The plan to increase NEM Insurance's issued share capital has long been in the works.
Today, Prestige Assurance predominantly provides accident and health insurance products and services.
Company’s shareholders now have the opportunity to increase their stake and position themselves for higher returns.
AIICO's gross written premiums for FY 2019 also increased by 33% to N50.1 billion last year
National Insurance Commission (NAICOM) recently directed all insurance firms in the country to recapitalise.
AIICO's shareholders had earlier voted in favour of a plan to raise additional capital through rights issue.
In our view, we think the decision to extend the deadline is reasonable under current circumstances. The coronavirus pandemic has ravaged global economic and financial systems...
In the meantime, the insurance companies are expected to meet at least half of the capital requirements by the end of 2020. The final deadline to...
Zenith Insurance is one of Nigeria’s leading insurance institutions. The company is one of the first insurance companies to have met the recapitalisation requirements of the...
There are indications that NAICOM will extend the deadline for the recapitalisation of insurance and reinsurance companies for the second time.