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Insurance Hub

NIA To Commence Insurance Cover For Nigerians On Transit

The Nigerian Insurers Association (NIA) has said it is planning an accident insurance cover for Nigerians on transit in partnership with the Federal Government. The...

AXA Mansard Has Highest Dividend Yield in NGX All Share Index

An experienced equity income investor is aware that impulsively buying stocks with the highest dividend yield could be perilous. This is because stock prices and...

AXA Considering To Offload $2Billion Reinsurance Arm 

One of the world's top insurers AXA is planning to offload its property reinsurance business in a bid to cut its exposure to natural...

Insurers Rake in N151.09bn Gross Premium in First Quarter

The largest and most capitalised insurers Africa’s most populous nation generated a total of  N151.09 billion in gross premium written (GPW) in the first...

Coronation Insurance Posts First Loss in a Decade

Coronation Insurance Plc has posted its net loss in more than decade as it continues to spend more on operating expenses to generate premium...

Consolidated Hallmark Achieves 97.33% Combined Ratio Despite Unfavorable Underwriting Environment

Consolidated Hallmark Insurance Plc has recorded a combined ratio of roughly 97.33 percent for the first quarter of 2023, despite rising inflation, currency volatility,...

NEM Insurance Reports Highest Q1 Gross Premiums Written

Nem Insurance Plc has announced a 56.77 percent rise in gross premiums written (GPW) for the first quarter of 2023 to N19.91 billion from...

Nigerian Insurers’ Oil and Gas Premium Hits N72.63bn

There has been an improvement in the premium that insurers collect from oil and gas, but energy risks are being substantially insured abroad due...

NSIA Group Acquires Four Insurance Subsidiaries of SANLAM Group

NSIA Group, the parent body of NSIA Insurance Limited Nigeria, has made good its desire to strengthen its position in West Africa through the...

African Alliance Insurance is Technically Insolvent

Beleaguered African Alliance Insurance Plc cash flow is not sufficient to meet its long term liabilities, raising concerns about the going concern status of...

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