NAICOM set to support firms unable to meet recap plan
NAICOM’s criticised-recapitalisation plan threatening to shut down some insurance companies after December 2020
Tag: NAICOM
News and stories about NAICOM
Nigerian farmers get N6.5 billion insurance cover
About N6.5 billion worth of insurance coverage has been provided for farmers across the country, courtesy of NIRSAL.
AXA Mansard divests from its pension and real estate ventures
Note that AXA Mansard Insurance Plc did not give any reason for the reason to divest from the said ventures.
Analysis: AIICO Insurance, who is buying?
A visit to AIICO Insurance Plc's website homepage reveals a vividly depicted 'Buy Now" phrase. Underneath these words are captivating ...
LASACO’s MD talks on private placement, public offer plans to raise N18billion
The Managing Director of LASACO Assurance Plc, Segun Balogun, said the company is capable of meeting NAICOM's new capital base, ...
AXA Mansard to downsize business, awaits shareholders’ nod
AXA Mansard Insurance Plc is trying to downsize its business activities as part of efforts to review its growth strategy.
Insurance: Recapitalisation exercise sets consolidation in motion
Six insurance companies have notified NAICOM of their plans to merge as part of their efforts in meeting up with ...
Due to lack of ‘process’, NAICOM says no insurance firm has met recapitalisation requirement
NAICOM disclosed yesterday that no single insurance company in the country has technically met the financial requirement it set forth.
Again, Mutual Benefits Assurance boss picks holes in NAICOM’s recapitalisation process
The Chairman of Mutual Benefits Assurance Plc, Akin Ogunbiyi, has taken another swipe at the recapitalisation plan of NAICOM.
CHI receives NAICOM’s approval to establish micro insurance
Consolidated Hallmark Insurance has taken steps to increase its footprint in the insurance market in Nigeria after it received a ...
