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News
Warren Presses Insurance Watchdogs for Answers Amid Walter Probe
12+ hour, 54+ min ago (462+ words) U.S. Senator Elizabeth Warren is pressing the National Association of Insurance Commissioners to explain how it’s policing Wall Street firms’ influence over insurers and their bets on private credit, saying a probe of Mark Walter’s businesses raises questions about regulatory gaps....
NAICOM: Insurance Sector Raised Additional N1.079tn During Recapitalisation Exercise
16+ hour, 28+ min ago (562+ words) The National Insurance Commission (NAICOM), has said that the insurance sector raised a total of N1.079 trillion during the recently concluded recapitalisation exercise. The Commissioner for Insurance, Mr Ayo Omosehin, stated this while giving an update of the recapitalisation exercise in…...
Recapitalisation: I prayed in church that no insurance company licence should be cancelled – Omosehin
22+ hour, 48+ min ago (295+ words) The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Olusegun Ayo Omosehin, has stated that he offered personal prayers in church to prevent the revocation of any insurance operator’s licence during the industry recapitalisation exercise....
5Star Life Insurance Company Appoints Insurance Industry Veterans Timothy G. Arnold and Kimberley E. Wooding to Board of Directors
4+ day, 2+ hour ago (259+ words) "Tim and Kim bring extensive insurance industry experience and proven leadership to the 5Star Life Board," said General Larry O. Spencer, USAF (Ret.), Chair and President of AFBA and President of 5Star Life. "Their expertise will strengthen our Board and help guide the…...
Go Digit General Insurance announces resignation of independent director Giridhar Aramane
4+ day, 2+ hour ago (323+ words) Business Upturn Go Digit General Insurance announces resignation of independent director Giridhar Aramane Go Digit General Insurance Limited has announced the resignation of Mr. Giridhar Aramane, who held the position of an Independent Director at the organisation. The resignation follows…...
Giridhar Aramane resigns as independent director of Go Digit General Insurance
4+ day, 2+ hour ago (361+ words) Business Upturn Giridhar Aramane resigns as independent director of Go Digit General Insurance Go Digit General Insurance Limited has announced the resignation of Mr. Giridhar Aramane (DIN: 00483130) from his position as an Independent Director on the company's board. The resignation…...
A top AssuredPartners dealmaker just took the wheel of a rival, PE-backed broker
4+ day, 6+ hour ago (307+ words) Two personnel moves embedded in this week's industry roundup point to the same underlying story, and it is a bigger one than a leadership note usually gets. Third Wave Insurance has named Paul Vredenburg chief executive, moving founder Brian Bair…...
Nigeria: New collaboration aims to improve aviation insurance regulation
4+ day, 7+ hour ago (366+ words) National Insurance Commission (NAICOM) and the Nigeria Civil Aviation Authority (NCAA) have collaborated to advance the coordination of framework for regulatory compliance in the aviation sector in Nigeria. “This occasion represents not only the strengthening of institutional cooperation, but also…...
Underwriters say AI is saving time, not improving decisions
4+ day, 3+ hour ago (455+ words) Most senior commercial underwriters say AI has saved them time on admin. Far fewer say it has improved the quality of their decisions. That gap shapes how submissions get handled, how risks get priced, and how consistent underwriting decisions are…...
What brokers must know about the ‘it won't happen to me’ mindset before their next SME conversation
4+ day, 8+ hour ago (564+ words) The single biggest misconception small business owners have about insurance isn't about price, according to Mariano Neiman (pictured), COO at Zensurance, and understanding that distinction is the key to a more productive conversation between brokers and skeptical clients. "The results…...