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03 April 2012, Sweetcrude, LAGOS – Prof. Joe Irukwu, an insurance expert, has called on insurance operators to take advantage of the local content law and participate actively in the oil and gas sector. Irukwu who said this in Lagos regretted that the level of discipline on the part of insurance operators...

Rosemary Onuoha 05 January 2012, Sweetcrude, LAGOS – After the enactment of the Nigeria’s Local Content Act in April 2010, there were expectations...

Rosemary Onuoha 4 October 2011, Sweetcrude, Lagos- Loss adjusters in the insurance industry have hailed the Local Content Policy of the federal government,...

4 October 2011, Sweetcrude, Lagos- Mr. Debo Ajayi is the Managing Director & Actuary serving Middle East Africa & South Asia of Milliman Actuaries...

The National Insurance Commission (NAICOM) has called on insurance practitioners to be professionals and shun all action that will give operators in the sector negative perception. Mr. Fola Daniel, the Commissioner for Insurance (CFI) who made this assertion noted that insurers’ words must be their bonds and they must not under any guise fail to meet genuine claim settlement. In...

Former Director General of Nigeria Insurers Association Mr. Ezekiel Chiejina has asked underwriters in the insurance industry to do a lot of reinsurance in special risk business if they wish to play big in the oil and gas sector. Also underwriters should ensure that they enter into reinsurance treaty with competent reinsurance outfits. Chiejina who stated this in Lagos,...

Rosesmary Onuoha In the face of man-made disasters such as road accidents across the country, collapse of buildings etc, Nigerians have been admonished to imbibe insurance culture to cushion the devastating effect of losses arising from such calamities. This advice is coming on the heels of the various incessant cases of fire outbreak and the ravaging floods in some...

Favour Nnabugwu STACO Insurance Plc has joined forces with Saramus Consulting and John Tschohl Service Quality Institute in United States of America to train her workforce to offer quality and exceptional services to her numerous customers first time and every time. Mr. Sakiru Oyefeso, Managing Director of the company while briefing the company staff on the training...

Rosemary Onuoha “The on-going efforts of the Federal Government to rehabilitate former militants in the Niger Delta are commendable and all hands must be on deck to ensure that the efforts of the government in this regard are not in vain”. Managing Director of Leadway Assurance Company Limited, Mr. Oye Hassan-Odukale, who made the assertion, noted that the previous...

Favour Nnabugwu Africa Reinsurance Corporation (Africa Re) has again increased it capital to $300million to consolidate the firm’s capital base. Mr Musa AL NAAS, Chairman of the Board of Directors told the shareholders that that the Corporation has called for the increase of its authorized capital from $100 million to $300 million, by the distribution US$1 million bonus...