Old Mutual Plc (OML), Africa’s biggest insurer, is selling its Skandia units in Germany and Austria for 220 million euros ($303 million) in cash. The two businesses, part of the London-based insurer’s wealth division, are being acquired by a Cinven Ltd. and Hannover Re (HNR1) acquisition vehicle, which will rename […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Wapic Insurance Plc, Thursday announced the appointment of four (4) directors to its board. In a notice to the Nigerian stock exchange (NSE), Wapic said it appointed the following: Chizoba Ufoeze – non- executive director, Folusho Alliyu, Bode Ojeniyi and Femi Obaleke as executive directors […]

By InvestAdvocate Lagos (INVESTADVOCATE)-Oasis Insurance Plc has notified the Nigerian stock Exchange (NSE) that at the meeting of its Board of Directors held on February 21, 2014. Adenrele Tokunbo Kehinde was appointed chairman of the board of the company. Apart from the appointment of Kehinde, six (6) other directors were […]