NAICOM: Seven Additional Insurers Have Met Recapitalisation Deadline

 

  • emPLE General Insurance Limited
  • emPLE Life Assurance Limited
  • Sovereign Trust Insurance Plc
  • Tangerine Life Insurance Limited
  • Alliance & General Insurance Plc
  • Guinea Insurance Plc
  • Regency Alliance Insurance Plc

With this development, forty-eight (48) insurance companies and two (2) reinsurance companies have been confirmed and verified as compliant with the Minimum Capital Requirements stipulated under NIIRA 2025 and applicable insurance laws and guidelines issued by the Commission, thereby bringing the Nigerian insurance industry recapitalisation exercise to a successful conclusion.

Hot this week

Stanbic IBTC Reinforces Capital Markets Leadership Through Dangote Refinery IPO

Stanbic IBTC Holdings Plc has reinforced its position as...

CBN Bags NES Distinguished Organisation Award for Economic Reforms

The Central Bank of Nigeria (CBN) has received the...

Leadway Assurance Backs ISSP Initiative to Deepen Insurance Penetration, Consumer Trust

Leadway Assurance, Nigeria’s leading insurance services provider and a...

RMB Nigeria Advises on BOI’s N274.18bn Domestic Bond Issuance

L-R: Head, Debts Capital Markets, RMB Nigeria, Laju Atake;...

LG Electronics Highlights Seven Home Appliances at IFA 2026

As routines and lifestyles evolve across Europe, consumers are...

Topics

Senate to Empower AMCON for Better Operations

L-R: Executive Directors, Asset Management Corporation of Nigeria (AMCON),...

NCC to Partner ATCON on National Digital Infrastructure Development

KEYNOTE ADDRESS BY DR. AMINU MAIDA, EXECUTIVE VICE-CHAIRMAN OF...

17 Insurance Firms Await June 30 NAICOM Deadline

A total of 17 insurance companies are racing to secure approval of their 2014 annual accounts by the industry regulator, National Insurance Commission (NAICOM) by the close of work on Tuesday, June 30, 2015. Already, 23 operators have received NAICOM approval on their account. Click here to make lazy tweet

Global Wealth Rose to $250 Trn in 2020 Despite Covid-19 Pandemic

Global financial wealth reached an all-time high of $250...

Stanbic IBTC Retains AAA, F1+ Fitch National Ratings

According to a recent report by Fitch Ratings, a...

NAICOM Committed to Insurance Development in Nigeria

Mr. O.S. Thomas Commissioner for Insurance NAICOM Mr. O.S. Thomas, the Commissioner...