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Insurance Hub

Improved Underwriting Performance Returns Royal Exchange to Profit in H1

Royal Exchange Plc has returned to the path of profitability, thanks to savings and efficiencies across insurance businesses that are expected to help drive...

Wapic Insurance Changes Name to Coronation Insurance Plc

As part of the resolutions passed at its 61st Annual General meeting, Wapic Insurance name will be changed to “CORONATION INSURANCE PLC”. The Memorandum and...

Loss Making Royal Exchange Won’t Pay Shareholders Dividend

Royal Exchange has been recording recurring loses, which means shareholders will not be paid dividend because the such payment is usually made out of...

NEM Insurance Posts N2.84bn in Underwriting Profit as Combined Ratio Improves

NEM Insurance Plc is receiving premium income more than it is paying out as claims, as the insurer has been recording underwriting profit in...

Standard Alliance Pain Worsens on 90.84 percent Profit Plunge

Standard Alliance Plc reported a 98.49 percent slump in profit, worsening the pains of an insurer that is struggling with recurring deteriorating revenue. For the...

LASACO Assurance Profits up 5% in H1 on FX Revaluation Gains

LASACO Assurance Plc a composite Insurer has reported a 5 percent increase in profits for the half year (H1) period from January to June...

Cornerstone Insurance Profit Surges on Investment Income

Cornerstone Insurance Plc deployed money in fixed income securities, an asset allocation policy that yielded fruit as investment income added impetus to profit, but...

Prestige Assurance N6.8bn Rights Issue Opens for Subscription

Prestige Assurance rights issue of 13,635,796,006 Ordinary Shares of 50 Kobo Each at 50 Kobo Per Share has opened to investors for subscription. The Insurer...

Nigerian Insurers Suffer Poor Valuations Relative to Peers – Afrinvest

Nigerian listed insurers suffer poor valuations relative to peers in Sub Saharan African (SSA), which validates investor apathy towards stocks as return on investment...

Goldlink Insurance Auditors say Material Uncertainty Jeopardizes Insurers’ Future

KPMG professional Services, a global accounting and  firm,  have said there is material uncertainty that may cast a doubt over Godlink Insurance Plc ability...

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