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.
Tag: National Insurance Commission
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, NAICOM shifts insurance recapitalisation deadline
The National Insurance Commission (NAICOM) has extended the deadline of recapitalisation for the insurance market.
Cornerstone Insurance in consolidation talk with two underwriting firms
Cornerstone Insurance Plc is planning to consolidate with some insurance companies ahead of the recapitalization deadline set by NAICOM.
Universal Insurance obtains approval to raise capital
The management of Universal Insurance Plc has received approval to raise cash as the deadline for recapitalisation approaches.
Recapitalisation: Capital Express Holdings to sell foreign assets
The GMD of Capital Express Holdings, Yinka Obalade, has announced that the company would be selling some of its operations in Africa.
Insurance Penetration: Coronation urges regulators to embrace tech
Coronation Research has urged NCC and CBN to use the existing technology platforms to boost the growth and acceptance of insurance ...
Consolidated Hallmark to raise N4.5 billion through rights issue
Consolidated Hallmark Insurance Plc has secured the approval of its shareholders to raise additional capital through a rights issue.
44 firms get NAICOM’s nod on recapitalisation
The number of insurance firms that have secured no objection from NAICOM to go ahead with their recapitalisation plan is presently 44.
