Insurance

The ICIEC Launches Bespoke Climate Change Policy & ESG Framework at Conference of the Parties (COP 28)

The framework emphasizes embedding ESG principles to ICIEC’s operations, developing ESG-centric products and services, incorporating ESG imperatives into risk assessment and underwriting December 4, 2023/ICIEC The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral credit and political risk insurer and a member of the IsDB […]

Coronation Insurance Announces Court Ordered Meeting December 22, 2023

December 1, 2023/Coronation Further To The Notice Of The Court Ordered Meeting Published On Friday, 24 November 2023, Coronation Insurance PLC (hereinafter referred to as “the “Company”) wishes to notify the shareholders of the below updated list of resolutions proposed to be considered and if thought fit passed as special […]

Fitch Downgrades Coronation Merchant Bank Limited to ‘CC’; Off Rating Watch Negative

November 30, 2023/Fitch Ratings Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited’s (CMB) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘B-‘ and its Viability Rating (VR) to ‘cc’ from ‘b-‘. Fitch has also downgraded CMB’s National Long-Term Rating to ‘B+(nga)’ from ‘BBB-(nga)’. The ratings have been removed from […]