Over 50 per cent of licensed insurance firms in Nigeria are believed to be on the sale block currently as a result of lack of liquidity injection by their directors, THISDAY investigation has revealed. A reliable source hinted weekend that the affected companies are in some form of mergers and […]
Insurance
Draft regulation threatens 60 insurance CEOs’ jobs
A new regulation being prepared by the National Insurance Commission may lead to the exit of at least 60 chief executive officers of insurance companies and brokerage firms, who have stayed in the position for 10 years. If as anticipated the draft regulation becomes law after April 31, 2017, the […]
Mansard Insurance Acquires 60% Stake of Penman Pension
By InvestAdvocate Lagos (INVESTADVOCATE)-Insurer, Mansard insurance Plc said on Monday it has completed the acquisition of a 60 percent stake of Penman Pensions Limited, according to the company in a notice to the Nigerian Stock Exchange (NSE). Mansard says the acquisition extends its subsidiaries to four (4), having already made significant […]
