IT is irrational for the poor to save for retirement”. Rob Rusconi, an internationally acclaimed expert in pension provision must have jolted many Nigerians, particularly, government, when he delivered his paper and made the above quoted declaration at the National Conference on the review of the Implementation of the Pension Reform. His paper, “Securing Informal Sector Participation” was perhaps the most awaited of the seven papers delivered at the 2-day conference.

Lagos-based intergovernmental reinsurer Africa Re has been upgraded to single A minus from treble B plus by Standard & Poor’s. The reinsurer said that the improved rating would help the company in its quest for expansion.

Six Chief executive officers of member-companies of Ni gerian Insurers Association has been elected into the highest decision making organ of the trade group. The six CEOs representing six insurance companies were elected last week in Lagos at the annual general meeting of the association.

… 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.