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.
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.”
