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INSURANCE
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| Saturday, July 04, 2009 HOME ABOUT US SUBSCRIBE MEMBERS CONTACT US |
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Insurers attribute growth in income to consolidation, awareness in industry
-020709
By Joshua Nse THE nation's insurance industry appears to be on the threshold of a new dawn, as the Nigerian Insurers Association (NIA) - the market umbrella for the underwriting companies - rolled out good performance indices of the industry since the consolidation exercise was concluded a year ago. AfricaRe records $20.6m profit, projects $500m capital base by 2015 -020709 From Abosede Musari, Abuja AFRICA Re, an organ of the African Union (AU), Africa Reinsurance Organisation, has announced a net profit of about $20.6 million in the fiscal year ended 2008 with a projection of $250 million fresh capital injection by 2011, and $500 million by 2015. Cornerstone Insurance posts N3.8b premium, N419m loss -020709 By Helen Oji CORNERSTONE Insurance Plc has declared a gross premium of N3.81billion for the financial year ended December 31,2008, as against N2. Union Assurance elevates staff -020709 UNION Assurance, an associate company of Union Bank, has announced the elevation of 26 employees to various positions in the company. The current promotion is the single highest promotion at a time in the history of the organisation and the widest in scope. Anchor Insurance takes awareness to grassroots -020709 THE Managing Director, Anchor Insurance Company Limited, Mr. Ademayowa Adeduro, said that the company plans to take insurance services closer to those at the grassroots. |
Law Union announces change in top management
-020709
THE board of Law Union and Rock has announced a change in its executive management following the exit of Mr. Olumide Falohun as managing director/chief executive. Crusader wins best sector leader award -020709 CRUSADER Nigeria Plc has won the best sector leader award in insurance and other financial institutions sector for the year 2008. The award was presented to the company last week by Financial Standard Newspaper at an impressive ceremony, which took place at the Eko Hotels & Suites, Victoria Island, Lagos. Oceanic, Aero delight customers with travel insurance scheme -020709 LEADING underwriting firm, Oceanic Insurance Group, has in conjunction with Aero, Nigeria’s oldest aviation company, introduced an online travel insurance scheme to address air travel challenges for its customers in Nigeria and Ghana. Crystalife Assurance takes stock of progress -020709 LEADING life specialist, Crystalife Assurance Company Limited, is living up to her position as a foremost life insurer. This is based on the company’s half-year status report presented last week. |
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