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Insurance Hub

Prestige Assurance Proposes 2 for 11 Bonus to Shareholders

Prestige Assurance Plc, an Insurance firm listed on the Nigerian Stock Exchange (NSE), is proposing Bonus shares in the ratio of 2 new shares...

Cornerstone Insurance Returns to Profit as Claims Expense Mounts

Cornerstone Insurance Nigeria Plc returned to profit in March, driven by realized gains on foreign exchange, but obligation to policy holders are mounting, raising...

Wapic Insurance’s Sticky Expense ratio Should Alarm Investors

Wapic Insurance Nigeria Plc is spending more in acquiring, underwriting, and servicing premium income, raising concerns about the underwriters’ cost control mechanism. For instance, expense...

Leadway remains Nigeria’s most profitable insurer despite economic downturn

Leadway Assurance Limited showed it is still the most profitable and efficient insurer in Nigeria and met obligations to policy makers despite stuttering economic...

Exchange differences on Deawoo loan sinks Sunu Assurance

A foreign exchange translation difference on Deawoo loans help tipped Sunu Assurance Nigeria Plc into a loss position even though the insurer recorded strong...

Insider Dealing: AIICO Insurance CEO Purchases 2.4 million Shares

The Managing Director and CEO of AIICO Insurance, Babatunde Fajemirokun has purchased 2,473,095 shares of the firm in what could be bullish bets that...

Niger Insurance Moves Board meeting to June 10

Niger Insurance Plc has written to the Nigerian Stock Exchange (NSE) to inform it, shareholders and other stakeholders of a revised Board meeting date. The...

NEM Insurance reports 16.34 percent premium growth as profits surge

NEM Insurance Nigeria Plc has significantly grown its underwriting book in the first-quarter of the year, reporting 16.34  growth in Gross premiums written as...

NAICOM may ask for extraordinary solvency tests due to Coronavirus -PWC

Tax and audit firm Pricewatercoopers has warned that there could be possibility of regulators asking for extraordinary solvency tests to ensure insurers in Africa’s...

AxA Mansard surmounts headwinds as profit margin surges

Despite the current market conditions and global macroeconomic uncertainties stoked by the coronavirus pandemic, AXA Mansard Insurance Plc has been able to bolster profit...

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