Post recapitalisation: Turning strong insurers into stronger players
By Rosemary Iwunze The Nigeria’s insurance industry recapitalisation exercise formally closed on July 31, 2026, with 48 insurance companies and two reinsurers scaling through, while six insurance licences were cancelled after the affected operators failed to meet the regulatory threshold. Following the successful recapitalisation exercise, the real test of the reform shifted from how much […]
Mutual Benefits pays N13.6bn claims in Q1’26
By Rosemary Iwunze Mutual Benefits Assurance Plc has paid claims of N13.6 billion to policyholders across its General Insurance and Life Business portfolios in the first quarter of 2026. The company noted that the impressive payout underscores the company’s enduring commitment to prompt claims settlement, financial strength and the fulfillment of its core promise to […]
Access ARM Pensions grows revenue to N42.4bn, declares N2 dividend
…Profit rises 48% to N16.1bn Access ARM Pensions has posted a sharp rise in revenue in its first full financial year following the merger between Access Pensions and ARM Pensions, underscoring the scale benefits and operational efficiencies already being unlocked from the combination. The pension fund administrator grew gross revenue by 50.4 percent to N42.4 […]
AXA Mansard grows insurance revenue by 22% to ₦160.6bn, navigates profit dip amid FX volatility
By Rosemary Iwunze AXA Mansard Insurance Plc has reported a 22 per cent increase in insurance revenues to ₦160.56 billion for the financial year ended December 31, 2025, underlining sustained growth momentum despite a challenging macroeconomic environment marked by inflationary pressures and foreign exchange volatility. The insurer, a member of the AXA Group, disclosed this […]
Lasaco Assurance’s Rights Issue to close May 13
By Rosemary Iwunze Lasaco Assurance Plc wishes to inform shareholders and the investing public that its ongoing Rights Issue, duly approved by the Securities and Exchange Commission (SEC), is scheduled to close on May 13, 2026. This timeline provides eligible shareholders with sufficient opportunity to participate in the capital raising exercise. The offer comprises 9,236,321,546 […]
Cornerstone Insurance wins 2025 insurance company of the year
By Rosemary Iwunze Cornerstone Insurance Plc, one of Nigeria’s most trusted insurance providers, has been named 2025 Insurance Company of the Year at the annual awards ceremony recently organised by Champion Newspapers. The prestigious recognition was announced at a well-attended ceremony held in Lagos. The award celebrates outstanding performance, innovation, and industry leadership within Nigeria’s […]
