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News
Mutual Benefits drives growth post-recapitalisation, expanding protection across Nigeria
5+ day, 20+ hour ago (369+ words) For more than 30 years, Mutual Benefits Assurance Plc has built its reputation on a simple promise of being there for Nigerians when protection matters most. From safeguarding families and businesses to protecting assets and supporting long-term financial goals, the company…...
Cameroon Warns 20 Insurance Brokers Over Regulatory Breaches
6+ day, 8+ hour ago (267+ words) Cameroon’s Finance Ministry has formally warned 20 insurance brokerage firms and their executives over regulatory breaches, less than three months after authorities withdrew the licenses of 31 other brokers as part of tighter oversight of the industry. Finance Minister Louis Paul Motazé…...
NICON Insurance Ltd: Abuja High Court to hear petition for winding up (In-Liquidation) Sept 21 — National Accord Newspaper %
6+ day, 19+ hour ago (487+ words) Federal High Court Abuja The Federal High Court Abuja has fixed September 21, 2026 for the hearing of a Petition for winding-Up of NICON Insurance Limited. The petition was filed by the Receiver/Liquidator of NICON Insurance limited ( in – liquidation) Chukwuma -Machukwu…...
Court extends restraining order against NAICOM, receiver in Universal Insurance case
1+ week, 2+ day ago (366+ words) A Federal High Court in Lagos has extended the restraining order previously granted against the National Insurance Commission (NAICOM) and the receiver appointed over Universal Insurance Plc, pending the hearing of the company’s suit challenging the revocation of its operating…...
Africa Re posts $664.8m insurance revenue as claims rise
3+ week, 11+ hour ago (397+ words) The African Reinsurance Corporation recorded an 8.5 per cent year-on-year increase in insurance service revenue to $664.8m in the first half of 2026, driven by new business and improved renewal retention. The Nigeria-domiciled reinsurer said revenue growth was achieved across most of its…...
Africa Re posts $101.7m insurance service result despite heavier claims burden
3+ week, 20+ hour ago (649+ words) The African Reinsurance Corporation (Africa Re) recorded an 8.5 percent increase in Insurance Service Revenue to $664.8 million in the first half of 2026, despite a significant rise in claims and a challenging foreign exchange environment. The reinsurer’s unaudited financial results for the…...