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Ghana: Tigo Insurance pays 25 000 claims

Tigo Insurance has paid out 25,000 claims worth GHS 11 million (US$2.4 million) to insured families in Ghana since its launch in 2010. The number and magnitude of the payouts indicates the increasing prevalence of insurance in Ghana and the vital role it plays in ensuring financial stability for families. ...

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Ghana: Insurance companies laud recapitalisation

George Mensah       The Managing Director of Ghana Reinsurance Company, George Mensah has described as crucial the recapitalization of insurance companies in the country. According to him insurance companies will continue to lose out in providing insurance in sectors such as oil and gas if their capital is ...

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Guinea Insurance profit appreciates by 194.64% in 2016

L-R: AG. MD, ISIOMA OMOSHIE-OKOKUKU, CHAIRMAN, GODSON UGOCHUKWU AND COMPANY SECRETARY, OLURANTI OKE .           BY NKECHI NAECHE—Guinea Insurance Plc has said that its Profit Before Tax margin grew by 194.64 percent  from N46.9million at the close of financial year ended 31, December 2015 to N138million in ...

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A.M. Best Affirms Credit Ratings of Custodian and Allied Insurance

  A.M. Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” of Custodian and Allied Insurance Limited (CAI) (Nigeria). The outlook of the FSR remains stable, whilst the outlook of the Long-Term ICR remains positive. CAI is the ...

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Sovereign Trust profit appreciate by 352% Q3 2017

  PRESS RELEASE —-sovereign Trust Insurance Plc has shown a consistent rise in its profitability after it records 352 per cent Profit After Tax (PAT) increase in third quarter 2017 According to statement released by its Assistant General Manager, Corporate Communications/Brand Management, Segun Bankole, said the third quarter performance shows ...

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    The Nigerian Council of Registered Insurance Brokers has felicitated with its Vice President, Mr. Rotimi Edu on his successful completion of course at the Nigerian Institute of Policy and Strategic Studies, Kuru. Mr. Edu, a Lawyer and Chartered Insurer, who graduated along other participants of Course 39 of ...

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