By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- FBN Life Assurance Limited has completed the acquisition of 71.2 percent stake in insurance firm Oasis Insurance Plc. This is contained in an announcement Monday from FBN Holdings Plc the parent company of FBN Life Assurance to the Nigerian stock exchange and made available […]
Insurance
Presidency, police insurance, bank charges to gulp N556m
The Presidency, ministries of Agriculture and Rural Development and Finance, as well as police formations and commands, among others, are to spend the sum of N555.98m on financial expenses such as bank charges and insurance premium this year. The amount is contained in the 2014 budget proposals for the affected […]
SEC pushes US insurers for details on ‘captives’: WSJ
The U.S. securities regulator has asked life insurers to disclose the potential cost of forcibly winding down in-house insurance units known as ‘captives,’ whose business model has come under regulatory radar, the Wall Street Journal reported. State insurance regulators, which approve these captive units, have previously raised concerns that some […]
