… fingers Nigeria, others in piracy rise Allianz Global Corporate & Specialty    (AGCS) has suggested that special war insurance policies be introduced to serve the needs of vessels that travel through areas at high risk of piracy. The report, “Piracy: An Ancient Risk With Modern Faces”, notes that “currently, many vessels are insured for piracy […]

Oceanic Insurance Group has in con junction with Aero Airline introduced an online travel insurance scheme to address air travel challenges for its customers in Nigeria and Ghana.

By Patience Saghana Chairman of the Nigerian Insurers Association, Mr Wole Oshin says the industry goals he set for himself on assumption of office is being achieved.  He was reviewing his one year scorecard at the association’s annual general meeting in Lagos.

German reinsurer, Hannover Re, which is 50.1%-owned by Talanx, said Friday that it still expects €5 ($7) earnings per share this year, a 20% rise in gross premium income and an after-tax return on equity of at least 18%.

Strong indications emerged that the federal government will further reduce the present number of insurance companies operating in the country from 49 to 15. The reduction in the number of insurers in the country, according to industry analysts would increase the capacity of the industry and also reduce the incidences of unethical business practice as a result of unhealthy competition among insurers.