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Deals Top N28.15bn for Insurers Amid Pandemic Rout
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Insurers hammered by the pandemic are turning to capital raisings to underpin their balance sheet as they race to see who will emerge strongest...
Coronation Insurance’s Profit Surges 254.26% on Reduced Cost, Investment Gains
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Coronation Insurance Plc’s net income surged 254.26 percent to N759.26 million for the fourth quarter of 2020, driven by share of profit in associate,...
Prestige Assurance Premium Income Jumps as Underwriting Business Volumes GrowÂ
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Despite the challenging conditions in the insurance industry in 2020, Prestige Assurance Plc was able to underwrite healthy business volumes that translated to earnings...
Niger Insurance Sells Significant Investment to Wipeout N6.19bn Accumulated Losses
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Last week, the board of directors of Niger Insurance announced they were planning to dispose of a significant investment-real estate and investment property- for...
NEM Insurance Plc: Rising Claims Expenses Undermines Profit
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NEM Insurance Plc in its recently released results for the period ended 30 September 2020, showed a marked drop in profitability due to spiraling...
Investors Rotate Into Insurance, Oil Stocks
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The Nigerian stock market enjoyed a sensational year in 2020 as the Nigerian stocks rallied despite a difficult year for the economy.
While investors await...
AIICO, Africa Alliance, Universal Insurance, More Vulnerable to Covid-19 Tsunami
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AIICO insurance Plc and its peer rivals will be hard hit by the ultra-low yield environment and the coronavirus pandemic expected to deal a...
Sovereign Trust Insurance Maintains A- Rating with GCR
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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
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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
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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...