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AXA Mansard is Nigeria’s Largest Listed Insurer by Profit
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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
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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%
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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
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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
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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
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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 Â
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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...
NAICOM Issues New Insurance Licenses to Five Companies
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Industry regulator, the National Insurance Commission (NAICOM) today handed over five new operational insurance licenses to four insurance companies and one reinsurance company.
The insurance...
Auditors Cast Doubt on International Energy Insurance Existence
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The auditors of International Energy Insurance have warned that the existence of a material uncertainty may cast significant doubt on the company’s ability to...
 AIICO Insurance to Hold Annual General Meeting Dec 08
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The 50th Annual General Meeting (AGM) of AIICO Insurance Plc will be held on Tuesday, December 8, 2020 at Radisson Blu Hotel, 38-40 Isaac...