March 24, 2017
LIB - Mutual

Allegation Unethical Practice: Mutual Benefits Vows to Prosecute Complicit

Underwriting firm, Mutual Benefits Assurance Plc on Wednesday assured the insuring public that it has commenced investigation into the alleged unethical practice carried out by an agent who is not a member of staff of Mutual Benefits. A statement made available by the company’s Head, Corporate Communication, Ellen Offo to […]
March 17, 2017
LIB Insurance News

Insurers Embark on Reconciliation of Asset Titles Ahead of NAICOM Verification

Ahead of planned verification of capital resources of insurance companies by the National Insurance Commission (NAICOM), operators have embarked on reconciliation of asset tittles to enable its inclusion into their books. The exercise is targeted at measuring the true worth of insurance companies in terms of value of assets and […]
March 17, 2017
LIB - Market

Compulsory fire insurance for markets

Fire outbreaks are regular occurrences in Nigerian markets. In recent times, we have had fire outbreaks in Singa Market and Sabon Gari Market in Kano, Birnin Kebbi Central Market, Kebbi State, Ikom Main Market in Cross Rivers State, fruit market in Gombe, Yola Market in Adamawa State, Old Market, Sokoto, […]
March 17, 2017
LIB -Thabo-Dloti

Foreign investor to stake $23m in underwriting deal

South Africa’s Liberty Holdings Company, has revealed plans to acquire a 75 per cent stake in a Nigerian long-term insurer for 160 million rand ($12 million), the company said, after reporting a 38 per cent decline in earnings, The Guardian has learnt. This development would further enlarge foreign domination of […]