June 15, 2020/NSE AIICO Insurance Plc has through its Joint Stockbrokers, Magnartis Finance and Investment Limited and Stanbic IBTC Stockbrokers Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Four Billion, Three Hundred and Fifty Seven Million, Seven Hundred and […]
Insurance
Insurance Company Settles SEC Charges for Failing to Disclose Executive Perks
Perks Were Four Times Higher Than Disclosed June 4, 2020/US SEC The Securities and Exchange Commission today announced settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd. for failing to fully disclose perquisites and benefits provided to its former chief executive officer. The SEC’s order finds that in […]
NAICOM Segments Capital Requirements for Insurance Companies; Extends Deadline to Sept 30th 2021
Culled—Proshare June 3, 2020 by NAICOM We refer to earlier Circulars referenced NAICOM/DPR/CIR/25/2019 dated May 20, 2019 which introduced the new capital requirement for Insurance Companies in Nigeria, and NAICOM/DPR/CIR/25-03/2019 dated December 30, 2019 which extended the deadline for recapitalization. The incidences of COVID-19 Pandemic have made it difficult to […]
