By Asishana John Pension operators in Nigeria constrained economy are beginning a 12-month hunt for additional N4 billion in new capital after a review by regulators raised minimum regulatory capital to N5 billion from the current N1 billion level. The…
By Asishana John AIICO Insurance recorded a 19 per cent decline in its profit after tax in the frst quarter of 2021 compared to the amount recorded during the same period last year. The fall comes despite the insurer recording…
By Asishana John Sovereign Trust Insurance has improved its profit after tax, for the first quarter of 2021 by 43 percent. This was contained in the financial statement made available on the Nigerian Exchange Limited (NGX). According to the financial…
By Asishana John Willus Tower Watson has revealed that global investment in the insurtech sector rebounded from its COVID-19 related slowdown a year ago to hit a new quarterly high of $2.55 billion in the first quarter of 2021. According…
By Asishana John The Director-General, Lagos State Pension Commission, Mr Babalola Obilana, has said the state government paid over N1bn to retirees in April. He disclosed this while delivering a speech at the retirement bond certificates presentation ceremony to the…
By Asishana John Commitment to pushing technological boundaries towards meeting the needs of clients whilst ensuring data privacy has been described by the management of Stanbic IBTC Pension managers as one of its priority and non-negotiable. Head, benefit administration and…
By Asishana John AXA Mansard Pensions has finally given way to Tangerine Pension Limited in a name change that many industry watchers long expected after the latter’s acquisition by Verod Capital through its controlled vehicle, Eustacia Limited. Approval for the…
By Asishana John NICON Insurance Limited has refuted recent media reports which alleged that the company has been summoned by the Senate over failure to remit N17.4billion to the Pension Transitional Arrangement Directorate (PTAD). NICON in a statement said it…
By Asishana John Fitch Ratings has said as underwriter reported substantially higher segment claims losses in 2020 compared to the years before, property and casualty insurers that write cyber coverage face increasing profit pressure, especially with increasing premium rate and…
By Asishana John Some experts in the insurance industry have commended the National Insurance Commission (NAICOM) for the cancellation of the operational license of UNIC Insurance Plc. The insurance experts, who spoke in Abuja on Wednesday, said the commission acted…
