Category: Insurance & Pension

NAICOM, PENCOM Sets To Issue New Rules On Annuity Operations

Commissioner for Insurance, Mohammed Kari Advertisement Both National Insurance Commission (NAICOM )and National Pension Commission (PenCom) are set to release the new modalities that they have being puting together documents of harmonization of pension and insurance regulatory operations over the months will regulate the provision of life annuity for retirees under the Contributory Pension Scheme. Amehnews recall…

Consolidated Hallmark Insurance splashes N120m dividend on its shareholders 

 The Consolidated Hallmark Insurance Plc. Advertisement The management of the Consolidated Hallmark Insurance Plc. presented  N120 million as cash dividends for financial year ended 31st December, 2016 before its esteem shareholders for approval. The said dividend was approved at firms annual general meeting held today in Lagos, would be paid to the shareholders whose names…

Media Group Decries Attempt to Smear Former PENCOM DG’s Reputation

Advertisement Media Rights Agenda (MRA) has condemned what it described as “calculated clandestine motives by fifth columnists, mischief makers and agent provocateurs to smear the hard earned reputation of the former Director General of PENCOM, Mrs. Chinelo Anohu-Amazu.” MRA in a statement signed and made available to journalists yesterday by its National Coordinator, Ishola Ishaka, alleged…

Custodian and Allied Insurance rewards shareholders with 25k

  Advertisement CUSTODIAN & ALLIED INSURANCE LIMITED (CAIL) is a wholly owned Nigerian Company. CAIL’s sole purpose is to develop, package and deliver innovative insurance products that best satisfy customer needs, whilst operating a highly profitable, efficient, resourceful and ethical organization that will survive well into the future and be a valuable asset to its…

‘WA NEEDS UNIFORM INSURANCE REGULATION’

Eddie Efekoha, Chairman, Nigerian Insurers Association (NIA) says the insurance industry in West Africa needs uniform regulation to create standard for insurance market across member states in West Africa, promote technical knowledge sharing amongst member state underwriter and regulators, standardise certain insurance product package and benefits and promote confidence and business sharing or exchange among…