Monday, September 8, 2025
29.1 C
Lagos

Consolidated Hallmark Insurance Plans Micro-Life Firm in 2020

Consolidated Hallmark Insurance Plc plans to float a micro-life insurance subsidiary in early 2020 once it receives the operating licence it is expecting from the National Insurance Commission (NAICOM).

Mr. Obinna Ekezie, the Chairman of Consolidated Hallmark Insurance Plc said at the company’s Extra-Ordinary General Meeting (EGM) that the underwriter is eagerly awaiting the green light on the project from the industry regulator.

L-R: Layi Fatona, Director, Consolidated Hallmark Insurance Plc; Mary Adeyanju, Executive Director- Operations; Mr. Babatunde Daramola, Executive Director; Mr. Eddie Efekoha, Managing Director/CEO; Mr. Obinna Ekezie, Chairman, and Company Secretary, Mrs. Rukevwe Falana, during Consolidated Hallmark Insurance Extra-Ordinary General Meeting in Lagos.

Ekezie told shareholders at the EGM: “I am also delighted to inform you that we are on the verge of being granted an operational license by the National Insurance Commission to operate a micro-life insurance subsidiary. Statutory deposit and licence application fee have been paid to the Central bank of Nigeria and NAICOM respectively. The anticipated commencement date of full operations by this subsidiary is early in the new year.”

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

Royal Exchange: N11bn Premium Drop in 9 Months, N356m Loss in Qtr 3

Royal Exchange Plc has reported N11 billion drop in...

Nigerian wins Young Innovators Competition at ITU Telecom World 2015

A Nigerian, Ogbonnaya Bassey has been announced as one of the winners of the Single Board Challenge in the ITU Telecom World 2015 Young Innovators competition sponsored by Intel. The winning entries, which were selected from 124 applications across 34 countries, will see Bassey attend the Telecom World 2015 event, a global ICT innovation platform for government, corporates and SMEs holding from Monday, October 12 to Thursday, October 15 in Budapest, Hungary.

Chinese Firm Flags-Off Production of Meters in Nigeria

A Chinese firm, Golden Horse Company Limited, has commenced the manufacture of electric meters in Nigeria following the approval of its application by the National Electricity Regulatory Commission (NERC). This was stated in Abuja by Mr. Mathew Uwaekwe, the National Co-ordinator, Nigeria-China Business Council. He said the company has since commenced production of the meters, and expressed the confidence that jobs will not only be created but that it would save the country millions in foreign exchange that could have been used for the importation of meters.

NIGERIA in 2017: Experts Project Roadmap for Growth

The NIGERIA in 2017 Special Report is designed to...

SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive Feedback

SUNU Assurances Nigeria Plc, a leading insurance company and...

Online Voting Commences for Nominees of the Nigerian Healthcare Excellence Award 2024

The Nigerian Healthcare Excellence Award 2024 (NHEA) has officially...

Local Bourse Extends Losses into 2nd Consecutive Session

In today’s session, sustained sell pressures amidst weak investor...

IATA, FIATA Unveil New Air Cargo Program

The International Air Transport Association (IATA) and the International...
spot_img

Related Articles

Popular Categories

spot_imgspot_img