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Friday, March 29, 2024
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Regency Alliance Records Strong Earnings Amid Unfavorable Underwriting Environment

Regency Alliance Plc has reported a solid quarter of earnings for  Q1 2021, as it delivered 95.57 percent growth in profit, despite inflationary pressures, currency devaluation, and deteriorating consumer purchasing power. For...

Coronation Insurance Profit Surges on Investment Income

Coronation Insurance Plc materially relied on investments to boost returns as mounting obligations from policyholders led to a spiraling combined ratio. For the first three month through...

Veritas Kapital’s Restructuring Yields Fruit as Financial Conditions Improve

Veritas Kapital Assurance Plc is benefiting from the restructuring exercise initiated by management and board of directors a few years ago as the insurer’s financial...

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...

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