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News
NSIA Insurance exits life business, transfers portfolio to CHI Life - Nairametrics
1+ week, 5+ day ago (445+ words) NSIA Insurance Ltd. has announced plans to operate exclusively as a non-life insurance company following the transfer of its life insurance portfolio to CHI Life Assurance Ltd. The company disclosed the development in Lagos on Monday after its 2026 Annual General…...
Coronation insurance and coronation life assurance meet niira 2025 minimum capital requirements following successful ₦9.2 billion capital raise
1+ mon, 1+ week ago (283+ words) Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, marking the successful completion of the Nigerian insurance industry’s year-long recapitalisation exercise as announced by…...
Guinea Insurance raises N12.6 billion, says it has surpassed NAICOM’s capital requirement
1+ mon, 1+ week ago (371+ words) Guinea Insurance Plc has announced the successful completion of a N12.6 billion capital raise, stating that the exercise has positioned the company above the National Insurance Commission’s (NAICOM) minimum capital requirement for non-life insurers, subject to final regulatory verification. The disclosure…...