The Nigerian insurance industry contributes a ‘whooping’ one per cent to the National GDP. What a contribution from an industry! The insurance gap today is 96 per cent. In other words, one insurance scheme covers less than five per cent of the entire population. Customers tend to paint the insurance […]

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 […]