F’Y 2020: AXA Mansard records N4.54bn profit after tax

OBINNA EZUGWU AXA Mansard Insurance Plc has declared N4.54 billion profit after tax in its audited report for financial year 2020. The figure represents 56 percent...

NEM Insurance leads industry in PAT growth in FY 2020

Adebayo Obajemu Linkage Assurance emerge top in profit margin Prestige Assurance sets pace in dividend pay out Performance of insurance firms in year 2020 was quite...
Universal Insurance Plc

Universal Insurance grows Gross Premium Written to N3.378bn in FY’2020

Adebayo Obajemu The unaudited financial report of Universal Insurance Plc for the full Year ended December 31st, 2020 revealed a growth in Gross Premium Written...
Ebunolu Ayeni, International Energy Insurance Acting MD.

International Energy Insurance appoints Ebunolu Ayeni acting MD/CEO

International Energy Insurance has announced the appointment of Mr Ebunolu Ayeni as its new acting Managing Director, following the retirement of his predecessor, Mr...
Prudential Zenith Life Assurance

Prudential Zenith Life exceeds NAICOM’S recapitalisation deadline

Prudential Zenith Life Insurance has raised its authorised share capital to N5bn, surpassing the new minimum capital requirement of N4bn by December 31st, 2020...
AIICO Insurance

AIICO Insurance extends qualification date for bonus issues

Following the Federal Government’s announcement of a public holiday on the said December 28, 2020, AIICO Insurance Plc has notified the shareholders that the...
NEM Insurance Plc

NEM Insurance targets N10.71bn Gross Written Premium in Q1 2021

Adebayo Obajemu NEM Insurance has said it is targeting to achieve N10.71bn Gross Written Premium for the first quarter of 2021. Its projection for profit before tax...
Niger Insurance House

Niger Insurance declares N311.43m loss in Q2 2020

Niger Insurance Plc has declared a loss of N311.43 million in Q2 2020, down by -1,173.2% Year-on-Year, from a profit of N29.02 million recorded...
Tony Elumelu

Elumelu floats insurance companies

Chairman of Heirs Holdings and the United Bank for Africa, Mr. Tony Elumelu has announced the floating of new insurance companies, Heirs Insurance Limited...