AIICO Insurance Plc (??the Company?”) is pleased to announce the appointment of Mr. Babatunde Fajemirokun as the ?SManaging Director/Chief Executive Officer?? with effect from August 14, 2019.This appointment has been approved by the National Insurance Commission. Prior to this appointment, Mr. Edwin Igbiti was the Managing Director/Chief Executive Officer of the Company. He retired on […]
FBN Holdings, a Nigerian financial group, sold its entire stake of 65% in FBN Insurance, to Sanlam Emerging Markets. The latter previously held 35% of the Nigerian company. This operation enables the South African insurer to take full ownership of FBN Insurance and its subsidiary FBN General Insurance. The amount of the transaction was not […]
The National Insurance Commission (NAICOM) has unveiled a new capital model for the insurance industry in Nigeria effective from January 1, 2019. The new risk-based capital structure is divided into three tiers depending on the risk appetite and capital capacity of each operator. Under the new capitalisation structure, life insurance firms need a capital level […]
Désolé, cet article est seulement disponible en Anglais Américain. Pour le confort de l’utilisateur, le contenu est affiché ci-dessous dans une autre langue. Vous pouvez cliquer le lien pour changer de langue active. Having met all legal and regulatory requirements, Equity Assurance Plc has notified the general public that its name has officially changed to […]
La troisième édition de la NEWSLETTER/BULLETIN de l’OAA vient de paraître. Cette édition met l’accent sur les réalisations d’une icône de l’industrie de l’assurance Africaine, Rajni Varia, qui a récemment remporté l’édition inaugurale du Vanguard Market Development Award, créé par la International Insurance Society, IIS. Selon le comité des distinctions honorifiques d’IIS, le prix reconnaît […]
Mr. Tope Smart, Chairman, Nigerian Insurers Association (NIA) has lamented that only about one (1) percent of Nigerians have any form of insurance policy despite the country’s huge population of 180 million. Smart, who is also the Group Managing Director/CEO of NEM Insurance Plc, said at his investiture: In Nigeria, it is rather sad to […]
Press Release 16th September 2019 Douala, Cameroon Mr. Ntukamazina Jean Baptiste takes over as Secretary General of the African Insurance Organisation, AIO. Mr. Ntukamazina Jean Baptiste has taken up duties as the new Secretary General of the African Insurance Organisation, AIO. He was appointed recently by the AIO?”s General Assembly during the 46th Conference […]
Andrew Gwodock, Managing Director of the country?”s lone reinsurance company, Société Commerciale Gabonaise de Réassurance (SCG-Ré) has been elected at the head of the Gabonese Federation of Insurance Companies (Fegasa) for a two year mandate. He succeeds the General Manager of Saham Assurance Gabon, Youssef Ben Abdallah.
Kenya Reinsurance is willing to expand its business area and conquer new markets. The objective is to increase its revenues which are threatened by local and international competition. The target markets are mainly North Africa, the Middle East and Asia. New regional offices could also be opened in existing countries. The creation of State-owned reinsurance […]
Waica Re, le réassureur sierra léonais qui s’est récemment doté d’une structure de groupe, envisage de porter son capital social de 64 millions USD à 100 millions USD. Cette opération, réalisée en six tranches, permettra à Waica Re de renforcer ses fonds propres. Le réassureur pourra ainsi se positionner sur les grands risques notamment ceux […]
