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International Energy Insurance Seeks Buyer to Meet NAICOM Recapitalisation Requirements
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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
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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
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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
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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...
NEM Insurance Reports 26.50 % Growth in Premium to N10.01 billion
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NEM Insurance Plc has reported a 26.50 percent rise in gross premiums written (GPW) to N10.01 billion for the first quarter of 2021, as well as an improvement in underwriting...
FBN Insurance: Rare Gem Acquired by Sanlam is Nigeria’s Most Efficient Insurer
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Navigating the macroeconomic headwinds is a herculean task for insurance companies.
Because they are part of the financial ecosystem, that means they are susceptible to...
AIICO Emerges as Largest Listed Insurer by Revenue
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AIICO Insurance Plc has emerged as the largest insurer by revenue in Africa’s largest economy even amid the unfavorable underwriting environment and the coronavirus...
Custodian Investment’s Favorable Combined Ratio Validates Efficient Underwriting Capacity
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Custodian Investment Plc has earned more in revenue than it has paid out as claims even amid an unfavorable underwriting environment, a stellar performance...
AIICO Insurance Returns to Underwriting Profit Despite Mounting Claims
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AIICO Insurance Plc has reported underwriting profit of N27.69 billion for the first quarter of 2021 against a loss of N131.02 million in the...
Insurers Groan as N66.62bn Negative Underwriting Results Beckon
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At first glance for the financial statement of the largest insurance companies, one would think they are profitable.
But strip out investment income from the...