Insurance
FBS Re grosses 110% premium growth to N16.6bn in 2022
By Cynthia Ezekwe. FBS Reinsurance Limited (FBS Re), a recently established reinsurer company, recorded a stellar performance of N16.6 billion…
NAICOM eyes $25trn global Takaful to deepen insurance penetration
By Cynthia Ezekwe. The National Insurance Commission (NAICOM) said that it is navigating the global Takaful insurance market, which…
Pension investment in FG Securities jump 20.6% to hit N10.9trn in H1’23
By Cynthia Ezekwe. Pension investments in the federal government securities by Pension Fund Administrators (PFAs),rose to N10.858 trillion in…
Nigeria’s pension assets to increase by N19trn in 2024, says Agusto
By Cynthia Ezekwe. Agusto & Co, a pan-African credit rating agency and a leading provider of industry research and knowledge…
MyCover.ai secures $1.25m pre-seed funding to expand insurance footprint in Africa
By Onome Amuge. MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million…
Reinsurance to cushion ARC as Fitch predicts earnings to remain volatile
Business A.M Reinsurance will help African Risk Capacity (ARC) Group to cushion a projected earnings volatility, Fitch Ratings has said.…
