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Miss Insurance empowers youths

THE 2012 Insurance Queen, Miss Onyeka Adigwe has empowered youths recently in her pet project theme Youth empowerment with officials of National Drug Law Enforcement Agency (NDLEA) held at CMS Grammar School, Bariga, Lagos.

Miss Insurance...

Standard Alliance boss bags awards

THE Group Chief Executive Officer of Standard Alliance Group, Olorogun  O’tega Emerhor  has  added more feathers to his cap as he was last week decorated with three awards at separate events in Lagos and Abuja for his...

STI adopts new business model, restructures operations

RISING from the joint Strategy Session between members of the Board of Directors and the Senior Management team of Sovereign Trust Insurance Plc held at the Southern Sun Hotel, Lagos, the underwriting firm has announced the re-modelling of its...

2012: How regulators fought indiscipline through strict enforcement of regulations

IT is time to put a halt to criminal breaches of insurance laws. The National Insurance Commission (NAICOM) will henceforth wield the stick and publicly too. Gone are the days of keeping sanctions of criminal breaches within the family. Laws are...

Uranta retires from Niger Insurance

DR. Justus Clinton Uranta has bowed out as the managing director of Niger Insurance Plc after 35 years of meritorious service in the insurance industry.

In view of the fact that the insurance company has a good succession plan, investigation...

Mutual Benefits announces N5.4b premium

NOTWITHSTANDING the hostile business environment, Mutual Benefits Assurance Plc has announced a gross premium income of N5.471 billion for the year ended December 31, 2011.

This represents an increase of 62 per cent over N3.368 billion recorded...

IEI send forth former boss

INTERNATIONAL Energy Insurance Plc, a leading underwriter holds a grand send forth for the former Group Managing Director, Mr. Ifie Sekibo in appreciation of his efforts in building IEI into an institution of high regard in the insurance...

CIIN strategises to produce more professionals for industry

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ADETIMIHINWe are conscious of the industry post consolidation challenges, which came with new and complex human capital needs. The challenges facing the industry today not only require a fresh impetus in human capital development, but also a renewed vigor...

IAA shareholders endorse new board

INVESTMENTS and Allied Assurance Plc (IAA) shareholders has inaugurated a new board of directors for the company after the old board was removed by the National Insurance Commission (NAICOM) in February 2011.

The board of directors, which has...

Standard Alliance records N4.77bn premium last year

STANDARD Alliance Insurance Plc has announced a gross premium income of N4.765 billion for the year ended December 31st 2011, as against N3.883 billion in 2010, representing an increase of 23 per cent.

Underwriting income also grew to N4.253...

IEI pays N990m claims in Q3

INTERNATIONAL Energy Insurance Plc has delivered on its promise to pay claims to its insured clients promptly.

The company has paid out N990m on claims settlement between the first and third quarter of 2012 .

This singular act epitomises the...

Insurers support enforcement of ‘no premium no cover’ rule

UNDERWRITING companies and insurance brokers operating in the nation’s insurance industry, apparently not ready to incur the wrath of the regulators, are in full support of the enforcement of ‘no premium no cover’ rule in underwriting...

Insurers invest in climate change mitigation

A new study highlights positive signs that the insurance industry is making more of an effort to manage climate change-related risks. With weather and climate-related losses doubling every decade since the 1980s, insurers have been spurred into...

Mutual Benefits holds AGM

MUTUAL Benefits Assurance Plc will hold its 16th yearly general meeting on Thursday December 27, 2012 at 11 am. The venue of the event is the Grand Ball Room, Eko Hotel & Suite, Adetokunbo Ademola Street, Victoria Island Lagos.

The AGM is another...

SA Insurance partners Veda on laptops for corpers

STANDARD Alliance Insurance Plc has entered into a partnership with Veda Technologies to provide cover for all lap tops which the information technology company has earmarked for the National Youth Service Corps’ members.

The company’s Group...

Cornerstone Insurance donates to flood victims

UNDERWRITING firm, Cornerstone Insurance Plc in collaboration with Red Cross Society of Nigeria (Rivers State Chapter) last week donated relief materials to flood victims in Ohiauga town to assist them cope in their present challenges.

Ohiauga, a...

Insurer tasks govt on floods, other disasters

TO effectively mitigate losses arising from human and natural disasters, governments have been urged to put in place insurance schemes and other processes that would protect the citizens against disasters currently prevalent in the country.

The...