Sovereign Trust Insurance Plc (STI) is set to raise additional equity capital by offering one new ordinary share for every three ordinary shares of 50 kobo each. This according to the underwriting firm, is in fulfillment of one of the resolutions reached by its shareholders at the 18th annual general meeting […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The board of directors of Wapic Insurance Plc on Friday said it has appointed Ifeyinwa Osime as independent non-executive director of the company. The insurance player in a notice to the Nigerian stock exchange (NSE) said that following a meeting held on April 30, 2014, […]

Prudential Plc (PRU), the U.K.’s biggest insurer, said the Ghanaian life insurance business it acquired in December may become profitable after four years. Express Life Insurance Co., the Accra-based insurer bought for an undisclosed sum, has premiums of 4 million cedis ($1.4 million), or 1 percent of Ghana’s life insurance […]