Tag
NATIONAL INSURANCE COMMISSION
Company’s shareholders now have the opportunity to increase their stake and position themselves for higher returns.
Insurance is a support service to a business that helps it manage her risks. While, it helps the business to manage her risk, insurance also promises to bring the business back to the position it was if the risk insured crystallizes.
There are indications that NAICOM will extend the deadline for the recapitalisation of insurance and reinsurance companies for the second time.
Sovereign Trust Insurance Plc has blamed a supposed breakdown of its IT system for delaying the publication and release of its audited financial statement for FY 2019.
Aigboje Aig-Imoukhede, the chairman of WAPIC Insurance Plc has acquired more shares in the insurance firm.
Note that AXA Mansard Insurance Plc did not give any reason for the reason to divest from the said ventures.
AXA Mansard Insurance Plc is trying to downsize its business activities as part of efforts to review its growth strategy.
Six insurance companies have notified NAICOM of their plans to merge as part of their efforts in meeting up with the regulator’s recapitalisation requirements.
NAICOM disclosed yesterday that no single insurance company in the country has technically met the financial requirement it set forth.
The National Insurance Commission (NAICOM) has extended the deadline of recapitalisation for the insurance market.
Cornerstone Insurance Plc is planning to consolidate with some insurance companies ahead of the recapitalization deadline set by NAICOM.
The management of Universal Insurance Plc has received approval to raise cash as the deadline for recapitalisation approaches.