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 […]
March 17, 2017
LIB REVENUE-2

Goldlink, FIRS nurture better relations

The management of Goldlink Insurance Plc, has received a team of the Federal Inland Revenue Service (FIRS),with the purpose of fostering a better relationship in head office in Lagos The Federal team was on a Compliance visit to the underwriting firm in order to ensure its continuous commitment to its […]
March 17, 2017
2

Old Mutual to list R110bn Firm

The South African-based emerging markets business Old Mutual will list on the JSE in 2018 as part of its managed separation could ultimately be worth R100bn to R110bn, making it smaller than Sanlam but bigger than Discovery and the other listed life assurers, analysts say. London-listed Old Mutual said last […]
March 17, 2017
LIB - Capital Base

Insurer advocates N100bn capital base for industry

The Chairman of Wapic Insurance Plc, Mr. AigbojeAig-Imoukhuede, has called for increase in the capital base of insurance companies in the country to N100 billion. Aig-Imoukhuede, who called for the increment at the KPMG Insurance Conference 2017 held in Lagos, said the current capital base does not enable the operators […]