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INSURANCE

Insurers see opening in commercial mortgages

Over the past several months, the commercial mortgage market has been volatile, plagued by weak investor appetite, wary lenders and warnings by ratings agencies of increasing risk. But one bright spot is emerging, as life insurance companies have taken advantage of the lull to become major lenders.

NAICOM, SEC agree to collaborate on supervision of companies

The National Insurance Commission (NAICOM) and the Securities and Exchange Commission (SEC) have agreed on the need to collaborate in the supervision and regulation of insurance companies quoted in the Nigerian Stock Exchange (NSE).

‘New Lagos traffic law will make goods in transit more expensive’

Recently, the Lagos State government passed into law a new traffic act which among many other, restricts movement of haulage vehicles to less low traffic period of the day-night. KAYODE ADELOWOKAN writes on the position of insurance practitioners on what impact the new law would have on  insurance industry.

Divestment: NAICOM tightens noose on stolen funds

The National Insurance Commission (NAICOM) has vowed to prevent use of stolen funds to recapitalise the bank-owned insurance companies that are seriously shopping for investors in order to meet the deadline date set by the Central Bank of Nigeria (CBN) on divestment.

Royal Exchange earings rises by 59%

Royal Exchange Insurance Plc has recorded a gross earnings of N5.24 billion in its  financial the year ended 2011  as against N3.29 billion recorded in 2010 financial year, representing an increase of 59 per cent.

CIIN reshuffles cabinet, elects new members

The high point  of the 2012 National Conference and Annual General Meeting of the Chartered Insurance Institute of Nigeria (CIIN) held at Transcorp Hilton, Abuja, was the conduct of election to its governing council.