard is Nigeria’s Largest Listed Insurer by Profit

AXA Mansard Insurance has added another superlative to its feathers as it becomes the largest listed insurer by profit even amid a low yield...

International Energy, Africa Alliance Ripe for Takeover as Bankruptcy Looms

It is easier for the camel to pass through the eye of the needle than for some insurers who are reeling from huge losses...

Solvency Ratios for Lasaco Assurance Remain Strong at 140%

Lasaco Assurance Plc continues to be well capitalized relative to risk taken even amid a low yield environment and the coronavirus Pandemic as the...

Coronavirus, Low Yields Reveal Insurance Industry Haves and Have-Nots

Nigeria’s insurance industry penetration is one of the lowest in the world, as only 1 percent of a population of 200 million have any...

Virus, EndSars Woes Hit Nigerian Insurers Facing Surging Claims Expense

The largest listed insurers in Africa’s largest economy are facing mounting obligations to policyholders brought on by the destruction of properties during the EndSARs...

AXA Mansard Insurance Increases Share Capital to N18bn

Shareholders of AXA Mansard Insurance Plc have approved the increase of its share capital to N18 billion, at the Extra Ordinary General Meeting of...

Niger Insurance Records N5.15bn Loss as Combined Ratio hits 1,071 Percent  

Niger Insurance Plc has posted a net loss of N5.15 billion to end the 2019 financial year, no thanks to a sharp drop in...

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