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 […]
Insurance
Linkage Assurance Appoints Deputy Managing Director
By InvestAdvocate Lagos (INVESTADVOCATE)-Linkage Assurance Plc Friday announced it has appointed Pius Apere a new Deputy Managing Director (DMD) to replace Aniola Durosinmi who recently resigned from the Company. Education Background: Pius Apere (Phd) holds NCE certificate in Mathematics/Economics (Distinction) from College of Education, Abraka, Nigeria (1977 – 1980) before […]
Law Union pays N1.55bn claims
Law Union Insurance Plc says the claims it paid to its policyholders rose by 22.8 per cent from N1.27bn in 2011 to N1.558bn in the 2012 financial period. The Managing Director of the firm, Mrs. Toyin Ogunseye, said that the company was committed to claims’ payment because that was its […]
