Insurance Archives - Page 2 of 18 - Business Journal

The Management of Sovereign Trust Insurance Plc has announced the opening of the company’s Rights Issue for existing Shareholders. The Rights Issue commenced on Monday, June 24, 2019, and will run through July 31, 2019. The company is offering 4,170,411,648 (Four Billion, one hundred and seventy million, four hundred and eleven thousand, six hundred and

Linkage Assurance Plc says it will take advantage of opportunities in the economy and expected stability to grow its portfolio for increased shareholder value, while focusing on profitability, customer intimacy and operational efficiency. Chief Joshua Fumudoh, Chairman of the company made the disclosure at its 25thAnnual General Meeting held in Lagos. Fumudoh who reviewed the

The insurance industry in Nigeria has collectively launched ‘Live With Freedom’ project, a marketing campaign to showcase the advancements made in the insurance sector, and to encourage more Nigerians to take up insurance policies. The core objective of the project is to redefine narratives about insurance in Nigeria and present insurance as an indispensable &

The National Pension Commission (PenCom) has concluded plans to hold the 2019 Pre-Retirement workshops for staff of Ministries, Departments and Agencies (MDAs) who are due to retire between January and December 2020. The workshop is designed to educate the prospective retirees on the modalities for accessing retirement benefits under the Contributory Pension Scheme (CPS) and

On July 1, 2014 the Pension Reform Act 2014 or “the Act” was enacted into law commencing from July 1, 2014. The Act, which repealed the Pension Reform Act No 2 of 2004, governs and regulates the administration of the Contributory Pension Scheme in Nigeria. The Act confers on workers certain legal rights, some of which will be discussed here. The Black’s law dictionary defines

Committed to ensuring that its customers get the best of attention and are able to resolve their complaints without going through many protocols, Linkage Assurance Plc has strengthened its Customer Service Centre. The service centre, which has been equipped with state-of-the-art technological infrastructure and more trained personnel will ensure that customers have unrestricted access to

Consolidated Hallmark Insurance (CHI) Plc has reported total assets of N10. 8 billion in the financial year ended December 31, 2018, representing an increase of 14 percent from N9.4 billion achieved in the same period of 2017. Mr. Obinna Ekezie, the Chairman of CHI Plc said at the 24th Annual General Meeting (AGM) of the

Chief executives of insurance companies and shareholder groups have condemned the National Insurance Commission (NAICOM) for increasing the capital base of life insurance companies to N8 billion; N10 billion for general insurers and N18 billion for composite firms. And for reinsurance firms, the new capital level is N20 billion. Two days ago, NAICOM announced the

Mr. Daniel Braie, Managing Director and Chief Executive Officer of Linkage Assurance Plc has been named among Top 25 CEOs whose companies impacted positively on investors on the Nigerian Stock Exchange (NSE) in the 2018 financial year. The Top 25 CEOs & Next Bulls Awards organised by Business Day Media Limited in partnership with the Nigerian

Despite the challenging economic environment that characterized operations of most businesses in the country in 2018 and the seeming lull in the insurance sector in the year, Sovereign Trust Insurance Plc has once again put up a brilliant performance in the year under review when compared with the company’s performance in 2017. The Managing Director

Old Mutual, has launched its 2 in 1 Savings Plan for customers in Nigeria, especially young professionals and families. With a minimum monthly contribution of N5,000, customers can save up funds for a period of five or ten years to fund their future financial goals. The plan also gives the customer the opportunity to access

President Muhammadu Buhari launched the Micro Pension Plan yesterday in Abuja, ably supported by Mrs. Aisha Dahir-Umar, Acting Director-General, National Pension Commission (PenCom). The event was witnessed by various relevant associations and trade groups in the country to herald the emergence of a pension plan for Nigerians working in the informal sector of the economy.

Mr. O.S. Thomas, Deputy Commissioner (Technical), National Insurance Commission (NAICOM) says the adoption and effective implementation of the International Financial Reporting Standards (IFRS 9) will ultimately enhance transparency in financial transactions in the insurance industry in Nigeria. Thomas said in Lagos that the Commission has already issued a guideline on IFRS 9 to operators in