Forty six insurance companies and two reinsurance firms have been sanctioned for failing to meet the June 30, 2013 deadline for the submission of their 2012 financial reports to the National Insurance Commission (NAICOM). The companies were respectively made to pay a daily fine of N5, 000 for all the […]
Tag: NAICOM
NAICOM revokes Fortune Assurance’s licence
The National Insurance Commission (NAICOM) has revoked the certificate of registration of Fortune Assurance Company Limited. It said the revocation of the licence of the firm took effect from June 14, warning members of the public against dealing in any of the company’s properties without recourse to the commission The […]
Continental-Re Partners Swiss-Re to Develop Life Assurance in Africa
Continental Reinsurance Plc (Continental-Re), one of the two reinsurance companies licensed by the National Insurance Commission (NAICOM), has taken a bold step towards developing life assurance business across the continent. To actualise this dream, the company has entered into partnership with one of the leading reinsurance companies in the world, […]
